The Open Network (TON) is set to debut its community token, Notcoin (NOT), on OKX Jumpstart, a prominent centralized exchange platform known for hosting token launches and fundraising initiatives. This listing marks a significant step in broadening the accessibility and utility of NOT tokens within the cryptocurrency community.

Staking and Mining Details

Starting at 6:00 am UTC on May 13th, TON holders will have the opportunity to stake their coins for NOT tokens, with the mining phase scheduled to conclude at 6:00 am UTC on May 16th. A total of 1,283,990,271 NOT tokens will be available for mining during this period. Each participant can stake up to 4,000 TON to contribute to this mining effort. Following the end of the mining phase, the newly minted NOT tokens will become available for trading on May 16th.

OKX Jumpstart Mining allows participants to earn tokens as staking incentives. These tokens are valued in real-time, providing immediate utility and withdrawal options. The reward for each participant is calculated by dividing the total number of staked tokens by the tokens distributed per minute, allowing for transparent and fair distribution of mining rewards.

Token Allocation and Circulation

The total circulating supply of NOT tokens is 102,719,221,714, with the allocation distributed across several channels. Airdrops constitute the largest share at 78.00%, aimed at fostering broad distribution and community engagement. Development efforts and supplemental airdrops account for 20.75%, while 1.25% is reserved for the OKX Jumpstart program, based on the project's tokenomics strategy.

Community Engagement and Ecosystem Development

Notcoin has captured significant interest with over 35 million participants engaging in its social clicker game hosted on the messaging app Telegram. This game serves as a primary distribution method, allowing players to earn NOT by completing various tasks. The focus is now shifting towards developing a robust NOT ecosystem, which includes enhancing the gaming platform and supporting Web3 initiatives.

Recently, Notcoin announced the conclusion of the game's "mining phase" on April 1st, transitioning to prepare for an upcoming airdrop. Players must be active in the game to qualify for the airdrop, although specific details and the launch date are still under wraps, with hints being dropped on social media and by the TON Foundation.

This strategic move to list on OKX Jumpstart not only enhances the visibility of Notcoin but also integrates it into a larger framework of cryptocurrency trading and investment, promising greater liquidity and market engagement. As TON continues to expand its ecosystem, these developments are expected to attract more users and establish NOT as a key player in the digital currency landscape.