Countless Telegram Mining Apps - Crypto Adoption or Devaluation?

[Altcoiner007]

Well, I don't think they cost money from all I see. Just the time engaging in the mining activities as they require tapping as frequent as the user possibly can.

yes thats why i said this trend doesnt cost any money unlike meme trend which people need to buy token to get profit.

   I don't believe in telegram mining apps, to be honest; most of them are just a waste of time, so instead of wasting my time on that, I'll just spend it doing trading activities on the exchanges instead.

   But the adoption of cryptocurrency on Telegram is fast because there are many communities that are really looking for extra income in the crypto business industry, so there are also many victims of exploitative people.

i dont believe too or atleast half believe but i can see this is start of a trend in this bull cycle like solana memecoin we experience earlier. Also not much time wasted as it is automatic like idle game while for trading i have a bot running

The problem is that the mining apps do not onboard new people and provide zero education or something. Also, the TG has its own ecosystem, so I think it gives almost zero value to the space.

Well, for some who are curious about learning get to learn one or two things about they space because most of the folks get to learn how to use the exchanges to trade the tokens they eventually get. Although some still find a way to lamely transfer to another user directly for fiat just to avoid having to use an exchange.

[Reatim]

The hype from NOTCOIN was so loud that a lot of people joined crypto and became experienced overnight.

That person is a very bold one. Some people were exposed to bitcoin first but it took them a really long time before they finally accepted bitcoin and crypto and it took them even longer to actually understand how it works. For someone to be introduced to cryptocurrency through an altcoin and being interested right away is quite impressive.

I met someone and he was telling me how they’ll get money from tap swap (which started gaining popularity as well) on the 30th. Telling me he has millions of the coins, I had to elaborate to him that it’s not the coins but he was getting shares which will have a swap ratio in the end, and that he wasn’t getting any actual money on the said date. Though not very defensive, he listened. The average new person is unlike him, they’ll argue with you who has been in the community for much longer and talk like they hadn’t joined the crypto community last week.

People are hard-headed and that’s why a lot of them never truly understand crypto because they just believe whatever kind of information they already have. I believe in an investment one especially in crypto, you need to be open minded and humble.

[oktana]

The hype from NOTCOIN was so loud that a lot of people joined crypto and became experienced overnight.

That person is a very bold one. Some people were exposed to bitcoin first but it took them a really long time before they finally accepted bitcoin and crypto and it took them even longer to actually understand how it works. For someone to be introduced to cryptocurrency through an altcoin and being interested right away is quite impressive.

Impressive? I think you didn’t get what I meant. I am trying to explain how they got in through altcoin that was hyped so much, and the next minute they sound to you like they are experienced and have known about cryptocurrency for so many years. So to me the problem is that ego whereas they really don’t know anything and if we’re for the hype, they wouldn’t be here in the first place.

[muncuss]

The problem is that the mining apps do not onboard new people and provide zero education or something. Also, the TG has its own ecosystem, so I think it gives almost zero value to the space.

don't think so. I have referred some people who pretty much never setup a wallet before. And as they play they will ask how to withdraw where to sell and slowly they will know other thing too. Gonna start somewhere

[Belarge]

don't think so. I have referred some people who pretty much never setup a wallet before. And as they play they will ask how to withdraw where to sell and slowly they will know other thing too. Gonna start somewhere

We probably going to be successful in the space when we adapt to strategies that's eligible for our massive growth. We rise by lifting others, knowing the exact sectors to anticipate and following legit system. Telegram mining apps are legit but not all because it's very tricky, the ones we looked as scamming projects are the actual ones to make figures on our ends. Knowing the basis of the system is not challenging, we just have to stick to finding out new directions about the system and also knowing what's best for everyone.

[beerlover]

The success of NOT coin, a telegram mining token, has led to a surge in participation of younger individuals in my community and online who have little knowledge of blockchain technology and cryptocurrency. It's both exciting and concerning to see them jump into mining tokens on telegram without any understanding of the technology behind it. Some seem more interested in quick profits rather than learning about this growing industry.

Their constant questions about when mining will end and how to sell tokens make it seem like blockchain cryptocurrency is just a way to get rich quickly. While I initially saw these trends as a positive sign of crypto adoption, I now worry that it's diminishing the value of being known as a legitimate crypto investor, as more and more individuals claim to be involved in cryptocurrency without truly understanding it.

This is how the trend world works, I remember when pancakeswap first came out, 100 of the same thing came out too, and their github was public so people literally did exactly the same with just a few graphic changes, like logo and colour, and published basically the exact same thing. Some of them even got big for a while, and they made some money for some people, but in the end most of them were just trend chasing projects.

