Notcoin Successfully Launches on Major Exchanges
I. What is Notcoin?
Notcoin is a free and easy-to-use Telegram game where players can 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 community of over 30 million participants and over 6 million members in its Telegram group, Notcoin has achieved daily active peaks of over 5 million users. It is backed by Telegram, which has over 1.3 billion users.
In March, LD Capital released a research report introducing Notcoin and expressing optimism about its future performance. The report, titled “Notcoin: Can It Become the Meme Coin that Breaks the Circle of the Ton Ecosystem?”, highlighted Notcoin’s massive user base and potential, as well as the support and fair distribution of MEME tokens by the TON Foundation. With these factors, Notcoin successfully launched on major cryptocurrency exchanges in May, breaking through the circle.
II. Recent Trends
Notcoin has evolved from a simple and straightforward Telegram game to gaining popularity among mainstream cryptocurrency exchanges and investors. It will be listed on 18 exchanges simultaneously on May 16, including Binance, Okx, Bybit, Kucoin, Bitget, Gate io, Bitmart, Bitfinex, Cryptocom, and more.
This shift in focus represents a change in the selection of targets on the secondary market by exchanges and investors. In a market with tight liquidity, individual investors have grown tired of VC coins that open and immediately get acquired. The reluctance to accept new coins has caused the value of these coins to decline. Currently, market sentiment has shifted from low-circulating VC coins with high FDV (Fully Diluted Valuation) to meme coins with high circulation and a strong community.
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’s Launchpool, which started 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)
From the token distribution, it is evident that the trend in coin selection has changed. 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 allocated to project development, with no share for investors.
IV. Pre-Listing Preparation
Participants before the listing can be categorized into three types: 1) those who have participated in gold farming and off-exchange coupon purchases earlier, 2) those who have participated in mining on major exchanges, and 3) those who have not yet participated and are waiting for the listing.
For Type 1 participants, if they hold NFT coupons listed on getgems, they should import them into the Notcoin Telegram BOT promptly (at a forging fee of 0.06 per coupon) and then withdraw the tokens to exchanges (with a 1.5% transaction fee). If they hold wnot, they should wait for the not conversion to open (estimated to be available on the day of listing).
For Type 2 participants, they can participate according to 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 Type 3 participants, they can participate based on valuation and the opening situation.
V. Valuation Situation
On the evening of May 15, the NFT coupon prices on getgems, WNOT on ston.fi, and off-exchange prices on aevo were 0.0101, 0.0089, and 0.00795, respectively.
NOT is a fully circulating token and is more suitable for comparison with meme coins. It has a faster listing pace and is more reasonable to compare with BOME. The market value of projects that have recently listed with average popularity ranges from 5 to 10 billion. Additionally, the CPI data released on the evening of May 15, which leaned more towards neutrality, has boosted the overall market. It is believed that NOT has the potential to rise above 0.01 during the listing and fall within the range of 0.006-0.01.
This article is a collaborative reprint from:
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