{"id":13554,"date":"2024-05-16T11:34:51","date_gmt":"2024-05-16T08:34:51","guid":{"rendered":"https:\/\/forklog.com\/en\/notcoin-co-founder-engages-community-and-announces-not-token-burn\/"},"modified":"2024-05-16T11:34:51","modified_gmt":"2024-05-16T08:34:51","slug":"notcoin-co-founder-engages-community-and-announces-not-token-burn","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/notcoin-co-founder-engages-community-and-announces-not-token-burn\/","title":{"rendered":"Notcoin Co-founder Engages Community and Announces NOT Token Burn"},"content":{"rendered":"<p>On May 16, the token of the gaming Web3 project Notcoin will be listed on major cryptocurrency exchanges: Binance, OKX, and Bybit. The coin will also be added to the Wallet, a crypto wallet integrated into Telegram.<\/p>\n<p>Prior to the opening of trading for the NOT\/USDT pair, the OKX platform launched a Learn&#038;Earn educational campaign, rewarding verified clients with Toncoin (TON) for completing quizzes.<\/p>\n<p>Simultaneously, a <a href=\"https:\/\/www.okx.com\/ru\/campaigns\/notcoin-trade-and-earn\">promotion<\/a> for traders with a prize pool of 300 million NOT has commenced. To participate, one must deposit at least 100 USDT in NOT.<\/p>\n<p>During an <span data-descr=\"ask me anything\" class=\"old_tooltip\">AMA<\/span> session for OKX users, Notcoin co-founder Alexander Plotvinov discussed the project&#8217;s upcoming plans.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Building a Gaming Ecosystem<\/strong><\/h2>\n<p>The Notcoin infrastructure will be made available to third-party game developers, facilitating the growth of a community around the ecosystem.<\/p>\n<p>All user rewards will be paid in NOT to prevent the promotion of subpar projects and exit scams focused on selling their tokens.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;We gather talented individuals, help them build a game, provide infrastructure, and allow them to transition into the game with a single click,&#8221; said Plotvinov.<\/p>\n<\/blockquote>\n<p>He emphasized that Notcoin itself does not intend to remain a simple <a href=\"https:\/\/u1f987.com\/en\/news\/notcoin-to-cease-coin-mining-in-april\">&#8220;tap game&#8221;<\/a>\u2014coins can be earned through &#8220;more intellectual actions.&#8221;<\/p>\n<p>Currently, the Notcoin team has three games in incubation. The release of the first game and a competition for indie game developers is planned for next month.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Significant NOT Token Burn<\/strong><\/h2>\n<p>Plotvinov also announced a significant burn of NOT tokens. This will affect unclaimed coins\u2014not sent to staking, exchanges, or Wallet.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;There are currently unclaimed and unlocked NOT tokens, and we don&#8217;t yet know how many people will fail to claim [their NOT]. I think we will give users about a month after the listing to claim, withdraw, or lock their tokens. What is not withdrawn or locked will be partially burned and partially placed in a fund.<\/p>\n<p>I predict this will be one of the most notable burn events, as the amount could be very large,&#8221; Plotvinov stated.<\/p>\n<\/blockquote>\n<p>Preliminary data suggests that around 2 million players have withdrawn NOT to centralized exchanges, including OKX, Bybit, and Binance. In total, approximately 10 million people have expressed interest in moving NOT to an exchange, on-chain to Wallet, or sending it to staking.<\/p>\n<p>Staking, incidentally, grants access to various promotional campaigns of Web3 projects based on TON, but does not imply passive income.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;The more NOT sent to staking, the more advantageous the promotional campaigns become and the higher the rewards for completing tasks in them,&#8221; developers explained.<\/p>\n<\/blockquote>\n<p>Currently, the total user base of Notcoin is estimated at 35 million people.<\/p>\n<p>Previously, ForkLog detailed the methods of <a href=\"https:\/\/u1f987.com\/en\/news\/notcoin-team-outlines-token-claim-methods\">claiming<\/a> and withdrawing NOT.<\/p>\n<p>Initially, the listing of NOT was planned to coincide with the Bitcoin halving and take place on <a href=\"https:\/\/u1f987.com\/en\/news\/notcoin-schedules-token-listing-to-coincide-with-bitcoin-halving\">April 20<\/a>, but developers <a href=\"https:\/\/u1f987.com\/en\/news\/notcoin-delays-listing-date\">required more time<\/a> for preparation. They also missed the new deadline of <a href=\"https:\/\/u1f987.com\/en\/news\/notcoin-founder-announces-new-listing-date\">&#8220;by the end of April&#8221;<\/a>.<\/p>\n<p>&#8220;For ease of reading token prices,&#8221; the Notcoin team conducted a <a href=\"https:\/\/u1f987.com\/en\/news\/notcoin-announces-denomination-of-balances\">denomination of balances<\/a> by three orders of magnitude.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On May 16, the token of the gaming Web3 project Notcoin will be listed on major cryptocurrency exchanges: Binance, OKX, and Bybit. The coin will also be added to the Wallet, a crypto wallet integrated into Telegram. Prior to the opening of trading for the NOT\/USDT pair, the OKX platform launched a Learn&#038;Earn educational campaign, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13553,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1398,1155,1286,1441,1291,1110],"class_list":["post-13554","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-burning","tag-games-and-gamefi","tag-listing","tag-notcoin","tag-okx","tag-web-3-0"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/13554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=13554"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/13554\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/13553"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=13554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=13554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=13554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}