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Binance Users Stake $14 Billion for NOT Rewards

Binance Users Stake $14 Billion for NOT Rewards

Binance Users Stake $14 Billion for NOT Rewards

The NOT token of the viral Telegram-based game Notcoin will be listed on different cryptocurrency exchanges on Thursday, May 16—and ahead of the rollout, developer Open Builders opened up the in-game claim procedure for all players on Tuesday.

Some 35 million clicker game players can now decide what to do with their earned NOT tokens, distributed at a 1,000-to-1 ratio based on the in-game currencies they mined earlier this year. So, if you mine 100,000 in-game currencies, you can claim 100 NOT tokens on the Open Network (TON).

Players can deposit NOT from the game to the cryptocurrency exchanges Binance, OKX, or Bybit and the Telegram Wallet app. Deposits are accepted all day Tuesday but will be suspended on Wednesday in preparation for the token listing.

Notcoin users can also stake their tokens to get higher status levels, which “give you access to better conditions and exclusive projects,” according to an official Telegram post. On Thursday, players will also be able to withdraw NOT to a self-custody wallet.

Binance, OKX to Distribute 4 Billion NOT

Before the listing, Binance and OKX launched staking reward campaigns for NOT on Monday, allowing users of both crypto exchanges to earn a part of Notcoin tokens. The exchanges will distribute more than 4 billion NOT, representing more than 4% of the total supply.

Binance has the most to offer, with more than $3 billion NOT accessible through its Launchpool campaign, and clients are showing considerable early interest. Users have now invested around $13.7 billion worth of Binance Coin (BNB) and the FDUSD stablecoin, temporarily exceeding $14 billion on Monday.

Earlier Launchpool campaigns for gaming tokens Pixels (PIXEL) and Portal (PORTAL) drew several billion dollars in staking interest each, and both tokens debuted with large market capitalizations.

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