Notcoin Donation Worth Of $6.8M Sent To Telegram’s Founder

Key Points:

• Notcoin donated 1.03 billion tokens to Telegram’s founder.
• The token’s market value is $728.38 million with a debut value of $1 billion.
• Notcoin introduces a staking mechanism and expands crypto reach.

Pavel Durov and Telegram has reportedly received the Notcoin donation of 1.03B tokens ($6.8M). Following a successful launch, Notcoin’s market value is $728.38M, with a trading volume of $294M in its first hour.

Notcoin, the gaming token, recently donated an enormous 1.03 billion Notcoin (NOT) tokens, equivalent to $6.8 million, to Telegram founder Pavel Durov and Telegram.

Massive Notcoin Donation to Telegram’s Founder

The generous act came in the wake of Notcoin’s successful launch on Binance Launchpool and OKX Jumpstart. At present, the token is in full circulation, amounting to 102,719,221,714 NOT, priced at $0.007091 each, giving it a total market value of $728.38 million.

With over 35 million users, Notcoin made a strong debut in the market, trading at a fully diluted value (FDV) of $1 billion. The token reportedly saw $294 million in trading volume within the first hour, according to CoinMarketCap.

The game, which can be accessed via the Telegram app, allowed early adopters to accumulate Notcoin from January to April by clicking on a virtual coin and completing in-game challenges.

Readmore: Pyth Grants $50 Million In PYTH To Stimulate Ecosystem Growth

Introduction of Staking Mechanism in Notcoin Ecosystem

Notcoin has a maximum supply of 102 billion, with 3% allocated to Binance Launchpool users and an additional 1.5% set aside for OKX Jumpstart users.

The project has also implemented a staking mechanism to incentivize airdrop farmers to hold their tokens. Staking is required to earn extra rewards and gain access to more lucrative staking pools based on the player’s level in the game.

The founder of Notcoin developers Open Builders, Sasha Plotvinov, expressed his pride in Notcoin’s viral growth. He emphasized how it has introduced millions to crypto and TON’s ecosystem.