Notcoin Ignites Market Frenzy with OKX and Binance Listings

OKX and Binance, two leading global crypto exchanges, recently announced the Notcoin (NOT) listing on their respective platforms.

The crypto community expressed their enthusiasm following these announcements.

Will Notcoin Enhance the TON Blockchain Ecosystem?

OKX will use its platform for new crypto projects, Jumpstart, to let Toncoin (TON) holders stake their coins for NOT tokens. They have set a staking limit of 4,000 TON per participant. The staking process will start at 06:00 UTC on May 13, 2024.

Binance Launchpool has also introduced Notcoin as its 54th project. Users can farm NOT by staking BNB and First Digital USD (FDUSD). The farming will start on May 13, 2024, at 00.00 UTC.

Notcoin, a community token within the TON Blockchain, gained initial popularity from a viral tap-to-earn game on Telegram. This game has 35 million participants. It also has engaged users and introduced them to Web3 technologies.

Notcoin is now focusing on building an ecosystem. The current focus includes a gaming platform and Web3 project exploration tools.

However, the official launch date for Notcoin remains unannounced. Yet, its listings on CoinGecko and CoinMarketCap suggest the launch is imminent.

This development has positively impacted Toncoin, the TON Blockchain’s native token. Its price increased by about 11.32% in the last 24 hours, trading at $6.57 at the time of writing.

Read more: Which Are the Best Altcoins To Invest in May 2024?

Besides the much-anticipated launch of Notcoin, TON Blockchain has been making headlines lately, notably due to its partnership spree. Among the significant developments is the substantial investment from Pantera Capital. Although the amount is undisclosed, Pantera Capital claimed that TON is their “largest investment ever.”

In a recent blog post, Pantera Capital’s CEO, Dan Morehead, articulated his views on blockchain’s transformative potential—influenced partly by his interactions with Telegram founder Pavel Durov. Morehead highlighted Durov’s commitment to principles of freedom and openness, which are foundational to the Telegram platform and, by extension, to the TON Blockchain.

“We are honored to partner with people of such strong conviction. Pantera recently made the largest investment in its history in TON,” Morehead stated.

Ryan Barney, a partner at Pantera Capital, also shared his thoughts. He further explained the rationale for their TON investment.

“Telegram is a community integrating blockchain technology. That’s just got to be easier. They’ve begun rolling out a blockchain wallet to their 930 million users,” Barney outlined.

The crypto and Web3 sectors have shown increased interest in gaming-themed tokens. For instance, Binance’s listing of SAGA, a native token of layer-1 (L1) gaming blockchain Saga, attracted significant attention. Saga claimed that over $13 billion worth of BNB and FDUSD got staked within 24 hours of its launch on Binance Launchpool.

Read more: 11 Cryptos To Add To Your Portfolio Before Altcoin Season

Venture capital also continues to shape the Web3 gaming niche. Massive investments from firms like Andreessen Horowitz (a16z) in Web3 gaming projects highlight the industry’s renewed interest.