The Notcoin (NOT) cryptocurrency, which operates on the TON blockchain, has seen a significant price increase of around 5% after the community burned 210 million NOT tokens. This move is part of the project's efforts to revolutionize its tokenomics and prepare for future development.

According to the community's announcement, the $3 million worth of burned tokens were part of a larger plan. The unclaimed tokens were divided into three groups: one for future development, one for burning, and one for distribution to Notcoin Explorers from the Gold and Platinum tiers. This distribution saw $4.2 million worth of coins allocated as incentives for these top-tier users.

The community stated that 94.18% of the Notcoin supply is now in the hands of 11.5 million people, including traders, miners, and stakers, while 5.82% is held in the treasury for future development. These changes to the tokenomics appear to have had a positive impact on the Notcoin price, which has seen a 5.86% increase over the past day.

Additionally, data from Coinglass showed a substantial 5.60% spike in Notcoin's Futures Open Interest, indicating increased buying activity in the market. Overall, the recent developments and on-chain data suggest a bullish outlook for Notcoin.