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Open Builders, creators of Notcoin (NOT), has launched a new platform called Earn. This product aims to revolutionize the way Telegram’s 900+ million users interact and benefit from holding Tokens.
With the launch of Earn, Telegram communities now have a new way to easily grow their Token holdings and be rewarded for their loyalty to the projects they support.
Earn Officially Launched for Telegram Communities
Earn is Notcoin’s first initiative, designed to reward users simply for holding Tokens without the complexity of traditional staking systems. Participants can receive rewards simply by holding Tokens in their wallet. This is different from requiring users to lock assets or engage in complex processes.
“Earn is a new type of launch pool platform built specifically to serve Telegram communities. We’re giving people a new, exciting way to grow their holdings and stay engaged with the projects they believe in. With Earn, users no longer have to worry about staking mechanisms or minimum Token requirements. All they need to do is hold, and the rewards will come,” Open Builders said in a statement shared with TinTucBitcoin.
Earn differentiates itself from other platforms by offering a number of unique features that cater to the diverse needs of Telegram users. Among them are hourly rewards, multiple exclusive pools, and on-chain snapshots with no minimum requirements.
One of the first Tokens available on Earn is BUILD. Community Token – this utility will reward active participants in the Telegram ecosystem. Starting December, Earn will also feature NOT PX Tokens. This will expand the range of available rewards and provide more incentive for more Telegram users to participate.
“We are excited to be able to offer BUILD and NOT PX Tokens as part of the Earn ecosystem. These Tokens are integral to our mission to drive deeper engagement within Telegram communities and reward users who contribute to their growth,” the team continued.
This development reflects a shift in user preferences away from the tap-to-earn games that once brought great popularity to the Telegram ecosystem. As reported by TinTucBitcoin, the number of users has been steadily decreasing, showing that interest is waning.
Contributing factors include repetitive gameplay, reduced airdrop rewards, cheating, hacking, and difficulty with withdrawals. These issues have caused players to leave, leading to a decline in the user base on TON.
The loss of popularity around 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 will achieve sustainable user growth is still an open question. However, the outcome depends on Telegram’s ability to mitigate user concerns and improve from failures in the tap-to-earn gaming sector.
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