Notcoin successfully listed on major exchanges. This article summarizes the key information before the opening

Author: Alfred, Cycle Capital Research

1. What is Notcoin?

Notcoin is a free and easy-to-use Telegram game. The gameplay is mainly for people to earn coins by tapping the mobile phone screen. The Tap to Earn mechanism allows many users to enter Web3. Since its launch on January 1, 2024, Notcoin has become one of the most popular and user-rich channels on Telegram. The community is extremely popular, with more than 30 million participants, more than 6 million Telegram groups, and an average daily active peak of more than 5 million, backed by Telegram, which has more than 1.3 billion users.

In March, LD Capital issued a research report with a detailed introduction and was optimistic about the subsequent performance. The fundamentals can be traced back to the previous content "LD Capital: Can the viral Notcoin become the meme coin that breaks the circle of the TON ecosystem? ". Currently, Notcoin has successfully landed on major crypto exchanges in May and achieved breakthroughs with its huge total number of users and potential, the resource support of the TON Foundation and the popularity of the concept of fair distribution of MEME coins.

II. Recent Trends

Notcoin has recently gone from a Telegram game with simple and direct gameplay logic to gaining the favor of mainstream crypto exchanges and funds. It will be listed and traded on 18 exchanges on May 16, including Binance, Okx, Bybit, Kucoin, Bitget, Gate io, Bitmart, Bitfinex, Cryptocom, etc.

This to a certain extent represents that the tendency of exchanges and investors to choose targets in the secondary market is changing. In the context of tight market liquidity, individual investors are tired of VC coins that are bought at the opening, and the sentiment of not buying each other has also caused the new coins to fall all the way. At this stage, the market sentiment has shifted from VC coins with low circulation and high FDV to Meme coins with high circulation ratio and heavy community.

3. Coin Listing

Notcoin will be listed and traded on various exchanges at 12:00 (UTC) on May 16 (20:00 Beijing time). Recently, some exchanges have launched mining activities. For example, Binance will start Launchpool at 00:00 (UTC) on May 13, 2024, supporting two types of pools: BNB and FDUSD.

• Token name: Notcoin (NOT)

• Maximum token supply: 102,719,221,714 NOT

• Initial circulation supply: 102,719,221,714 NOT (100% of maximum token supply - full circulation)

From the token distribution, we can further see the change in the trend of coin selection. Notcoin distributes the vast majority of tokens to the community, which mines through Tap to Earn. The total amount exceeds 78%, project development accounts for only 5%, and there is no investor share.

Fourth, Pre-market preparation

The roles involved in pre-market trading can be roughly divided into three types: 1. Participating in gold farming and over-the-counter voucher purchases at an early stage 2. Participating in mining on major exchanges 3. Not participating yet and waiting for the opening

For role 1, if you hold NFT vouchers listed on getgems, you should import them on Notcoin's Telegram BOT in time (minting fee 0.06/voucher), and then withdraw the coins to the exchange (handling fee 1.5%); if you hold whot, wait for the not conversion to be enabled (estimated to be available on the day of listing).

For role 2, you can participate according to the rules of each exchange. Among them, Binance Launchpool has the largest total token reward: 3,081,576,651 NOT (3% of the maximum token supply).

For role 3, participate in combination with valuation and opening conditions.

V. Valuation

On the evening of May 15, according to getgems's NFT voucher; ston.fi's WNOT; aevo's OTC prices were 0.0101; 0.0089; 0.00795 respectively.

NOT is a fully circulated token, which is more suitable for comparison with MEME coins. The pace of listing is faster, and it is more reasonable to compare with BOME; the market value of projects with general popularity recently is between 500 million and 1 billion; at the same time, combined with the neutral and positive CPI data results on the evening of May 15, the market has been boosted. It is believed that NOT is expected to rise to 0.01 or above at the opening, and the decline range is between 0.006–0.01.