A new altcoin linked to a viral game on encrypted messaging platform Telegram hit a new all-time high this week after surging nearly 160%.
NOT is the community token of Notcoin, the popular Telegram-based tap-to-earn game that began trading on May 16 when Binance launched support for the asset through its Launchpool platform. This allows users to earn new assets by staking their coins.
Notcoin says it already has over 1.6 million on-chain holders, more than memecoins Shiba Inu (SHIB), Bonk (BONK), and Pepe (PEPE).
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 be sent by 700 million Telegram users within the platform without having to enter a wallet address.
The 80th-largest cryptocurrency asset by market capitalization is trading at $0.0127 at the time of this writing, up from $0.00489 7 days ago.
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