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Notcoin donates $7 million in tokens to Telegram and its founder Pavel Durov
Notcoin, a play-to-earn game, donated over 1 billion NOT tokens, worth approximately $7 million, to Telegram and its founder, Paolo Durov.
In a social media post on May 17 sendthe Telegram-based project shared a screenshot showing its donation and a message expressing its gratitude to the messaging application and its founder.
“Thank you for everything you have built, from 552568 Notcoin contributors,” the transaction description reads.
This donation follows a previous one initiated by token holders in February. Notcoin at the time he wrote:
“There is no shame in standing on the shoulders of giants. Pavel Durov and the Telegram team created the Telegram app, set the standard for builders and created many opportunities for everyone, including Notcoin. 552,586 Notcoiners were grateful and sent their 1,030,383,291,362 Notcoins to Pavel’s account.”
Notcoin launched as a Telegram mini app in January and quickly gained popularity, amassing over 35 million players.
The game allowed users to mine in-game currency by tapping the Notcoin icon on their phones. This virtual asset was later converted into the NOT token which was distributed to all users on May 16.
Airdrop drama
Meanwhile, the NOT token airdrop faced some challenges, as several Bybit users reported difficulties receiving their airdrops before the market opened.
In response, Bybit CEO Ben Zhou explained that the company received 370,000 on-chain transactions from Notcoin, which “would take a long time to get all the balances back and reflect.” He added:
“We managed to accredit 70% of you before the NOTcoin market opened, we should have done it better. I’m sorry to disappoint you all. We will make sure it never happens again.”
Since its launch, NOT’s value has declined significantly, falling more than 8% in the past 24 hours to $0.0068 at the time of writing.