What is Notcoin? Viral Token Coming to Telegram Open Network
Telegram Open Network (TON) has exploded over the past year, becoming one of the largest projects in the industry in terms of total market capitalization.
This is attributed to its vibrant ecosystem, with more developers and users turning their attention to the TON blockchain.
Notcoin is a project that is the current proof of the above. Let’s see why.
What is Notcoin?
NOTE did not start as a viral Telegram game designed to engage users in the Web3 space on the TON blockchain.
It requires a very interesting approach, because the official website of the project contains not only a prompt to join the Telegram community, but also links to social media accounts and whitepaper.
Normally, a project’s white paper is the most basic document presented to the community and potential investors. It contains all the information related to the project, including the technical architecture, parameters, background of team members, plans, and so on.
Notcoin’s Whitepaper is literally… a whitepaper – it consists of 9 pages, the first of which is titled “Notcoin Whitepaper November 2023” and the remaining eight are… well, blank white pages with nothing written on them.
The project introduced the “tap to earn” mining mechanic, and it appears that it is not a large community token that users can earn:
- Exploring Web3 Products
- Participating in various games
- Adding value to the ecosystem
- Web3 developers can offer their products to the community through Notcoin campaigns.
The process is two-way: New Web3 projects will retrieve NOT from the marketplace and add it to the campaign pool, which will then reward NOT community members who interact.
In any case, Notcoin has turned into a viral cryptocurrency, hosting around 7 million people in the Telegram group and around 2 million on X.
The team also stated that they will start burning tokens from the total supply once the project goes live on the chain.
A Different Approach to Tokenomics
Many projects set up some sort of vesting schedule for their total offering to avoid excessive selling pressure on the first listing day.
Staying true to its secretive nature, Notcoin took a different approach and enabled 100% of the supply to be unlocked on the first day.
It is important to note that this does not mean that 100% of the tokens will be available for trading immediately. The distribution of tokens also includes airdrops to miners. These may not be fully claimed.
Essentially the total supply is 102,719,221,714 NOT tokens and the distribution is as follows:
Binance Launch Pool: 3% of Supply
Miners: 78% of the supply
Ecosystem Fund: 9% of supply
Community Incentives: 5% of Supply
Development: 5% of supply
Source: binance
We won’t be publishing the release schedule because…well, they’ll all be released at the same time.
Joining Binance Launchpool
As you can see, 3% of the total supply is reserved for Binance Launchpool participants.
It is extremely easy to join. You will need a Binance account. If you do not have an account, do not forget to register using this link.
From there, go to the top menu and press “More.” You will see a drop-down menu: Select Launchpad and Launchpad.
When you enter Launchpool, the Notcoin project will appear at the top. You must choose the pool you want to join as FDUSD or BNB. We chose FDUSD.
Here you will be able to see all the details about Launchpool. This includes the farming period, total number of coins staked, maximum hourly rewards as well as how many people are participating and your current bet amount:
To start farming on Launchpool, press “stake”, enter the amount you want to deposit (you can withdraw instantly at any time) and confirm the transaction.
That’s everything you need to know about participating in the Notcoin Launchpool on Binance.
Trading will begin at 12:00 UTC on May 16 and will not be listed on the Binance Spot exchange with the following trading pairs:
- NOT/BTC
- NOT/USDT
- NOT/BNB
- NOT/FDUSD
- NOT/TRY
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