The creators of Notcoin presented a platform for charging crypto for storing coins in a Telegram wallet. How does it work?
Autumn turned out to be full of events in the Telegram Open Network or TON ecosystem. First of all, the Hamster Kombat project token airdrop took place on the network, affecting over a hundred million users. Although it ended up disappointing players, the massive event still showed crypto industry participants the potential of this blockchain. Now it may be awaiting another surge of users due to a new initiative by the developers.
The popularity of the Telegram messenger contributed to the formation of a hype around various applications in this ecosystem. Still, it is very easy to set up a cryptocurrency wallet in Telegram, due to which many people have shown interest in what is happening in the world of crypto.
By the way, the availability of platforms based on the TON blockchain sometimes led to curious situations. For example, in late October, users complained about the unfair distribution of tokens in the game “X Empire”. The game was previously called “Musk Empire” and is based on the personality of a famous billionaire.
The interface of the Telegram game X Empire
Therefore, some players have started tweeting Ilon Musk, demanding to get to the bottom of what’s going on. However, he, of course, has nothing to do with this project.
Well, the incident made it clear how inexperienced some crypto-game users are. On top of that, it has generally become apparent that most newbies don’t even do minimal research on the project they are contacting.
How to earn cryptocurrency in Telegram
A novelty in the TON ecosystem was presented by employees of the Open Builders team, which is responsible for creating a popular clicker called Notcoin. The new project is called Earn – it’s about a longchip platform, which should bring rewards to token holders based on the TON network in an inbuilt Telegram Wallet.
Telegram Wallet or Wallet in Telegram is an application inside the Telegram messenger created by representatives of the TON Foundation. It allows you to store digital assets, as well as conduct transactions with them and even participate in receiving distributions of popular crypto-assets.
At the same time, the wallet supports TON, HMSTR, USDT, Bitcoin and other popular cryptoassets. For example, the day before we received a worthless airdrop of MAJOR token with a value of approximately $1.
According to The Block, Earn turned out to be the first such initiative from Notcoin representatives. Its goal is to encourage regular players to participate in the happenings inside the TON ecosystem, who will be able to access rewards without the steaking procedure and other complicated things for newbies.
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Where do the rewards in Earn inside Telegram come from
As noted by the developers, the rewards of Earn platform users are essentially aidrop tokens of new projects. Their creators share part of the offer with holders of existing popular tokens in the TON network like NOT and DOGS.
Users can participate in multiple project pools at the same time. For this, they will receive hourly rewards depending on a certain person’s place in the overall leaderboard, which will be formed during so-called snapshots of actual balances, i.e. a kind of snapshot of the blockchain.
Wallet interface in Telegram for Toncoin (TON)
The developers also reported the availability of exclusive pools for gold, platinum and early Notcoin stakers.
It is important to understand that such an initiative is likely to be in demand among the participants of the TON ecosystem. Still here to get new coins will be enough to store cryptocurrencies on the inbuilt wallet, which many people already do, and press a few buttons.
This feature suggests that earnings within the Earn platform will be negligible. Still, a large number of participants means a dispersion of the reward, which in itself is unlikely to be serious. Anyway, it is more profitable for developers to launch more tokens on the free market than to simply share the value with everyone.
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Again, the Hamster Kombat airdrop confirmed this feature in September. Since tens of millions of people participated in it, the average reward amount for each of them was insignificant.
To get started, a user just needs to request access to a specific pool. This will be followed by an automatic check of the balance of the wallet used and the beginning of the accrual of rewards. That is, you will not have to transfer your crypto somewhere or send it to steaking here.
The developers note that the conditions of participation in each individual pool are different from each other. However, now the rewards are distributed among 100 thousand of the largest holders of a token.
As experience shows, this can lead to criticism of the platform due to the participation of large investors or so-called whales. Still, most of the rewards are likely to go to them because of the larger share of coins within the selected pool.
Telegram co-founder Pavel Durov
One of the first projects presented on the Earn platform was the BUILD token. Also in December we are expecting the launch of NOT PX tokens, which should attract additional attention of users.
Apparently, the development of the TON ecosystem will continue further. In the near future we may not expect launches on the scale of Hamster Kombat, but sooner or later this record will be broken. Still, Telegram has more than 950 million active users every month, and this creates conditions for a sharp popularisation of blockchain projects in this network.
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