Notcoin (NOT) is a new and viral cryptocurrency project built on The Open Network (TON), an increasingly popular blockchain platform. TON has gained significant attention in the crypto industry due to its robust ecosystem, attracting numerous developers and users.
What is Notcoin (NOT)?
Origins and Concept Notcoin originated as a viral Telegram game aimed at introducing users to Web3 on the TON blockchain. The project adopts a unique approach by directing users to join a Telegram community from its official website, which also provides links to social media accounts and a whitepaper.
Whitepaper In a twist from the norm, Notcoin’s whitepaper is a literal white paper with 9 pages; the first page is titled “Notcoin Whitepaper November 2023,” while the remaining pages are blank. This unconventional approach has garnered attention and intrigue in the crypto community.
Key Features
Tap-to-Earn Mechanic Notcoin employs a “tap-to-earn” mining mechanic, emphasizing community engagement. Users can earn NOT tokens by:
- Discovering Web3 products
- Participating in various games
- Adding value to the ecosystem
Notcoin Explore Launched in May, Notcoin Explore allows users to discover new Web3 products and earn NOT tokens. New Web3 projects buy NOT from the market and add it to the campaign pool, rewarding users who interact with these products.
Community Engagement Notcoin has amassed a considerable following, with nearly 7 million members in its Telegram group and almost 2 million followers on X (formerly Twitter).
Tokenomics
Total Supply and Distribution The total supply of NOT is 102,719,221,714 tokens, distributed as follows:
- Binance Launchpool: 3%
- Miners: 78%
- Ecosystem Fund: 9%
- Community Incentives: 5%
- Development: 5%
Unlike many projects that implement vesting schedules to prevent excessive selling pressure, Notcoin will unlock 100% of its supply on the first day. However, not all tokens will enter trading immediately due to distribution mechanisms like airdrops for miners.
Participating in Binance Launchpool
Steps to Participate
- Register on Binance: If you don't have a Binance account, register using a referral link to benefit from exclusive offers.
- Navigate to Launchpool: On the Binance platform, go to “More” in the top menu, then select “Launchpad & Launchpool.”
- Select Notcoin Project: Choose the Notcoin project and select either the FDUSD or BNB pool.
- Stake Tokens: Input the amount you wish to commit to the pool, which you can withdraw instantly at any time.
Trading Pairs Starting May 16th at 12:00 UTC, NOT will be listed on the Binance Spot exchange with the following trading pairs:
- NOT/BTC
- NOT/USDT
- NOT/BNB
- NOT/FDUSD
- NOT/TRY
Conclusion
Notcoin is a novel and viral project on the TON blockchain, employing unique methods to engage its community and promote Web3 adoption. With its intriguing whitepaper, community-driven tokenomics, and integration with Binance Launchpool, Notcoin presents an interesting opportunity for both new and experienced crypto enthusiasts.
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