TON virtual currency NOTcoin, miners record profits, bottoms at around $0.0054, Whale’s Circle

TON Cryptocurrency not a cointhe brainchild of co-creator Sasha Protvinov, was launched last week on May 16th to great fanfare on major centralized exchanges – where will the coin’s price go next?

The price briefly skyrocketed, and the token entered the top 100 cryptocurrencies with a market capitalization of over $1 billion. However, two hours after the start of trading, the price fell to $0.0062.

Since then, the price has found a floor around $0.0054. Binance Exchangeafter touching a low of $0.0051.

However, considering that $NOT token holders were acquiring their stash by playing the viral clicker game on Telegram and mining the tap-to-earn tokens, the price trend is not as bad as it seems at first glance.

The mined in-game tokens were used to claim $NOT coins before trading began. Within his first 36 hours of trading, he had 5 million people claim his Notcoin.

5 million people claimed Notcoin in the first 36 hours after listing.

Deposit or stake 4 million on an exchange
1 million claims already on-chain

Market capitalization $743 million

voucher
Total of 795,000 Notcoin vouchers:

Convert 530k to Notion
264,000 pieces on the market (2.6% of total supply) pic.twitter.com/4PpPLVLI2O

— Notcoin Ø (@thenotcoin) May 17, 2024

Originally conceived as a way to introduce cryptocurrencies to the masses, $NOT’s games walk beginners through connecting a TON-compatible cryptocurrency wallet, saving a seed phrase, and clicking to get started.

With billions of tokens in the bank, so to speak, players took the opportunity to sell them at the list price of $0.009471. Trading volume in the first 24 hours reached $1.18 billion.

Google News TON Cryptocurrency NOTcoin – From crypto experiment to $500 million market cap

$TON is currently Market capitalization is $574 millionis ranked 121st out of 9,961 tokens listed on Coinmarketcap.

All of this isn’t too shabby for a coin that promised players “probably nothing” as part of its marketing message.

pic.twitter.com/f7UFqMfcik

— Notcoin Ø (@thenotcoin) February 15, 2024

Protvinov’s game wasn’t just a mindless click that seemed hypnotically soothing to some dopamine junkies seeking fame on the leaderboard. Rather, the game was primarily conceived as a way to introduce the public to how crypto networks work.

You could also earn rewards by participating in various campaigns, for example by installing the TON Space wallet. Telegram premium users also received additional rewards for various tasks and contributions.

Clicker games have become so popular that sales of mechanical clickers on e-commerce platforms eBay and Alibaba have also increased.

Enabling participation in the Notcoin phenomenon are community bots that leverage Telegram’s proven bot ecosystem to provide a user-friendly experience.

Notcoin has attracted 35 million players to its clicker game, providing a huge audience attracted to this coin.

The birth of Open Network (TON) can be traced back to the Telegram app developed by Nikolai and Pavel Durov (Pavel is the CEO of Telegram). In-game mining ended on April 1st, and claiming tokens began on Tuesday.

In addition to selling $NOT, holders can also stake it or simply “store” it in a self-custody wallet.

Since Telegram ran into regulatory issues with the U.S. Securities and Exchange Commission, the TON network has been operated by the TON Foundation, and although it is effectively the platform’s native token, it is not formally known as Telegram for governance purposes. is not linked to.

An X poll conducted in January asked community members whether $NOT should be minted and listed as a token, and unsurprisingly, 69.9% voted in favor.

Google News Binance, OKX, Bybit are among the top exchanges that list $NOT

With the dedicated cultivation of the support of crypto OG influencers and the enthusiastic support of the clicker gaming community, a coordinated launch was successfully executed at some of the top crypto trading venues.

Exchanges involved include Binance, OKX, and Bybit, which are the 1st, 3rd, and 4th ranked spot exchanges on Coinmarketcap. Bybit launch pool still has 3 days left to get it Free NOT coins.

US exchanges have avoided listing TON-based coins due to regulatory conflicts with the SEC.

For example, Coinbase does not list Toncoin or related tokens. The same goes for Kraken and Gemini.

Protvinov said the Telegram app only has about 100 million crypto-savvy users, but the number is expected to reach 1 billion by the end of the year.

Notcoin’s mission is to fill that gap by expanding the reach of cryptocurrencies by building applications that appeal to the mass market. Plotvinov’s Open Builders TON developer studio his team is currently focused on releasing more games and encouraging other developers to build on his TON network.

Telegram is a popular hub for growing crypto casinos

Telegram is showing increasing popularity and is home to many profitable services. Cryptocurrency casino platformespecially TG.Casino, Lucky Block, mega dice, both have a “kyc-free” version of the gambling business Telegram on the app. Mega Dice is currently on pre-sale and has raised over $1 million from contributors.

Notcoin is planning to reboot the clicker game, this time allowing players to directly mine $NOT coins instead of in-game tokens that need to be exchanged for $NOT during the claim process as before.

Still, now that all Notcoins have been minted and deployed, a new Play-to-Earn model is being devised.

In an encouraging move for whale buyers, Telegram post Pavel Durov He said he will hold on to the gifted $NOTcoin worth $6.8 million until its value increases 100 times.

With this support, $NOT’s trading volume continues to rise. Coinmarketcap ranks it as the 40th most traded coin. The price has now found its bottom, and there is likely to remain plenty of buyers for Knotcoin.