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HomeNewsNotcoin Big Moves: Campaigns, Staking Rewards, and Price Updates

Notcoin Big Moves: Campaigns, Staking Rewards, and Price Updates

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  • Notcoin (NOT) will introduce its first products and campaigns next week, giving users more opportunities to engage and gain.
  • Allotments from these initial campaigns will go to Gold and Platinum customers. Notice that Level bonuses and prize pool access are forfeited when Notcoin is unstaked and withdrawn on-chain.

Notcoin (NOT) just revealed its future goals on X, emphasizing the impending release of its first products and campaigns scheduled for the next week. The community is buzzing over this announcement as the gaming token’s impact keeps growing.

Allocations from next releases will be given to Gold and Platinum customers. Users should exercise caution, though, as withdrawing on-chain after unstaking Notcoin may forfeit Level bonuses and entry to the prize pool.

Value and Market Introduction of Notcoin 

A gaming cryptocurrency with over 35 million players, Notcoin debuted with a $1 billion fully diluted value (FDV). The distribution showed off its robust debut into the market by combining airdrops with a number of exchanges.

Through in-game challenges and virtual coin clicks, early participants of the game earned Notcoin from January to April via the Telegram app. Converted at a 1000:1 ratio, these in-game balances gave early adopters a big payout.

NFT Vouchers and Pre-market Trading

Pre-market trading started in March using an NFT trading system, before the token generation event on Thursday. Participants now have an extra level of value as about 800,000 NFT coupons can be converted into NOT tokens at the same 1000:1 ratio through the Notcoin app.

There are 102.7 billion NOT tokens in all. Seventy-eight percent of this goes to miners and holders of NFT vouchers; twenty-two percent is set aside for new users, traders, and future growth. Through this calculated distribution, the ecosystem is to be balanced and involvement from various user groups is to be encouraged.

Mechanism of Staking and Benefits

To encourage participants of the airdrop to keep their tokens, Notcoin has put in place a staking mechanism. Staking is necessary to get more rewards and, depending on the player’s in-game rank, to access more profitable staking pools.

At the time of writing, NOT was valued at about $0.006841, up 2.53% in the previous 24 hours, according to CoinMarketCap data. Still, that is a precipitous fall of 52.67% during the previous week. Notable is this volatility when the token works through its early market phases.

Kind Contribution to Telegram

Notcoin had earlier declared a sizable donation of 1.03 billion Notcoin (NOT), or $6.8 million, to Telegram’s inventor Pavel Durov and the platform itself. With this action, Notcoin demonstrates its dedication to helping the platforms that facilitated its early expansion.

With 102,719,221,714 NOT in total circulation, Notcoin was recently concurrently launched on OKX Jumpstart and Binance Launchpool, as previously reported by ETHNews. This well-known listing has facilitated its widespread acceptance and trading activities.

Disclaimer: ETHNews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. ETHNews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
Syofri
Syofri
Syofri is an active forex and crypto trader who has been diligently writing the latest news related to the digital asset sector for the past six years. He enjoys maintaining a balance between investing, playing music, and observing how the world evolves. Business Email: info@ethnews.com Phone: +49 160 92211628
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