Same is going on with meme projects, everyone is looking for ways to create shitty tokens that are just memes, and hope to make some money from it. All in all I do not think that we are going to end up with a good result, but the logic is quite common, notcoin made some money and everyone is trend chasing it now.

[martocsan]

For new projects, it could be a cool way to increase the number of users by doing an airdrop. After analyzing all the options, we decided to do our airdrop through a Telegram mini-app (bot). So far, people love it.

[Orange89]

Some wise man said one forgot about your like and dislike just follow the trend and you will make huge money but yes you need to be super early in the trend the same things happening with these telegram project the trend is already set and we seeing most of the project well established launching there project like for sui their sui waves and domant [ sleeping project ]

Although to be honest these all tap 2 earn and mining project all are just time wasting that's what I assume what do we get just by tapping on the screen despite make a script and setup a bot
Remember time is more important than anything so choose your time wisely project will come earn and go

[jaberwock]

For new projects, it could be a cool way to increase the number of users by doing an airdrop. After analyzing all the options, we decided to do our airdrop through a Telegram mini-app (bot). So far, people love it.

New or old projects can have it and yeah it's a cool way to increase the adoption because it allows people to earn free cryptos by doing mostly simple tasks that are prepared by the project owners.

There are different ways to do an airdrop or different platforms rather to conduct it. One that is hot right now is by doing it inside the Telegram app. It's the new narrative and might still subside its hype later on, so I won't really be alarmed just like the OP. In fact, they might only help the crypto adoption. I won't say that it can cause a devaluation, only because there are tons of scam projects that can be created and fail under it.

It's only normal and even before, it also happens. Even until now, on other crypto categories, scams and shit projects are still rampant but people are used to seeing them already. They will just ignore it or move on easily, once they got victimized by them.

[Qiubell5]

This is how the trend world works, I remember when pancakeswap first came out, 100 of the same thing came out too, and their github was public so people literally did exactly the same with just a few graphic changes, like logo and colour, and published basically the exact same thing. Some of them even got big for a while, and they made some money for some people, but in the end most of them were just trend chasing projects.

Same is going on with meme projects, everyone is looking for ways to create shitty tokens that are just memes, and hope to make some money from it. All in all I do not think that we are going to end up with a good result, but the logic is quite common, notcoin made some money and everyone is trend chasing it now.

starting from a trend, everyone started to follow it and it became a matter of interest for some people to study, with the existence of telegram the impact will be to involve users in the crypto world, the popularity and strength of the development of the community with this success is proof that it has gained extraordinary traction even though by tapping the screen they have hope but actually they haven't traced the basics actually they think at least make the goal end well and catch up with the current trend.

[tsaroz]

The success of NOT coin, a telegram mining token, has led to a surge in participation of younger individuals in my community and online who have little knowledge of blockchain technology and cryptocurrency. It's both exciting and concerning to see them jump into mining tokens on telegram without any understanding of the technology behind it. Some seem more interested in quick profits rather than learning about this growing industry.

Their constant questions about when mining will end and how to sell tokens make it seem like blockchain cryptocurrency is just a way to get rich quickly. While I initially saw these trends as a positive sign of crypto adoption, I now worry that it's diminishing the value of being known as a legitimate crypto investor, as more and more individuals claim to be involved in cryptocurrency without truly understanding it.

I can't help but wonder if others have noticed this trend as well.

You evaluation are correct. Though a few of the early Telegram based games or memes were a success, it doesn't guarantee every of it would. What many people also don't realize is a lot of them are not promising anything, not even a token on the blockchain.
And failure of these particular project won't have much effect on crypto as a whole. People are much aware of scams and hype projects and for most of the games, people are not spending any money but their time.
It would be wise for people to have limited expectations and continue them as potential airdrop than an investment.

[fortunecrypto]

Their constant questions about when mining will end and how to sell tokens make it seem like blockchain cryptocurrency is just a way to get rich quickly. While I initially saw these trends as a positive sign of crypto adoption, I now worry that it's diminishing the value of being known as a legitimate crypto investor, as more and more individuals claim to be involved in cryptocurrency without truly understanding it.

You can't blame these people they join anything that will promise free coins that will lead to profit, without truly understanding the underlying technology behind the project they are joining, they are here for the FOMO and they are the kind of people who jumps from one project to another.

There are positive and negative impacts of these airdrops, the positive impact is this is the easiest way to build a community, and the negative impact is that  those who joined out of FOMO are quick to leave if what the profit they expect is not reached, they prefer short term profit to long term profit.

