Notcoin Donates Over $7 Million Worth of Tokens

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Notcoin’s Generous Donation to Telegram

Notcoin, a play-to-earn game, recently made a remarkable gesture by donating more than 1 billion NOT tokens, valued at approximately $7 million, to Telegram and its visionary founder, Pavel Durov.

In a social media post shared on May 17, the Telegram-based project expressed its gratitude towards the popular messaging application and its founder for their impactful contributions. The post included a screenshot showcasing the substantial donation and a heartfelt message: “Thanks for everything you guys built, from 552568 Notcoin contributors.”

A Gesture of Appreciation

This act of generosity is not the first of its kind by Notcoin. In a previous gesture back in February, token holders initiated a donation, acknowledging Durov and the Telegram team for their monumental efforts. The message at the time read: “There is no shame in standing on the shoulders of giants. Pavel Durov and the Telegram team made Telegram app, set the bar for builders and created a lot of opportunities for everyone, including Notcoin. 552,586 Notcoiners were grateful and sent their 1,030,383,291,362 Notcoin to Pavel’s account.”

Notcoin, originally launched as a Telegram Mini App in January, has rapidly garnered a substantial following, attracting over 35 million players. The game’s unique concept allowed users to engage in mining activities by simply tapping a Notcoin icon on their mobile devices. This virtual currency was eventually converted into the NOT token, which was distributed to all users via an airdrop on May 16.

Airdrop Challenges and Resolutions

Despite the excitement surrounding the NOT token airdrop, there were reported challenges faced by some Bybit users who encountered difficulties in receiving their airdrops prior to the market opening. In response to these concerns, Ben Zhou, CEO of Bybit, acknowledged the issue by explaining that the platform had received a substantial number of on-chain transactions from Notcoin, leading to delays in the distribution process.

“We have managed to credit 70% of you before NOTcoin market opens, we should’ve done it better. Sorry to let you all down. We will make sure to never let it happen again,” Zhou reassured the community.

Despite initial hurdles, the NOT token’s value has experienced fluctuations, witnessing an 8% decline in value over the past 24 hours to reach $0.0068 at the time of this report.

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Chris Jones

Hey there! 👋 I'm Chris, 34 yo from Toronto (CA), I'm a journalist with a PhD in journalism and mass communication. For 5 years, I worked for some local publications as an envoy and reporter. Today, I work as 'content publisher' for InformOverload. 📰🌐 Passionate about global news, I cover a wide range of topics including technology, business, healthcare, sports, finance, and more. If you want to know more or interact with me, visit my social channels, or send me a message.
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