After being given out via an airdrop and on many exchanges, Notcoin (NOT), a gaming cryptocurrency with over 35 million users, started trading at a fully diluted value (FDV) of $1 billion.
According to CoinMarketCap, the cryptocurrency garnered $294 million in trading volume in its first hour of existence.
Through the use of the Telegram app, early players of the game were able to earn notcoin between January and April by clicking on virtual coins and finishing in-game missions. Per a press statement, in-game balances have been converted on a 1000:1 ratio.
The maximum amount of Notcoin is 102 billion, of which 3% is reserved for Binance Launchpool users and a further 1.5% for OKX Jumpstart users.
A staking mechanism has also been implemented by the project to encourage airdrop farmers to hold onto their tokens. Depending on the player’s level in the game, staking will be necessary to “earn extra rewards” and obtain access to more profitable staking pools.
Open Builders’ founder, Sasha Plotvinov, stated, “It’s been an amazing few months.” “That Notcoin’s viral growth has exposed millions to cryptocurrency and TON’s ecosystem makes us incredibly proud.”
Tokenomics for Notcoins
NOT started trading at FDV of more than $1 billion, based on statistics from CoinGecko, after being issued through airdrop on multiple exchanges. In the first trading hour, the token’s volume exceeded $294 million.
As of the time of publication, Notcoin’s fully diluted valuation (FDV) is $759 million.
The maximum amount of Notcoin is 102 billion, of which 3% is reserved for Binance Launchpool users and a further 1.5% for OKX Jumpstart users. But Notcoin just revealed that a compliance check resulted in the rejection of some Binance deposits. By May 16, the problem has been fixed.
Subsequently, the project implemented staking as a means of encouraging airdrop farmers to retain their tokens. Users who do not maintain their tokens for the longest will receive “extra rewards” and be granted access to more profitable staking pools, which are contingent on their level in the game.
You can access Notcoin by using the Telegram client. Early users earned Notcoin by clicking on a virtual coin and finishing game challenges between January and April. The ratio of those in-game balances to NOT tokens was 1000:1.
