Notcoin Successfully Breaks Through and Lands on Major Exchanges
I. What is Notcoin?
Notcoin is a free and user-friendly Telegram game where players earn coins by tapping on their phone screens. Since its launch on January 1, 2024, Notcoin has become one of the most popular channels on Telegram in terms of user engagement and volume. With a highly active community of over 30 million participants and over 6 million members in its Telegram group, Notcoin has achieved daily peaks of over 5 million active users. Supported by Telegram, which boasts over 1.3 billion users, Notcoin has gained significant traction.
In March, LD Capital released a detailed research report on Notcoin, expressing optimism about its future performance. The report, titled “Notcoin, the Viral Game: Can it Become a Memecoin and Break into the TON Ecosystem?” highlighted the enormous user base and potential of Notcoin. With the support of the TON Foundation and the concept of fair distribution of MEME coins, Notcoin successfully landed on major cryptocurrency exchanges in May, breaking through its previous limitations.
II. Recent Trends
Notcoin has transitioned from being a simple and straightforward Telegram game to gaining recognition and support from mainstream cryptocurrency exchanges and investors. It is set to be listed on 18 exchanges simultaneously on May 16, including Binance, Okex, Bybit, Kucoin, Bitget, Gate io, Bitmart, Bitfinex, Cryptocom, and more.
This shift in the market indicates a changing preference among exchanges and investors for assets in the secondary market. With tight market liquidity, individual investors have grown tired of VC coins that are only available through private sales. The lack of trading activity for new coins has caused their value to decline. As a result, market sentiment has shifted towards Meme coins, which have a higher circulation ratio and are backed by strong communities.
III. Listing Details
Notcoin will be listed on various exchanges for trading on May 16 at 12:00 UTC (20:00 Beijing time). Some exchanges have recently launched mining activities, such as Binance, which started its Launchpool on May 13, 2024, supporting pools for BNB and FDUSD.
Token Name: Notcoin (NOT)
Maximum Token Supply: 102,719,221,714 NOT
Initial Circulating Supply: 102,719,221,714 NOT (100% of the maximum token supply)
The token distribution further highlights the changing trend in asset selection. Notcoin has allocated the majority of its tokens to the community, with over 78% available for mining through Tap to Earn. Only 5% of the tokens are reserved for project development, with no allocation for investors.
IV. Pre-Listing Preparation
There are three main roles for participants before the listing: 1) Early participants in gold mining and off-exchange voucher purchases, 2) Participants in mining activities on major exchanges, and 3) Those who have not yet participated and are waiting for the listing.
For role 1, if you hold NFT vouchers listed on getgems, you should promptly import them into the Notcoin Telegram BOT (with a minting fee of 0.06 per voucher) and then withdraw them to the exchange (with a 1.5% transaction fee). If you hold wnot, you should wait for the opening of not conversion (estimated to be available on the listing day).
For role 2, participation depends on the rules of each exchange. Among them, Binance Launchpool offers the highest token rewards, with a total of 3,081,576,651 NOT (3% of the maximum token supply).
For role 3, participation should be based on valuation and market opening conditions.
V. Valuation Status
On the evening of May 15, the NFT vouchers listed on getgems were valued at 0.0101, WNOT on ston.fi was valued at 0.0089, and off-exchange pricing for aevo was 0.00795.
As NOT is a fully circulating token, it is more suitable for comparison with Memecoins. Its listing pace is relatively fast, making it more reasonable to compare with BOME. The market value of projects that have recently gained moderate popularity during their listings ranges from 5 to 10 billion. Additionally, the CPI data results on the evening of May 15, which showed a neutral-to-bullish trend, have boosted the overall market. It is believed that NOT has the potential to surge above 0.01 at the time of listing, with a fallback range between 0.006 and 0.01.
This article is a collaborative reprint from DeepTech.