As a crypto investor with experience in the industry, I’ve seen my fair share of projects come and go. However, the Telegram Open Network (TON) and its native token, NOT, have piqued my interest due to their unique approach and growing ecosystem.
Over the past year, the Telegram Open Network (TON) has experienced significant growth and now ranks among the biggest projects in the industry based on market capitalization.
The TON blockchain has gained popularity due to its vibrant community, drawing an increasing number of developers and users.
Notcoin is a project that’s the existing proof of the above. Let’s see why.
What is Notcoin (NOT)?
I didn’t begin as a popular Telegram pastime created specifically to introduce players into the world of Web3 on the TON blockchain. Instead, it was designed with that purpose in mind from the outset.
The project’s website offers an intriguing experience as it primarily invites visitors to join its Telegram community and provides access to its social media platforms and whitepaper.
In regular circumstances, a project’s whitepaper serves as the primary source of information for the public and prospective investors. It encompasses the essential details about the project, such as its technical structure, specifications, team background, objectives, and more.
The Notcoin Whitepaper from November 2023 consists of nine pages in total. The initial page is named “Notcoin Whitepaper November 2023,” while the following eight pages appear as plain, empty sheets.
The project has implemented a new mining mechanism referred to as “tap-to-earn,” making it clear that NOT functions as a community token. Users can acquire it by participating in various activities within the community.
- Discovering Web3 Products
- Participating in various games
- Adding value to the ecosystem
- Web3 developers can offer their products to the community through Notcoin campaigns.
Back in May, the team unveiled further details about Notcoin Explore, a new facet of their project. This update came alongside the beta launch of a clicking game. Notcoin Explore offers something more complex, enabling users to delve into innovative Web3 offerings and rewarding them with NOT tokens as they go.
The procedure involves two steps: New Web3 initiatives will procure NOT directly and contribute it to the incentive fund, subsequently distributing rewards to active NOT community participants.
As an analyst, I’ve observed a significant surge in popularity for Notcoin, the viral cryptocurrency. With nearly 7 million members in its Telegram community and around 2 million followers on other platforms, it has undeniably gained massive traction.
Once the project is launched on-chain, the team has indicated that they will initiate the process of destroying some of the available tokens from the overall token supply.
A Different Approach to Tokenomics
To manage selling pressure effectively on the day of an initial listing, some projects establish a vesting schedule for their entire supply.
In keeping with its enigmatic character, Notcoin has chosen an unconventional path by releasing 100% of its total supply on the first day.
As an analyst, I’d like to clarify that not all tokens generated from the mining process will immediately be available for trading. Some of these tokens are actually airdrops intended for miners. Not all of these airdrops have been claimed yet.
In essence, the total supply is 102,719,221,714 NOT tokens, and the distribution looks like this:
Binance Launchpool: 3% of Supply
Miners: 78% of supply
Ecosystem Fund: 9% of supply
Community Incentives: 5% of supply
Development: 5% of supply
We won’t publish the release schedule because… well, all of it will be released at once.
Participating in the Binance Launchpool
As you can see, 3% of the total supply is reserved for participants in the Binance Launchpool.
Engaging in it is effortlessly simple. Make sure you have a Binance account; if not, register here.
After that, move up to the top menu and click on “More.” A dropdown will appear. Choose the “Launchpad & Launchpool” option from the list.
In the Launchpool, the Notcoin project will be prominently displayed. Choose which pool you’d like to join – it’s either FDUSD or BNB. We opted for FDUSD.
In this section, you’ll find comprehensive information about Launchpool. You can check out the farming duration, the amount of tokens pledged in total, the maximum hourly rewards, and the number of participants, along with your own contribution and current reward.
To begin cultivating your funds in Launchpool, simply click “stake,” enter the desired investment amount (which can be quickly retrieved if needed), then affirm your decision.
That’s everything there is to know about participating in the Notcoin Launchpool on Binance.
Starting from May 16th, 12:00 UTC, trading for NOT will become available on Binance Spot exchange. At this time, the following pairings will be supported:
This post has been powered by Notcoin.
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2024-05-15 11:42