Notcoin's Market Surge
Today, the cryptocurrency market witnessed a significant rise in Notcoin, which surged by 14% to $0.01718. Simultaneously, there is growing attention towards play-to-earn (P2E) games, especially eTukTuk (TUK), the creator of the new mobile P2E game Crazy TukTuk Taxi.
Token Burning and Scarcity
Last week, eTukTuk conducted two token-burning events, removing a total of 600 million TUK tokens from circulation. This burning event reduced the total supply by 30%, leaving 1.4 billion tokens, which could potentially increase the token's value due to increased scarcity. Of the total supply, 10% (200 million TUK tokens) are available in the ongoing presale, while the rest are allocated for staking rewards (20%), presale staking (9%), and other areas like marketing, community incentives, and exchange liquidity.
Presale and Listing Plans
With less than six days remaining in the presale, this is the last chance to acquire TUK tokens at the lowest available price of $0.0345. The presale has already raised over $3.5 million. TUK will be listed on the decentralized exchange (DEX) Uniswap on July 16 at 1:00 PM CET. Liquidity will be created and locked to ensure the project's success and longevity. The team is also negotiating with at least one centralized exchange for a potential listing shortly after the DEX debut, although no official confirmation has been made.
Staking Opportunities
Presale buyers can start staking their TUK tokens immediately, earning an annual passive income of 80%. Staking rewards will be distributed over three years, with stakers able to withdraw their rewards after an initial seven-day period. The staking pool grows by 4.75 TUK per block on the BNB Smart Chain (BSC). As a BEP-20 token, TUK benefits from BSC's efficiency and low costs, making it suitable for gaming. Additionally, being on Binance's blockchain increases the likelihood of a listing on Binance, the world's largest cryptocurrency exchange.
Gameplay and Market Expansion
In the game Crazy TukTuk Taxi, players navigate the busy streets of a Sri Lankan city, collecting and transporting passengers to earn TUK tokens. These tokens can be used for in-game purchases, upgrades, and accessing exclusive content. The GameFi market, currently valued at $11.37 billion, is expected to reach $46 billion by 2030, with a compound annual growth rate of 26%, according to HTF Market Intelligence. This growth is driven by companies like Axie Infinity, Yield Guild Games, Gods Unchained, and Decentraland.
P2E Model and Game Development
Although Notcoin initially emerged as an explore-to-earn game on Telegram, it has evolved with millions of users earning tokens. The ecosystem on Telegram has expanded, supported by the familiarity of many users with cryptocurrencies. The app is now becoming a platform for developers to create and launch products with minimal friction.
eTukTuk, although not operating on The Open Network (TON), follows a similar P2E model, emphasizing skill and fun over the repetitive and unstimulating gameplay of older P2E games like Axie Infinity. In Crazy TukTuk Taxi, players can progress through different cities and customize their tuk-tuks. Successful trips earn TUK tokens, which can be used in-game or traded like other cryptocurrencies.
Project Verification and Market Entry
eTukTuk's smart contract has been thoroughly verified by SolidProof, ensuring user integrity and security. TUK tokens can be purchased with BNB, ETH, USDT, or via a bank card. Investing in a presale project like eTukTuk, which already has a product on the market, reduces risk for potential buyers, as the team has demonstrated its execution capabilities. Crazy TukTuk Taxi is currently in a soft-launch phase on Android and iOS, with full marketing efforts expected to rapidly increase its popularity in app stores once the presale ends.