Notcoin (NOT) Soars Amid Tap2Earn Boom, Surges 10% After Announcing Token Burn and $4.2M Incentive Plan

Notcoin (NOT), a play-to-earn clicker gaming app on Telegram, surged more than 10% after announcing it would be mass-burning tokens and launching a multi-million dollar incentive program for users.

Notcoin(NOT), a immersive play-to-earn clicker gaming application on Telegram, has witnessed a surge of over 10% following the declaration of a significant token burn and a multi- million dollar incentive plan for users. At the time of composition, NOT is trading at $0.01572, demonstrating a 22% increase in daily trading volume, reaching $470 million. The token's market cap has also risen by 10%, attaining $1.6 billion and ranking 56th among cryptoassets according to CoinMarketCap data. This current surge comes on the heels of a June 25 declaration on X (formerly Twitter), where the Notcoin team revealed the burning of $3 million worth of NOT tokens and outlined a $4.2 million incentive plant targeting Gold and Platinum users of the Notcoin Explore platform. The token burn forms a crucial component of Notcoin's comprehensive strategy aimed at enhancing tokenomics and delivering value to its users. By reducing the total supply, Notcoin aims to create scarcity, potentially boosting the token's value and appeal. Another driving factor behind Notcoin's recent uptick is the June 26 announcement of a $2.5 billion airdrop to the Notcoin community, which is projected to surpass combined airdrops from ZkSync and LayerZero. The Notcoin team emphasized that the total value of the airdrop at its peak was $2.5 billion, dwarfing the $954 million for ZkSync and $323 million for LayerZero. Notcoin Soars Amid Tap2Earn Boom Notcoin's recent price surge aligns with a broader trend in the “Tap2Earn” sector, which includes popular tokens like HamsterKombat and Yescoin. Notcoin's first-mover advantage in the Telegram ecosystem , combined with the growth of TheOpenNetwork(TON) and Telegram's 900 million user base, has significantly bolstered its growth and interest. Metrics such as TON's daily active addresses have seen substantial growth over the past three months, suggesting a promising trajectory for Notcoin as it seeks to expand beyond the Tap2Earn model.

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