Notcoin (NOT) is a token allocated to users for free with just a touch of the screen, the more you touch, the more you get. Because it is a community token and distributed for free, NOT's tokenomics has many differences. Those are the following points:
* The total supply of NOT is a huge number: up to nearly 103 billion NOT. Since its launch, this tap-to-earn game has attracted 35 million users. With the way to earn NOT so easily, many users have been passionate about collecting NOT diligently for many months. This pushes total supply to a record high compared to recent Launchpools.
* The total supply of NOT is put into circulation once and in its entirety: Normally, Launchpool projects or newly launched projects will put a part of the supply into the market to create scarcity and will unlock according to the roadmap. This is not true for NOT. 102.7 billion NOT will be put into circulation immediately upon listing on Binance. Meaning anyone with NOT can quickly sell them.
* The number of NOT distributed through Binance Launchpool is much lower than the number that users tap-to-earn: Because of the free-to-earn nature of NOT, participating in staking BNB or FDUSD to earn NOT is not attractive enough guide users. Binance says the Notcoin (NOT) Launchpool will distribute 3 billion NOT (just 3% of total supply). While users were previously able to earn it for free there is more to it.
To date, the Lauchpool project has only attracted 400 million FDUSD and 741,000 BNB to participate in staking. The average number of farming participants on recent Launchpool projects is 2 billion FDUSD and 16 million BNB. Most likely, Notcoin (NOT) is the project with the worst total farming value in 2024.
With all of the above tokenomics characteristics, it can be predicted that NOT will be under great selling pressure in the first days of listing. Therefore, investors should consider buying at the newly listed stage. Furthermore, recently, Launchpool projects listed on the floor are seeing sharp discounts.
Regarding the price of NOT listed on the exchange, we can refer to a few calculation methods as follows:
* Kucoin Pre-market and Gate Pre-market are pricing NOT at 0.010 – 0.011 USD. This equates to a capitalization valuation of NOT of over $1 billion. while the average capitalization of projects recently listed on Binance Launchpool is only about 400 million USD - 500 million USD. It can be said that Kucoin Premarket and Gate Pre-market are valuing NOT more than double the Binance Launchpool average.
* On Getgems, Notcoin (NOT) is traded in lots of 10,000 NOT with an average price of 10 TON – 11 TON. If we take the TON price before the NOT news on Launchpool as 5.5 USD, it means that NOT is priced at 0.0055 USD - 0.0060 USD. Recently, the NOT price on Getgems has increased sharply, 10,000 NOT exchanged for 16 TON with a TON price of 6.6 USD. Thus, NOT is priced at 0.0105 USD, equivalent to the price of Kucoin Pre-market and Gate Pre-market.
* The capitalization of NOT, whether it is 1 billion USD or 500 million USD, is still a risk capitalization because NOT in fact still has no application value in the TON ecosystem in particular.
Based on the above arguments, it can be predicted that NOT price will decrease to the average price previously priced by the market, then will gradually decrease because of selling pressure from 35 million users. Specifically, the NOT price on the exchange will be at a high level of 0.010 USD - 0.011 USD, then drop sharply to below 0.0050 USD. After that, NOT may drop lower because of heavy selling pressure from users. After a decrease, the NOT price needs a sideways period to be revalued by the market.
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