⚡️ #Binance Launchpool Episode 54 | A Complete Analysis and Price Prediction of $NOT, the MEME Coin Boosting the TON Ecosystem —
Yesterday, there were speculations of unusual movements in #BNB and #FDUSD, hinting at a potential new listing. As expected, a new project has been announced by @binance for the 54th episode:
Telegram-based Meme project Notcoin (NOT) — Mining starts at 8:00 on May 13th, with full circulation upon listing; yes, you read that right, full circulation!
Personal speculation for the listing: TON chain may become the next hot spot.
The entire industry is struggling to explore new narratives, and the Ton ecosystem, leveraging the massive user base of Telegram, has attracted a large number of non-crypto users. Notcoin, with its straightforward gameplay, has gained a significant user base from the Ton chain, and exchanges see a potential path to break into new user segments.
Therefore, compared to infrastructure projects in the crypto space, listing Notcoin may have a better chance of tapping into new user traffic.
Exchanges are always eager to explore fresh opportunities, so listing Ton is also a new attempt.
Notcoin is not the entirety of the Ton chain, just a beginning to make the market aware of the uniqueness of the Ton chain. The retention of the user base brought by Notcoin's 30 million viral mining is still in doubt.
Most importantly, we need to start paying attention to the Ton chain ecosystem, as it is different from the public chains we are familiar with. It relies on the massive user base of Telegram and may bring unexpected new points of integration, where opportunities often arise.
The mining will last for 3 days in total, and BNB and FDUSD can be staked to obtain the token Notcoin ($NOT).
💡This article mainly analyzes the following through related industry and project research:
What is Notcoin exactly?
The token model of Notcoin
How is the listing price estimated?
Binance-related research reports
1️⃣ Viral spread of Notcoin?
Notcoin is a Click-to-Earn project in the TON ecosystem, using a Telegram bot for mining by clicking on the mobile screen. Doing tasks can increase the clicking ability and frequency. It is simple and easy to get started, with no participation threshold, feeling like the pi coin on TON.
Although Notcoin positions itself as "perhaps nothing" meme, the fact is that the crypto community likes this simple and straightforward gaming approach —
Since its official launch at the beginning of the year, the number of participants in the game has exceeded 30 million, with a daily average of 5 million active users. This level of popularity and community activity would be remarkable for any GameFi project.
Overall, backed by Telegram's 900 million monthly active users, with official support from the TON Foundation, Notcoin connects the blockchain gaming and social sectors. If its social and economic mechanisms are further innovated and optimized, it has a great chance of becoming a viral meme that helps break the TON ecosystem into new circles.
2️⃣ Notcoin's token model
$NOT is the community token of the Notcoin project, used for the following functions:
① Explore: Earn income when discovering web3 products
② Play: Earn tokens by participating in new games
③ Contribute: Earn income by adding value to the ecosystem
④ Provide: Web3 builders can provide their products to the community through Notcoin activities
Token name: Notcoin ($NOT)
Initial circulation: 102,719,221,714 $NOT (100% of the maximum token supply)
Total token supply: 102,719,221,714 $NOT
Binance Launchpool allocation: 3,081,576,651 $NOT (3% of the total token supply)
3️⃣ Estimated listing price
In March, Notcoin introduced NFTs, allowing players to convert $NOT into NFT vouchers, which can be traded in advance and exchanged for tokens after listing, at a ratio of 1000:1.
Currently, there are over $20 million worth of NFTs circulating before the secondary listing.
NOT's pre-trading on Aevo has already experienced a surge, with the current price at 0.0094u. At this price, the market cap would be close to $1 billion upon listing.
Although Binance and OK are rarely listing NOT simultaneously, comparing it to FISH, the leading meme coin in the TON ecosystem with a current market cap of $39 million, Notcoin is highly likely to peak upon listing. The following 30 million users may further fuel the meme effect, helping the TON ecosystem truly break into new circles.
Upon listing, it will be fully circulated, with miners holding 78% of the tokens, so there may be significant selling pressure at the time of listing. It is advisable for everyone to be cautious about buying in.
4️⃣ Binance-related research reports
https://www.binance.com/en/research/projects/notcoin
Listing time: May 16, 2024, 20:00
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