Youths Hit Jackpot With Notcoin In Crypto Trading
The Nigerian social media landscape has been abuzz with excitement as countless young people shared their newfound wealth from trading and mining Notcoin, a burgeoning…
Screenshots flooded platforms like Facebook and Twitter (now X), showcasing substantial earnings in US dollars. The testimonials came as a rewarding journey many had embarked upon, having started their trading activities just some months earlier.
Notcoin (NOT), a play-to-earn cryptocurrency, recently surged in popularity, breaking into the top 10 cryptocurrencies by daily trading volume. Its listing on major centralised exchanges, such as Binance and OKX, on May 16, marked a significant milestone.
The coin’s trading volume skyrocketed, exceeding $1.4 billion within 24 hours and securing the eighth position among the most traded cryptocurrencies.
Despite an initial price dip from $0.02156 to $0.006618, Notcoin’s market capitalization surged to $1 billion within minutes of its launch, although it has since stabilized at around $697 million. This robust performance places Notcoin at the 107th position among the largest crypto assets, reflecting its substantial market presence.
Notcoin’s mechanics
Notcoin operates as a unique play-to-earn game within the Telegram app, where users can mine Notcoins by interacting with a mini-app. This model eliminates the typical complexities of crypto transactions, making it accessible to anyone with a Telegram account.
The game’s simplicity and the incentive of earning bonuses through referrals have attracted over 35 million players, with peaks of six million daily active users.
The integration with Telegram has been pivotal to Notcoin’s rapid growth. Utilizing the Telegram Open Network (TON) blockchain, Notcoin ensures seamless transactions and a user-friendly experience, leveraging Telegram’s extensive infrastructure.
Community and economic impact
The excitement around Notcoin extends beyond individual earnings. Telegram founder Pavel Durov recently praised Notcoin’s success…#Write&Earn
