What is Notcoin (NOT)? Viral testimonial hits Telegram’s open network

The Telegram Open Network (TON) has been booming over the past year, becoming one of the largest projects in the industry by total market capitalization.

This has been attributed to its bustling ecosystem, with more developers and users turning their attention to the TON blockchain.

Notcoin is a project that is the existing proof of the above. Let’s see why.

What is Notcoin (NOT)?

NO started as a viral Telegram game designed to bring users into the realm of Web3 on the TON blockchain.

This is a very interesting approach because the project’s official website only contains a prompt to join a Telegram community, as well as links to its social media accounts and white paper.

Typically, a project’s white paper is the most fundamental document presented to the community and potential investors. It contains all the information about the project, including the technical architecture, parameters, team member backgrounds, plans, and more.

The Notcoin white paper is literally… a white paper: it contains 9 pages, the first one titled “Notcoin White Paper November 2023”, and the remaining eight pages are… well, blank white sheets with nothing written on them.

The project has introduced the so-called “tap-to-earn” mining mechanic and it seems that NO itself is widely a token of the community, where users can earn it through:

Discovering Web3 products Participate in various games Add value to the ecosystem Web3 developers can offer their products to the community through Notcoin campaigns.

In early May, the team released another update to a feature called Notcoin Explore. In addition to the beta version of its clicker game, Notcoin Explore is adding something “more advanced” to the project. Basically, it allows users to explore new Web3 products and earn NO in the process.

The process is two-fold: New Web3 projects will acquire NOT from the market and add it to the campaign pool, which will then reward NOT community members who interact.

In any case, Notcoin has become a viral cryptocurrency, hosting almost 7 million people in its Telegram group and almost 2 million in X.

The team has also stated that they will start burning tokens of the total supply once the project goes live on-chain.

A different approach to Tokenomics

Many projects have some kind of schedule for acquiring their entire supply with the goal of avoiding excessive selling pressure on the day of the initial listing.

True to its mysterious nature, Notcoin has taken a different approach, pushing 100% of the supply to be unlocked on day one.

Now, it’s important to note that this does not mean that 100% of the tokens will go into trading right away. The distribution of tokens also includes airdrops that belong to miners. These may not be fully claimed.

In essence, the total supply is 102,719,221,714 NO tokens, and the distribution is as follows:

Binance Launchpool: 3% of the offering

Miners: 78% of the offer

Ecosystem Fund: 9% of the offer

Community incentives: 5% of the offer

Development: 5% of the offer

Source: Binance

We won’t release the release schedule because… well, everything will be released at once.

Binance Launchpool Participant

As you can see, 3% of the total supply is reserved for Binance Launchpool participants.

Participating is very easy. You will need a Binance account. If you don’t have one, be sure to register using this link.

From there, go to the top menu and press “More”. You will see a drop-down menu – select the Launchpad & Launchpool option.

Once you are in Launchpool, the Notcoin project will appear at the top. You must select the pool you wish to participate in: FDUSD or BNB. We chose FDUSD.

You can see all the details about Launchpool here. This includes the farming period, the total number of chips staked, the maximum rewards per hour, as well as how many people have joined and what your current bet is:

To start farming the Launchpool, simply press ‘bet’, enter the amount you wish to pledge (you can withdraw instantly at any time) and confirm the action.

That’s all you need to know about participating in the Notcoin Launchpool on Binance.

Trading will begin on May 16 at 12:00 UTC, when NOT will appear on the Binance Spot exchange with the following trading pairs:

NO/BTC NO/USDT NO/BNB NO/FDUSD NO/PROOF

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