Notcoin players on Telegram can now deposit or stake their tokens, while billions of NOT tokens are distributed through Binance and OKX.
2 min read - May 16, 2024
The token #NOT of the viral game #Notcoin based on Telegram, will be listed this Thursday, May 16 on several exchanges cryptocurrencies. Earlier Tuesday, ahead of launch, developer Open Builders opened the in-game claim process to all players.
Around 35 million players of the clicker-style game can now decide what to do with their earned NOT tokens, which are awarded at a 1,000-to-1 ratio based on the in-game coins they mined earlier this year. Therefore, if you mined 100,000 coins in the game, you will be able to claim 100 NOT tokens on The Open Network (TON).
Players have the option to deposit their NOTs on the Binance, OKX or Bybit cryptocurrency exchanges, or on the wallet app on Telegram. Deposits will be available throughout the day Tuesday, but will be paused on Wednesday before the token listing.
Additionally, Notcoin players can stake their tokens, allowing them to earn higher status levels that "give them access to better conditions and exclusive projects," according to an official post shared on Telegram. Starting today (May 16), players will also have the option to withdraw NOT to a self-custody wallet.
On Monday, Binance and OKX launched staking reward campaigns to earn NOT. In total, the exchanges will distribute more than 4 billion NOT, representing more than 4% of the total supply.
Binance has distributed over 3 billion #NOT tokens through its Launchpool campaign. So far, customers are showing strong initial enthusiasm. Users have already staked around $13.7 billion in Binance Coin ( $BNB ) and the stablecoin #FUSD , with the total briefly rising above $14 billion as of Monday.
Launchpool's previous campaigns for gaming tokens Pixels ($PIXEL ) and Portal ($PORTAL ) also generated several billion dollars in staking interest each, with both tokens debuting with capitalizations of considerable market.
Will Notcoin find its place in the ranking of the top gaming tokens launched in 2024? We will find out on Thursday once the token listing is live.
Fuente: Decrypt
