Leading global cryptocurrency exchange Binance plans to launch trading support for a new altcoin linked to a viral game on its encrypted messaging platform Telegram.
Binance plans to launch support for NOT, the community token of popular Telegram-based tap-to-earn mining game Notcoin, through its Launchpool platform, which will allow users to stake their coins to earn new assets.
From May 13 to 16, Binance users will be able to farm NOT tokens by staking the cryptocurrency exchange platform’s native asset, BNB, and the stablecoin First Digital USD (FDUSD) in separate pools.
The exchange plans to list the asset on May 16. Binance plans to attach a seed tag to NOT, which applies to low-liquid projects that may exhibit higher volatility compared to other listed tokens.
Binance requires users who own assets with seed tags to pass a quiz every 90 days to ensure they are aware of the risks before trading the tokens.
Bitfinex, OKX, and other major cryptocurrency exchanges have also announced support for NOT. bybit.
Tokens are issued on the TON (The Open Network) blockchain, first developed by Telegram. The messaging platform separated from the chain in 2020 following a legal battle with the U.S. Securities and Exchange Commission (SEC).
Open Network, an open source developer community, took over technical management that year. However, TON can still be sent by 700 million Telegram users within the platform without having to enter a wallet address.
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