On Could 17, Pavel Durov, founding father of the moment messaging platform Telegram, thanked the Notcoin challenge for a beneficiant donation.
This game-based initiative gave Durov and his group over 1 billion Notcoin (NOT) tokens, valued at roughly $6.8 million.
Notcoin Features Backing from Telegram’s Durov
The tokens got here from 552,586 members of the Notcoin group. Of those, 203,303 earned their tokens via the sport. This effort reveals the robust assist from the Notcoin group.
“Half a million Notcoin users gifted me $6.8 million worth of Notcoin! Thank you. I will hold these coins until they turn to $680 million, at which point I will use them to buy more servers for Telegram,” Durov stated.
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Earlier than the donation, Durov issued an announcement supporting Notcoin. In it, he illustrated how Notcoin shortly remodeled from an in-game forex to actual cash for its customers.
“This amazing success story shows how powerful the Telegram or TON ecosystems are for app developers. Telegram offers app developers more freedom than any other platform, providing unmatched opportunities to leverage social interactions for viral distribution. TON, in turn, provides scale and flexibility for any blockchain project on top of it,” he wrote.
In a separate announcement, Notcoin acknowledged the vital position performed by Durov and the Telegram group in making a platform that set a excessive normal for builders. This recognition highlights the integral relationship between Telegram and the rising blockchain ecosystem.
Notcoin not too long ago distributed over 80 billion NOT tokens to sport members and performed its token era occasion (TGE). A number of main crypto exchanges have additionally listed the token.
Based mostly on the TON Blockchain, Notcoin gained preliminary recognition from its viral tap-to-earn sport on Telegram. This sport has attracted 35 million members thus far. Moreover, it has successfully launched customers to Web3 applied sciences and pushed important engagement.
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On the time of writing, NOT is buying and selling at $0.0068, representing an 8.2% lower from its all-time excessive of $0.0074. In line with CoinGecko knowledge, Notcoin at present has a totally diluted valuation (FDV) of $705.19 million and a buying and selling quantity of $434.19 million during the last 24 hours. Though the challenge group claims to have recorded round $700 million in market capitalization, knowledge aggregators like CoinGecko and CoinMarketCap have but to mirror Notcoin’s market capitalization, on condition that the token is comparatively new to the market.
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