Oh, Notcoin's move is really eye-catching! Not only did they destroy $3 million worth of NOT, but they also issued $4.2 million in rewards. This is simply amazing. This kind of big move is definitely intended to make a big news in the market and attract investors' attention. The purpose of destroying coins is to reduce the supply, which may increase the value of each coin, while the reward is to give back to community users and attract more people to participate in Notcoin's ecological construction.
However, it depends on the final effect of this wave of operations. Sometimes this kind of high-profile market behavior can greatly boost the popularity of the project and the confidence of investors, but it may also cause market fluctuations and speculation. The key lies in whether the Notcoin team can effectively use these funds to promote the long-term development of the project.
For investors, this news has two sides. On the one hand, it may increase their confidence in the future of Notcoin and regard it as a project that can be developed sustainably; on the other hand, it will also make people wary of the actual actions of the project party and the effectiveness of the use of funds. In short, the impact on the market needs to be observed to see how Notcoin performs next.
