Top global crypto exchange Binance plans to launch trading support for a new altcoin connected to a viral game on the encrypted messaging platform Telegram.
Binance plans to roll out support for NOT, a community token for the popular Telegram-based tap-to-earn mining game Notcoin, via its Launchpool platform, which lets users stake coins to farm new assets.
Between May 13th and 16th, Binance users can stake BNB, the crypto exchange platform’s native asset, as well as the stablecoin First Digital USD (FDUSD) into separate pools to farm NOT tokens.
The exchange then plans to list the asset on May 16th. Binance will attach a seed tag to NOT, which the exchange applies to lower-liquidity projects that may exhibit higher volatility compared to other listed tokens.
Binance requires users who own assets with seed tags to pass quizzes every 90 days to ensure they’re aware of the risks before trading the tokens.
Other major crypto exchanges have also announced support for NOT, including Bitfinex, OKX and Bybit.
The token is issued on the The Open Network (TON) blockchain, which was initially developed by Telegram. The messaging platform parted ways with the chain in 2020 following a legal battle with the U.S. Securities and Exchange Commission (SEC).
The Open Network, an open-source community of developers, took over management of the technology that year.TON, however, can still be sent by Telegram’s 700 million users within the platform without entering long wallet addresses.
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