The team of one of the largest crypto exchanges, OKX, told the editors of BeInCrypto how the development of cryptocurrency is connected and how to make money on the positive movement of Notcoin.
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What happened to Notcoin
On the morning of June 3 the price not reached $0.0289 and approached the listing levels of that happened in the middle of May. This behavior is unique for new cryptocurrencies. Most of the coins crashed after listing and recovered within months.
The volume of sales in the last 24 hours exceeded $4.7 billion, which allows NOT to overtake the largest cryptocurrencies.
The capitalization of Notcoin exceeded $2 billion, and the number of NOT holders exceeded 1.6 million, surpassing the results of SHIB (1.4 million), Bonk (731 thousand) and Pepe (235 thousand).
Why Notcoin is growing: 3 reasons
Traditionally, after listing on major centralized crypto exchanges, new coins have dropped due to the selling of early investors. The NOT path is only partially repeating the fate of other crypto projects. The coin fell in price after listing on May 16, but after a few weeks Notcoin returned to growth. There are 3 reasons for the positive dynamics of cryptocurrency.
No. 1. Continuation of the gaming mechanisms of the Notcoin application
The rapid recovery of the NOT rate was preceded by the continuation of the gaming mechanisms of the Notcoin application. But today we are not talking about “tapping” the screen, which stopped on April 1, but about interaction with other game projects.
Notcoin acts as an infrastructure to develop new games with a large and active user base. Young gaming projects use Notcoin as a platform to introduce users to their product. This happens in a game format, by completing tasks for a reward in the form of NO. This approach differentiates Notcoin’s business model from other platforms. Competitors pay rewards in tokens to the projects themselves, which means users may stumble upon unclaimed “candy wrappers” instead of real coins.
For users who send their NO to staking, additional incentives are provided: their wages are greater than those of basic level users, and the most profitable tasks are available to them. Thus, users are interested in becoming NOT holders, send them for staking and continue to earn NOT in the game format. This method supports the coin rate.
To earn more NO, you can stack some of your coins, get more Gold or Platinum levels, and complete the most expensive tasks.
No. 2. Crypto exchange support
The rapid increase in the NOT rate was also facilitated by active support from crypto exchanges, where the coin appeared on May 16. Even before listing, the exchanges implemented promotional campaigns to promote NOT in the market there is a chance to see NOT by mining or staking.
After the listing, support increased. Promotional campaigns are launched to stimulate trading activity among non-holders. For example, after the listing, OKX ran a campaign for traders “Trade and Earn” with a prize of 300,000,000 NO, and now it is launching a campaign. “Airdrop-Fest” with a prize pool of 200,000,000 NOT and 5,000 TON for active trading in NOT, TON and other pairs. OKX was also launched grid bot for trading pairs with NO futures and spot markets, and income-product for staking NO.
Those who want to earn should NOT pay attention to active trading in crypto exchanges that conduct joint promotional campaigns with Notcoin and launch various products to facilitate trading and passive income.
No. 3. Burn the plans NO
Come June burning large number of NOT, previously announced by the Notcoin team, will reduce the number of tokens in the market. Such changes traditionally support the rate and often lead to a new wave of growth.
On June 16, NO withdrawals from @notcoin_bot will be closed. The move affects coins that have not been marked by users, that is, they have not been withdrawn to another wallet, crypto exchange, or sent for staking. Some of the unclaimed tokens will be used to finance the project, and the rest will be burned.
The laziest holders can simply withdraw NOT to a third party wallet and wait for the burning effect of unclaimed coins to do its job and push the coin rate up in the bag- the height.
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