Binance Launchpool Lists Notcoin: Telegram Mining Game Ignites the MarketBinance, the world's largest cryptocurrency exchange, announced on May 9, 2024, that it will launch its 54th new coin mining project, Notcoin, on its Launchpool platform. Notcoin is a Telegram mining mini-game based on the TON blockchain
Binance Launchpool Lists Notcoin: Telegram Mining Game Ignites the Market
Binance, the world's largest cryptocurrency exchange, announced on May 9, 2024, that it will launch its 54th new coin mining project, Notcoin, on its Launchpool platform. Notcoin is a Telegram mining mini-game based on the TON blockchain. Its unique mechanism and viral spread have attracted numerous users to join the Web3 world.
The new coin mining event on Binance Launchpool will officially commence at 8:00 AM Taiwan time on May 13, 2024, lasting for three days. Users can deposit BNB or FDUSD into the Notcoin pool to participate in mining activities. Simultaneously, Binance will officially list the NOT token at 8:00 PM on May 16, and open spot trading for NOT/BTC, NOT/USDT, NOT/BNB, NOT/FDUSD, and NOT/TRY pairs, adding a seed tag.
Binance emphasizes that it will be the first platform to list the NOT token; any claims of selling the token before the stipulated timeline are false advertisements. Additionally, Binance reminds users to pay attention to the following points:
- The initial circulating supply of NOT airdrops is not yet fully distributed. Massive airdrops may flow into the secondary market in the future, potentially leading to price drops.
- Notcoin network and wallet users may affect the speed of users receiving airdrops, further causing price fluctuations in the secondary market.
What is Notcoin?
Notcoin is a mining mini-game running on the Telegram platform. Its gameplay is simple and easy to understand. Users only need to tap on the screen to earn in-game tokens. These tokens can be exchanged for NOT tokens, generating income for players.
According to previous reports by Blockdaemon, the exchange rate of Notcoin's in-game tokens to NOT tokens is 1000:1, meaning that mining 1000 in-game tokens can be exchanged for 1 NOT, and mining 10 million in-game tokens can be exchanged for 10,000 NOT.
Notcoin's tokenomics shows that its tokens will be fully circulating after listing. Aside from the 22% allocated to Binance's new coin mining launch pool, ecosystem fund, community rewards, and development fund, the remaining 78% of tokens will be distributed to "miners" participating in the game.
BNB Price Affected by Notcoin
As Binance's Notcoin new coin mining activity requires depositing BNB or FDUSD into the launch pool, the launch of Binance's new Launchpool project has pushed up BNB prices multiple times. Following Binance's announcement of the Notcoin new coin mining event, BNB prices surged to $607.
However, with three days remaining before the start of mining, and OKX also announcing that TON can be used to mine NOT, BNB prices quickly dropped back down to $595 at the time of writing, with a 1.07% increase in the past 24 hours.
TON Price Affected by Notcoin
TON prices have surged strongly since last night, rising by 10% at one point, reaching a peak of $6.48. At the time of writing, it stands at $6.32, with a 6.83% increase in the past 24 hours.
Advantages of Notcoin
As an emerging blockchain game, Notcoin has the following advantages:
- Simple gameplay, easy to learn. Users do not need complex configurations or operations; they only need to tap on the screen to mine.
- Viral spread effect. Players can invite friends to join the game and earn more rewards, driving rapid game development.
- Transparent tokenomics. Notcoin's token distribution mechanism is clear and transparent, ensuring fairness and impartiality of the project.
Challenges of Notcoin
As an emerging blockchain game, Notcoin also faces the following challenges:
- Intense market competition. There are already numerous blockchain games on the market. Notcoin needs to stand out in the fierce competition.
- Regulatory risks. As global regulations on cryptocurrencies continue to strengthen, Notcoin also needs to comply with relevant regulations.
- Security risks. Blockchain games present security risks. Notcoin needs to implement effective measures to ensure user asset safety.
Conclusion
Notcoin, a Telegram mining mini-game based on the TON blockchain, has attracted numerous users to join the Web3 world with its unique mechanism and viral spread effect. Binance, the world's largest cryptocurrency exchange, launching the Notcoin new coin mining project, will also have a certain impact on BNB and TON prices.
Notcoin's future development is worth looking forward to, but it also faces challenges such as market competition, regulatory risks, and security risks. Ultimately, whether Notcoin can succeed remains to be seen by time and the market.
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- Technical details of Notcoin: This can delve into the game's mechanism, token distribution mechanism, blockchain technology, etc.
- Community building of Notcoin: This can discuss the size of Notcoin's community, community activities, community influence, etc.
- Investment value of Notcoin: This can analyze the investment risks and returns of Notcoin, helping users make investment decisions.
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In conclusion, this article aims to provide a comprehensive and objective introduction to Notcoin and offer valuable information to users. We believe that through this article, users can better understand Notcoin and make informed investment decisions.
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