Yesterday (9th), both Binance and OKX announced that they will launch the Telegram game Notcoin (NOT) in their new coin mining. Binance users can participate in mining with BNB and FDUSD, while OKX provides a way to mine NOT by pledging TON.
(Brief summary:
Binance’s new Launchpool> What is the Renzo liquidity re-pledging protocol, REZ token economics? BNB once surged to $620.)
(Supplementary background:
OKX Jumpstart opens the Runecoin pledging and earning activity, RSIC•GENESIS•RUNE floor price soars by 40%.)
Table of Contents:
Details of Binance’s Notcoin launch pool
OKX Jumpstart launches Notcoin new coin mining
What is Notcoin?
BNB breaks $600
Binance, the world’s largest cryptocurrency exchange, announced last night that it has launched the 54th phase of new coin mining on its Launchpool: the Telegram mining game Notcoin based on the TON blockchain.
Users can participate in the 3-day mining activity by depositing BNB and FDUSD into the NOT mining pool on the Binance Launchpool website starting from 8:00 on May 13, 2024, Taiwan time.
At the same time, Binance will officially list the NOT token on May 16 at 20:00 and open spot trading for NOT/BTC, NOT/USDT, NOT/BNB, NOT/FDUSD, and NOT/TRY pairs, with seed tags added.
Binance also made three specific points:
Binance will be the first platform to list the NOT token. Any claims of selling the token before the specified timeline are false advertisements, and users should be cautious not to be deceived.
The initial circulating supply of NOT has not been fully distributed yet, and there may be a large influx of airdrops into the secondary market, causing price fluctuations.
The speed of users receiving airdrops will be affected by the Notcoin network and wallet users, which will further contribute to price volatility in the secondary market.
Details of Binance’s Notcoin launch pool according to the announcement are as follows:
Token Name: Notcoin (NOT)
Maximum Token Supply: 102,719,221,714 NOT
Initial Circulating Supply: 102,719,221,714 NOT (100% of the maximum token supply)
Total Mining Amount: 3,081,576,651 NOT (3% of the maximum token supply)
Smart Contract Details:
Notcoin
Restrictions: KYC required
Individual Hard Cap for Hourly Mining: BNB Mining Pool: 3,637,972 NOT; FDUSD Mining Pool: 641,995 NOT
Note: For participation in Binance Launchpool, please refer to the complete tutorial on Binance’s “New Coin Mining.”
In earlier news, OKX also announced yesterday at noon that it will launch the new coin mining activity for Notcoin on its Jumpstart platform.
The mining period for OKX’s participation in Notcoin’s new coin mining is from May 13 at 14:00 to May 16 at 16:00.
OKX will conduct mining by pledging TON tokens, with higher pledges resulting in higher returns. However, the individual pledge limit is 4,000 TON.
OKX Jumpstart does not support participation from mainland China, Hong Kong, and South Korea users.
The Notcoin launch pool on OKX has a total of 1,283,990,271 NOT tokens, accounting for 1.25% of its total supply.
What is Notcoin?
Notcoin is a viral game on Telegram that allows users to earn points by clicking on the screen through a mining mechanism, attracting numerous users to join the Web3 world.
According to previous reports by DooMoo, the token exchange rate is such that players will receive 1 NOT token if they mine 1,000 game coins, and 10,000 NOT tokens if they mine 10 million game coins.
Additionally, according to the Notcoin token economics, after listing, the tokens will be in a fully circulating state. Apart from the 22% occupied by Binance’s new coin mining launch pool, ecosystem fund, community rewards, and development fund, the remaining 78% of the tokens will be distributed to “miners” participating in the game.
Read more:
Tutorial: How to play the TON mobile mining game “Notcoin”? 470,000 players online already
BNB breaks $600
Since Binance’s new coin mining activity requires BNB or FDUSD to be deposited into the launch pool, the launch of new projects on Binance’s Launchpool has also pushed up the price of BNB multiple times.
Just after the announcement of Binance’s Notcoin new coin mining last night, the price of BNB also briefly rose to $607. However, due to the remaining 3 days before the start of mining and OKX’s announcement that TON can be used to mine NOT, BNB quickly fell back down. At the time of writing, it is $595, with a 24-hour increase of 1.07%.
The TON token price also experienced a strong surge last night, rising by 10% and reaching a high of $6.48 at one point. At the time of writing, it is $6.32, with a 24-hour increase of 6.83%.
[Related report]
What is Binance Launchpool? How to participate in “New Coin Mining”? Is the return good?
Review of the past 12 phases of Binance Launchpool: Which is more profitable, mining with BNB or FDUSD? When should you enter?
OKX is giving away money again! Jumpstart opens pledging to earn new coin “ZK” on Friday. What is the background of Polyhedra Network?