Investors Stake Almost $14 Billion Notcoin On Binance Ahead Of Exchange Listings

Traders have staked over $13.7 billion price of NOT, the native token of the viral Telegram-based recreation Notcoin, on Binance forward of the token’s listings on a number of crypto exchanges.

This was after the developer Open Builders activated in-game claims for Notcoin’s roughly 35 million gamers on Could 14.

Binance Launchpool Distributing Over 4% Of Notcoin Provide

Gamers have been capable of resolve what to do with their earned NOT tokens. Awarded at a 1,000-to-1 ratio based mostly on the in-game cash mined earlier this yr, gamers might deposit their NOT to Binance, OKX, ByBit, or the Pockets app on Telegram yesterday.

Deposits can be paused at this time, because the workforce gears up for NOT’s listings on quite a few main centralized exchanges. After the itemizing, tokens holders will be capable to deposit their tokens to their self-custody wallets.

The countdown is on ⏰

Not lengthy to go earlier than staking for the $NOT #Binance Launchpool ends.

If you have not staked but, become involved beneath.

➡️ https://t.co/wv8B7j1NdT pic.twitter.com/CZwkTgLvPy

— Binance (@binance) May 15, 2024

Gamers have been additionally given the chance to stake their tokens by way of the staking reward campaigns launched by Binance and OKX on Could 13. This allowed gamers to earn a better standing stage, which is able to give them “entry to higher situations and unique tasks,” in line with an official Telegram put up.

Mixed, the exchanges will provide over 4 billion NOT tokens, making up greater than 4% of the altcoin’s whole provide. Binance will give out the biggest quantity of tokens of the 2 platforms, with over 3 billion tokens up for grabs in its Launchpool marketing campaign.

Of the $13.7 billion staked on Binance’s Launchpad, over $2.6 billion has been staked within the FDUSD pool.

NOT Exhibiting The Identical Early Success As PORTAL And PIXEL 

Traders have rushed to stake their tokens in anticipation of tomorrow’s listings, with NOT displaying the same development to these of opponents Pixels (PIXEL) and Portal (PORTAL) throughout the early levels of their respective launches. 

🍾 https://t.co/vSL8WXshPw

— Notcoin Ø (@thenotcoin) May 14, 2024

Each of those gaming tasks introduced in billions of {dollars} price of staking curiosity. Thereafter, they debuted to pretty giant market caps. PIXEL is at present valued at over $259 million, whereas PORTAL’s market cap stands at greater than $141 million.

One other GameFi crypto that’s about to launch is SPONGE V2, with greater than $19 million price of the meme coin staked and bridged. This comes amid the challenge’s enlargement into the blockchain gaming sector, with the upcoming launch of its play-to-earn racer recreation.

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