Binance announces 54th Launchpool Project Notcoin NOT
Binance, the world's largest cryptocurrency exchange, has announced the launch of Notcoin (NOT), a community token that onboarded users into Web3 through a tap-to-earn mining mechanic, as its 54th project on Binance Launchpool.
Introducing @thenotcoin $NOT on #Binance Launchpool!
— Binance (@binance) May 9, 2024
Farm #NOT by staking #BNB and $FDUSD.
➡️ https://t.co/TeZucnfeRk pic.twitter.com/Y4dGfSGERb
According to the official announcement, the website is estimated to be accessible in 24 hours, before the launchpool starts. For a period of three days, beginning on May 13, 2024, at 00:00 (UTC), users will be able to farm NOT tokens by staking their BNB and FDUSD into different pools.
The Notcoin launchpool comprises 100% of the maximum token supply (102,719,221,714 NOT) as the initial circulating supply and offers launchpool token rewards of 3,081,576,651 NOT, which is approximately 3% of the maximum token supply.
Between May 13 and 15, the total daily rewards each day are 1,027,192,217 NOT (873,113,384 NOT BNB pool daily rewards and 154,078,832 NOT FDUSD pool daily rewards). Rewards are distributed according to a set structure, with 15% going to FDUSD stakers and 85% going to BNB stakers. Users are reminded that in order to maintain equity and equal participation throughout the Notcoin ecosystem, tokens may only be staked in one pool at a time.
After the farming period, on May 16, 2024, at 12:00 (UTC), Binance will list NOT and start trading the trading pairs NOT/BTC, NOT/USDT, NOT/BNB, NOT/FDUSD, and NOT/TRY. It is important to note that the seed tag will be applied to NOT. This suggests that, in comparison to other listed tokens, the token has a higher than normal risk and may exhibit higher volatility.
Binance also stated that more tokens will be continuously distributed to users following the initial airdrop, which could result in the token price falling. Users of onchain airdrop and wallet claims may encounter delays in airdrop claiming, which may lead to further price fluctuations.
With trade opening at 12:00 UTC on May 16, 2024, Binance will be the first platform to list the token. It is anticipated that the NOT listing on Binance will boost the token's exposure and liquidity, possibly drawing in additional traders and investors for the venture.
Following a recent announcement that Bybit and Binance were upcoming listings of Notcoin and OKX was introducing NOT (notcoin) on OKX Jumpstart, Toncoin (TON), the Open Network's native token, saw a brief rally on Thursday.
The Telegram-linked coin has seen impressive gains in the last 24 hours and currently trades at around $6.82, up by 13.41% on the day, according to data from Coinmarketcap as of 09:05 GMT.
The leading cryptocurrency exchange warned of false advertising to suggest that this token is available for purchase before the deadline and advised users to please conduct independent research in order to guarantee the security of their money.
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