Monday, July 1, 2024

Notcoin donates $7 million in tokens to Telegram and its founder Pavel Durov

Notcoin, a play-to-earn sport, has donated over 1 billion NOT tokens, price roughly $7 million, to Telegram and its founder, Pavel Durov.

In a Could 17 social media put up, the Telegram-based mission shared a screenshot exhibiting its donation and a message expressing its gratitude to the messaging software and its founder.

“Thanks for every little thing you guys constructed, from 552568 Notcoin contributors,” the transaction description reads.

This donation follows a earlier one initiated by token holders in February. On the time, Notcoin wrote:

“There is no such thing as a disgrace in standing on the shoulders of giants. Pavel Durov and the Telegram staff made Telegram app, set the bar for builders and created loads of alternatives for everybody, together with Notcoin. 552,586 Notcoiners have been grateful and despatched their 1,030,383,291,362 Notcoin to Pavel’s account.”

Notcoin was launched as a Telegram Mini App in January and shortly gained recognition, amassing over 35 million gamers.

The sport allowed customers to mine its in-game foreign money by tapping a Notcoin icon on their telephones. This digital asset was later transformed into the NOT token that was airdropped to all customers on Could 16.

Airdrop drama

In the meantime, the NOT token airdrop was met with sure challenges, as a number of Bybit customers reported difficulties in receiving their airdrops earlier than the market opened.

In response, Bybit CEO Ben Zhou defined that the agency obtained 370,000 on-chain transactions from Notcoin, which might “take fairly a very long time to have the ability to catch up all balances and replicate.” He added:

“We now have managed to credit score 70% of you earlier than NOTcoin market opens, we should always’ve finished it higher. Sorry to allow you to all down. We’ll be sure that to by no means let it occur once more.”

Since its launch, NOT’s worth has dropped considerably, falling over 8% prior to now 24 hours to $0.0068 as of press time.

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