[pakhitheboss]

The success of NOT coin, a telegram mining token, has led to a surge in participation of younger individuals in my community and online who have little knowledge of blockchain technology and cryptocurrency. It's both exciting and concerning to see them jump into mining tokens on telegram without any understanding of the technology behind it. Some seem more interested in quick profits rather than learning about this growing industry.

I agree with your point that NOT coin was a telegram mining app. What I do not agree is that you forgot it was a meme coin designed as a telegram minig token.

It is a beginning and we will see more such tokens coming out of telegram. I sense that the future of meme coins is not that secure anymore with the success of Hamster Kombat. This new narrative will be leading the next bull run, whenever it happens.

[smyslov]

 I sense that the future of meme coins is not that secure anymore with the success of Hamster Kombat.

Yes tapping mining could be the next trend in the making but so much depends on the distribution and trading in the market, their subscribers are now considered record-breaking both on Telegram and YouTube, if only they have a good continuity of their popularity by creating utility and potential profit to their investors.

I have 5 tapping mining in my cellphone I don't want to add more until I see the results of Hamster and my other tapping mining, we are now on a wait-and-see stage.

[HawkTrader]

I think with the success of Notcoin, most projects' team now believe that telegram can help onboard a lot of users to the project since "crypto is all about the community". Recent quotes from Blum and Hamster says it all. But we also should be wary of the ills that comes with it.
But I can't say for certain, whether that will bring mass adoption since we could have bots amongst these new surge of users.

[X-ray]

I think with the success of Notcoin, most projects' team now believe that telegram can help onboard a lot of users to the project since "crypto is all about the community". Recent quotes from Blum and Hamster says it all. But we also should be wary of the ills that comes with it.
But I can't say for certain, whether that will bring mass adoption since we could have bots amongst these new surge of users.

The bots are indeed a problem but actually we've seen increase in adoption of crypto through this kind of method but my concern is that majority of them are adopting crypto not because they find use or try to invest in it but just short term hype revolving around the game that overpromise reward, that narrative doesn't feel right and most of them once faced with the reality of airdrop and its nature of uncertainty, they will be disappointed.

not to mention many of these telegram apps are heavily abstracting the use of blockchain and try to make it closer to privately owned app in term of user experience.

pretty much the whole thing about this telegram mining app if underdelivered their promise, will just try to form another prejudice toward crypto all over again so honestly sometime I also feels like these telegram crypto mining apps or something similar to be devaluing crypto for the reasons that already being elaborated by OP here.

[malcovi2]

 I sense that the future of meme coins is not that secure anymore with the success of Hamster Kombat.

Yes tapping mining could be the next trend in the making but so much depends on the distribution and trading in the market, their subscribers are now considered record-breaking both on Telegram and YouTube, if only they have a good continuity of their popularity by creating utility and potential profit to their investors.

I have 5 tapping mining in my cellphone I don't want to add more until I see the results of Hamster and my other tapping mining, we are now on a wait-and-see stage.

No, it's a waste of time and pretty sure Notcoin was just a fluke and the next copycat projects are not going to perform well.

[aioc]

Yes, there are a lot of them, most of them are aiming to lure subscribers to their telegram channel. Can you imagine how much it costs to advertise in some Hamster with an audience of 30 million?

I'll unsubscribe, unfollow, and abandon their mining if I sense that they are abusing their members by asking for money to advertise to their network.

This is the reason why many have abandoned PI network there was a time when they were monetizing their platform at the expense of their members, I call this abuse.

[bitgolden]

I honestly think that we are going to see these telegram mining projects will eventually cause a lot of dilution and eventually none of them will be good. We had notcoin, and now we have hamster kombat which may do fine, but I do not think that we will have any better in the future.

Because whenever something does well, others keep on copying it, and only after it is good. Look at Hamster kombat, it existed before notcoin made all that money for people, meaning that it didn't start because notcoins success, whereas there are thousands of copies of notcoin AFTER it became successful. All of those will go down, all of them will worth nothing, we should not just start a project because a similar one made money, that is not a good enough reason.

[Issa56]

I would advise people to stay away from such kind of coins or tokens. You never know what kind of data they are gathering from your mobile device and what they are doing with that.

Do you even think people hunting for airdrops or online mining care about the information that will be gathered on their mobile phones and what the information will be used for? All they are hunting for is money, and most of them do think airdrop money is free money, so even after participating in them and they didn’t pay, they have nothing to lose, but they don’t really know some of them already have access to their private information, which at the end will be used for illegal things. When participating in any airdrop or online mining, we have to be very careful because scammers do take advantage of things like this.