Yesterday, both Binance and OKX announced that they will launch the Telegram game Notcoin (NOT) on their new coin mining platforms. Binance users can participate in mining by using BNB and FDUSD, while OKX offers the option to stake TON to mine NOT.
In terms of details, Binance has released the 54th phase of its new coin mining project on Launchpool, which is the Telegram game Notcoin based on the TON blockchain. Starting from May 13, 2024, at 8:00 Taipei time, users can participate in the 3-day mining activity by depositing BNB and FDUSD into the NOT mining pool. Additionally, Binance will officially list the NOT token on May 16 at 20:00 and enable spot trading pairs such as NOT/BTC, NOT/USDT, NOT/BNB, NOT/FDUSD, and NOT/TRY, with seed tags added.
Binance emphasized three points: it will be the first platform to list the NOT token, any claims of selling the token before the specified timeline are false advertisements and users should be cautious of being deceived; the initial circulating supply of NOT has not been fully distributed, and there may be a large influx of airdrops into the secondary market leading to price drops; the speed of users receiving airdrops will be affected by the Notcoin network and wallet users, which may further cause price volatility in the secondary market.
As for the details of the Notcoin launch pool on Binance, the token name is Notcoin (NOT), with a maximum token supply of 102,719,221,714 NOT. The initial circulating supply is also 102,719,221,714 NOT, which accounts for 100% of the maximum token supply. The total mining amount is 3,081,576,651 NOT, which is 3% of the maximum token supply. The smart contract details include the requirement of KYC and the maximum hourly mining limit for individuals using the BNB mining pool is 3,637,972 NOT, while for the FDUSD mining pool, it is 641,995 NOT.
On the other hand, OKX announced that it will launch the new coin mining activity for Notcoin on its Jumpstart platform. The mining period for OKX is from May 13 at 14:00 to May 16 at 16:00. OKX will adopt the method of staking TON tokens for mining, where the more tokens staked, the higher the rewards. However, the personal staking limit is set at 4,000 TON. It is important to note that OKX Jumpstart does not support participation from users in mainland China, Hong Kong, and South Korea. The Notcoin launch pool on OKX consists of a total of 1,283,990,271 NOT, which accounts for 1.25% of the total supply.
Notcoin is a viral game on Telegram that allows users to earn points by clicking on the screen. It has attracted many users to join the Web3 world. According to previous reports, the token exchange rate is 1,000 game coins for 1 NOT, and if one digs out 10 million game coins, they will receive 10,000 NOT. The token economics of Notcoin show that after listing, the tokens will be in a fully circulating state. Apart from the 22% occupied by Binance’s new coin mining launch pool, ecosystem fund, community rewards, and development fund, the remaining 78% of tokens will be distributed to the “miners” participating in the game.
In terms of market trends, the launch of Notcoin mining activities on Binance has led to several price increases for BNB. After the announcement, the price of BNB briefly reached $607, but due to the three-day waiting period before mining begins and the announcement by OKX that TON can also be used to mine NOT, the price of BNB quickly dropped. At the time of writing, it was $595, with a 24-hour increase of 1.07%. On the other hand, the price of TON experienced a strong surge, reaching a high of $6.48, an increase of 10%, and at the time of writing, it was $6.32, with a 24-hour increase of 6.83%.