Notcoin To Reward Token Holders

Open Builders, the creators behind Notcoin (NOT), are unveiling their new platform, Earn. The product aims to transform how Telegram’s vast user base of over 900 million people engage with and benefit from token holding.

With the launch of Earn, Telegram communities now have a new way to grow their token holdings easily and be rewarded for their loyalty to projects they support.

Earn Launches for Telegram Communities

Earn is Notcoin’s first-ever initiative, designed to reward users simply for holding tokens without the complexity of traditional staking systems. It lets participants receive rewards by merely holding tokens in their wallets. This is as opposed to requiring users to lock up their assets or participate in complicated processes,

“Earn is a new kind of launch pool platform built specifically to cater to Telegram communities. We’re giving people a new, exciting way to grow their holdings and stay engaged with the projects that they believe in. With Earn, users no longer need to worry about staking mechanisms or minimum token requirements. All they have to do is hold, and the rewards will come,” Open Builders said in a statement shared with BeInCrypto.

Earn differentiates itself from other platforms by offering several unique features that cater to the diverse needs of Telegram users. Among them are dynamic hourly rewards, multiple and exclusive pools, and on-chain snapshots with no minimum requirements.

One of the first tokens available on Earn is BUILD. The community-utility token will reward active participants within the Telegram ecosystem. Starting in December, Earn will also feature NOT PX tokens. This will broaden the array of rewards available and provide even more incentives for Telegram users to get involved.

“We’re excited to offer BUILD and NOT PX tokens as part of our Earn ecosystem. These tokens are integral to our mission to foster deeper engagement within Telegram communities and reward users who contribute to their growth,” the team continued.

This development reflects a shift in user interest away from tap-to-earn games, which once brought significant popularity to the Telegram ecosystem. As reported by BeInCrypto, user numbers have been steadily declining, highlighting waning enthusiasm.

Contributing factors include repetitive gameplay, reduced airdrop rewards, cheating, hacking, and cash-out difficulties. These issues have driven players away, leading to a shrinking user base on TON.

The fading hype surrounding these games has also caused a nearly 60% drop in total value locked (TVL) on TON since August.

Whether the new holding-to-earn mechanism achieves sustained user growth remains to be seen. However, it will depend on Telegram’s ability to mitigate user concerns and improve from the failures in tap-to-earn gaming.