Unpacking the New Token NOT on TON
There’s a new coin that’s been launched on The Open Network (TON) and its associated with an application called Notcoin, a clicker game in Telegram, where you can earn Notcoins by playing alone or with a team of friends. The game was officially revealed in November 2023. After the intro, Notcoin quickly gained traction as a simple, engaging game on Telegram where users “mined” tokens by tapping on an icon but now the actual coin is minted on TON and trading on several crypto exchanges.
Basically inside the game a user performs tasks and taps on the coin icon within the Telegram application. Every tap equaled a single notcoin (NOT) and just like mining bitcoin (BTC), you expend energy to mine NOT, and that energy runs out. It refreshes, however, when the user is not participating in the click-to-mine process. Without really openly telling people about the game, Notcoin witnessed millions of users from all around the world sign up. The initial mining scheme of NOT officially ended on March 31, 2024.
On May 20, 2024, there’s more than 102 billion NOT in existence on the TON chain. It is currently valued at $0.00568 per unit which gives it a market capitalization of $574 million. According to NOT’s tokenomics, NOT miners got 78% of the supply and Binance’s Launchpool was distributed 3%. There’s an ecosystem fund that got 9% of the supply and developers get 5%. Another 5% of the supply is meant for community incentives. Four days ago, NOT hit an all-time high (ATH) of $0.007486 per coin, and today, it is down 24.8% lower than the ATH reached on May 17, 2024.
The meteoric rise of Notcoin, a seemingly innocuous clicker game, has defied expectations so far, captivating millions worldwide and solidifying its place in the burgeoning world of cryptocurrency. At press time it’s within the top 200 largest coins by market valuation positioned at 146 among thousands of crypto assets. As the mining phase concludes and the token transitions to mainstream trading, its future remains an intriguing enigma, a testament to the unpredictable and ever-evolving nature of air-dropped digital assets.
What do you think about the TON token notcoin (NOT)? Share your thoughts and opinions about this subject in the comments section below.
