Notcoin Burns $3 Million in Unclaimed Tokens

The developers of the gaming Web3 project Notcoin have burned unclaimed NOT tokens worth $3 million.

Notcoin Tokenomics is now extremely community oriented.

Notcoin worth $3M just burned from the emission ?

$4.2M will go as incentive for Gold and Platinum users of Notcoin Explore (thank you guys) pic.twitter.com/70vXTWk5YE

— Notcoin Ø (@thenotcoin) June 25, 2024

With a focus on community-oriented tokenomics, the team will distribute an additional $4.2 million among players with Gold and Platinum statuses.

Notcoin reported that 94.18% of the NOT emission is held by 11.5 million people, including traders, miners, and stakers.

The remaining 5.82% is retained by the team for further development purposes.

In total, more than $2.5 billion was distributed among Notcoin airdrop participants, surpassing the combined figures of ZKsync and LayerZero.

$2.5B for Notcoin Community

? https://t.co/MwArct3Rk4

— Notcoin Ø (@thenotcoin) June 25, 2024

According to CoinGecko, at the time of writing, NOT is up by 14.7% and is trading at $0.01619.

Previously, Notcoin’s creator Alexander Plotvinov stated that the team aims to move away from the clicker concept to develop a more sustainable model and attract additional revenue.

In late May, the project launched a new type of mission for passive token earning.