As an experienced financial analyst, I see this situation as a fascinating intersection of technology, community, and entrepreneurship. Telegram’s backing of blockchain initiatives like The Open Network (TON) has created a unique ecosystem where projects like Notcoin can thrive.
Following a recent airdrop, Notcoin users expressed gratitude to Telegram founder Pavel Durov.
Approximately 500,000 users from the play-to-earn blockchain game have collectively donated 1.03 billion Notcoins (NOT), equivalent to around $6.8 million at present prices, to Durov’s personal wallet. The message accompanying this generous contribution read, “Thank you for all that you have created.”
Durov pledged to keep the tokens and wait for their value to reach $680 million before making any further moves. He also intended to purchase additional Telegram servers to strengthen our infrastructure.
As a analyst, I would put it this way: Telegram, the popular private messaging platform, has taken a significant step into the blockchain world by supporting its development and endorsing projects like The Open Network (TON). This strategic move opens up an opportunity for web3 developers to showcase their products to Telegram’s vast user base of over 900 million people worldwide, as well as those participating in on-chain activities.
Notcoin’s launch and airdrop
In January, Notcoin utilized this functionality to debut its web3 mini application on the TON network. Users were given the opportunity to mine tokens and receive incentives by completing tasks. As reported by Durov, there is a significant surge in the development of new mini-apps on Telegram and TON.
After several months of mining and multiple postponed launches, Notcoin introduced its native cryptocurrency, NOT, into the market through an airdrop. Over 80 billion NOT tokens were distributed to early supporters. However, due to initial sales by recipients, NOT’s price experienced a significant drop of approximately 55%, according to crypto.news.
Major cryptocurrency exchanges, including Binance, OKX, and KuCoin, have provided buying support, resulting in a price surge and a reported recovery of up to 5% according to CoinMarketCap. Furthermore, NOT’s market capitalization has rebounded above $713 million.
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2024-05-17 19:54