Investment Research Report #Binance New Coin Mining No. 54 $NOT @thenotcoin
Telegram Game Project
Binance #Binance launched the latest #Launchpool New Coin Mining Project #Notcoin , which is a viral game project built on Telegram, which introduces users to web3 through a click-to-earn mining mechanism. The participation method is simple and crude.
1. Project Introduction
NOT adopts a simple token distribution mechanism, the gameplay is extremely simple, there is no threshold, and it earns mining by clicking. It was launched on January 1, 2024 and is very popular. The number of users participating in the game has exceeded 35 million, and the average daily activity has reached 6.5 million, becoming the fifth-ranked channel on Telegram.
Notcoin's goal is to try to attract the public into the field of cryptocurrency in a simple way and eliminate the complex barriers to handling tokens. It is easy to use and fool-proof, with no participation threshold.
2. Token Economics
$NOT is the Notcoin project community token, which can be used for the following functions:
①Explore: Users earn income when discovering web3 products
②Play: Users can get tokens by participating in new games
③Contribute: Users earn income by adding value to the ecosystem
④Provide: web3 builders can provide their products to the community through Notcoin activities
The total supply of $NOT is 102,719,221,714, with an initial 100% circulation
Binance Launchpool accounts for 3% of the total allocation
Miners account for 78% of the total allocation
Ecosystem Fund accounts for 9% of the total
Community Incentives account for 5% of the total
Development Fund accounts for 5% of the total
3. Project Advantages
1. Built on the TON network, deeply integrated with Telegram, using Telegram's huge user base and traffic entrance, with significant user group advantages and network effects, by combining Telegram, $NOT can leverage the existing social network infrastructure to rapidly expand its user base.
2. The gameplay is simple and fun. You can play the game through a robot in the Telegram app. You can mine $NOT by continuously clicking on the screen. The user participation threshold is low. $NOT aims to attract users worldwide. With the increase of user base and the introduction of more features, its long-term growth potential cannot be ignored.
3. NFT voucher system, which allows players to convert earned Notcoins into NFT vouchers, which can be traded before the actual issuance of $NOT tokens.
Notcoin launched NFT in March, allowing players to convert $NOT into NFT vouchers first, which can be traded in advance and exchanged for tokens after the token is launched, with a ratio of 1000:1. Currently, more than 20 million US dollars of NFTs are in circulation before the secondary launch.
IV. Team Background
Notcoin was created by Sasha Plotvinov, founder of Open Builders, and her team. Open Builders is an organization dedicated to financing projects on the TON blockchain. It is related to Tonstarter, which successfully raised $1.5 million in seed funds last year to support projects based on the TON blockchain.
V. Price Prediction
$NOT was fully circulated at the opening, and miners were allocated 78% of the coins. There should be a lot of selling pressure when it goes online. It is recommended that everyone take it with caution.
VI. How to participate #Launchpool
Enter Binance Launchpad official website [Mobile app homepage More services Financial management launchpool Staking mining]
You only need to invest BNB or FDUSD into the NOT mining pool to get NOT rewards. NOT can be mined for a total of 3 days.
