Notcoin Buzz: Major Crypto Exchanges Set to List Telegram-Based Game Token
Summary:
Notcoin (NOT), a free play-to-earn game built on Telegram, has been making headlines on the X platform as significant cryptocurrency exchanges, including ByBit and Binance, prepare to list the token. The NOT cryptocurrency, developed by Sasha Plotvinov, is based on The Open Network (TON) blockchain. Following the game's launch in January 2024, user engagement has been substantial, with nearly 30 million users in just a few months. The news comes amid the growing popularity of the TON ecosystem, underscored by a drastic surge in Toncoin's value following a large-scale investment by Pantera Capital.
The play-to-earn game Notcoin (NOT), which includes a token and is built into Telegram as a mini-app, is creating a buzz on X, as significant digital currency exchanges gear up to enlist the token. Notcoin's enrolment on the cryptocurrency platform ByBit was formally disclosed on May 9th, with immediate initiation of deposits. Withdrawals and trading of Notcoin transactions are due to launch on May 16th and May 17th in sequential order. The exchange clarified that deposits and withdrawals will be facilitated through The Open Network (TON), with trading conducted using its automated trading technology upon listing.
Soon after the incorporation of NOT into its launch pool on May 9, Binance - another major crypto exchange - will engage in spot trading for Notcoin beginning May 16. Simultaneously, Wallet - a third-party custodial crypto wallet linked with Telegram - will integrate Notcoin on May 16.
The digital exchange OKX is set to highlight Notcoin at its Jumpstart Mining event slated for May 13th. This will open up possibilities for Toncoin (TON) holders to stake their coin with the advantage of earning NOT rewards. With more than 35,000 posts connected to the "#Notcoin" hashtag, the anticipation around NOT has surged on social media platforms as the writing shows.
Notcoin, established as a free play-to-earn game on Telegram in January 2024, enables rewards in the Notcoin token for users who merely tap the coin icons. The game soon gained popularity on Telegram after its launch, with millions of users despite the absence of trading options for its token, NOT, on crypto exchanges like Binance.
The founder of Open Builders and the mind behind the game, Sasha Plotvinov, laid the foundation for NOT cryptocurrency on the TON blockchain. Plotvinov views Notcoin as rectifying the problem of engaging Telegram users with crypto. The app has reported nearly 30 million users in just months after its kick-off.
At present, the official Notcoin Community channel boasts over six million subscribed users on Telegram and 1.6 million followers on X. As per the Notcoin bot on Telegram, the game has roped in 648,015 participants, known as 'notcoiners'. The Notcoin team, in a blog post, has explained that the mining phase is preceded by an uncertainty over the NOT price post its listing.
In parallel with the rising trend of the TON ecosystem, the news has arrived. A disclosure by major crypto investor Pantera Capital on May 8 revealed that its strategic investment in TON is their biggest ever. The news has resulted in a substantial increase in the price of Toncoin cryptocurrency, propelling it from nearly $5.5 to almost $7. In recent statistics, TON comes in at $6.88, indicating a 27% increase over the past week.
Published At
5/10/2024 1:32:17 PM
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