Netcoin is a web3 game run on the LayerNet system. It's free to play and accessible through the Telegram messaging app.
Netcoin is a web3 game that's run on the LayerNet system. It's free to play and accessible through the Telegram messaging app. In Netcoin, players participate in a variety of boxing matches and earn NFTs and cryptocurrency if they win.
LayerNet is a Telegram gaming layer that’s built on the Solana blockchain. It uses rollup technology to scale Telegram. Gaming developers who build on LayerNet enjoy faster, cheaper and more reliable transactions.
Netcoin was initially created to showcase the effectiveness of LayerNet. By highlighting how fast and affordable it is to run a game on LayerNet, the company hopes to attract more developers to its system. Netcoin's many features emphasize how easy and effective it is to run games through the LayerNet system.
Furthermore, Netcoin is meant to help the main token on LayerNet. The game encourages users to work with NET tokens, which are also the primary utility token for LayerNet. By getting more people involved with the token, LayerNet hopes to provide even more support for its cryptocurrency coins.
Over time, Netcoin has begun to take on a life of its own. It's evolved from simply a proof-of-concept project into a full, standalone game. Currently, Netcoin's main aim is to attract users and expand its system. It hopes to make the most of the popularity of Telegram games and gain many users. Some of the bigger Telegram games have already made millions of dollars, and Netcoin hopes to join their ranks one day. By charging users for transactions, Netcoin aims to eventually turn an impressive profit.
Netcoin's basic technology is straightforward, and works with a combination of LayerNet, Solana and Telegram. The base of the game is the Solana blockchain. This keeps track of transactions and secures the digital assets for the game. All of the Solana transactions are routed through LayerNet's gaming layer, which bundles transactions in rollups to increase processing speed. Users won't see most of this technology firsthand, though, because the only thing they'll interact with is the Telegram gaming interface.
Netcoin gameplay on Telegram consists of multiple different components.
Players start earning rewards with Netcoin by signing up for the Telegram app. Once you have a wallet linked to your account, you can join Netcoin through the Telegram bot. This will then send you simple messages that guide you through getting started.
Like many other Telegram games, Netcoin starts with a tap-to-earn mechanism in which users click on buttons to earn rewards. You can also collect coins passively. As your user level rises, you automatically earn more rewards.
Coins on Netcoin are used to purchase and upgrade weapons that provide powerful assistance in various battles. Upgrades improve durability and power, so players with better weapons can earn more coins.
The thing that really distinguishes Netcoin from other clicker-based games is its fights. Players participate in real-time battles with both robots and other users. The robots are managed through an AI system and appear in five distinct types. Defeating robots provides players with additional coins and NFTs to sell.
Netcoin features a daily task center that guides players through missions. Inviting friends to the game, liking tweets and joining Discord forums can all help players earn even more coins.
The NET token is a utility and governance coin for both Netcoin and LayerNet. It has a total supply of 800 million tokens that will slowly be released on a two-year token-vesting schedule.
After launching on Jul 11, 2024, Netcoin quickly started to attract positive attention from web3 enthusiasts. Within a day, 150,000 people had already tried out Netcoin. The game reported over 1 million users within just four days of launch. It's also had over 2.5 million fights, and more than 100,000 people have joined its community.
Netcoin's main focus at the moment is upgrading its gaming system. While it already has plenty of PvE and bot battles running, there’s also a lot of demand for PvP battles. Once both PvE and PvP battles are fully operational, Netcoin will concentrate on community growth. So far, there haven't been any discussions of expanding the game to other systems or adding additional characters to the game.
Instead, Netcoin is going to prioritize getting more users and attention on social media. This will allow the project to increase its popularity further and, hopefully, boost the price of its cryptocurrency. Meanwhile, the LayerNet system will work on getting more developers to run games on LayerNet and possibly consider designing new games to join the Netcoin ecosystem.
Ultimately, Netcoin is a great example of how much power the gaming industry has in the modern web3 landscape. There's a major demand for games in which people can earn crypto assets, and Netcoin is doing a great job of fulfilling that need. Though this project is still fairly new, it
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