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What is Notcoin (NOT)? The viral token coming to the open network
The Open Network (TON) has experienced a boom over the past year, becoming one of the industry’s largest projects in terms of total market capitalization.
This has been attributed to its vibrant ecosystem, with more and more developers and users turning their attention to the TON blockchain.
Notcoin is a project that is the existing proof of the above. Let’s see why.
What is Notcoin (NOT)?
NOT started as a viral Telegram game designed to integrate users into the Web3 realm on the TON blockchain.
It takes a very interesting approach because the project’s official website contains only the request to join a Telegram community, as well as links to its social media accounts and the white paper.
Normally, a project’s whitepaper is the most fundamental document presented to the community and potential investors. It contains all the information about the project, including the technical architecture, parameters, team member backgrounds, plans, and more.
The Notcoin Whitepaper is literally… a white paper: it contains 9 pages, the first titled “Notcoin Whitepaper November 2023”, and the remaining eight are… well, blank white sheets with nothing written on them.
The project introduced the so-called “tap-to-earn” mining mechanic and it appears that NOT is largely a community token, where users can earn it through:
- Discovering Web3 products
- Participation in various games
- Add value to the ecosystem
- Web3 developers can offer their products to the community through Notcoin campaigns.
In early May, the team released another update on a feature called Notcoin Explore. In addition to the beta version of their clicking game, Notcoin Explore adds something “more advanced” to the project. It essentially allows users to explore new Web3 products and NOT make money in the process.
The process is two-fold: new Web3 projects will acquire NOT from the marketplace and add it to the campaign pool, which will then reward NON to community members who interact.
Regardless, Notcoin has become a viral cryptocurrency, hosting nearly 7 million people in its Telegram group and nearly 2 million on X.
The team also stated that it will start burning tokens from the total supply once the project goes live on the chain.
A different approach to Tokenomics
Many projects have some sort of maturation schedule for their total offering with the goal of preventing excessive selling pressure on initial listing day.
True to its mysterious nature, Notcoin has taken a different approach, pushing to unlock 100% of the supply on day one.
Now, it is important to note that this does not mean that 100% of the tokens will go into trading immediately. The token distribution also includes airdrops that belong to miners. These may not be fully claimed.
Essentially, the total supply is 102,719,221,714 NON tokens and the distribution looks like this:
Binance Launchpool: 3% of the offering
Miners: 78% of supply
Ecosystem Fund: 9% of the offer
Community incentives: 5% of the offer
Development: 5% of the offer
We won’t publish the release schedule because… well, it will all be released at once.
Participate in the Binance Launchpool
As you can see, 3% of the total supply is reserved for Binance Launchpool participants.
Participating is extremely simple. You will need a Binance account. If you don’t have one, be sure to register using this link.
From there, go to the top menu and hit “More.” A drop-down menu will appear: Select the Launchpad and Launchpool option.
Once you enter the Launchpool, the Notcoin project will appear at the top. You need to select the pool you want to participate in: FDUSD or BNB. We chose FDUSD.
Here you will be able to see all the details about the Launchpool. This includes the farming period, the total number of tokens staked, the maximum hourly rewards, as well as the number of people who have signed up and what your current stake is:
To start farming Launchpool, just press “stake”, enter the amount you want to commit (you can withdraw immediately at any time) and confirm your action.
This is everything you need to know about participating in the Notcoin Launchpool on Binance.
Trading will begin on May 16 at 12:00 UTC, when the following trading pairs will NOT be listed on the Binance Spot exchange:
- NOT/BTC
- NOT/USDT
- NOT/BNB
- NOT/FDUSD
- DO NOT TRY
This post was created by Notcoin.