OKX Launches Notcoin (NOT) on Jumpstart Mining

OKX Introduces Notcoin on Jumpstart Mining

OKX, a leading global cryptocurrency exchange, has launched Notcoin (NOT) on its Jumpstart mining platform. The commencement of the OKX Jumpstart Mining is slated for 6:00 am UTC on May 13, 2024. Token holders of TON can stake their tokens to mine NOT in return.

Staking Rules

Token holders can stake their TON to earn NOT. The amount of mineable tokens in the NOT staking pool is 1,283,990,271. The mining period runs from 6:00 am UTC on May 13, 2024, to 6:00 am UTC on May 16, 2024. There are no minimum staking requirements per person, while the maximum staking per person for TON is capped at 4,000 TON. Participants can stake and unstake at any time. Trading of the mined tokens will open on May 16, 2024.

Conditions of Participation

Participants from Mainland China, Hong Kong, and Korea are ineligible for this campaign. Users must complete identity verification to participate.

Staking Rewards Calculation

The staking rewards refer to tokens acquired by participating in OKX Jumpstart Mining, which are calculated in real-time and can be withdrawn at any time. Users' per minute rewards are calculated as the amount of their staked token divided by the total amount of staked token, multiplied by the amount of tokens released per minute.

About NOT (Notcoin)

Notcoin is a community token in Ton. It was widely distributed through a viral game on Telegram, which already had 35 million players. The current phase focuses on building an ecosystem around NOT, including a game platform and web3 projects exploration tools.

Distribution

A total of 1.25% of the tokens will be allocated for Jumpstart, while 20.75% is reserved for further airdrop and development. The majority of the tokens, 78%, have been distributed through airdrop.

Terms and Conditions

Only TON in users' funding account can be used for staking. The TON staked will be frozen but can be unstaked at any time. Unstaked TON can be seen in users' funding account. After the mining is done, any remaining TON that is staked will automatically be unstaked and unfrozen. Rewards will be automatically transferred to users' funding account within 2 hours. Sub-accounts cannot participate in this event.