Billionaire Telegram Founder Pavel Durov Holds $7 Million in Notcoin, Pledges to Hold Until 100x
Billionaire Telegram Founder Pavel Durov Holds $7 Million in Notcoin, Pledges to Shield Except 100x
Pavel Durov, the founding father of Telegram, has acquired a generous donation from over half of 1,000,000 gamers of the viral Telegram-primarily based clicker game called Notcoin.
The gamers donated a portion of their in-game cash to Durov as a gesture of gratitude for the messaging app that hosts the crypto game.
The donated haul has now surged in payment to millions of bucks, and Durov has acknowledged he plans to preserve onto the tokens till they expertise a 100x amplify.
Over Notcoin 552,000 Gamers Donate to Durov
In February, more than 552,000 gamers of Notcoin contributed a part of their in-game cash to Durov, ensuing in him acquiring over 1.03 billion NOT tokens.
This accounts for a little bit over 1% of the total Notcoin provide on The Begin Network (TON).
As of this writing, the payment of these tokens stands at roughly $7.3 million, even though it was a little bit decrease at $6.8 million when Durov made the announcement.
Durov, with an estimated fortune of $15.5 billion in step with Forbes, will not be any longer in dire want of the cash and has no plans to sell the tokens.
Nevertheless, he has acknowledged that if the payment of the NOT token surges to $680 million, he’s going to sell them to salvage extra servers for Telegram, extra supporting the messaging app’s infrastructure.
1,030,383,291.36 Notcoin ($6.8M USD) were despatched as donation to Pavel Durov and Telegram.
Thanks for every part you guys constructed.https://t.co/ZaBgB22yyg pic.twitter.com/8gmNjbBs3s
— Notcoin Ø (@thenotcoin) Could presumably 17, 2024
Notcoin, which launched as this three hundred and sixty five days’s ideal gaming token, debuted with a market capitalization of nearly $1.5 billion.
As will seemingly be the case with new cryptocurrencies, the payment of NOT has skilled volatility since its initiate, plummeting by 50% to its fresh label a little bit above $0.007, in step with CoinMarketCap.
No subject the decline, NOT currently ranks because the one hundred and first most precious cryptocurrency by market capitalization, amounting to $746 million.
Impressively, it gathered trading volume price over $1 billion at some point soon of the first 24 hours of its initiate.
Having briefly paused its coin-tapping gameplay in April to put collectively for the token rollout, Notcoin is determined to relaunch its crypto-incomes game.
The final design is for Notcoin to support as a platform for extra games, meaning to alter into the “Netflix of social, viral games,” as described by co-creator Sasha Plotvinov in an interview with Decrypt’s GG in April.
TON Predicament Will seemingly be Readily available Starting November
Starting in November, TON Predicament, a self-custodial wallet, could maybe be accessible to Telegram’s global consumer base without requiring any wallet registration.
This selection serves as an extension of the present custodial version of the Telegram wallet, which has already gathered three million registered customers.
Nevertheless, obvious jurisdictions, such because the US, are currently excluded from the self-custodial wallet due to the nation’s increased regulatory scrutiny and the geofencing of diverse crypto apps from the market.
The initiate of a brand new wallet comes as Telegram TON Blockchain has equipped a brand new feature that enables Telegram customers to transfer Tether (USDT).
More recently, the team overseeing The Begin Network (TON) blockchain furthermore completed its transition into a Swiss non-earnings group.
Source : cryptonews.com
