- The Telegram Open Network (TON) has been booming throughout the past year, becoming one of the largest projects in the industry by means of total market capitalization.
- This has been attributed to its bustling ecosystem, with more developers and users turning their attention to the TON blockchain.
- Notcoin is a project that’s the existing proof of the above. Let’s see why.
Notcoin, a viral Telegram game turned cryptocurrency, is making waves in the TON blockchain ecosystem. With its unique approach and innovative features, it’s a project worth watching.
What is Notcoin (NOT)?
NOT started out as a viral Telegram game that was designed to onboard users into the realm of Web3 on the TON blockchain. It takes a very interesting approach because the project’s official website only contains a prompt to join a Telegram community, as well as links to its social media accounts and whitepaper. Notcoin’s Whitepaper is literally … a white paper – it contains 9 pages, the first one titled “Notcoin Whitepaper November 2023,” and the remaining eight are … well, blank white sheets with nothing written on them.
Notcoin’s Unique Features
The project has introduced the so-called “tap-to-earn” mining mechanic, and it appears that NOT itself is widely a community token, where users are able to earn it through:
- Discovering Web3 Products
- Participating in various games
- Adding value to the ecosystem
- Web3 developers can offer their products to the community through Notcoin campaigns.
Earlier in May, the team released another update on a feature called Notcoin Explore. It essentially allows users to explore new Web3 products and earn NOT in the process. The process is twofold: The new Web3 projects will acquire NOT from the market and add it to the campaign pool, which will then reward NOT community members who interact.
A Different Approach to Tokenomics
Many projects come up with some sort of a vesting schedule for their total supply with the aim to prevent excessive selling pressure on the day of the initial listing. True to its mysterious nature, Notcoin has taken a different approach, pushing 100% of the supply to be unlocked on day one. In essence, the total supply is 102,719,221,714 NOT tokens, and the distribution looks like this:
- Binance Launchpool: 3% of Supply
- Miners: 78% of supply
- Ecosystem Fund: 9% of supply
- Community Incentives: 5% of supply
- Development: 5% of supply
Participating in the Binance Launchpool
As you can see, 3% of the total supply is reserved for participants in the Binance Launchpool. Participating in it is extremely easy. You will need a Binance account. If you don’t have one, make sure to register using this link. From there, navigate to the top menu and hit “More.” You will see a dropdown: select the Launchpad & Launchpool option.
Conclusion
Notcoin has grown into a viral cryptocurrency, hosting almost 7 million people in its Telegram group and almost 2 million on X. The team has also stated that they will begin burning tokens from the total supply once the project goes live on-chain. Trading will start on May 16th at 12:00 UTC, when NOT will be listed on the Binance Spot exchange with the following trading pairs:
- NOT/BTC
- NOT/USDT
- NOT/BNB
- NOT/FDUSD
- NOT/TRY
