Telegram-Based Notcoin Debuts at $1B FDV on Ton Blockchain

As a researcher with a background in blockchain technology and gaming industries, I find the recent development of Notcoin (NOT) truly fascinating. With a fully diluted value of $1 billion and a market cap of $940 million, this gaming token has quickly gained traction among crypto enthusiasts and gamers alike.

The gaming token Notcoin (NOT), which boasts over 35 million users, is now available for trade at a fully diluted valuation of one billion dollars. This was achieved through an airdrop distribution and listings on various cryptocurrency exchanges.

Within the initial hour of trading, CoinMarketCap reported that the specific token generated a trading volume of approximately $294 million.

Individuals who adopted the new game, available through Telegram, amassed notcoins between January and April by engaging with in-game activities such as clicking virtual coins and finishing tasks. A press statement announced that these balances would be converted at a rate of 1000:1.

The maximum quantity of Notcoin that can be in circulation is 102 billion. Out of this total, 3% is reserved for individuals using Binance Launchpool, while an additional 1.5% is earmarked for OKX Jumpstart participants.

The project introduces a staking system as an incentive for airdrop participants to keep their tokens. By staking, players can “reap additional benefits” and unlock access to more profitable staking pools, depending on their ranking in the game.