Here’s How Many ‘Notcoin’ Tokens You’ll Get for Your In-Game Coins

Gamers racked up trillions upon trillions of in-game cash by tapping their telephone screens, however that vast tally was positive to make buying and selling crypto tokens a little bit of a headache. The Notcoin staff had beforehand stated that it deliberate to knock off some zeros throughout the conversion course of to make issues extra manageable as soon as minted, and now we all know how that’s going to work.

Notcoin plans to maneuver the decimal level to the left by three numbers. So in the event you mined 1,000 in-game cash, you then’ll get a single Notcoin. Mined 10 million cash? In that case, you then’ll get 10,000 of the on-chain tokens. And in the event you mined 532,487 cash, you then’ll get 532.487 NOT.

In different phrases, the conversion fee is 1,000 in-game cash to a single NOT crypto token. That’s true for everybody, so gamers aren’t getting “fewer” cash by way of this course of—it’s simply the conversion fee that’s been chosen to carry gamers’ earnings on-chain.

In response to the staff, there will probably be 102,719,221,714 NOT minted in complete. Of that, about 80.2 billion NOT will go to gamers/miners, whereas 22.5 billion NOT—which was no less than partly donated by gamers to an ecosystem fund—will probably be used to pay out token rewards within the recreation after the mint, in addition to to fund future improvement and different initiatives.

Notcoin additionally stated it’s purging suspicious accounts that it believes are automated bots that used scripts to govern the sport.

Moreover, developer Open Builders detailed the future gameplay mannequin during which exterior initiatives should buy NOT tokens from the open market and pay it into the sport, thus rewarding gamers with crypto rewards for interacting with their content material. Decrypt’s GG first reported particulars of the deliberate shift final week.

It’s an evolution of what’s already been within the recreation, with gamers incomes in-game cash for following Telegram channels or Twitter accounts or visiting mission web sites.

However sooner or later, these firms can pay for the correct to be uncovered to Notcoin’s 35 million gamers, with a portion of that cost additionally put into the NOT treasury—and one other portion burned ceaselessly, step by step slicing the general Notcoin provide alongside the way in which.

Notcoin can also be planning new month-to-month “experiences” to shake up the gameplay, hold gamers checking again, and deploy recent meme tokens alongside the way in which.

The Notcoin token launch is presently deliberate to happen on or round April 20—the identical anticipated date because the Bitcoin halving.

Pre-market vouchers for Notcoin have roughly doubled in worth during the last couple weeks, with an NFT voucher for 10 million in-game cash (or 10,000 TON tokens) rising from a worth of about $50 price of Toncoin (TON) to about $90 to $100 price as of Thursday.