The team behind the gaming Web3 project Notcoin has announced a denomination of balances by three orders of magnitude “to make the token price easier to read.”
3.1 Balance conversion
In-game currency, vouchers and total supply now have 3 zeros less to make it easier to read the price of the token.
Examples (before → after)
Token price 0.0000123 → 0.0123
10M voucher → 10,000 $NOT
80 trillion in-game coins → 80 billion $NOT pic.twitter.com/uALxZaCU7D
— Notcoin Ø (@thenotcoin) April 11, 2024
The conversion affects in-game currency, vouchers, and the total token supply. For example:
- token price: $0.0000123 → $0.0123;
- 10 million NOT voucher → 10,000 NOT;
- 80 trillion in-game coins → 80 billion NOT.
The transformation will also apply to tokens already on the Bybit pre-market.
The total issuance of Notcoin amounts to 102,719,221,714 NOT. Of these, 78% — 80,219,221,714 NOT — are distributed among 35 million miners and voucher holders.
The remaining 22% of coins — 22,500,000,000 NOT — are allocated for new users, traders, listing campaigns, and further project development stages.
The exact distribution for the second category will be determined closer to the listing, scheduled for April 20. The list of exchanges has not been disclosed.
Previously, Notcoin founder Alexander Plotvinov shared the project’s plans.
Listen to the ForkLog podcast “Should Have Bought” to find out if the Notcoin team had a premine and how Pavel Durov tapped the coins.