Receiving a Generous Donation from Notcoin Players
Imagine receiving a generous donation from over 552,000 players of the viral clicker game, Notcoin, which operates on the Telegram platform. This unique gesture of appreciation resulted in Telegram founder Pavel Durov acquiring over 1.03 billion NOT tokens. The value of these tokens has now reached millions of dollars, and Durov has decided to hold onto them until they increase by 100 times. Let’s delve into the details of this remarkable donation and Durov’s future plans with the tokens.
Notcoin Players Show Gratitude Towards Telegram
- In February, more than 552,000 players of Notcoin showed their gratitude towards the messaging app Telegram by donating a portion of their in-game coins to Pavel Durov.
- This act of appreciation led Durov to accumulate over 1.03 billion NOT tokens, which represents slightly over 1% of the total Notcoin supply on The Open Network (TON).
- The current value of these tokens stands at approximately $7.3 million, with Durov stating his intention to hold onto the tokens for now.
Durov’s Plans for the Tokens
- Despite having an estimated fortune of $15.5 billion according to Forbes, Durov has no immediate plans to sell the tokens he received from Notcoin players.
- If the value of the NOT token reaches $680 million, Durov intends to sell them to acquire additional servers for Telegram, enhancing the messaging app’s infrastructure.
- This donation showcases the strong community support for Telegram and the unique ways in which users are expressing their appreciation for the platform.
Notcoin’s Impact in the Cryptocurrency Market
- On its debut as this year’s largest gaming token, Notcoin entered the market with a market capitalization of nearly $1.5 billion.
- Despite experiencing volatility since its launch, with a current price slightly above $0.007, Notcoin ranks as the 101st most valuable cryptocurrency by market capitalization, totaling $746 million.
- The token garnered trading volume exceeding $1 billion within the first 24 hours of its launch, showcasing significant interest from investors and users.
Upcoming Launch of TON Space Wallet
- Starting in November, Telegram’s global user base will have access to TON Space, a self-custodial wallet that does not require wallet registration.
- This new feature complements the existing custodial version of the Telegram wallet, which has already attracted three million registered users.
- Certain jurisdictions, such as the United States, are currently excluded from the self-custodial wallet due to regulatory reasons and geofencing of crypto apps.
Transition of TON Blockchain to a Swiss Non-Profit
- Recently, The Open Network (TON) blockchain underwent a transition, becoming a Swiss non-profit organization.
- This move signifies a strategic shift in the project’s governance and operations, aligning it with the regulatory environment in Switzerland.
- Telegram users now have the ability to transfer Tether (USDT) within the TON Blockchain, expanding the utility and functionality of the platform.
Hot Take: Reflecting on Community Support and Innovations
As we examine the Notcoin donation to Pavel Durov and the upcoming developments within the TON ecosystem, it’s clear that community support plays a crucial role in the success and growth of crypto projects. The generosity of Notcoin players towards Durov exemplifies the strong bond between users and platforms in the crypto space. Additionally, the introduction of TON Space wallet and the transition of TON Blockchain to a Swiss non-profit organization showcase Telegram’s commitment to innovation and compliance with regulatory standards.
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