This weekend, Ethena’s synthetic U.S. dollar stablecoin USDE reached the billion range. As of June 2, 2024, USDE has surpassed First Digital’s FDUSD stablecoin. Ethena’s Synthetic Stablecoin USDE Exceeds Billion Launched in February, the synthetic U.S. dollar stablecoin USDE, which offers yield earnings on holdings, has exceeded the billion threshold. As of […]
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FDUSD Supply Shrinks by 29% Amid Stablecoin Supply Shifts
The stablecoin market has experienced modest growth over the past two weeks, with valuations increasing by approximately 0 million. Among the top five U.S. dollar stablecoins, Ethena’s USDE saw the largest supply growth, rising 17.5%. In contrast, First Digital’s FDUSD experienced a 29% supply decrease. Stablecoin Valuations Adjust With Diverse Market Movements in May Since […]
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Notcoin: Stake BNB and FDUSD to Farm $NOT Tokens
Notcoin, a viral Telegram-based game, has successfully onboarded millions of users into the world of Web3.
This straightforward gameplay resonated with users, leading to a peak of six million daily active users and a total player base of 35 million.
This article delves into what Notcoin is, how it works, and the exciting opportunities it offers, including staking BNB and FDUSD to farm Notcoin tokens ($NOT).
In Notcoin, players earn in-game currency by tapping on a gold coin within the Telegram app. The energy required to tap the coin depletes and refills over time, preventing continuous gameplay without breaks. Players can invite friends to join the game, enhancing their experience and potentially increasing their earnings. The game features a global leaderboard, divided into tiers from Silver to Diamond, where players can see how they rank against others worldwide.
Boosts and Power-ups
To increase their earning potential, players can use various boosts or power-ups. These include daily refreshable boosts like “Full Energy” and “Turbo” boosts, as well as permanent boosts purchasable with Notcoin. These power-ups allow players to earn more coins per tap and extend their energy capacity. An Auto-Tap bot is also available, collecting coins on behalf of the player even when they are not actively playing.
Cosmetic Upgrades
Players can spend their earned Notcoin on cosmetic upgrades, changing the appearance of the game’s background or the coin they are tapping. These customizations add a fun and personalized element to the game.
The NOT Token
The excitement around Notcoin isn’t just about the game itself but also the upcoming launch of the $NOT token. The NOT token will be listed on The Open Network (TON), which was originally founded by Telegram. The total supply of $NOT is 102,719,221,714, with the entire supply expected to be in circulation upon listing.
Token Distribution and Fairness
One of the unique aspects of Notcoin is its approach to token distribution. All $NOT tokens will be awarded to players who earned Notcoin through the tap-to-earn game.
This method ensures a fair distribution, avoiding the creation of early whales typically seen in other cryptocurrency projects. While 100% circulation upon listing is planned, not all tokens will immediately enter trading, as some may remain unclaimed or locked in allocations.
Ecosystem Contributions
Notcoin encourages community participation and contribution. Players can earn $NOT by exploring Web3 products, playing new games, and adding value to the ecosystem. Additionally, Web3 builders can offer their products to the community through Notcoin campaigns, fostering a collaborative and growth-oriented environment.
Staking BNB and FDUSD to Farm $NOT
Binance has announced the listing of $NOT on its platform, providing users with the opportunity to stake BNB and FDUSD to farm Notcoin tokens. This initiative is part of Binance’s 54th Launchpool project, allowing users to earn rewards by participating in the staking pools.
Staking Details
- Farming Period: 2024-05-13 00:00 (UTC) to 2024-05-15 23:59 (UTC)
- Listing Date: 2024-05-16 12:00 (UTC)
- Trading Pairs: NOT/BTC, NOT/USDT, NOT/BNB, NOT/FDUSD, and NOT/TRY
Staking Pools and Rewards
- Stake BNB: 2,619,340,153 NOT in rewards (85%)
- Stake FDUSD: 462,236,497 NOT in rewards (15%)
Users can stake their BNB and FDUSD into separate pools to farm NOT tokens over three days. The webpage for staking will be available 24 hours before the Launchpool starts.
To participate in the Notcoin airdrop and staking, visit Binance and stake your BNB or FDUSD. Remember to do your research and ensure the safety of your funds.
- Regster on Binance
- Project Announcement: Notcoin on Binance Launchpool
- Binance Research: Notcoin Project
Binance Megadrop
In addition to staking BNB and FDUSD to earn $NOT tokens, users can also participate in Binance’s new Megadrop concept. The Binance Megadrop is designed to reward loyal BNB stakers with tokens from future projects listed on Binance Launchpool.
By staking BNB for extended periods, preferably 120+ days, users enhance their eligibility for these airdrops, gaining early access to promising new tokens and maximizing their potential rewards.
