$3 million NOT token burn: details from the Notcoin team

The Notcoin team recently announced a $3 million Notcoin (NOT) token burn as part of efforts to manage the project's tokenomics and increase the value of the remaining tokens. However, despite this event, the NOT token did not show a significant change in its value, remaining around $0.00143.

The Notcoin team has emphasized that their tokenomics is community-oriented, which is reflected in the allocation of an additional $4.2 million to some users of the Notcoin Explore platform. This step is aimed at supporting and motivating active participants in the project ecosystem.

According to published data, 94.18% of NOT tokens have already been distributed among 11.5 million users, including traders, miners and hodlers. The remaining 5.82% of tokens are reserved for future stages of the project's development, indicating the team's long-term plans to maintain and improve the platform.

An important aspect of Notcoin’s work was the large-scale distribution of tokens through airdrop. According to the team, more than $2.5 billion was distributed to airdrop participants, which exceeds similar figures for such well-known projects as ZKsync and LayerZero combined. This demonstrates Notcoin's significant efforts to attract and retain users.

It is worth noting that recently an incident occurred in Uzbekistan related to the Notcoin project. The student was arrested for 10 days for trading NOT tokens, highlighting the complexity of regulation and legal risks associated with cryptocurrencies in some regions.

The burning of Notcoin tokens worth $3 million is a significant step for the project team, aimed at improving tokenomics and supporting the community. Despite the lack of immediate market reaction to this event, long-term strategies and user support could play an important role in Notcoin's future success. Large-scale airdrops and active distribution of tokens also indicate the team’s serious intentions to create a sustainable and attractive ecosystem.