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Cryptocurrency News Articles
Binance Launches Notcoin (NOT) on Launchpool, Empowering Users to Tap into Web3 with Tap-to-Earn Mining
May 10, 2024 at 01:39 pm
Binance, the world's leading cryptocurrency exchange, launches Notcoin (NOT) on its Launchpool platform, marking its 54th project. The initiative aims to introduce users to web3 technology through its tap-to-earn mining feature. Users can farm NOT tokens by staking Binance Coin (BNB) and FDUSD, with rewards distributed based on staking amounts.
Binance Unveils Notcoin (NOT) on Binance Launchpool, Empowering Users with Web3 through Tap-to-Earn Mining
Binance, the world's leading cryptocurrency exchange, has announced the introduction of Notcoin (NOT) as its latest project on Binance Launchpool, marking its 54th project on the platform. This strategic initiative aims to bridge the gap between users and web3 technology by introducing an innovative tap-to-earn mining mechanism.
The project's website is scheduled to launch within the next 24 hours, paving the way for the commencement of Launchpool activities. Beginning May 13th at 00:00 UTC, stakeholders will have the opportunity to farm NOT tokens by staking Binance Coin (BNB) and Fantom USD (FDUSD) in separate pools over a three-day period.
Upon its official launch on May 16, 2024, Notcoin will boast a maximum supply of 103 billion coins, initially set at 102,719,221,714 coins. This substantial supply demonstrates the project's scalability and growth potential. Binance Labs' investment in Notcoin further underscores its credibility and reinforces Binance's commitment to supporting innovative projects.
Rewards for token farming will be distributed based on the amount of BNB and FDUSD staked, with a significant allocation of 85% reserved for BNB stakers. This strategic weighting reflects the pivotal role of BNB within the Binance ecosystem.
Binance Coin (BNB) currently ranks fourth among all cryptocurrencies in terms of market capitalization, with a robust price of $594.88. Its trading volume has reached an impressive $1,788,598,369, while its circulating supply stands at $147,587,032. The market capitalization of BNB has reached $87,773,087,947, signaling strong investor confidence and positioning it as an attractive asset for traders and investors alike.
The introduction of Notcoin (NOT) on Binance Launchpool aligns with Binance's long-standing commitment to fostering innovation within the cryptocurrency industry. By integrating tap-to-earn mining functionality, Binance aims to engage users with web3 technology, providing them with an accessible and rewarding path to participate in the burgeoning ecosystem.
This strategic move reinforces Binance's position as a leading force in shaping the future of cryptocurrency and web3 adoption. The integration of Notcoin on Binance Launchpool underscores the exchange's dedication to empowering users with cutting-edge technologies and enabling them to harness the transformative potential of blockchain-based solutions.
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