In the digital realm of cryptocurrency gaming, Notcoin’s user base showed remarkable generosity ahead of the anticipated launch of the NOT token last Thursday. A substantial number of participants, exceeding half a million, from the popular clicker game on Telegram took the initiative to donate a portion of their in-game assets to Pavel Durov, the founder of Telegram. The gesture has now translated into a multi-million dollar boon, with Durov expressing his intention to retain these assets in anticipation of a significant uptick in value.
The contribution, made by more than 552,000 players back in February, was part of a commendatory initiative by the Notcoin team, known as Open Builders. This was to acknowledge Durov for the pivotal messaging application that has become a crucial infrastructure for the crypto gaming community. As a result, Durov found himself in possession of over 1.03 billion NOT tokens, equating to a little more than 1% of Notcoin’s total supply circulating on The Open Network (TON). The value of this generous donation stands at approximately $7.3 million at present, marking a slight increase from $6.8 million noted in Durov’s recent update.
Despite Durov’s sizable $15.5 billion fortune, as estimated by Forbes, he has opted not to liquidate his holdings. Instead, he harbors plans to further bolster Telegram’s infrastructure should the NOT token experience a surge in its valuation. “Half a million Notcoin users gifted me $6.8 million worth of Notcoin! Thank you,” Durov conveyed through a message on Telegram, laying out his vision to enhance the platform’s server capabilities once the tokens’ value escalates to a target figure.
This year, Notcoin emerged as the most significant gaming token launch, debuting with a near $1.5 billion market capitalization early Thursday. However, amidst the often volatile nature of new cryptocurrencies, NOT experienced a sharp depreciation, plummeting by 50% to just over $0.007, as reported by CoinMarketCap. Regardless, with NOT positioned as the 101st most valuable cryptocurrency by market cap at $746 million and generating over $1 billion in trading volume within its first day, the token has marked its presence in the competitive crypto space.
April saw a temporary halt in Notcoin’s coin-tapping gameplay as preparations for the token rollout were underway. The game’s relaunch is poised to not only reintroduce its unique crypto-earning mechanism but also set the stage for an array of additional gaming experiences. The ambition is to mold Notcoin into the ‘Netflix of social, viral games,’ as co-creator Sasha Plotvinov shared with Decrypt’s GG earlier this campaign season. This development highlights a significant stride towards broadening the horizon of cryptocurrency-enabled gaming ventures.