Notcoin donates $7 million in tokens to Telegram and its founder Pavel Durov

Notcoin, a play-to-earn game, has donated implicit 1 cardinal NOT tokens, worthy astir $7 million, to Telegram and its founder, Pavel Durov.

In a May 17 societal media post, the Telegram-based task shared a screenshot showing its donation and a connection expressing its gratitude to the messaging exertion and its founder.

“Thanks for everything you guys built, from 552568 Notcoin contributors,” the transaction statement reads.

This donation follows a erstwhile 1 initiated by token holders successful February. At the time, Notcoin wrote:

“There is nary shame successful lasting connected the shoulders of giants. Pavel Durov and the Telegram squad made Telegram app, acceptable the barroom for builders and created a batch 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 arsenic a Telegram Mini App successful January and rapidly gained popularity, amassing implicit 35 cardinal players.

The crippled allowed users to excavation its in-game currency by tapping a Notcoin icon connected their phones. This virtual plus was aboriginal converted into the NOT token that was airdropped to each users connected May 16.

Airdrop drama

Meanwhile, the NOT token airdrop was met with definite challenges, arsenic respective Bybit users reported difficulties successful receiving their airdrops earlier the marketplace opened.

In response, Bybit CEO Ben Zhou explained that the steadfast received 370,000 on-chain transactions from Notcoin, which would “take rather a agelong clip to beryllium capable to drawback up each balances and reflect.” He added:

“We person managed to recognition 70% of you earlier NOTcoin marketplace opens, we should’ve done it better. Sorry to fto you each down. We volition marque definite to ne'er fto it hap again.”

Since its launch, NOT’s worth has dropped significantly, falling implicit 8% successful the past 24 hours to $0.0068 arsenic of property time.

The station Notcoin donates $7 cardinal successful tokens to Telegram and its laminitis Pavel Durov appeared archetypal connected CryptoSlate.