Notcoin Research Report

Project Background and Market Positioning

Notcoin is a “Play-to-Earn” (P2E) game based on Telegram, developed by Open Builders and supported by the TON Foundation, running on The Open Network (TON) blockchain. Since its launch at the end of 2023, Notcoin has attracted over 35 million players through a simple “tap-to-earn” mechanism, becoming a phenomenal project in the Web3 game field. Its core gameplay involves interacting with animated tokens in the Telegram chat interface to “mine” Notcoin (NOT) tokens, combining social features and low entry barriers, making it a beginner's tool in the blockchain and cryptocurrency space. Notcoin's vision is to become the “Netflix” of Web3 games, creating a diverse social gaming ecosystem by integrating third-party developers.

Token Economics and Market Performance

Notcoin's token (NOT) was launched on the TON blockchain on May 16, 2024, with a total supply of 102.7 billion tokens. At TGE, all tokens entered circulation, with 78% (approximately 80.2 billion tokens) allocated to early players and NFT certificate holders, ensuring a community-led distribution model. On its first day of listing, the market cap of NOT tokens reached $1.5 billion, peaking at over $2.7 billion, with trading volume exceeding $1 billion at one point, demonstrating strong market demand. The current market cap is approximately $1.9 billion, ranking 53rd globally in cryptocurrencies. Notcoin maintains value stability through regular token burns and staking mechanisms while planning to expand token use cases through an “explore-to-earn” model, such as participating in Web3 project tasks to earn rewards.

Technical and Ecological Advantages

Notcoin leverages the high throughput and low transaction fees of the TON blockchain to achieve a seamless gaming experience and token trading. Its Telegram mini-program design requires no additional downloads, lowering the entry barrier for users and attracting widespread participation from Telegram's over 900 million users. In 2024, Notcoin upgraded from a simple click game to a comprehensive platform featuring leaderboards, task systems, and NFT certificates. Its newly launched VOID game introduces competitive modes, leagues, and limited rewards, further enhancing user engagement. Notcoin also plans to attract third-party developers to build more TON-based games through a $5 billion gaming accelerator in collaboration with Helika Gaming, creating a diverse Web3 gaming ecosystem.

Community and Growth Momentum #notcoin $NOT @Daily Notcoin