Telegram news: Notcoin, after its debut on Ton Blockchain, has a total diluted value of 1 billion dollars, with a market capitalization of 940 million dollars.
During the first hour since the token launch, a trading volume of 294 million dollars was recorded. Over 35 million users have interacted with the game, accessible through the Telegram app.
Let’s see below all the details.
The launch of the Telegram-based crypto, Notcoin, marks an important milestone in the Ton Blockchain ecosystem
As anticipated, Notcoin (NOT), a gaming token boasting a user base of over 35 million, has started trading with a fully diluted valuation (FDV) of 1 billion dollars.
This after being distributed through airdrop and on various exchange platforms. Within the first hour of trading, the token recorded a trading volume of 294 million dollars, as reported by CoinMarketCap.
Early adopters of the game, reachable through the Telegram app, have accumulated Notcoin from January to April by participating in challenges within the game. Game balances have been converted following a ratio of 1000:1, as announced in a press release.
The maximum supply of Notcoin is 102 billion, of which 3% is allocated to users of Binance Launchpool and an additional 1.5% is reserved for users of OKX Jumpstart.
The project has also introduced a staking mechanism to incentivize airdrop farmers to hold their tokens.
Staking will be necessary to “earn extra rewards” and gain access to more profitable staking pools based on the player’s level in the game. Sasha Plotvinov, founder of Open Builders, developer of Notcoin, stated:
“It has been fantastic months. We are extremely proud that the viral growth of Notcoin has introduced millions of people to cryptocurrencies and the TON ecosystem.”
Simplification of transactions with USDT and XAUt by Tether on TON through Oobit Integration
Oobit simplifies the use of USDT and XAUt by Tether on The Open Network (TON), offering merchants a smoother payment experience.
The USDT and Tether Gold (XAUt) currencies have made their entrance on TON starting from April, with XAUt anchored to the price of gold.
The total amount of USDT issued on TON exceeds 200 million dollars, and users can also send this currency through Telegram, which has over 900 million global users.
In addition to TON, USDT is available on 14 other blockchains, including Tron and Ethereum, with the recent addition to the Celo network in March. Oobit, with its Tap & Pay technology, will allow merchants to accept payments in fiat currency even when customers pay with USDT.
Paolo Ardoino, CEO of Tether, highlighted that this collaboration will make it easier and more convenient for users to make transactions with cryptocurrencies, providing banking solutions even to those who do not have access to traditional banking services.
Oobit has already released its mobile app for crypto-to-fiat in April 2022, introducing the Tap & Pay feature in September 2023. Using NFC technology, this platform has also integrated VeChain’s VET coin in March.
The partnership with Tether and TON has been described as inclusive by Oobit’s CEO, Amram Adar, who emphasized the importance of providing non-bank access to major cryptocurrencies and global payments.
Tether is expanding its operations beyond direct transactions.
Recently increased its investments in CityPay.io, a payment services provider with expansion plans in several countries in Eastern and Central Europe. This comes after making its first investment in May 2023.