Pavel Durov emphasized the power of the Telegram and Ton partnership. He revealed that the TON blockchain, upon which Notcoin is minted, is the only blockchain capable of providing the necessary support for such a project.
By Temitope Olatunji
Edited by Julia Sakovich
Updated
3 mins read
Notcoin, a tap-to-earn game embedded on Telegram as a mini-app, has continued to earn the interest of people within the crypto community. The crypto project’s native token, NOT, has been on a meteoric rise after getting listed last month on some major crypto exchanges.
Just a month after being listed, NOT’s value spiked by more than 1,500% and is trading at $0.022 (at the time of writing). Pavel Durov, Telegram founder, revealed in a recent statement on his community channel that a donation of $6 million worth of Notcoin he received just two weeks ago has increased fourfold in value, reaching $24 million.
Durov further discussed the coin’s growing adoption, revealing that its daily trading volume has attained a new height, with the crypto now ranking among the top five most traded cryptocurrencies globally. NOT trading volume surged to $4 billion on June 2. It was placed in the top two on major crypto exchanges such as Binance, OKX, and Bybit, leading many popular cryptocurrencies. However, the trading volume had depreciated to around $2 billion at the time of writing.
Notcoin’s integration into Telegram’s ecosystem is part of what sets it apart from other coins. The mini-app allows users to earn money simply by using the app on Telegram. This approach has allowed millions of Telegram users to profit from their engagement with the messaging app.
Pavel Durov emphasized the power of the Telegram and Ton partnership. He revealed that the TON blockchain, upon which Notcoin is minted, is the only blockchain capable of providing the necessary support for such a project.
The growth of NOT has not only captured the attention of the crypto community but also inspired a new wave of mini-app development within the Telegram space. Last month, Notcoin was recognized as the largest cryptocurrency community in the history of social media. He further expressed his pride in his platform’s role in serving people, enabling them to access financial profit through the messaging app. He also revealed that half a million users gifted him $6.8 million worth of Notcoin, which he plans to hold until it reaches $680 million, which he will use to buy more servers for Telegram. He said:
“Half a million Notcoin users gifted me $6.8 million worth of Notcoin! Thank you. I will hold these coins until they turn to $680M, at which point I will use them to buy more servers for Telegram.’
Furthermore, the team behind the project announced yesterday that it will reward early adopters who participated in the pre-market phase by providing them with additional resources as a gesture of appreciation and support.
Notcon’s successful launch and ongoing spike will encourage the emergence of more mini-apps and blockchain-based projects on Telegram as they look to replicate such success.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Temitope is a writer with more than four years of experience writing across various niches. He has a special interest in the fintech and blockchain spaces and enjoy writing articles in those areas. He holds bachelor's and master's degrees in linguistics. When not writing, he trades forex and plays video games.
