How Many Notcoins Will Players Get After Listing?
The Notcoin team has shared new details on how in-game coins earned by players will be converted into tokens on the TON network.
During the entire Notcoin mining phase, users have mined trillions of game coins. Such a huge amount would have made trading on the market difficult, so the developers decided to reduce the number of game coins that would come into circulation, as they mentioned earlier.
On their social medias, the team finally shared the formula for converting gaming Notcoin to real NOT coins. The developers decided to subtract three zeros from the amount mined by the user. Thus, if a player mined 10 million game tokens, he will receive 10,000 NOT. In other words, the conversion rate is 1,000 in-game coins to one NOT token. This conversion will affect every player.
Phase 3 is a good time to build the foundation for the further years.
— Notcoin Ø (@thenotcoin) April 11, 2024
We invite you to this journey.
Let's start with a few updates. pic.twitter.com/0Ee8OX6XAw
The team will mine 102,719,221,714 NOTs. About 80.2 billion NOTs will be received by players, while the 22.5 billion NOTs that were at least partially donated by players to the ecosystem fund will be used to pay rewards for in-game tokens after mining, as well as to fund future development and other initiatives.
The listing price is still a secret. It is interesting that for a voucher with a denomination of 10,000 NOT on average offer $21. Earlier, the developers said that the price of the coin at the time of listing will depend on voucher trading.
In addition, the developers also deducted up to 50% of the coins mined by players if they did not invite friends to the game or participate in campaigns. Suspicious user accounts that manipulated mining in any way have been scrubbed.
Plans to further develop the game include the ability to purchase NOT by other projects to reward players for interacting with their content. Users of the game have already essentially tested this feature by subscribing to Telegram channels and checking out online resources. In addition, the team will continue to run various campaigns to make the gameplay brighter and more interesting.
