5 Issues to Know Forward of the ‘Notcoin’ Token Launch

5 Issues to Know Forward of the ‘Notcoin’ Token Launch

The Notcoin token is lastly right here—properly, virtually. After a few missed deadlines in April, the NOT token on The Open Community (TON) is about to launch in a matter of hours, with exchanges like Binance and OKX set to record the token on Might 16.

Tens of hundreds of thousands of gamers can even have the ability to declare their NOT allocations on the identical time, which suggests Notcoin is poised to be not solely one of many greatest gaming token launches of 2024, however presumably one of many greatest total crypto drops in 2024.

In case you haven’t been following the most recent updates, then there are just a few key issues that you’ll want to know, whether or not you’re planning to say your NOT tokens, buy them, or maybe attempt to earn some by way of staking campaigns. Right here’s a fast, remaining primer earlier than the Notcoin rollout.

1) Staking campaigns

Whereas there was already a considerable participant base, Notcoin additionally labored with notable crypto exchanges Binance and OKX to seed billions of NOT tokens to their respective buyer bases, maybe opening up a broader viewers of NOT holders and merchants.

However that window is closing quick. Between the 2 campaigns, greater than 4 billion NOT tokens have been supplied to customers who staked different cryptocurrencies. And Binance customers jumped arduous on the alternative, staking some $14 billion to seize a share of the rewards.

As of this writing, there are solely a few hours left to safe rewards through Binance, however a number of hours left to take action by way of OKX—so act quick in case you nonetheless can.

2) When itemizing?

Based on official Notcoin posts on Wednesday, the token will probably be listed on main exchanges at 12:00 UTC on Thursday—that’s 9am Jap.

Binance, OKX, Bybit, KuCoin, and Bitfinex are amongst those that have already introduced plans to record the token instantly. The whole provide of NOT is simply over 102.7 billion tokens, with about 80.2 billion supplied to gamers through the airdrop declare.

3) Declare your cash

In case you mined in-game cash between January and April 1, the finish of the mining section, then you’ll be able to declare your on-chain NOT tokens. Some 35 million whole gamers hopped into the Telegram-based clicker recreation, and NOT tokens are being awarded at a 1,000-to-1 dialog charge. So in case you mined 100,000 in-game cash, you’ll have 100 NOT to say.

Notcoin opened up the in-game declare course of to all gamers on Tuesday, starting with the flexibility to both switch the tokens to a centralized alternate account or stake them for future rewards and entry—extra on that in a second. On Thursday, as soon as the token has been listed, Notcoin will add the flexibility to withdraw any earned NOT to a self-custody pockets, as properly.

4) Must you stake?

For some gamers, the NOT token launch would possibly finish their deliberate journey with Notcoin. Crypto merchants “farm” airdrops on a regular basis, and this one was easy and broadly identified. However Open Builders, the group behind Notcoin, goals to maintain a few of these hundreds of thousands of customers onboard.

Once you go to say your NOT tokens, Notcoin will ask whether or not you wish to stake (or lock) your tokens inside the recreation for a interval of 30 days—which suggests you received’t have the ability to withdraw or promote them throughout that span.

However in doing so, Notcoin says that you simply’ll have the ability to “Discover & earn additional rewards” and acquire “Unique entry” to staking swimming pools primarily based in your participant degree. Retaining your tokens locked up for a month is a danger, as with all crypto determination, nevertheless it’s one that might yield future advantages in case you’re in no rush to money out and transfer on.

5) What’s subsequent?

Notcoin will carry again its coin-tapping recreation and launch a brand new sort of rewards mannequin, however there are grander ambitions forward, as Open Builders co-founder Sasha Plotvinov has shared with Decrypt’s GG.

Within the quick time period, Notcoin will carry again the acquainted recreation with the added capacity to earn actual NOT tokens as a substitute of extra in-game cash. However with all of the tokens minted and deployed, there will probably be a brand new mannequin. Initiatives and corporations will have the ability to purchase NOT in the marketplace and pay it into the sport to gas play-to-earn rewards, sharing tokens with gamers who interact with their content material.

Past that, Plotvinov shared that Notcoin goals to develop into the “Netflix of social, viral video games,” serving as a platform for third-party builders to deploy their easy, addictive video games that may probably attain a large viewers—with token rewards, in fact.

Edited by Ryan Ozawa.

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Written by bourbiza mohamed

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