Telegram Founder’s $7M Notcoin Donation Sparks Controversy

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As a researcher with a background in cryptocurrencies and blockchain technology, I have followed the developments surrounding Pavel Durov’s recent receipt of a significant donation in Notcoin with great interest. Given my experience in this field, I cannot help but be skeptical about this transaction.

Pavel Durov, the creator of Telegram, recently received a significant contribution amounting to $7 million in Notcoin. This news has sparked some uncertainty amongst cryptocurrency community members.

There’s been growing uneasiness within the community due to Notcoin being recently launched only about two weeks prior to the charitable contribution, coupled with its significant decline in value since then.

As an analyst, I’ve observed that in addition to their other promises, the Notcoin team intends to reward donors with a doubled contribution amount. However, some potential investors have raised concerns about the team’s transparency, citing insufficient communication as a contributing factor.

I analyzed the transaction data and discovered that a total of 1,030,383,291.36 Notcoins, equivalent to approximately 6.8 million US dollars, were transferred as donations to Pavel Durov and Telegram. I appreciate all the efforts you have put into creating this platform.

— Notcoin Ø (@thenotcoin) May 17, 2024

This morning, Pavel made approving comments about Notcoin in public, describing it as an “impressive achievement.” However, some community members have raised concerns, speculating that these compliments could be a disguised compensation for endorsement instead of a sincere expression of admiration.

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2024-05-18 03:48