Notcoin Generosity
Leading up to the launch of the NOT token on Thursday, users of Notcoin displayed remarkable generosity by donating a portion of their in-game coins to Pavel Durov, the founder of Telegram. This act of kindness from over 552,000 players of the viral Telegram-based clicker game has proven to be quite lucrative, as Durov now finds himself in possession of a substantial fortune worth millions of dollars.
Generous Gesture
Back in February, more than half a million users of Notcoin decided to gift a portion of their in-game currency to Durov as a token of gratitude for his role as the mastermind behind the messaging app that hosts the crypto game. This initiative, spearheaded by the Notcoin team known as Open Builders, was a heartfelt gesture aimed at showing appreciation to the innovative mind behind the platform.
Fortuitous Windfall
As a result of this collective effort, Durov now holds over 1.03 billion NOT tokens, equivalent to slightly over 1% of the total supply of Notcoin on The Open Network (TON). The current valuation of this token stash stands at a staggering $7.3 million, though it was slightly lower at $6.8 million when Durov made an announcement on an online platform earlier in the day.
Visionary Approach
Despite his already considerable wealth, estimated at $15.5 billion according to Forbes, Durov has no intentions of parting with this newfound fortune anytime soon. He has made it clear that he plans to hold onto these tokens until they see a substantial increase in value, at which point he intends to utilize the proceeds to enhance the infrastructure of Telegram by acquiring additional servers for the platform.
Notable Token Launch
The introduction of Notcoin has marked one of the most significant token launches in the gaming sector this year, with an initial market capitalization of nearly $1.5 billion. However, it is crucial to note that newly established cryptocurrencies often exhibit volatility, and the NOT token has not been immune to this trend, experiencing a 50% decrease in value post-launch and currently trading slightly above $0.007 according to CoinMarketCap.
Despite these fluctuations, NOT has managed to secure a position as the 101st most valuable cryptocurrency by market cap, with a total valuation of $746 million. Impressively, the token garnered over $1 billion in trading volume within the initial 24 hours after its debut, showcasing robust interest from investors and enthusiasts alike.
Future Prospects
Despite briefly pausing its in-game activities in April to prepare for the token launch, Notcoin intends to resume its interactive gameplay soon, with plans to evolve into a multi-faceted platform hosting a variety of games. The ultimate goal is to establish itself as the premier destination for social and viral gaming experiences, aiming to become the “Netflix of social, viral games,” as articulated by Sasha Plotvinov, one of the co-creators of Notcoin, in an interview with Decrypt’s GG back in April.
Image/Photo credit: source url