I came across the NOT token due to its intensive promotion when it launched on Binance. As a cryptocurrency enthusiast, I didn't follow the trend blindly and started my research from the fundamentals.
NOT is the first Meme token of the TON ecosystem, and TON is closely associated with Telegram, which has 950 million monthly active users, bringing it huge potential traffic. Its token economy is very 'fair': 96% of tokens flow to the community, 78% are distributed through airdrops, and there are no VC pre-mined tokens, akin to a 'people's currency'.
Initially, it was a 'click-to-earn' game within Telegram, where players could convert game tokens into real NOT tokens. The number of participants exceeded 30 million, with 5 million daily active users, indicating a solid user base. Furthermore, it's not just a Meme coin; it also supports staking, plans to integrate DeFi, and intends to use DAO governance, showing potential for long-term development.
However, after NOT was listed on Binance, it started to enter a downward trend. Currently, although it has entered a consolidation phase, there is no sign of taking off.
