What you need to know about Binance’s latest launchpool project
1. Project fundamentals analysis
1、#GameFi #meme Notcoin (NOT) is a game project that uses Telegram bots to earn tokens by clicking on the mobile screen.
The game itself is not complicated and easy to operate. However, simple and interesting games are often more conducive to the spread of the project itself.
Why did I label the Notcoin project with two classification attributes: GameFi + MEME?
Because Notcoin is essentially a telegram game that combines financial attributes, users can get token rewards during participation and interaction. The game also cleverly sets up an invitation mechanism and team leagues. In addition, it conforms to the MEME-style community drive and decentralization, making the project itself go viral in a short period of time.
2. Amazing growth data = a large user base
In just a few months, the project has accumulated more than 35 million users through viral gaming and mining.
Such a huge amount of user data is a flywheel-like growth for any web3 project. Notcoin has gained a large user base by taking over and converting traffic through the game project itself.
3. It’s good to take shelter under a big tree — relying on the TON public chain ecosystem
The TON public chain is a public chain project created and developed by the Telegram team. It is known for its ultra-fast transaction speed, low fees, easy-to-use applications and environmental protection.
The TON public chain relies on Telegram, a flagship social product with more than 900 million users.
This time, Notcoin received public support from TON Labs and TON Foundation, which added significant legitimacy to the project. Notcoin’s popularity also benefited from the product thinking orientation of Telegram robots.
4. Mainstream exchanges are launched simultaneously
At present, in addition to Binance, other mainstream exchanges such as EURUSD, buybit, kucoin, gate, etc. are also going to list not tokens.
The exchanges are not stupid. Wherever the traffic is, that’s where the baton for listing coins will be.
This is not a bad thing, it is good for both projects and exchanges.
Being able to gain recognition and support from a wide range of mainstream trading platforms also provides the project itself with sufficient market liquidity and secondary traffic growth.
2. Binance IPO Rules + Mining Revenue Calculation
1. Rules for new listings
Time: 8:00 am on May 13, 2024 (East 8), mining will last for three days
Pledged currencies: BNB and FDUSD, of which BNB mining pool accounts for 85% and FDUSD mining pool accounts for 15% (so there is no doubt that BNB mining is still the most cost-effective)
Total Mined: 3,081,576,651 (3% of total supply)
Total BNB mining rewards: 2,619,340,153
2. Mining revenue calculation
Because we cannot predict how much bnb pledge volume will be in three days, but we can use historical regression calculation rules to make predictions and comparisons.
Assuming that the amount of bnb staked in this Binance launchpool is the same as the amount of bnb staked in previous Binance launchpools, we can roughly calculate the mining income of staking bnb.
In order to make the data as close to reality as possible, I will select the data of Binance Launchpool in the past ten periods for calculation. From the above data table, we can find that, assuming the total amount of BNB pledged is the same, the BNB pledge income is not positively correlated with the duration of new issuance, which seems to be closely related to the popularity of the project.
We combined the data of ten periods and took the average value to calculate that the staking income of a single coin is 149.9 not, and the single-day mining income of a single coin is 49.9 not.
It is currently in the preheating stage for new issuance and has not officially started yet. The deposit amount in the bnb mining pool is only 1 million.
Assuming that the project's popularity is not inward-looking, we can compare and select the previous Binance IPO data to make a conservative estimate, and the bnb pledge volume is 8 million.
It can be calculated that the daily mining income of a single coin is 109not, and the annualized rate of return can reach about 65%.
The total number of Notcoin is 102,719,221,714, and it is fully circulated (remember to bold), with 3% allocated to Binance Launchpool, 78% to miners, 9% to the ecological fund, and 5% each to community incentives and Development.
It is worth noting that the circulation of notcoin tokens is full circulation
Full circulation = full circulation upon opening???
In fact, it is not that simple. If you carefully study the economic model of the project, you will find it.
The full circulation of the total amount of tokens does not mean that the full amount is circulated at the opening.
In the distribution ratio of the project economic model, miners account for the largest proportion.
The Notcoin project launched NFT vouchers in early March, allowing large players to redeem game points for NFTs in proportion.
When it is not officially launched, NFT can be exchanged for real tokens in proportion.
Currently, all NFTs have been mined. According to statistics from the trading platform getgems, the total number of NFTs is 794,998. Each NFT can be exchanged for 10,000 tokens, which is nearly 8 billion tokens.
However, the project's Token economic model clearly states that miners account for 78%, which is close to 80 billion. This is a ten-fold difference.
There is also a clear reminder in the Binance announcement: the initial circulation is not all released at the opening. (Those who are interested can take a closer look at the Binance announcement)
Even though we don’t know the real reason behind this miner’s data for the time being, we can see the essence through the phenomenon and the truth through the fog.
The full circulation of Notcoin's tokens does not mean that they will be fully released for circulation at the opening. It is very likely that the market will be under high control in the short term and the circulating chips will be released gradually.
Currently, Notcoin has a points token called whot, with a price of 0.00001u, and the exchange ratio between whot and not is 1000:1.
According to the ratio conversion, the price of not is 0.001u. It can be inferred that the total circulation market value of the Notcoin project has reached 1 billion US dollars.
Secondary operation ideas: Judging from the above Notcoin token distribution, circulation volume and price conversion ratio, the economic model of this Binance launchpol project is different from the previous launchpol projects.
From the perspective of retail investors: Stay calm when the market opens and do not buy blindly.
You can wait until the circulation of airdropped tokens, game-generated tokens, and new tokens plummets before considering whether to buy at the bottom.
From the perspective of airdrop users and miners: the opening price may rise in the short term, and you can sell at high prices.
The viral spread and popularity of the Notcoin project means that more potential projects in the TON ecosystem will usher in a wave of growth and popularity.
What web3 lacks at present is not narrative, but fresh blood and traffic, which is exactly what TON public chain can make up for.
Backed by Telegram's over 900 million monthly active users, a built-in native wallet, a complete ecological project, and widespread robot dissemination, ordinary users can smoothly enter the world of encryption.
This is undoubtedly the best way to connect web2 and web3.
2. Let go of the narrative and embrace traffic products + memes
The market has long suffered from narratives, and web3 has never lacked new narratives. What it lacks is real traffic thinking and traffic products.
When the inscription has become a ghost word, staking has become a game for big players, BTC leyar2 has too many pseudo-second-layer concepts, and the development of the ETH ecosystem is no longer so sexy.
When the market is in a stock game and no one is willing to take over, traffic products and MEME coins are particularly precious and sexy.
Just as Zhang Mazi in "Let the Bullets Fly" raised his arms and shouted "Guns in hand, follow me", the people of the whole city dared to let go of their fear of Master Huang and bravely stood up and became the masters of their own destiny.
Traffic products + meme are the real gun for retail investors to redeem themselves.
#新币挖矿 $BTC $ETH $PEPE
