Notcoin (NOT) Launches with $1 Billion Valuation and 35 Million Users

Notcoin (NOT), a gaming token with a user base exceeding 35 million, has commenced trading with a fully diluted valuation (FDV) of $1 billion. This follows its distribution through an airdrop and listings on several exchanges. Within the first hour of trading, Notcoin saw an impressive trading volume of $300 million.

From January to April, early adopters of the game, accessible via the Telegram app, earned Notcoin by clicking on a virtual coin and completing various in-game challenges. These in-game balances were then converted at a ratio of 1000:1, according to a press release.

Notcoin has a maximum supply of 102 billion tokens, with 3% allocated to Binance Launchpool users and 1.5% reserved for OKX Jumpstart users. Additionally, the project has launched a staking mechanism to encourage airdrop recipients to retain their tokens. Staking is necessary to "earn extra rewards" and access more profitable staking pools, which are tied to the player’s game level.

“It’s been an amazing few months,” said Sasha Plotvinov, founder of Open Builders, the developers behind Notcoin. “We’re extremely proud that Notcoin’s viral growth has introduced millions to crypto and TON’s ecosystem.”