Notcoin is trading on some popular exchange platforms such as Binance, OKX, and Bybit after a long period of expectation by miners and investors.
Notcoin (NOT), a meme coin created by Open Builders, a comparatively unknown group, has reportedly begun trading on prominent cryptocurrency exchanges. Binance Holdings Ltd., OKX, Bybit, Kucoin, Gate, Bitget, and Bitfinex are among these exchanges.
The initial price of Notcoin was $0.01, equating to a current market capitalization of $1 billion.
Notcoin trading begins
According to information published on its official X account, trading with Notcoin commenced at 06:00 in San Francisco, 09:00 in New York, 13:00 in London, 16:00 in Dubai, and 20:00 in Hong Kong. Consequently, more buyers and sellers can now engage in the market with relative simplicity, potentially augmenting the meme coin’s trading volume and liquidity.
Having Notcoin listed on prominent cryptocurrency exchanges such as Binance and OKX increases its exposure to a broader audience, which may assist in attracting additional investors and consumers. In essence, Notcoin could evolve from the prior description of “probably nothing” into an investment asset.
Contrary trading Notcoin was initiated following its recent debut on CoinMarketCap. Including the memecoin on this platform facilitates user monitoring of its price and associated data. Notcoin is a Web3 tap-to-earn game rapidly evolving into a premier Telegram-based ecosystem. Notcoin users can acquire additional tokens through active involvement in the referral program, which runs alongside the tap-to-earn game.
Since its debut, Notcoin has amassed over six million subscribers on its Telegram platform. More than 67.9 trillion NOT coins have been produced, of which more than 16 trillion have been irretrievably destroyed.
It is worth noting that Bybit introduced Notcoin to its pre-market trading platform in early March. Thus, Bybit customers were granted access to the meme coin prior to its listing for spot trading. Traders can purchase, sell, and exchange tokens, NOT tokens, in exchange for the USDT stablecoin on the Bybit platform. As previously disclosed in a Coinspeaker report, the TON network facilitates deposits and withdrawals for the token.
In the interim, OKX hosted a Notcoin Jumpstart Mining event earlier this week. This enabled TON token holders to stake their coins for NOT in return. Participants will have until today to stake TON to mine a fraction of the 1,283,990,271 that are not currently in the staking pool.
The trading of NOT tokens on Binance will be enabled by utilizing Bitcoin, Tether USDT, BNB, and FDUSD. In the interim, individuals have initiated NOT farming by staking BNB and FDUSD in distinct pools. The fact that Notcoin is traded on key cryptocurrency exchanges demonstrates its increasing popularity and growth.
Notcoin’s expansion and TON’s success
The rapid expansion of Notcoin can be ascribed to its achievements within the Open Network Toncoin (TON) ecosystem. The Toncoin initiative, as previously reported by Coinspeaker, has expanded to an L1 top-tier layer blockchain with a Total Value Locked (TVL) exceeding $259 million.
As of the time of writing, the Toncoin initiative had a market capitalization of $22.6 billion, making it the eighteenth-largest cryptocurrency.