📈 Notcoin (NOT) Price Soars 5% As 210M Coins Burnt, What’s Happening?
Notcoin (NOT) price rallied nearly 5% today, June 25, primarily attributable to 210 million coins incinerated, per the coin's community. Other developments and on-chain data further validate the pump.
Notcoin (NOT), the crypto functioning atop the TON blockchain, has once again marked a monumental stride. In a post shared by the crypto’s community on X today, it was brought to attention that a staggering 210 million NOT was torched. This initiative comes riding along a stockpile of other developments, splashing optimism on the coin’s future cryptographic endeavors.
NOT price rallied nearly 5% today, a positive sign of the market’s response to these developments. So, let’s take a deeper look into Notcoin’s latest endeavors.
🔸 Notcoin Community Revolutionizes Tokenomics
According to the community’s post today, $3 million worth of Notcoin, i.e., 210 million NOT, was burned. This glimmers hope for the token, killing its supply. The NOT burn tracker further confirmed this transaction.
Meanwhile, this decision comes in alignment with another broader approach, as stated by the community. To further cement the project’s foothold, the unclaimed tokens were divided into three groups after the successful listings and launch pool functions. These groups encompassed future development, burn, and distribution to Notcoin Explorers from the Gold and Platinum tiers.
While $3 million worth of NOT was burnt, $4.2 million worth of coins were allotted as an incentive for Gold and Platinum tier users. Concerning this, the community’s statement mentioned that – “94.18% is in the hands of 11.5M people, including traders, miners, stakers, etc. and 5.82% is in the treasury for the next years of development.”
These tokenomics aid the NOT token in gearing up for a seamless crypto journey.