Lockup Duration (Days) | BNB Staked | Score |
---|---|---|
30 | 1 BNB | 100 |
60 | 1 BNB | 110 |
90 | 1 BNB | 120 |
120 | 1 BNB | 130 |
What is Binance Megadrop?
The Binance Megadrop allows users to stake BNB for extended periods to increase their chances of receiving airdrops from future projects. This innovative concept is aimed at rewarding loyal Binance users and providing them with early access to new tokens.
Increasing Your Chances with Binance Megadrop
By staking BNB, users not only earn $NOT tokens but also increase their chances in the Binance Megadrop. This approach allows users to benefit from both immediate rewards and long-term potential through future airdrops.
Personal Opinions and Predictions
Given the innovative nature of Notcoin and its fair distribution model, the $NOT token has significant potential. The project’s engagement strategy and large user base provide a solid foundation for future growth.
Binance will be the first platform to list the $NOT token, with trading starting on May 16, 2024. Players who earned Notcoin in the game will receive an airdrop of the real $NOT token, creating an exciting bridge between the virtual and real-world value.
Pre-market Vouchers
Before the airdrop, Notcoin introduced an NFT voucher program, allowing players with over 10 million Notcoin to convert their earnings into NFT vouchers. These vouchers can be bought, sold, or traded before the $NOT token launch, providing a speculative market for early adopters.
The Future of Notcoin
With the mining phase of the game ending on April 1, Notcoin is poised for a significant evolution. The game will return after the token launch with new gameplay mechanics and reduced rewards. Companies looking to gain exposure to Notcoin’s large audience will need to buy $NOT on the open market and use it to activate features within the game.
Potential Additions and Changes
Open Builders, the creators of Notcoin, plan to enhance the game with additional features, such as a trading bot for buying and selling crypto tokens via Telegram. The goal is to create a more visual and user-friendly interface compared to existing text-based trading bots.
Community and Ecosystem Growth
Notcoin’s model emphasizes community involvement and ecosystem growth. By allowing users to earn $NOT through various activities and encouraging Web3 builders to engage with the community, Notcoin aims to create a vibrant and sustainable ecosystem.
Opinions and Predictions
Given the innovative nature of Notcoin and its fair distribution model, the $NOT token has significant potential. The project’s engagement strategy and large user base provide a solid foundation for future growth.
Price Predictions:
- Listing ATH Price: .002 – .003
- Market Cap: 0M – 0M
As the ecosystem develops and more use cases for $NOT emerge, the token could see substantial appreciation in value.
Stablecoin Market Stabilizes at $160 Billion; FDUSD and PYUSD Lead Growth
Over the past 19 days, the stablecoin economy has stabilized with negligible growth after reaching the 0 billion threshold at April’s end. Out of the top five, FDUSD is currently the frontrunner in terms of 30-day growth, showing a 15.3% increase in supply. Stablecoin Valuation Holds Steady With Little Growth Following a period of rapid […]
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USDE and FDUSD Experience Brief Depegs Amid Saturday’s Crypto Market Shake-Up
The fifth-largest stablecoin in the crypto economy by market capitalization, Ethena’s USDE, temporarily detached from its peg on Saturday amid market declines. Data reveals that the token, designed to mirror the U.S. dollar’s value, declined to .965 each. Similarly, the market witnessed the fourth largest stablecoin, FDUSD, fall to a low of .9557 per coin. […]
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First Digital Labs to Launch FDUSD on L1 Blockchain Network Sui
The stablecoin issuer First Digital Labs has announced its intention to debut its dollar-pegged token FDUSD on the Sui network. This collaboration is described as a “strategic alliance aimed at enhancing liquidity and efficiency of transactions.” FDUSD to Integrate With Sui Blockchain First Digital Labs, the issuer and asset manager of the fourth-biggest stablecoin in […]
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FDUSD Climbs the Stablecoin Ladder, Fueled by Trading Volume and Supply Growth
Statistics indicate that the first digital usd (FDUSD), a recently introduced fiat-pegged token launched in August 2023, has risen to become the fourth-largest stablecoin based on market capitalization. Currently, FDUSD holds the fourth position in terms of 24-hour global trading volume. FDUSD Claims Fourth Spot Among Stablecoin Titans In the realm of U.S. dollar-pegged cryptocurrencies, […]
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Stablecoin Sector Swells by $1.7 Billion in February; USDC and FDUSD Lead Supply Growth
Statistics reveal that since the onset of February 2024, the stablecoin sector has experienced a significant expansion, with an increase of .7 billion in its economy. In the last 30 days, both usd coin and first digital usd witnessed their supplies jump by 9.6% and 40.3%, respectively. The Dual-Edged Sword of Stablecoin Growth As the […]
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Stablecoin Market Cap Climbs $4.85 Billion in 30 Days; USDT, USDC, FDUSD Spearhead Growth
In the past month, data reveals a significant increase in the combined market capitalization of leading stablecoins, rising from 1.71 billion to 6.56 billion. The top two stablecoins, tether and usd coin, experienced notable expansions in their supplies, with increases of 4.8% and 7.2% respectively.
