Notcoin Developers Propose Withdrawal Options for NOT

The team behind the gaming Web3 project Notcoin has enabled the claiming of NOT, offering several options ahead of the listing on May 16.

⚡️ Notcoin direct deposits to exchanges will be closed tomorrow (May 14th).

The next time withdrawal options (including on-chain claim) will be opened after the listing.

Please make sure you have initiated the transfer to exchange if you want to start trading from the first…

— Notcoin Ø (@thenotcoin) May 13, 2024

Users can deposit coins on Binance, Bybit, OKX, or the Telegram-integrated Wallet directly through the app interface, gaining access at the official launch. This option is available until May 14.

The second method is staking. NOT can be locked in various Web3 projects based on The Open Network (TON). The reward amount is directly proportional to the volume of locked assets.

The Notcoin balance can also be topped up using NFT vouchers by connecting a personal wallet and initiating a transaction.

On March 8, developers opened a P2P pre-market for NOT on the Getgems platform. Users can convert their gaming balance into non-fungible tokens with denominations of 10 million and 100 million coins.

Withdrawals to non-custodial wallets will be available on the listing day.

“To avoid network and infrastructure overload, a dynamic fee in NOT is charged; if there is no significant rush, a simple transaction fee will suffice,” the announcement states.

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

Previously, the Notcoin team conducted a denomination of balances by three orders of magnitude “for easier reading of the token price.”