LIVE
NOTcoin: crypto experiment to $500 million market cap
Co-creator Sasha Plotvinov's NOTcoin debuted on major centralized exchanges on 16 May last week to considerable excitement. Where is the coin price heading next?
After a short price increase, the token gatecrashed into the top 100 crypto with a market worth exceeding $1 billion. However, two hours into trading, the price dropped to $0.0062.
After hitting a low of $0.0051 on Binance, the price has stabilized around $0.0054.
The price movement is not as horrible as it seems since the $NOT token owners mined a tap-to-earn token by playing the viral Telegram clicker game.
The mined in-game token claimed the $NOT $NOT before exchanging. Within 36 hours, 5 million users claimed Notcoin:
$NOT's game was designed to introduce newcomers to crypto by helping them set up a TON-compatible crypto wallet, save the seed phrase, and start clicking.
Players sold for $0.009471 because they had billions of tokens in the bank. The first 24 hours saw $1.18 billion in trading.
$TON ranks 121st out of 9,961 Coinmarketcap coins with $574 million in market cap.
This is good for a coin that promised players ‘probably nothing’ in its marketing.
Joining projects like installing the TON Space wallet received incentives. Telegram premium members earned additional prizes for tasks and contributions.
The game was so popular that eBay and Alibaba sold more mechanical clickers.
Its community bot uses Telegram's bot environment to make Notcoin involvement easy.
Notcoin boasts 35 million clicker game players, giving it a captive audience.
The Telegram software, created by Nikolai and Pavel Durov (Telegram CEO), is the foundation of the Open Network (TON). After in-game mining finished on April 1, token claims began on Tuesday.
Holders may stake or ‘hodl’ NOT in their self-custody wallet in addition to selling it.
As expected, 69.9% of community members voted yes in a January X poll on minting and listing NOT as a token.
