In the history of cryptocurrency development, every narrative twist is accompanied by a new distribution method. Distribution is not just the channel through which tokens enter the market; it also determines the composition of the community, the attribution of value, and the long-term ecological direction. Today's @The Notcoin Official is the latest footnote in this logic's evolution.
Bitcoin: The Geek Era of Hash Power Distribution
In 2009, when Bitcoin was first born, there were no ICOs, no airdrops, and certainly no exchanges. The only distribution method was hash power mining. Most early participants were geeks and cryptography enthusiasts who obtained the initial bitcoins through computers and electricity. The threshold was extremely high, and participation was very limited, which resulted in a highly concentrated initial value distribution among a few individuals. This distribution model shaped Bitcoin's 'geek culture' and 'decentralization spirit,' representing the first generation of crypto distribution logic.
Ethereum: The Financing Paradigm of Crowdfunding Distribution
In 2014, Ethereum chose a different path from Bitcoin—ICO crowdfunding. The project raised over $18 million in initial funding through token pre-sales. The distribution target expanded from the geek community to a broader range of investors, further driving the cold start and expansion of the Ethereum ecosystem. Since then, financing first, ecological development, and community diffusion have become the core of the second generation of distribution logic, influencing the model choices of countless projects thereafter.
Notcoin: A National Experiment in Community Distribution
Today, @notcoin has opened a third possibility with Tap-to-Earn. It has no private placement, nor VC quotas, but distributes to tens of millions of ordinary users through the simplest clicks. So far, Notcoin has over 2.8 million on-chain wallet addresses, with 61% of the tokens held by the community, totaling over $220 million distributed. Meanwhile, the average daily DEX trading volume has exceeded $1 billion, confirming that community-driven initiatives can also create strong market liquidity. Unlike the hash power distribution of Bitcoin and the funding distribution of Ethereum, Notcoin's logic starts from community consensus, then enters market liquidity, and ultimately spills over to the ecological level.
Insights from Three Evolutions
Bitcoin tells us that tech geeks can also ignite a financial revolution; Ethereum proved that fundraising can fuel ecological development; and Notcoin demonstrated that the community itself can also become the strongest cold start force. From 'a game for the few,' to 'a game of capital,' and then to 'an experiment for all,' the three evolutions of crypto distribution logic reflect fundamental changes in the industry.
Future crypto projects may not necessarily replicate Notcoin's model, but it provides the industry with a new reference: the method of distribution is not a detail, but the core design that determines the project's fate. Bitcoin, Ethereum, and Notcoin represent three different starting points and together constitute the evolution history of the crypto world.