Notcoin Co-founder Engages Community and Announces NOT Token Burn

On May 16, the token of the gaming Web3 project Notcoin will be listed on major cryptocurrency exchanges: Binance, OKX, and Bybit. The coin will also be added to the Wallet, a crypto wallet integrated into Telegram.

Prior to the opening of trading for the NOT/USDT pair, the OKX platform launched a Learn&Earn educational campaign, rewarding verified clients with Toncoin (TON) for completing quizzes.

Simultaneously, a promotion for traders with a prize pool of 300 million NOT has commenced. To participate, one must deposit at least 100 USDT in NOT.

During an AMA session for OKX users, Notcoin co-founder Alexander Plotvinov discussed the project’s upcoming plans.

Building a Gaming Ecosystem

The Notcoin infrastructure will be made available to third-party game developers, facilitating the growth of a community around the ecosystem.

All user rewards will be paid in NOT to prevent the promotion of subpar projects and exit scams focused on selling their tokens.

“We gather talented individuals, help them build a game, provide infrastructure, and allow them to transition into the game with a single click,” said Plotvinov.

He emphasized that Notcoin itself does not intend to remain a simple “tap game”—coins can be earned through “more intellectual actions.”

Currently, the Notcoin team has three games in incubation. The release of the first game and a competition for indie game developers is planned for next month.

Significant NOT Token Burn

Plotvinov also announced a significant burn of NOT tokens. This will affect unclaimed coins—not sent to staking, exchanges, or Wallet.

“There are currently unclaimed and unlocked NOT tokens, and we don’t yet know how many people will fail to claim [their NOT]. I think we will give users about a month after the listing to claim, withdraw, or lock their tokens. What is not withdrawn or locked will be partially burned and partially placed in a fund.

I predict this will be one of the most notable burn events, as the amount could be very large,” Plotvinov stated.

Preliminary data suggests that around 2 million players have withdrawn NOT to centralized exchanges, including OKX, Bybit, and Binance. In total, approximately 10 million people have expressed interest in moving NOT to an exchange, on-chain to Wallet, or sending it to staking.

Staking, incidentally, grants access to various promotional campaigns of Web3 projects based on TON, but does not imply passive income.

“The more NOT sent to staking, the more advantageous the promotional campaigns become and the higher the rewards for completing tasks in them,” developers explained.

Currently, the total user base of Notcoin is estimated at 35 million people.

Previously, ForkLog detailed the methods of claiming and withdrawing NOT.

Initially, the listing of NOT was planned to coincide with the Bitcoin halving and take place on April 20, but developers required more time for preparation. They also missed the new deadline of “by the end of April”.

“For ease of reading token prices,” the Notcoin team conducted a denomination of balances by three orders of magnitude.