Key Points:
Following these Notcoin first campaigns, Gold and Platinum users are set to receive allocations from subsequent launches. However, users should note that unstaking Notcoin and withdrawing on-chain will result in the forfeiture of Level benefits and access to the prize pool.
Notcoin, a gaming token boasting over 35 million users, has made waves by debuting with a fully diluted value (FDV) of $1 billion. Its distribution occurred through a combination of airdrops and various exchanges.
Early players engaged with the game via the Telegram app, accruing Notcoin from January to April through virtual coin clicks and in-game challenges. These in-game balances underwent conversion at a ratio of 1000:1.
Preceding the token generation event on Thursday, pre-market trading commenced in March through an NFT trading system, with nearly 800,000 NFT vouchers now convertible into NOT tokens at the same ratio via the Notcoin app.
The total NOT token supply amounts to 102.7 billion, with 78% allocated to miners and NFT voucher holders, while the remaining 22% is earmarked for new users, traders, and future development endeavors, as outlined by the Notcoin team.
Additionally, the project has implemented a staking mechanism to incentivize airdrop participants to retain their tokens. Staking is integral for earning supplementary rewards and unlocking access to more lucrative staking pools, contingent upon the player’s in-game level.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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Willemstad, Curaçao, 4th November 2024, Chainwire
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