After being distributed in an airdrop and on many exchanges, Notcoin (NOT), a gaming token with over 35 million users, started trading at a fully diluted value (FDV) of $1 billion. According to CoinMarketCap, the coin generated $294 million in trading volume in its first hour of existence. By clicking on virtual coins and finishing in-game challenges, early players of the game—which can be accessible through the Telegram app—accumulated notcoin between January and April. A press statement states that in-game balances have been converted 1000:1.
The maximum amount of Notcoin is 102 billion, of which 3% is reserved for Binance Launchpool users and a further 1.5% for OKX Jumpstart users. A staking mechanism has also been implemented by the project to encourage airdrop farmers to hold onto their tokens. Depending on the player’s level in the game, staking will be necessary to “earn extra rewards” and obtain access to more profitable staking pools.
“It’s been an amazing few months,” said Sasha Plotvinov, founder of notcoin developers Open Builders. “We’re extremely proud that Notcoin’s viral growth has introduced millions to crypto and TON’s ecosystem.”