In a bold move aimed at increasing scarcity and value, Telegram's Notcoin (CRYPTO:NOT) burned $3 million worth of NOT tokens.
This strategic action is part of Notcoin's effort to enhance economic stability and reward active community members.
Additionally, $5 million in Notcoin bonuses will be distributed to loyal users, underscoring the platform's commitment to its community.
Despite a recent market downturn, with NOT's price down 43.4% from its peak, Notcoin remains resilient with a market cap of $1.65 billion.
The tokenomics will soon reflect 95% in community hands, reinforcing long-term sustainability.
Developed as a Telegram mini-app, Notcoin has garnered widespread popularity, boasting over 35 million players and 6.5 million daily active users through its innovative tap-to-earn model.