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Notcoin (NOT), a gaming token, has taken the cryptocurrency market by storm, captivating over 35 million users and achieving a fully diluted value (FDV) of $1 billion. This milestone follows its distribution through an airdrop and listings on multiple exchanges, marking a significant shift for gaming-based digital currencies.
Notcoin made two simultaneous launches on Binance Launchpool and OKX, two of the largest cryptocurrency exchanges, with a total circulation of 102,719,221,714 NOT. This dual listing strategy demonstrates Notcoin’s ambition to reach a wide audience and solidify its position in the competitive crypto landscape.
The launch of Notcoin was nothing short of spectacular. Within the first hour, trading volume soared to $294 million, according to CoinMarketCap. This performance highlights the token’s strong demand and the crypto community’s enthusiasm for innovative gaming experiences.
Notcoin’s journey began within the Telegram app, where early adopters earned tokens from January to April by engaging with a virtual coin and completing various in-game challenges. These initial balances were later converted at a 1000:1 ratio, allowing gamers to transition seamlessly into the world of cryptocurrency.
Notcoin “Gifts” Telegram Founder 1 Billion NOT Tokens
In a significant development, the Notcoin team announced today the donation of 1.03 billion NOT tokens, valued at $6.8 million, to Pavel Durov, the founder of Telegram. This gesture, celebrated on social media, honors the platform that facilitated Notcoin’s rise and the broader ecosystem it supports.
1,030,383,291.36 Notcoin ($6.8M USD) were sent as donation to Pavel Durov and Telegram.
Thanks for everything you guys built.https://t.co/ZaBgB22yyg pic.twitter.com/8gmNjbBs3s
— Notcoin Ø (@thenotcoin) May 17, 2024
Earlier this year, the company expressed gratitude to Pavel Durov and the Telegram team in a heartfelt post. The message emphasized the importance of building on the foundations laid by industry pioneers and recognized the opportunities created for entities like Notcoin.
As Notcoin continues to make waves, it exemplifies the potential for gaming tokens to revolutionize the crypto space. With strong community backing and a clear vision for the future, Notcoin is poised to redefine the concept of play-to-earn in the digital age.
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