The Notcoin team reported the burning of NOT tokens worth $3 million
The message notes that the project's tokenomics is community-oriented, so another $4.2 million will be allocated for some Notcoin Explore users.
The team also published details on the NOT proposal. According to them, 94.18% of tokens are distributed among 11.5 million users, including traders, miners, hodlers and others.
Another 5.82% was left for the next stage of project development.
The NOT token did not respond to this news. At the time of writing, it is trading near $0.00143:
Notcoin also noted that more than $2.5 billion was shared among the airdrop participants, which is more than ZKsync and LayerZero combined.