How to exchange Notcoin for vouchers
Recently, developers of the extremely popular project announced that players can exchange Notcoin tokens for NFT vouchers. Let me explain in detail how to exchange Notcoin for vouchers and sell them.
How to exchange Notcoin for vouchers: instructions
A fourth tab has appeared in the chatbot. Besides Frens, Earn, and Boosts, they added a Trade button. However, after the launch, it quickly disappeared again. It’s unclear when the option will become available again; perhaps it’s a glitch affecting a specific group of users.
But let’s get to the main point. Representatives of Notcoin introduced the option to exchange earned coins for NFT vouchers.
While the service is still pending, I’m already publishing the instructions. Keep and use instruction.
You can trade Notcoin using Notcoin Vouchers. Developers allow trading the tokens before they are released on the blockchain and obtain a price (or not).
You can issue vouchers and sell them independently. The selling price is set by each user at their own discretion on the Getgems platform. At the official market launch, the price could be zero. This should be considered if you want to buy tokens rather than sell them.
When the token hits the market, voucher holders will be able to exchange them for the corresponding amount of $NOT coins. The exact market release date is not specified yet. However, according to preliminary information, it should happen at the end of March or the beginning of April.
Step-by-step instructions on how to exchange tokens for vouchers
- Click the Trade button in the main menu (currently not working for some reason).
- Choose the denomination and quantity of vouchers you want to issue.
- Connect your TON wallet and pay the blockchain fee of $0.1 to issue the NFT voucher. It seems that this fee will be charged for each voucher.
- Within a few minutes, the voucher will arrive in your TON cryptocurrency wallet.
Afterward, you can sell the vouchers to other users on the Notcoin platform, specifically on Getgems. Currently, I’ve seen the highest bid for 10 million coins at over $200. This means a voucher for 1 million coins costs approximately $20. Additionally, it’s mentioned that a 20% fee will be charged on the proceeds from selling the voucher.
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It seems strange to me. It’s uncertain if the token will have any value at all, but developers are already making a profit from the fees for creating vouchers. Moreover, promoting the TON cryptocurrency wallet (Telegram’s crypto) is an added benefit. There’s also a fee for withdrawal. Overall, it’s a win for Notcoin founders. However, what if the token ends up having no value in the future? On the other hand, there’s demand for purchasing vouchers, as evidenced by users’ bids.
How to list vouchers for sale on Getgems
- Connect your cryptocurrency wallet to the Getgems platform and open the Notcoin Pre-Market collection.
- Set the filter to “My NFTs” and follow further instructions to list your vouchers for sale. Developers recommend having at least $1.1 worth of TON on your balance to quickly close deals. Once again, they’re encouraging the purchase of TON?
I would still recommend waiting for Notcoin to enter the market before converting your balance into tokens. Rather than converting coins into various vouchers and hoping to sell them on the market. When the Trade button starts working properly, there will be plenty of offers to buy vouchers. It’s doubtful that you’ll be able to sell them.
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