ByBit to launch Notcoin trading and withdrawals next week

News Feed - 2024-05-10 07:05:17

Helen Partz13 hours agoByBit to launch Notcoin trading and withdrawals next weekThe community is anticipating the trading launch of Notcoin, although no one knows its price at or after listing.4382 Total views10 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksNotcoin (NOT), a play-to-earn game and token integrated as a mini-app on Telegram, is trending on X amid major cryptocurrency exchanges preparing to list the token.

Crypto exchange ByBit officially announced Notcoin"s listing on its platform on May 9, immediately launching deposits. The exchange plans to launch NOT trading and withdrawals on May 16 and May 17, respectively.

ByBit mentioned that deposits and withdrawals would be available via The Open Network (TON) and that trading would be done through its automated trading tool when listed.

After adding NOT to its launch pool on May 9, the Binance exchange will also start spot trading of Notcoin on May 16. Telegram’s third-party custodial crypto wallet, Wallet, will also add NOT to its app on May 16.Source: Wallet in Telegram

Additionally, crypto exchange OKX plans to feature Notcoin at its Jumpstart Mining event on May 13, allowing holders of Toncoin (TON) to stake their TON and get rewards in NOT.

The excitement around NOT has been building up on social media, with the “#Notcoin” hashtag accumulating more than 35,000 posts on X at the time of writing.

Launched in January 2024, Notcoin is a free play-to-earn game on Telegram where users can earn rewards in the eponymous Notcoin token by simply tapping the coin icons. The NOT cryptocurrency is based on the TON blockchain and was founded by Sasha Plotvinov, founder of Open Builders, the team behind the game.

Soon after the Notcoin game launched, the clicker game went viral on Telegram, attracting millions of users despite its token—NOT—not yet trading on crypto exchanges like Binance.

According to Plotvinov, Notcoin — or “not a coin until it is” — has solved the issue of attracting Telegram users to crypto, as the app reached about 30 million users just a few months after launch.

Related:Tether’s USDT stablecoin goes live on TON blockchain

At the time of writing, the official Notcoin Community channel has more than six million subscribers on Telegram and 1.6 million followers on X. According to data from the Notcoin bot on Telegram, the game has brought 648,015 notcoiners.

“No one knows what the price of NOT will be after listing,” the Notcoin team wrote in a blog post, mentioning that the mining phase had already been completed.Source: CoinGecko

The news comes amid the TON ecosystem trend gaining momentum. On May 8, major crypto investor Pantera Capital disclosed that its strategic investment in TON was the company’s “largest investment ever.”

The Toncoin cryptocurrency has reacted to the news with a significant spike, surging from around $5.5 to almost $7. At the time of writing, TON is trading at $6.88, up around 27% over the past seven days.Toncoin (TON) 7-day trading chart. Source: CoinGecko

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