As a researcher with a background in cryptocurrencies and blockchain technology, I find the recent listing of Notcoin (NOT) on prominent crypto exchanges to be an intriguing development. The fact that it started trading on Binance Holdings Ltd, OKX, Bybit, Kucoin, Gate, Bitget, and Bitfinex is a significant milestone for this relatively unknown meme coin developed by Open Builders.
A little-known cryptocurrency project named Notcoin (NOT), which was created by a team called Open Builders, has recently become available for trading on several major crypto exchanges. Some of these exchanges include Binance, OKX, Bybit, Kucoin, Gate, Bitget, and Bitfinex.
The trading started at $0.01, which means that the current Notcoin market cap is $1 billion.
Crypto Exchanges Commence Trading with Notcoin
In the announcement made on Notcoin’s X platform, it was disclosed that Notcoin trading commenced at 6:00 AM in San Francisco, 9:00 AM in New York, 1:00 PM in London, 4:00 PM in Dubai, and 8:00 PM in Hong Kong. Consequently, a larger number of potential buyers and sellers have been drawn to the marketplace, thereby potentially boosting trading volume and enhancing liquidity for the meme coin.
Notcoin
Binance OKX Bybit Kucoin Gate Bitget Bitfinex and others
Trading opens May, 16
In San Francisco, it’s 6:00 AM. In New York, it’s 9:00 AM. At UTC (Coordinated Universal Time), it’s 12:00 PM or noon. In London, it’s 13:00 PM or 1 PM. In Prague, it’s 14:00 PM or 2 PM. In Kyiv and Moscow, it’s 15:00 PM or 3 PM. In Tehran, it’s 15:30 PM or 3:30 PM. In Dubai, it’s 16:00 PM or 4 PM. In Tashkent and Orenburg, it’s 17:00 PM or 5 PM. In Delhi, it’s 20:00 PM or 8 PM. In Hong Kong, it’s 21:00 PM or 9 PM. And in Kyoto, it’s also 21:00 PM but in a different time zone, so it’s 9 PM local Japanese time.
— Notcoin Ø (@thenotcoin) May 15, 2024
Being featured prominently on well-known cryptocurrency platforms such as Binance and OKX increases Notcoin’s exposure to a larger market. This increased visibility might draw in new investors and users, potentially transitioning Notcoin from being perceived as insignificant to a valuable investment opportunity.
The journey of Notcoin trading kicked off following its inclusion on CoinMarketCap. This listing enables users to effortlessly monitor its price and related data. Notcoin, a Web3 memecoin with a rapidly expanding Telegram community, offers an engaging tap-to-earn game. Users can amplify their token holdings by taking part in the ongoing referral program alongside the gameplay.
Approximately 6 million individuals have joined Notcoin’s Telegram community since its inception, while a total of 67.9 trillion NOT coins have been generated. Out of this massive production, around 16 trillion NOT coins have been irreversibly destroyed.
As a crypto investor, I’m excited to share that I had the opportunity to acquire Notcoin before its official listing on Bybit’s spot trading market. This was possible through their pre-market trading platform which became available earlier in March. Now, traders like myself can easily buy, sell, and trade NOT tokens against USDT on Bybit. It’s important to note that all deposits and withdrawals for this meme coin are facilitated via the TON network.
During the past week, OKX hosted a Mining Event named Jumpstart for Notcoin on their platform. This event enabled TON token holders to stake their tokens and in turn, receive NOT as rewards. The mining process is scheduled to continue until Today, allowing participants to stake TON tokens to mine a share of the 1,283,990,271 NOT tokens in the staking pool.
As an analyst, I would describe the situation for Binance as follows: I observe that Binance supports the trading of NOT tokens with the use of Bitcoin, Tether USDT, BNB, and FDUSD. Meanwhile, users are actively participating in farming NOT by staking BNB and FDUSD in separate pools. The increasing trading volume of Notcoin on major crypto exchanges indicates a growing interest and investment in this asset.
Notcoin’s Growth Linked to TON’s Success
The meteoric rise of Notcoin can be linked to its thriving presence within the Toncoin (TON) network. According to previous reports from Coinspeaker, the Toncoin initiative has advanced into a leading tier L1 blockchain, boasting over $259 million in Total Value Locked (TVL).
At present, the Toncoin project holds the 18th position among cryptocurrencies in terms of market capitalization, which is estimated to be around $22.6 billion.
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2024-05-16 15:15