Introducing Notcoin ($NOT) on Binance Launchpool: Farming, Price Predictions, and Airdrop Tutorial
What is Notcoin?
Notcoin ($NOT) started as a community-driven token aimed at onboarding users into the Web3 ecosystem through a tap-to-earn game. It operates on the TON Blockchain, which is Telegram's own chain, and bears a resemblance to meme coins in its structure and appeal. You can read more about it in this Binance Announcement: NOTCoin Announcement
Price Predictions for $NOT
Disclaimer: The following analysis is not financial advice and only serves as an estimation based on available data.
On Gate.io, the premarket price for $NOT is $0.01. Given the total supply of 102,719,221,714 tokens (approximately 102 billion), this initial pricing would place Notcoin at a valuation of around $1 billion. By comparison, TON (Telegram's blockchain) has a market cap of $35 billion.
However, considering market dynamics and recent trends with Binance Launchpad projects, a $1 billion valuation might be overly optimistic. For instance, recent projects like OMNI and REZ have fully diluted market capitalizations exceeding $1 billion, yet their actual market caps (factoring in circulating supply) hover below $200 million.
Given that Notcoin will have its entire supply circulating at launch, a more conservative and realistic market cap might range between $100 million and $300 million. This translates to a token price between $0.001 and $0.003. Therefore, a market cap of around $200 million seems plausible, making $NOT potentially worth around $0.002 per token.
BNB and FDUSD Token Farming for $NOT
Starting from May 13, 2024 (UTC), Binance users can stake their BNB or FDUSD in the Binance Launchpool to farm $NOT tokens. The farming period will last for three days, with Binance set to list $NOT on May 16, 2024 (UTC). If you don’t have a Binance account yet, you can register using this link to get a 10% discount on spot trading fees.
How to Claim $NOT Token Airdrop on Telegram
To claim your $NOT tokens, follow the video tutorial provided below. Please note that unless you participated in the early stages of Notcoin's app-based mining, the amount of tokens you receive might be minimal.
Conclusion
Notcoin is shaping up to be an exciting project on Binance Launchpad, and it will be intriguing to see its performance post-listing. With its unique positioning on the TON Blockchain and the community-driven approach, $NOT has the potential to carve out a niche in the rapidly evolving cryptocurrency landscape.
Stay tuned for further updates and analyses as we observe how #Notcoin fares in the market!