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Altcoin News

Notcoin Halts Token Transfers to Exchanges Until May 16

From May 16, all users can access NOT tokens for P2P selling, exchanging for TON, USDT, or BTC, and send to Telegram contacts for payments.

Written By Ronak Kumar Ronak Kumar
Published 2024-05-14·Updated 2 years ago
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Notcoin Halts Token Transfers to Exchanges Until May 16

The Notcoin team announced a temporary halt in users’ ability to send tokens to crypto exchanges, starting May 14, with the suspension lifted after the token’s listing on May 16.

⚡️ Notcoin direct deposits to exchanges will be closed tomorrow (May 14th).

The next time withdrawal options (including on-chain claim) will be opened after the listing.

Please make sure you have initiated the transfer to exchange if you want to start trading from the first…

— Not (@notcoin) May 13, 2024

Before the suspension, the Notcoin project team allocated 5% of the token’s total supply to community members and clients of cryptocurrency exchanges. One billion NOT tokens were designated for users of the Telegram wallet bot, with the campaign ending on May 25.

Starting May 16, NOT tokens will become available to all users, enabling them to sell on the P2P market or exchange for Toncoin (TON), USDT, or Bitcoin (BTC). Additionally, NOT can be sent to Telegram contacts for payments.

Last week, OKX crypto exchange recently added NOT to its Jumpstart marketplace’s launchpad, offering traders the opportunity to earn Notcoin by staking TON from May 13 to May 16.

Notcoin’s suspension of deposits indicates a focus on its imminent listing, urging users to strategize transfers for trading upon listing, highlighting its integration with Telegram, TON ecosystem, and unique earning features in web3 gaming and crypto.

Notcoin’s temporary halt in token transfers to exchanges reflects strategic planning for its listing and highlights growing interest in its ecosystem and earning potential.

Also Read: Binance Unveils Notcoin (NOT) as 54th Launchpool Project

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Ronak Kumar- Crypto Journalist at The Crypto Times
By Ronak Kumar
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Ronak Kumar is a Crypto Journalist with over 3 years of experience covering blockchain, AI, finance, and emerging digital trends. With a background in Commerce (B.Com) and a Postgraduate Diploma in Management (PGDM), he combines business insight with a clear understanding of the evolving crypto space. His reporting has been featured in major publications, with his work cited by NDTV, Hindustan Times, and Outlook India on topics like Trump Memecoin, Bhutan’s crypto mining, and Barron Trump’s digital presence.

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