Telegram's Notcoin Launches with $1B Valuation on Ton Blockchain

The maximum value that Notcoin can reach amounts to $1 billion, while its present market capitalization makes up to $940 million.

In the first few hours of its launch, the token had a trading size of $294 million.

Around 35 million people have used the game, and it has been provided through the Telegram application.

Filling the market in just a few hours after entry into it, Notcoin (NOT), that has more than 35 million gamers as its users, pulled a convincing stunt in the markets by posting an FDV of $1 billion after airdrop and a debut with the exchange.

In a short little time that the token was actively traded, it suddenly gained popularity, and generated a whopping $294 million in volume, as reported by CoinMarketCap.

After diligently clicking virtual coins and completing challenges within the Telegram app-based game from January to April, early adopters saw their efforts rewarded as their in-game balances underwent a conversion at a ratio of 1000:The first point being mentioned, number 1, as quoted in the press release.

This Notcoin's deflationary supply tops at 102 billion which comprises of 3% allocated to Binance Launchpool participants and another 1% set aside for users of the platform. 5% kept for our staking program OKX Jumpstart.

Along with the token stake mechanism, the project gives airdrop farmers an opportunity to retain their tokens, making any additional rewards and access to the best stake pools based on the player's game level. Thus, this strategic move aims at aligning short-term motivations with corresponding long-term objectives for the gaming ecosystem.

"It has been very fulfilling," said Sasha Plotvinov, the CEO of Open Builders, the firm which created notcoin, displaying satisfaction with notcoin's viral nature that exposed millions of people worldwide to the crypto sphere and TON's ecosystem, he noted.