When market liquidity is extremely poor, we should focus more on core narrative + fundamental quality projects, superimposed with market heat + attention economy, with strong market makers behind them and highly liquid currencies, which often bring good returns after the market recovers. Thenotcoin introduced today must be familiar to everyone. As a killer application of the TON chain, it has more than 40 million users and is operated by DWF, which is worth paying attention to!
NOT (@thenotcoin) is a Web3 game based on the TON chain. It was created to bring Telegram's huge 900 million user base into the TON blockchain ecosystem. Today, the project has successfully attracted a large number of new users through game mechanisms and community activities. Through its unique "Tap-to-Earn" design, it has attracted more than 40 million users since its launch, becoming the Web3 game with the largest user base.
Before understanding the user base of NOT, we first need to understand WeChat Mini Programs. Games on WeChat Mini Programs solve the time fragmentation needs of mobile Internet, and through the spread of social networks, the user growth and fission are very rapid. Notcoin is a mini program based on Telegram, which can quickly expand its user base through the spread and fission effect of social networks. Users share and promote NotCoin through TG chats, groups, etc. to attract new users to join.
Telegram has more than 900 million active users worldwide, providing NOT with a large and active potential user base. In addition, NOT has designed a Tap-to-Earn mechanism, where users can earn tokens by simply clicking and completing tasks. The low threshold for participation has attracted a large number of ordinary users who are not familiar with blockchain technology. The combination of "right time, right place and right people" has contributed to the explosion of NOT.
NOT and TON have opposite names, which also reflects their mutual achievements. TON has a circulating market value of 17.69 billion US dollars, ranking eighth, but its TVL is only 590 million US dollars. Compared horizontally, it is at a poor level. The main reasons include incompatibility with EVM, unpopular development language and poor TG traffic import. As its first killer application, NOT has lived up to expectations and greatly boosted the number of interactions on the TON blockchain after its launch. Now TON's daily active addresses even surpass Ethereum!
So, leaving aside traffic, what core advantages can deep integration with TON bring to NOT?
① Efficient transaction processing: TON is known for its efficient transaction processing and confirmation speed. Its unlimited sharding technology can support large-scale users to conduct transactions at the same time. In addition, the TON network can handle up to 100,000+ transactions per second. It is the current ceiling of blockchain TPS. This efficient performance greatly improves the user experience of on-chain applications and enhances user retention.
② Reduce operating costs: TON chain adopts a consensus mechanism that combines PoS and BFT, which not only improves the transaction confirmation speed, but also reduces the computational cost of transaction processing.
③ Enhanced user experience: The deep integration of TON and Telegram has created a seamless ecosystem where users can complete the entire process from token earning and trading to participating in community activities in Telegram without having to jump to other platforms or applications, thus improving the overall user experience.
Putting aside the fundamentals, the token destruction mechanism will be one of the driving factors for the subsequent rise in the coin price. As an airdrop coin, as of the 18th, the airdrop application of $NOT has been completed, and the project party has publicly promised to destroy some of the unclaimed tokens. Currently, NOT, as well as other TON chain games @CatizenAI and @whalegames_en that have integrated $NOT payment, have destroyed a total of 17.95 million tokens.
And just today, $3 million worth of $NOT (Notcoin) was just burned from issuance.
Of this, $4.2 million will be allocated as rewards for Notcoin Explore Gold and Platinum users.
Let's talk about the pledge of $NOT. It is an important reference for the NOT project to measure the user's contribution to the project. The level can be upgraded by the number and time of the pledged tokens. If the gold and platinum levels are reached, the user has the right to participate in the distribution of other projects. In the future, as NOT develops its ecology more deeply, the pledged $NOT tokens are expected to become golden shovels and enjoy more privileges!
According to the latest official statistics, the number of currency holding addresses on the chain has reached 2.44 million! In comparison, $SHIB is 1.396 million, $BONK is 690,000, and $PEPE is 242,000!
In terms of trading volume, $NOT's trading volume in the past 24 hours was $680 million, $SHIB's was $470 million, $BONK's was $236 million, and $PEPE's was $980 million.
In terms of market capitalization, $NOT is $1.6 billion, $SHIB is $11 billion, $BONK is $1.48 billion, and $PEPE is $4.8 billion.
In the MEME sector, $NOT has an absolute advantage in terms of the number of addresses and turnover rate of coins held! Moreover, $NOT is not only MEME, but also a continuously developing community-oriented ecosystem.
In terms of governance, the project team has always emphasized that $NOT cannot be simply understood as a MEME coin, but more of a community token. The project team emphasizes decentralized governance and has publicly stated on Space that it plans to gradually transfer project control to the community and achieve true decentralized governance through community voting and decision-making. Currently, the holders of $NOT tokens have exceeded 11.5 million, and the number of subscribers to the TG channel has reached 8.29 million. The community is quite large!
As the flagship project of the TON chain, NOT is also ambitious for subsequent development. According to Twitter, it will transform from the Tap-to-Earn stage to the culture + ecosystem, continue to develop Notcoin Explore, and launch more games and activities, aiming to create a reward-rich and sustainable ecosystem to achieve complete autonomy and self-evolution.
It is worth mentioning that in the current market where liquidity is not sufficient, hot projects with topics and market makers will be one of the narrative coins with the highest probability of pulling the price. The founder of DWF has been following @thenotcoin since last year. In addition to the hints on Twitter and the attention paid by DWF Venture itself to MEME and TON ecology, it is almost clear that DWF is the market maker behind NOT. In addition, as it is a fully circulated currency, there is no need to worry about subsequent selling pressure!
Summary: @thenotcoin has delivered a very satisfactory answer, whether it is the empowerment of the TON chain, the performance of multiple exchanges after listing, or the airdrop feedback to players. Combining TG's traffic advantage and TON's technical advantage, plus the token destruction mechanism, the project's determination to decentralized governance, the subsequent plan to create a sustainable ecosystem, and DWF's endorsement. We have reason to believe that NOT will bring more surprises in the future!
