Notcoin (NOT) is set to make waves in the digital asset market, with Binance being the first platform to list the token. Trading for NOT/BTC, NOT/USDT, NOT/BNB, NOT/FDUSD, and NOT/TRY pairs will commence on 2024-05-16 at 12:00 (UTC), solidifying Notcoin's credibility as a project previously invested in by Binance Labs.
Notcoin's launch is part of the 54th project in the Binance Launchpool, showcasing the platform's commitment to fostering innovation in the cryptocurrency space. With the 'Seed Tag' applied to NOT, investors can expect an opportunity to participate in the token's staking and farming processes, while also benefiting from Binance Coin's (BNB) strong market performance as the 4th largest cryptocurrency by market capitalization.
Notcoin Launch Details
Key Launch Details
Listing Platform: Binance will be the first platform to list the Notcoin (NOT) token, with trading commencing on 2024-05-16 at 12:00 (UTC).
Trading Pairs: NOT will be available for trading against BTC, USDT, BNB, FDUSD, and TRY pairs.
Token Supply:
Max Token Supply: 102,719,221,714 NOT
Launchpool Token Rewards: 3,081,576,651 NOT (3% of max supply)
Initial Circulating Supply: 102,719,221,714 NOT (100% of max supply)
Staking Pools:
Stake BNB: 2,619,340,153 NOT in rewards (85% of total)
Stake FDUSD: 462,236,497 NOT in rewards (15% of total)
Farming Period:
Start: 2024-05-13 00:00 (UTC)
End: 2024-05-15 23:59 (UTC)
Hourly Hard Cap per User:
BNB Pool: 3,637,972 NOT
FDUSD Pool: 641,995 NOT
Exclusions and Risks
While Binance is launching Notcoin (NOT) on its Launchpool platform, certain countries and regions are excluded from participating, including the United States, Canada, and several others. This list may be updated periodically.
It's important to note that staking in Launchpool events can be rewarding but involves risks, such as market volatility and potential fluctuations in both staked assets and reward tokens.
Additional Notes
Notcoin (NOT) is a community token designed to onboard users into web3 through a tap-to-earn mining mechanic.
Binance Labs has previously invested in Notcoin, underscoring the project's credibility.
The 'Seed Tag' will be applied to NOT, indicating it is an early-stage cryptocurrency that may be more volatile and risky.
Staking and Farming Process
Staking and Farming Overview
Binance Launchpool enables users to stake BNB and FDUSD tokens to farm Notcoin (NOT) tokens over 3 days from 2024-05-13 00:00 (UTC) to 2024-05-15 23:59 (UTC). The total reward pool consists of 3,081,576,651 NOT tokens, which is 3% of the maximum supply of 102,719,221,714 NOT.
Reward Distribution
The rewards are distributed across two pools:
BNB Pool
Rewards: 2,619,340,153 NOT (85% of total)
Hourly Hard Cap per User: 3,637,972 NOT
FDUSD Pool
Rewards: 462,236,497 NOT (15% of total)
Hourly Hard Cap per User: 641,995 NOT
Staking Comparison
If one person stakes $500 worth of BNB and another person stakes $500 worth of FDUSD for the same duration, the person staking BNB will receive more new token rewards than the person staking FDUSD. However, staking BNB carries more volatility risk compared to FDUSD.
Participation Process
Create or log in to a Binance account.
Navigate to the Launchpool section and choose the desired pool (BNB or FDUSD).
Stake the desired amount of BNB or FDUSD.
Farming rewards will be distributed automatically during the farming period.
After the farming period ends, claim the earned NOT tokens by clicking "Claim" in the Launchpool section.
Binance Launchpool allows users to acquire new token rewards by staking various cryptocurrencies, including BNB and FDUSD. The staking and farming process enables users to earn passive income by supporting new projects on the Binance platform.
Token Distribution and Supply
Total Supply and Initial Circulating Supply
The total and maximum token supply of Notcoin (NOT) is 102,719,221,714. The initial circulating supply of Notcoin when listed on Binance was also 102,719,221,714, which is 100% of the total supply
Token Distribution Breakdown
The token distribution of Notcoin (NOT) is as follows:
Binance Launchpool Allocation: 3,081,576,651 NOT (3% of total supply)
Miners: 78% of total supply
Ecosystem Fund: 9% of total supply
Community Incentives: 5% of total supply
Development: 5% of total supply
Additional Launchpool Allocation
Apart from the Binance Launchpool allocation, there is an additional Launchpool allocation of 1,280,000,000 NOT (1.25% of max supply) on the OKX Jumpstart Launchpool.
Potential Price Fluctuations
It's important to note that after the initial airdrop, more tokens will be continuously airdropped to users, which may cause the token price to fall. Additionally, users from the on-chain airdrop and wallet claim may experience delays in claiming, leading to further price fluctuations.
Claiming Notcoin from the Telegram Mini App:
Open Telegram and navigate to the Notcoin mini-app.
Start the game by tapping on the Notcoin bot within the app.
Earn Notcoin by clicking on the animated coin in the chat.
Claim your Notcoin regularly to ensure you don’t reach the storage limit.
Use boosts to increase your earning potential, if available.
Sending Notcoin to Binance:
Connect your wallet on the Mini app.
Select any Ton wallet that supports Ton Chain.
Claim your Coin
Then click on withdraw and send to yourBinancee address
Wait for transaction Approval.
Conclusion
The launch of Notcoin (NOT) on Binance's Launchpool platform presents an exciting opportunity for investors and enthusiasts in the cryptocurrency space. As Binance Labs has previously invested in the project, Notcoin's credibility is further solidified. The staking and farming process allows participants to earn rewards by contributing to the growth of this innovative project, fostering a sense of community engagement.
While geographical restrictions and risks associated with market volatility should be carefully considered, the Notcoin launch highlights Binance's commitment to promoting innovation and driving the adoption of blockchain technology. As the cryptocurrency ecosystem continues to evolve, projects like Notcoin have the potential to introduce new use cases and contribute to the overall growth of the industry.
FAQs
When will Notcoin be available on Binance?
Notcoin is scheduled to be listed on the Binance exchange starting May 16.When did Notcoin officially launch?
Notcoin was initially introduced as a closed beta on Telegram in November 2023, with its official launch taking place on January 1, 2024.What exactly is a Notcoin token?
Notcoin is a free play-to-earn game accessible on Telegram, launched in January 2024. Players can earn rewards in Notcoin tokens by engaging with coin icons within the game. The NOT cryptocurrency, integral to this game, is developed on the TON blockchain. The game and its underlying technology were created by Sasha Plotvinov, who is also the founder of Open Builders.What are the new cryptocurrencies launching on Binance in 2024?
In 2024, Binance is set to introduce several new listings, including Dogeverse (DOGEVERSE), a multi-chain meme coin that quickly raised over $250,000. Another upcoming listing is WienerAI (WAI), a meme coin with potential for significant traction. Additionally, Sealana ($SEAL), a Solana-based meme token with a fixed presale price, is expected to be listed.
