Binance, the world's top cryptocurrency exchange, is set to launch trading support for a new altcoin associated with a viral game on the crypto messaging platform Telegram.
Binance plans to roll out support for NOT, the community token for the popular Telegram-based tap-to-earn mining game Notcoin, via its Launchpool platform. This allows users to stake their coins and earn new assets.
From May 13th to 16th, Binance users will be able to farm their tokens by staking the crypto exchange platform’s native asset BNB and stablecoin First Digital USD (FDUSD) into separate pools. Can not do it.
The exchange will then list the asset on May 16th. Binance plans to add a seed tag to NOT, which the exchange will apply to illiquid projects with 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 their tokens.
Bitfinex, OKX, and other major crypto exchanges have also announced support for NOT. Bybit.
The tokens will be issued on the Open Network (TON) blockchain, which was originally developed by Telegram. The messaging platform parted ways with Chain in 2020 after a legal battle with the U.S. Securities and Exchange Commission (SEC).
In the same year, Open Network, an open source community of developers, took over control of the technology. However, TON can still be sent by Telegram's 700 million users within the platform without entering a long wallet address.
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