Notcoin Announces Suspension on Crypto Exchanges Amid Regulatory Concerns
The Notcoin team has announced that starting today, May 14, users will no longer be able to transfer their NOT tokens to cryptocurrency exchanges. This suspension is in place until the currency’s official listing on May 16. The team announced on X, advising users to check that transfers have started on exchanges if they want to start trading from minutes of the first registration.
Before the suspension, the Notcoin project team issued 5% of all tokens issued to community members and customers on cryptocurrency exchanges and had identified one billion NOT tokens for users of the Telegram wallet bot, where the campaign ended on May 25th.
Starting May 16, NOT tokens will be available to all users, allowing them to be sold on P2P markets or exchanged for Toncoin (TON), USDT, or Bitcoin (BTC). Furthermore, payment cannot be sent to the contact via Telegram.
Last week OKX crypto exchange recently added NOT to the launchpad of its Jumpstart marketplace, giving traders the chance to acquire Notcoin by staking TON between May 13th and May 16th.
Notcoin’s deposit suspension means a focus on its upcoming listing, urging users to arrange transfers for trading on the listing, and highlighting its integration with Telegram, the TON ecosystem, and the unique benefits available in web3 games and crypto.
The temporary pause in placing tokens on exchanges reflects the planned process of its listing and underscores the growing interest in its ecosystem and liquidity potential.
Upcoming listings and marketing strategies
The next time the Notcoin (NOT) withdrawal option will be available is May 16. After the listing, the Notcoin team highlighted the importance of this date for users who want to be among the first to trade in tokens of the emphasis.
Notcoin is a web3 gaming project launched on January 1 in The Open Network (TON) ecosystem. It works as a mini-application in Telegram Messenger, allowing users to earn money with a simple tap on their phone screen. Income can be increased through many other activities.
Token distribution and availability
Earlier, the Notcoin project team announced that 5% of all tokens issued would be split between community and cryptocurrency exchange customers One billion NOT was issued to wallet bot users in Telegram, with the campaign set to end May 25.
The team also said NOT May 16 for all Available starting dates when users can sell assets on the P2P marketplace or exchange the crypto for Toncoin (TON), USDT, or Bitcoin (BTC). Additionally, the NOT can be transferred to a Telegram contact and used for payments.
Conclusion: While trading suspensions may slow short-term trading activity, they also allow stakeholders to engage in constructive and cooperative dialogue with regulators to address concerns address ideas, and chart a way forward for sustainable growth and innovation in the cryptocurrency industry.
