You Won’t Believe What Telegram Founder Did!
On May 17, Pavel Durov, founder of the instant messaging platform Telegram, expressed gratitude for a generous donation from the Notcoin project. This game-based initiative gifted Durov and his team over 1 billion Notcoin (NOT) tokens, valued at roughly $6.8 million.
Notcoin Receives Major Support from Telegram’s Durov
- The tokens came from 552,586 members of the Notcoin community.
- 203,303 earned their tokens through the game.
- This effort demonstrates the strong support from the Notcoin community.
“Half a million Notcoin users gifted me $6.8 million worth of Notcoin! Thank you. I will hold these coins until they turn to $680 million, at which point I will use them to buy more servers for Telegram,” Durov said.
Before the donation, Durov issued a statement endorsing Notcoin. He highlighted how Notcoin swiftly transitioned from an in-game currency to real money for its users.
“This amazing success story showcases how powerful the Telegram or TON ecosystems are for app developers.”
Under a separate announcement, Notcoin acknowledged the crucial role played by Durov and the Telegram team in setting high standards for developers, emphasizing the essential relationship between Telegram and the growing blockchain ecosystem.
Notcoin’s Growth and Recent Developments
- Notcoin recently distributed over 80 billion NOT tokens to game participants and held its token generation event (TGE).
- Several major crypto exchanges have listed the token.
Driven by the TON Blockchain, Notcoin gained initial popularity through its viral tap-to-earn game on Telegram, attracting 35 million participants. This game introduced users to Web3 technologies and drove significant engagement.
Current Status of NOT Token
- NOT is currently trading at $0.0068.
- This represents an 8.2% decrease from its all-time high of $0.0074.
- Notcoin has a FDV of $705.19 million and a trading volume of $434.19 million over the last 24 hours.
While the project team claims a market capitalization of around $700 million, data aggregators like CoinGecko and CoinMarketCap have yet to reflect Notcoin’s market capitalization, considering the token’s recent entry into the market.
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