Open Builders, the visionary force behind Notcoin (NOT), is launching a groundbreaking platform named Earn. This initiative promises to redefine how Telegram's immense audience, exceeding 900 million users, interacts with token holding and benefits from it. By simplifying the process, Earn offers a novel avenue for Telegram communities to easily expand their token portfolios and gain rewards for their loyalty to favored projects.
With the introduction of Earn, users are invited to participate in a new paradigm of token rewards. This initiative marks Notcoin’s first venture into offering token holders a simplified reward system. Unlike traditional staking, Earn rewards are achievable without necessitating asset lock-ups or involvement in intricate processes.
“Earn reimagines what a launch pool platform looks like for Telegram communities. We provide a thrilling opportunity for users to grow and remain active with the projects they support. Gone are the days of complex staking systems or minimum token requirements. Just hold, and watch the rewards flow,” Open Builders conveyed to BeInCrypto.
What sets Earn apart is its array of distinctive features tailored for Telegram users. These include dynamic hourly rewards, access to numerous exclusive pools, and on-chain snapshots devoid of minimum requirements. The inaugural token available on Earn is BUILD, designed to reward active Telegram members. Commencing in December, the platform will also integrate NOT PX tokens, expanding the spectrum of rewards and further incentivizing participation.
“We are thrilled to incorporate BUILD and NOT PX tokens into our Earn ecosystem. These are fundamental to our mission of deepening engagement within Telegram communities and rewarding contributors to growth,” stated the team.
This innovation marks a significant pivot in user interest, moving away from the previously popular tap-to-earn games within the Telegram domain. According to BeInCrypto, user engagement in these games has been on a downward trajectory, indicating dwindling enthusiasm. The decline is attributed to monotonous gameplay, diminished airdrop incentives, security breaches, and withdrawal issues, which collectively pushed users away, causing a contraction in the TON user base.
The resulting skepticism has precipitated nearly a 60% reduction in the total value locked (TVL) on the TON blockchain since August, as outlined by DefiLlama.
Whether Earn can spark enduring user growth hinges on Telegram's capacity to address past grievances and evolve beyond the shortcomings of tap-to-earn gaming. Time will tell if this new strategy will successfully reinvigorate user engagement.