tl;dr
The Notcoin (NOT) community has burned 210 million NOT tokens, worth $3 million, in a move to reduce supply and enhance the token's value. The unclaimed tokens have been allocated for future development, burn, and distribution to Notcoin Explorers. This action has resulted in a 5% price rally for NO...
html
NOT Token Burn Spurs Positive Developments for Notcoin NOTCOIN COMMUNITY REVOLUTIONIZES TOKENOMICS
NOT, the crypto functioning atop the TON blockchain, has burned 210 million NOT tokens worth $3 million. The unclaimed tokens were divided into three groups for future development, burn, and distribution to Notcoin Explorers.
As a result of the token burn, NOT price rallied nearly 5%, currently trading at $0.01431 with a 5.86% increase over the past day. The market sentiment appears bullish, supported by increased futures open interest and a positive response to the token-burning initiative.
These tokenomics aid the NOT token in gearing up for a seamless crypto journey.
NOT PRICE SOARS
The NOT price chart shows a 5.86% upswing over the past day, reaching $0.01431. The token's 24-hour lows and highs are $0.01327 and $0.01463, respectively. Coinglass data indicates a substantial 5.60% spike in the Ton-based coin's Futures OI, underscoring new buying in the market.
Collectively, data supports a bullish outlook for Notcoin, as evidenced by its recent price movement.