Stablecoin Economy on the Rise
Over the last 30 days, the stablecoin market experienced a growth of approximately .85 billion, based on data spanning from Dec. 30, 2023, to Jan. 30, 2024. The top stablecoin by market capitalization, tether (USDT), witnessed a 4.8% increase in its supply, reaching .91 billion. Tether is now just 4.09 billion short of achieving a milestone of 100 billion tokens in circulation.
Circle’s usd coin (USDC) not only experienced a rise in supply, but its growth, at 7.2%, surpassed that of USDT in the past month. As the second-largest stablecoin by market cap, USDC now boasts a net worth of .50 billion, a climb from .71 billion just 30 days earlier. Following several months of redemptions, USDC has now observed two successive months of growth in token supply.
Over the last month, Maker’s stablecoin DAI experienced a slight decline, falling by 0.8%. Positioned as the third-largest stablecoin in terms of market valuation, the decentralized finance (defi) stablecoin, DAI, holds a market capitalization of .19 billion. Occupying the fourth spot among stablecoins, first digital usd (FDUSD) witnessed the most significant surge in supply, escalating by 42.8%. Currently, FDUSD’s market capitalization stands at .57 billion.
In fifth place is trueusd (TUSD), holding a market capitalization of approximately .47 billion. This past month, TUSD experienced a sharp decline in supply, diminishing by 30.6% over the course of 30 days. TUSD also had some stability issues with its intended dollar-peg this month dropping to the .97 range on Jan. 17 and Jan. 26, 2024.
Tron’s USDD experienced a modest increase of 1.1%, while the frax dollar (FRAX) recorded a slight decrease of 0.1%. In the past month, Paxos’ USDP witnessed a decline of 4.3%, whereas Paypal’s PYUSD achieved a notable rise of 13.6%. Meanwhile, the tenth-ranked stablecoin, alchemix usd (ALUSD), saw a decrease of 0.9%.
As we wrap up this month’s episode in the stablecoin saga, a vibrant clash of forces akin to those seen in 2023 has influenced most stablecoins beneath the top trio. USDT, USDC, and DAI have held their ground, while emerging players like FDUSD and PYUSD are ascending in the hierarchy. Meanwhile, former frontrunners such as BUSD and GUSD have dropped out of the top ten. This path, characterized by fluctuations and milestones, echoes the wider story of the evolving crypto economy.
What do you think about the stablecoin economy’s growth during the first month of 2024? Share your thoughts and opinions about this subject in the comments section below.
FDUSD Market Cap Skyrockets by $1 Billion in 2024, Clinching Top 4 Stablecoin Spot
According to statistics, the stablecoin crypto asset FDUSD has seen its market capitalization grow by billion since the start of the year. Presently, the supply stands at 2.614 billion FDUSD after witnessing a 45.7% supply increase in 30 days.
FDUSD’s Market Cap Swells from .6 Billion to .6 Billion in Just 30 Days
The newly launched FDUSD has been one of the fastest-growing stablecoins and the crypto asset’s market valuation has grown by billion since Jan. 1, 2024. As of Jan. 21, 2024, first digital usd (FDUSD) has ascended to become the fourth-largest stablecoin in terms of market capitalization, valued at .61 billion. This marks a significant rise from its .6 billion market cap on Jan. 1, as reported by coingecko.com.
Ranking below USDT, USDC, and DAI, FDUSD surpasses TUSD, USDD, and FRAX in the stablecoin hierarchy. Data indicates a notable 45.7% growth in supply since Dec. 22, 2023. Currently, 452 individual holders possess the ERC20 variant of FDUSD, the dollar-pegged token on Ethereum, which boasts 2.564 billion FDUSD as of Jan. 21. Additionally, the BNB chain has issued 49,380,678 FDUSD, according to records collected on the same day.
The BNB version of FDUSD is held by 3,545 distinct wallets. Dominating this sector, Binance holds the top three wallets for BNB-based FDUSD, commanding a significant 82.1% of the 49.38 million FDUSD minted on BNB. The top 100 holders collectively possess 99.01% of these specific BNB-minted coins. In the case of the Ethereum version, Binance maintains its dominance with control over the top three wallets, accounting for 97.48% of the total ERC20 FDUSD supply.
Both FDUSD tokens on each chain have seen very little onchain action, but FDUSD holds the sixth largest trading volume on Sunday, which means most of FDUSD’s action takes place off-chain and via order books. The ERC20 version of FDUSD has witnessed a total of 2,896 transactions while the BNB version of the stablecoin has transacted 60,747 times to date. This means a lion’s share of FDUSD’s current presence is via centralized exchanges rather than decentralized finance (defi) protocols.
What do you think about FDUSD’s market capitalization swelling to .6 Billion? Let us know what you think about this subject in the comments section below.