Notcoin, a play-to-earn game, has donated over 1 billion NOT tokens, worth approximately $7 million, to Telegram and its founder, Pavel Durov.In a May 17 social media post, the Telegram-based project shared a screenshot showing its donation and a message expressing its gratitude to the messaging application and its founder.“Thanks for everything you guys built, from 552568 Notcoin contributors,” the transaction description reads.This donation follows a previous one initiated by token holders in February. At the time, Notcoin wrote:“There is no shame in standing on the shoulders of giants. Pavel Durov and the Telegram team made Telegram app, set the bar for builders and created a lot of opportunities for everyone, including Notcoin. 552,586 Notcoiners were grateful and sent their 1,030,383,291,362 Notcoin to Pavel’s account.”Notcoin was launched as a Telegram Mini App in January and quickly gained popularity, amassing over 35 million players.The game allowed users to mine its in-game currency by tapping a Notcoin icon on their phones. This virtual asset was later converted into the NOT token that was airdropped to all users on May 16.Meanwhile, the NOT token airdrop was met with certain challenges, as several Bybit users reported difficulties in receiving their airdrops before the market opened.In response, Bybit CEO Ben Zhou explained that the firm received 370,000 on-chain transactions from Notcoin, which would “take quite a long time to be able to catch up all balances and reflect.” He added:“We have managed to credit 70% of you before NOTcoin market opens, we should’ve done it better. Sorry to let you all down. We will make sure to never let it happen again.”Since its launch, NOT’s value has dropped significantly, falling over 8% in the past 24 hours to $0.0068 as of press time.Oluwapelumi values Bitcoin’s potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.AJ, a passionate journalist since Yemen’s 2011 Arab Spring, has honed his skills worldwide for over a decade. Specializing in financial journalism, he now focuses on crypto reporting. Join our X community for real-time crypto news and expert insights.The stablecoin issuer is targeting Telegram’s 900 million users with its new stablecoin integration.TON’s price has surged by over 22% in the last 24 hours to a new all-time high.Telegram is the world’s fourth most popular messaging application.CEO Pavel Durov said Telegram would launch a range of decentralized cryptocurrency products, including a decentralized exchange and a non-custodial wallet.CryptoSlate’s latest market report dives deep into the effects corporate Bitcoin purchases have on the market.Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
