“A person’s heart should always be open to new information, but he must know how to test it.”
Notcoin is a vibrant community that has experienced ups and downs and endless fun. Only one month after listing on the exchange, we have witnessed the new mining application field created by Notcoin on Telegram, which has greatly promoted the development of the TON ecosystem.
Notcoin is already listed on major exchanges and has made significant progress across all launch pools, attracting millions of traders to join the community.
Currently, unclaimed tokens are divided into three parts: one part is reserved for future development, another part will be destroyed, and the remaining tokens will be distributed to Notcoin Explorers at the gold and platinum levels.
Today I will introduce the project in detail in a professional way. Of course, this is not an investment advice.
Project Background and Objectives
NOT is a Web3 game based on the TON chain, which aims to introduce Telegram's huge 900 million users into the TON blockchain ecosystem. Through innovative game mechanisms and community activities, the NOT project has successfully attracted a large number of new users. Its unique "Tap-to-Earn" design has attracted more than 40 million users since its launch, becoming one of the Web3 games with the largest user base.
2. User base and communication methods
To understand NOT’s user base, we first need to understand the success story of WeChat Mini Programs. Games on WeChat Mini Programs have achieved rapid fission of user growth by addressing the needs of fragmented mobile Internet time and using social network dissemination.
Similarly, Notcoin relies on Telegram’s mini-programs and rapidly expands its user base through the spread and fission effect of social networks. Users share and promote NotCoin through Telegram chats, groups, etc., attracting new users to join.
3. User participation and revenue mechanism
Telegram has more than 900 million active users worldwide, providing NOT with a large and active potential user base. NOT designed a Tap-to-Earn mechanism, where users can earn tokens by simply clicking and completing tasks. This low-threshold participation method has attracted a large number of ordinary users who are not familiar with blockchain technology. The combination of "right time, right place, and right people" has contributed to the explosion of NOT.
4. NOT’s impact on TON ecosystem
As the first killer application of TON, NOT has greatly boosted the number of interactions on the TON blockchain after its launch. Now TON's daily active addresses even surpass Ethereum! This achievement not only reflects NOT's user appeal, but also demonstrates its positive impact on the TON ecosystem.
5. Advantages of deep integration with TON
Deep integration with TON can bring the following core advantages to NOT:
-Efficient transaction processing: TON is known for its efficient transaction processing and confirmation speed. Its unlimited sharding technology can support large-scale users to conduct transactions at the same time. The TON network can handle up to 100,000+ transactions per second, which is the current ceiling of blockchain TPS. This efficient performance greatly improves the user experience of on-chain applications and enhances user retention.
- Reduce operating costs: TON chain adopts a consensus mechanism that combines PoS and BFT, which not only improves the transaction confirmation speed, but also reduces the computational cost of transaction processing.
- Enhanced user experience: The deep integration of TON and Telegram has created a seamless ecosystem where users can complete the entire process from token earning and trading to participating in community activities in Telegram without having to jump to other platforms or applications, improving the overall user experience.
6. Token Economy and Destruction Mechanism
Putting aside the fundamentals, the token destruction mechanism will be one of the driving factors for the subsequent rise in the price of the currency. As an airdrop coin, as of the 18th, the airdrop application of $NOT has been completed, and the project party has publicly promised to destroy a portion of the unclaimed tokens. At present, NOT and other TON chain games CatizenAI and whalegames that have integrated $NOT payment have destroyed a total of 17.95 million tokens. Just today, $3 million worth of $NOT (Notcoin) was just burned from the issuance. Of this, $4.2 million will be used as rewards for Notcoin Explore gold and platinum users.
7. Staking and future development
$NOT staking is an important reference for the NOT project to measure the user's contribution to the project. The level can be upgraded by the number and time of staked tokens. If the gold and platinum levels are reached, the user has the right to participate in the distribution of other projects.
According to the latest official statistics, the number of addresses holding coins on the chain has reached 2.44 million, while $SHIB is 1.396 million, $BONK is 690,000, and $PEPE is 242,000. In terms of trading volume, $NOT's trading volume in the past 24 hours is 680 million US dollars, $SHIB is 470 million, $BONK is 236 million, and $PEPE is 980 million. In terms of market value, $NOT is 1.6 billion US dollars, $SHIB is 11 billion, $BONK is 1.48 billion, and $PEPE is 4.8 billion. In the MEME sector, $NOT has an absolute advantage in the number of addresses holding coins and turnover rate! What's more, $NOT is not only MEME, but also a continuously developing community-oriented ecosystem.
As the flagship project of the TON chain, NOT is ambitious for future development. According to Twitter, NOT will transform from the Tap-to-Earn stage to a culture + ecosystem, continue to develop Notcoin Explore, and launch more games and activities, aiming to create a reward-rich and sustainable ecosystem to achieve complete autonomy and self-evolution.
The founder of DWF has been paying attention to thenotcoin since last year. Coupled with the hint on Twitter and DWF Venture’s own attention to MEME and TON ecosystem, it is almost clear that DWF is the market maker behind NOT.
Combining Telegram's traffic advantage and TON's technical advantage, plus the token destruction mechanism and the project's determination for decentralized governance, as well as plans for a future sustainable ecosystem and DWF's endorsement, there will be more surprises in the future!
These measures not only ensure the scarcity and value of tokens, but also encourage more people to actively participate in the development of the community.
We look forward to Notcoin continuing to grow and bring opportunities and benefits to more users in the future. Join us to witness and participate in this exciting journey!
Good luck and see you next time!
I will be posting project research and essay updates regularly, so stay tuned for more information and to stay up to date!
