What is Notcoin (NOT) on the TON chain?
As an emerging blockchain platform, the Ton chain (Telegram Open Network) has attracted much attention since its launch. Among them, Notcoin (NOT for short), as a cryptocurrency on the Ton chain, has attracted the attention of a wide range of markets and investors.
Basic Introduction of Notcoin (NOT)
Notcoin is a native cryptocurrency on the Ton chain, designed to support and promote the development and operation of the Ton chain ecosystem. The Ton chain itself is designed as a high-performance, low-cost and highly secure blockchain platform, providing an open and innovative blockchain infrastructure for users and developers. As the main transaction currency on the Ton chain, Notcoin plays an important role in promoting network transactions and governance.
Technical features and mining mechanism
Notcoin uses the Proof of Stake (PoS) consensus mechanism, which means that holders can participate in the network's security verification and transaction confirmation process by holding and locking a certain amount of Notcoin. The PoS mechanism not only improves the efficiency and security of the network, but also reduces energy consumption and is more environmentally friendly.
Applications and ecosystem on the Ton chain
As the native currency of the Ton chain, Notcoin can be used to pay transaction fees, participate in governance voting, and incentivize developers and participants. Its wide application on the Ton chain includes but is not limited to the execution of smart contracts, the development and operation of decentralized applications (DApps), data storage and other blockchain application scenarios. By supporting and using Notcoin, users can actively participate in the construction and development of the Ton chain ecosystem and jointly promote the application and innovation of blockchain technology.
Explore the multiple application scenarios and economic models of NOT coin
Multiple application scenarios of NOT coin
NOT Coin (NOT) is a community token designed to support and incentivize participants in the Web3 ecosystem. Its main uses include:
Exploration income: Users earn income by discovering and promoting Web3 products. This incentive mechanism encourages users to participate in the growth and development of the ecosystem.
Game participation: Users participate in new games or community activities, earn more NOT coins through gameplay, and promote community interaction and activity.
Contribution Rewards: Users are rewarded by contributing content, technology, or other value-added activities to the ecosystem. This model encourages community members to actively participate and contribute.
Product Promotion: Web3 builders can showcase and promote their products or services to the community through NOT coin activities, thereby increasing exposure and user base.
NOT Token Economics
According to a research report released by Binance, the total supply of NOT coins is 102,719,221,714. The following is its initial token distribution:
Binance Launch Pool: 3.00% (approximately 3,081,576,651 tokens) to support the launch and development of the Binance ecosystem.
Miner rewards: 78.00%. This part of the tokens is used to reward miners who participate in network security and transaction confirmation.
Ecosystem Fund: 9.00%, used to fund and promote the development of the NOT coin ecosystem, including project development, marketing and other aspects.
Community incentives: 5.00%, used to encourage community members to participate in and contribute to ecosystem activities.
Development Fund: 5.00%, this portion of tokens is used to support the long-term development of NOT coin infrastructure and technology development.
Overall, the economic model of NOT coin aims to attract more users and developers to participate in its ecosystem through diversified incentives, thereby promoting its long-term development and stability.
