Bybit lists Notcoin for pre-market trading—here’s everything you need to know

Bybit lists Notcoin for pre-market trading—here's everything you need to know
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  • This development allows Bybit’s users, which number over 26 million, the chance to engage with $NOT tokens before their official introduction to spot trading.
  • The Notcoin project reports over 32 million players with more than 5.4 million active daily users

Bybit, a crypto exchange based in the United Arab Emirates, announced the listing of the Telegram-based meme coin Notcoin ($NOT) on its Pre-Market Trading platform, as of 10:00 am UTC on Monday. 

Pre-Market Trading refers to an over-the-counter (OTC) trading platform that is tailored for the trading of new tokens prior to their official listing. This platform facilitates buyers and sellers in establishing quotes and executing trades, guaranteeing that transactions occur at the preferred price in advance.

The recent development offers Bybit’s users, which number over 26 million worldwide, the chance to engage with $NOT tokens before their official introduction to spot trading. The exchange has advised participants to stay updated on the delivery schedule to facilitate a seamless trading experience, warning of the potential risks of not adhering to the set timeline.

Notcoin has emerged as a prominent player within the Telegram ecosystem, leveraging its “tap-to-earn” gaming model to attract a substantial user base interested in Web 3.0 and GamiFi protocols. The project reports over 32 million players with more than 5.4 million active daily users. It has also seen significant engagement on social platforms, amassing 2.4 million followers on the X social platform since its inception in December of the previous year.

How do you play?

The ecosystem has issued a total of 67.9 trillion NOT coins, with about 16 trillion tokens being permanently burned as part of its efforts to manage the coin’s supply. Moreover, players engage with the Notcoin game by tapping on their screens to earn tokens, with opportunities to gain additional tokens through in-game boosts, task completion, and an ongoing referral program. This setup not only encourages active participation but also fosters community growth through new user onboarding from different Telegram channels and groups. 

Earlier this month, Notcoin introduced a feature allowing elite players to convert significant amounts of in-game currency into NFT vouchers, which can be traded prior to the official release of their tokens. Players have the option to trade either 10 million or 100 million in-game coins for a voucher.

This voucher can then be used to claim NOT tokens once they become available on the blockchain. This strategy enables cryptocurrency enthusiasts to speculate on Notcoin’s future value before its highly anticipated token generation event. As of now, vouchers that equate to 10 million in-game coins are being sold for approximately $25 in Toncoin (TON) on the GetGems marketplace.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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Damilola Lawrence

Damilola is a crypto enthusiast, content writer, and journalist. When he is not writing, he spends most of his time reading and keeping tabs on exciting projects in the blockchain space. He also studies the ramifications of Web3 and blockchain development to have a stake in the future economy.

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