👉👉👉 #Telegram Founder Pavel Durov Says He’ll Hold $7 Million Notcoin Gift Until 100x
Ahead of Thursday’s NOT token launch, players of the viral Telegram-based clicker game, Notcoin, exhibited generosity by donating a portion of their in-game coins to Telegram founder Pavel Durov. Now, this collective donation has translated into millions of dollars, and Durov intends to hold onto it, anticipating a potential 100x gain.
In February, more than 552,000 #Notcoin players participated in the effort orchestrated by the Notcoin team, dubbed Open Builders, to express gratitude to Durov for his role in creating the messaging app housing the crypto game.
Ultimately, Durov received over 1.03 billion NOT tokens, equivalent to slightly over 1% of the total Notcoin supply on The Open Network (TON). At the time of writing, this haul is valued at approximately $7.3 million, although it was slightly lower at $6.8 million when Durov shared the news earlier on Friday.
With an estimated $15.5 billion fortune, Durov finds the monetary gain inconsequential and has no plans to sell. However, if the NOT token surges in value, he may sell to support Telegram further.
Expressing his gratitude on Telegram, Durov remarked, “Half a million Notcoin users gifted me $6.8 million worth of Notcoin! Thank you. I will hold these coins until they turn to $680 million, at which point I will use them to buy more servers for Telegram.”
Notcoin launched with a market cap of nearly $1.5 billion, making it the most significant gaming token debut of the year. However, it has since dropped by 50% to just above $0.007, according to CoinMarketCap.
Despite being ranked 101st by market cap at $746 million, NOTcoin generated over $1 billion in trading volume within its first 24 hours post-launch. The coin is poised for a relaunch of its coin-tapping, crypto-earning game and aims to become the "Netflix of social, viral games," according to co-creator Sasha Plotvinov's interview with Decrypt's GG in April.
Source - decrypt.co
