Notcoin successfully breaks into the mainstream and lists on major exchanges, summarizing key information on the eve of its opening
Notcoin distributed the vast majority of tokens to the community, with only 5% allocated for project development and no shares for investors.Original Title: Cycle Capital Research: "Notcoin Successfully Breaks the Circle and Lands on Major Exchanges, Key Information Before the Opening"
Author: Cycle Capital Research
1. What is Notcoin?
Notcoin is a free and easy-to-use Telegram game where users earn coins by tapping their phone screens. The Tap to Earn mechanism has attracted many users into Web3. Since its launch on January 1, 2024, Notcoin has become one of the hottest channels on Telegram in terms of popularity and user count. The community is highly active, with over 30 million participants, more than 6 million members in the Telegram group, and daily active peaks exceeding 5 million, backed by Telegram's 1.3 billion+ users.
In March, LD Capital published a detailed research report and expressed optimism about its future performance. The fundamentals can be traced back to previous content “The Viral Notcoin: Can It Become the Meme Coin Breaking Through the Ton Ecosystem?”. Currently, Notcoin, with its massive user base and potential, supported by the TON Foundation's resources and the concept of fair distribution of MEME coins, successfully landed on major cryptocurrency exchanges in May, achieving a breakthrough.
2. Recent Trends
Recently, Notcoin has transitioned from a simple and direct gameplay logic Telegram game to gaining favor from mainstream cryptocurrency exchanges and funds. It will be listed for trading on May 16 across 18 exchanges, including Binance, Okx, Bybit, Kucoin, Bitget, Gate io, Bitmart, Bitfinex, Cryptocom, and others.
This shift somewhat represents a change in the tendency of exchanges and investors in selecting targets in the secondary market. Against the backdrop of tight market liquidity, individual investors have grown weary of immediately picking up VC coins at launch, and the sentiment of not picking up each other's coins has led to a continuous decline in new coins. The current market sentiment has shifted from low liquidity, high FDV VC coins to high liquidity, community-focused Meme coins.
3. Listing Information
Notcoin will be listed for trading on May 16 at 12:00 (UTC) (20:00 Beijing time) across various exchanges. Recently, some exchanges have launched mining activities, such as Binance starting its Launchpool on May 13, 2024, at 00:00 (UTC), supporting two pools: BNB and FDUSD.
Token Name: Notcoin (NOT)
Maximum Token Supply: 102,719,221,714 NOT
Initial Circulating Supply: 102,719,221,714 NOT (100% of the maximum token supply - fully circulated)
From the token distribution, the trend in coin selection can be further observed. Notcoin has allocated the vast majority of its tokens to the community, mining over 78% through the Tap to Earn method, with only 5% allocated to project development and no shares for investors.
4. Pre-Opening Preparation
Participants before the opening can be roughly divided into three types: 1. Early participants in gold mining and off-market voucher purchases 2. Participants in mining across major exchanges 3. Those who have not yet participated and are waiting for the opening.
For Role 1, if you hold NFT vouchers listed on getgems, you should import them into Notcoin's Telegram BOT in a timely manner (minting fee 0.06 per voucher), and then withdraw to the exchange (transaction fee 1.5%); if you hold wnot, wait for the not conversion to open (expected to be available on the listing day).
For Role 2, participate according to the rules of each exchange, among which Binance's Launchpool has the highest total token rewards: 3,081,576,651 NOT (3% of the maximum token supply).
For Role 3, participate based on valuation and opening conditions.
5. Valuation Situation
On the evening of May 15, according to the NFT vouchers from getgems; WNOT from ston.fi; and the off-market price from aevo were 0.0101; 0.0089; 0.00795 respectively.
NOT is a fully circulated token, making it more suitable for comparison with MEME coins. The listing rhythm is relatively fast, making it more reasonable to compare with BOME; recent projects with moderate popularity have listed with market capitalizations between 500 million to 1 billion; at the same time, the neutral to bullish data results from the CPI on May 15 have boosted the overall market. It is believed that NOT is expected to surge above 0.01 at the opening, with a pullback range between 0.006 and 0.01.
