Bittime - Recently released, Notcoin (NOT) has a fully diluted volume (FDV) value of $1 billion. This happened after these tokens were distributed via airdrop and several exchanges.
According to CoinMarketCap, the token managed to garner a trading volume of $294 million in the first hour after launch.
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Early users of the Notcoin game, which can be accessed via the Telegram app, collected notcoins from January to April by clicking on virtual coins and completing in-game challenges. The balance in the game has been converted at a ratio of 1000:1, according to the press release.
Also read: What is the Impact of Delaying Notcoin (NOT) Deposits?
The maximum Notcoin supply is 102 billion, with 3% allocated to Binance Launchpool users and another 1.5% allocated to OKEx Jumpstart users.
The project also introduced a staking mechanism to incentivize airdrop participants to HODL (hold on for dear life) their tokens.
Staking will be required to “earn additional rewards” and gain access to more profitable staking pools based on the player's level in the game.
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“It's been an incredible few months,” said Sasha Plotvinov, founder of Notcoin developer Open Builders. "We are incredibly proud that Notcoin's viral growth has introduced millions of people to crypto and the TON ecosystem."
Also read: Notcoin (NOT) Launch Postponed, Here's Leaked Information!
About Notcoin (NOT)
Notcoin (NOT) was originally a viral game on Telegram designed to invite users into the world of Web3 on the TON blockchain. This project has a very interesting approach.
This is because the official website only contains instructions for joining the Telegram community, as well as links to social media accounts and their whitepaper.
Generally, a project's whitepaper is the most fundamental document presented to the community and potential investors. The whitepaper contains all information about the project, including technical architecture, parameters, development team background, future plans, and so on.
Uniquely, the Notcoin whitepaper is really a white paper – the document consists of 9 pages, with the first page entitled "Notcoin Whitepaper November 2023", and the remaining eight pages... blank without any writing.
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The project introduces a “tap-to-earn” mechanism for earning tokens, and it appears that NOT itself is a community token that users can earn through various means:
- Finding Web3 Products
- Participate in various games
- Provide added value to the ecosystem
- Web3 developers can offer their products to the community through Notcoin campaigns
Early last May, the Notcoin team released another update to a feature called Notcoin Explore. In addition to the beta version of their click game, Notcoin Explore adds something “more advanced” to the project.
This feature basically allows users to explore new Web3 products and get NOTs in the process.
The process is two-stage: A new Web3 project will purchase NOT from the marketplace and add it to a collection of campaigns, which will then reward engaged NOT community members.
However, Notcoin has grown into a viral crypto asset. This is characterized by almost 7 million users in their Telegram group and almost 2 million on the platform. The Notcoin team also stated that they will start burning tokens from the total supply once the project is running on the blockchain network.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
3 Crucial Things Ahead of the Notcoin Token (NOT) Release
Notcoin: Telegram Based Crypto Game Already on CoinMarketCap
Notcoin (NOT) Price Prediction 2024: Will It Sustain Above $1?
Notcoin (NOT): Everything You Need to Know About This Trending Crypto Game
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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