As a researcher with experience in the cryptocurrency market, I find Notcoin’s announcement of a temporary halt in token deposits to crypto exchanges intriguing. The team’s decision to close direct deposits on May 14 and reopen them after listing on May 16 indicates a well-planned strategy for their upcoming listing.
Starting on May 14, the Notcoin team implemented a brief pause in the capability of users transferring their tokens to cryptocurrency exchanges. This restriction was lifted once Notcoin had been successfully listed on those exchanges by May 16.
Tomorrow, May 14th, direct deposits of Notcoin to exchanges will be suspended. After the listing, withdrawal options such as on-chain claims will be the only way to access your funds. Make sure to initiate a transfer to the exchange if you plan to start trading immediately upon resumption.
— Notcoin Ø (@thenotcoin) May 13, 2024
Prior to the halt, the Notcoin team distributed 5% of the overall Notcoin token stock to community members and exchange customers. A billion NOT tokens were earmarked for Telegram wallet bot users, with the promotion concluding on May 25th.
starting May 16th, I’ll have the opportunity to get rid of my NOT tokens through peer-to-peer trading or swap them for Toncoin (TON), Tether (USDT), or Bitcoin (BTC) in the market. Furthermore, I can easily send NOT tokens to my Telegram contacts for transactions.
Last week, OKX crypto exchange introduced NOT to its Jumpstart marketplace’s launchpad, enabling traders to stake TON and earn Notcoin between May 13 and May 16.
The halt in deposit acceptances by Notcoin implies an upcoming listing, encouraging users to plan transfers for trading once it goes live. This event spotlights Notcoin’s connection to Telegram, the TON blockchain, and its distinctive earnings possibilities within web3 gaming and cryptocurrency.
As a crypto investor, I’d interpret this news from Notcoin as follows: The decision to temporarily pause token transfers from Notcoin to exchanges signifies thoughtful preparation for their upcoming listing. This move underscores the increasing buzz surrounding Notcoin’s ecosystem and the considerable earning potential it holds.
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2024-05-14 09:08