The price of TON soars by 11% after the publication of Notcoin.
OKX and Binance have just announced the listing of Notcoin (NOT) on their respective platforms. The crypto community has reacted enthusiastically following such announcements.
Will Bitcoin Boost the TON Blockchain Ecosystem?
According to the announcement, OKX will make use of its platform for new projects, and thus allow TON holders to lock their cryptocurrencies for NOT tokens. OKX has set a staking limit of 4,000 TON per participant. The staking process is expected to begin on May 13, 2024 at 06:00 UTC.
On the other hand, Binance Launchpool introduced NOT as its 54th project. Through this mechanism, users have the ability to farm NOT through locking BNB and First Digital USD. Exploitation will also begin on May 14, 2024 at 00:00 UTC.
Notcoin (NOT) is a community token that is within the TON blockchain. It gained popularity due to a tap-to-learn game that went viral on Telegram, with 35 million participants. The game has also managed to captivate users, making them fully immersed in Web3 technologies.
Currently, NOT is focusing on building an ecosystem, including a video game platform as well as Web3 project exploration tools. Despite these intentions, the official release date has not yet been announced.
Notwithstanding the aforementioned, its listings on CoinGecko and CoinMarketCap seem to indicate an imminent launch.
All this development has been positive for TON, whose price rose by 11.32% in the last 24 hours, trading at $6.57.
Institutional Investors Make Big Bet
The TON blockchain, in addition to announcing the launch of Notcoin, has made headlines due to its streak of partnerships, including the significant investment made by Pantera Capital.
Although the amount of money invested has not yet been revealed, Pantera Capital noted that TON is “its largest investment to date.”
Dan Morehead, CEO of Pantera Capital, blogged about his thoughts on the blockchain’s potential for transformation, based in part on his interaction with Telegram founder Pavel Durov.
Morehead ratified Durov’s commitment to principles such as freedom and openness, fundamental to the Telegram platform, and therefore also to the TON blockchain:
“We are proud and honored to partner with people with such strong beliefs. Pantera recently made the largest investment in its history with TON.”
On the other hand, Ryan Barney, partner at Pantera Capital, stated in detail the reasons for his decision to invest in TON.
“Telegram is a community that integrates blockchain technology. That has to be easier. “They have begun to deploy a blockchain wallet to their 930 million users,” Barney highlighted.
There has been increased interest from the cryptocurrency and Web3 sectors in gaming-related tokens. As an example, SAGA, which has been listed by Binance, is a native token of the Layer 1 gaming blockchain. SAGA has revealed that more than $13 billion in BNB and FDUSD were locked in the next 24 years. upon its launch via Binance Launchpool.
The Web2 gaming niche continues to take shape due to venture capital, as massive investments in video game projects by companies such as Andreessen Horowitz (a16z) highlight the industry’s renewed interest.
By Audy Castaneda
