Binance is thrilled to unveil its 54th project on Binance Launchpool: Notcoin (NOT). Notcoin is a community token designed to introduce users to web3 through a tap-to-earn mining mechanic. The project’s webpage is set to go live in just 24 hours, ahead of the Launchpool commencement. Users will have the opportunity to stake their BNB and FDUSD into separate pools to farm NOT tokens over a three-day period, starting from May 13th at 00:00 (UTC).

Overview of Notcoin (NOT) Launch Details

The introduction of Notcoin (NOT) as the 54th Launchpool project on Binance signifies a significant milestone in the crypto ecosystem. Scheduled for launch on May 16, 2024, at 12:00 (UTC), Notcoin boasts a maximum supply of 103 billion coins, with an initial 100% supply of 102,719,221,714 coins, highlighting the cryptocurrencies’ scalability and potential for widespread adoption.

Binance Labs’ previous investment in Notcoin underscores the project’s credibility within the crypto community. The launch mechanism involves staking BNB and FDUSD into separate pools, allowing users to farm NOT tokens over a six-day period starting from May 13th at 00:00 (UTC).

The distribution of rewards is structured with 85% allocated to BNB stakers and 15% to FDUSD stakers. Users are reminded that tokens can only be staked in one pool at a time, ensuring fairness and equal participation within the Notcoin ecosystem.

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Insights into Binance Coin (BNB) Market Dynamics

In the realm of cryptocurrencies, Binance Coin (BNB) stands as a formidable player, currently ranking No. 4 in terms of market capitalization. With a live price of $598.81, BNB demonstrates resilience and stability amidst the dynamic crypto landscape, evidenced by its 24-hour trading volume totaling $1,413,464,208.

Delving deeper into BNB’s market dynamics, its circulating supply of $147,587,088 and market cap of $88,376,634,430 underscore its substantial presence within the crypto sphere. Recent price trends reveal a commendable 5.74% increase over the past 7 days, indicative of investor confidence and positive sentiment surrounding BNB.

BNB’s recent price movements, coupled with its impressive market performance, position it as a compelling asset for both short-term traders and long-term investors alike. As the crypto landscape continues to evolve, BNB’s resilience and potential for growth remain steadfast, making it a noteworthy addition to any investor’s portfolio.

Also Read: Ex-SEC John Reed Stark Unveils How SEC Registration Aids Crypto Investors

The post Binance Announces 54th Launchpool Project Notcoin (NOT) appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am