‘Moon’ or ‘Doom’? OKX Launches Bitcoin Price Guessing Game on Telegram

Crypto exchange OKX has launched a Telegram game that asks gamers to guess Bitcoin’s price every five seconds. The game also asks users to link their OKX account for future “surprises,” suggesting potential benefits for players.

Every five seconds in OKX Racer, players must decide if Bitcoin’s price will increase (“moon”) or decrease (“doom”). Players are given 10 guesses before they must wait for their next guess to refill, which occurs every minute and 30 seconds—similar to the stamina bars in tap-to-earn Telegram games.

When the player guesses Bitcoin’s movement correctly, in OKX Racer, they earn points—but guessing incorrectly doesn’t cause a loss of points. If the guesser hits a streak of correct answers, then a multiplier boosts the amount of points earned.

This comes amid an explosion of Telegram-based crypto games such as Notcoin and Hamster Kombat. Most of these have been tap-to-earn games which prompt the player to furiously click a digital coin to earn in-game points—which, in some cases, convert to a crypto airdrop further down the line. 

While no airdrop of any kind has been mentioned, the exchange does prompt players to connect their OKX account for “future surprises.” For this, however, you are required to complete “know your customer” (KYC) verification.

If an airdrop is on the horizon, then OKX may use the KYC verification to restrict airdrops to certain regions due to regulatory concerns.

Notcoin’s launch and airdrop was so successful that it is currently the largest crypto gaming token launch of 2024 by quite some distance. The NOT token launched on The Open Network (TON) in May and soon reached a peak market cap of nearly $3 billion.

Many Telegram games allow the user to invest their points to purchase in-game power-ups to boost their efforts. For OKX Racer, players can increase their fuel tank and boost the amount of points they earn for a correct guess.

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Hamster Kombat picked up the baton from Notcoin, leading the next generation of Telegram crypto games while apparently amassing huge droves of players—more than 300 million, the developers said in late July, just weeks after Telegram founder and CEO Pavel Durov claimed that the game had topped 239 million players earlier in the month. What’s driving players to the game, which pairs simple tapping gameplay with lightly strategic moves as you take the role of a hamster CEO of a crypto exchange? An...

Equally, most Telegram games prompt the user to onboard their friends for a bag of points. Similarly, OKX Racer offers 10,000 points for onboarding friends.

Edited by Andrew Hayward