Notcoin Launches on TON Blockchain with over 80 Billion Tokens Airdrop
Notcoin, a gaming token, has launched its cryptocurrency on The Open Network (TON) blockchain, distributing an airdrop of over 80 billion NOT tokens to participants as it gets listed on several crypto exchanges.
1 hour from listing
— Notcoin Ø (@thenotcoin) May 16, 2024
3M+ People are trading Notcoin now
$250M+ Volume
$820M market cap
My Notcoin has finally arrived. 🎉🎉🎉
— Uche Crypt (@uchecrypt) May 16, 2024
Left with my 10k voucher which I'm yet to receive.
Have you received yours? pic.twitter.com/kUBdW2c27Y
NOT started out as a Telegram Mini App in January and gained the attention of the crypto community, with over 35 million people playing the viral Telegram game that was created to onboard users into the realm of Web3 on the TON blockchain.
Through the use of the Telegram app, early players of the game were able to earn Notcoin between January and April by clicking on virtual coins and finishing in-game challenges. The ratio of the in-game balance conversion is 1000:1 for all users with a connected TON wallet.
As seen by users on X (formerly known as Twitter), the viral web3 clicker gaming token Notcoin has begun trading at a fully diluted value (FDV) of $1 billion after the airdrop distribution on several exchanges.
The maximum amount of Notcoin is 102 billion, of which 3% is reserved for Binance Launchpool users and an additional 1.5% for OKX Jumpstart users.
The Notcoin team set aside 22% (22.5 billion NOT) for new users, traders, and upcoming development projects, leaving 78% for miners and NFT voucher holders. Pre-market Notcoin trading via NFTs started in March, ahead of the token generation event. By April 1, when the mining phase came to an end, nearly 800,000 NFT vouchers had been created.
As of today, a total of 72,265,851,714 tokens have been awarded to miners, and NFT voucher holders can now redeem 7,953,370,000 tokens. Through the Notcoin app, eligible users can claim the tokens and withdraw NOT on-chain.
According to CoinMarketCap, the token accumulated $294 million in trading volume in its first hour of trading. In addition, OKX and the Notcoin community have partnered to introduce the "NOT Learn and Earn Campaign," which consists of multiple social media campaigns.
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