crypto.news
Notcoin, the Telegram-based clicker game, surged 16% following a new trading pair listing for NOT, its native token, on the world’s largest crypto exchange, Binance.
At the time of writing, the token is up 10%, trading at $0.018, according to CoinMarketCap. The crypto asset is among today’s top gainers, while its market cap rose to $1.84 billion.
NOT has also experienced a 65% surge in its 24-hour trading volume, reaching $1.26 billion. However, the token is trading 37% lower than its all-time high of $0.0289, reached on June 2.
Notcoin’s recent surge comes as Binance has announced the expansion of its trading options for the NOT token with a new NOT to Brazil Real (NOT/BRL) trading pair, thereby opening doors for Brazilian traders. Users can start trading in the pair starting today at 14:00 UTC.
Notcoin’s journey began in early 2024 with a unique social clicker game hosted on Telegram. In the game, players accumulate in-game Notcoin currency by tapping a virtual golden coin.
The NOT token, which lies at the heart of Notcoin’s ecosystem, aims to be a community-centric cryptocurrency that encourages user participation in different project activities.
Participants can discover and engage with new web3 products and services, earning NOT tokens in the process. They can also take part in various games available on the Notcoin platform to gain additional rewards in NOT.
The amount of NOT tokens users can earn correlates with their in-game level; higher levels unlock access to greater reward pools.
Players can enhance their level by staking Notcoin, with their monthly staking amount determining their rank.
The Platinum level, the highest achievable, offers the greatest number of NOT tokens as rewards.
In May, Notcoin conducted its token generation event (TGE), introducing the NOT token on several leading cryptocurrency exchanges like OKX and Binance. The launch swiftly propelled Notcoin into the top 100 cryptocurrencies by market cap.
Recently, Notcoin donated over 1 billion NOT tokens, valued at $6.8 million, to Telegram and its founder, Pavel Durov. Durov has pledged to hold these tokens until they reach a market value of $680 million and plans to use the funds to expand Telegram’s server capacity.
Notcoin’s new surge comes as the global cryptocurrency market is once again in the green with a market cap that stands at $2.46 trillion.
Meanwhile, Bitcoin has also seen a slight increase in the last 24 hours, now hovering around $67,614.