Author Alfre, LD Capital
The Open Netwotk (TON), formerly known as Telegram Open Network, was created by the Telegram team in 2018 , after being accused by the SEC of conducting unregistered securities issuances in the ICO era, the Telegram team paid a fine to reach a settlement and abandoned the project, and the community TON Foundation continued to develop and operate it. Although it is nominally separated from Telegram, the actual connection between the two is still direct. TON has always been the only public chain officially supported by Telegram and continues to be deeply integrated with Telegram. TON will continue to benefit from Telegram’s huge user base and As a traffic portal, Telegram will build a decentralized digital ecosystem with freedom and privacy by supporting TON.
Telegram’s insistence on freedom of speech and privacy protection has attracted many users around the world. It has more than 1.3 billion registered users and nearly 900 million monthly active users (MAU). At the same time, Telegram has great advantages in acquiring Web3 users. Thanks to the relaxed atmosphere of speech and regulatory environment, almost all Web 3.0/Crypto projects operate communities on Telegram, and Telegram’s users are concentrated in Asia, Europe, South America, and the Middle East. , retail investors have obvious characteristics and have strong demand for point-to-point payments, making them an ideal group to be converted to Web3.
Recently, in addition to Telegram founder Durove telling reporters that he is considering an IPO; Durove announced the official sales channel of TON tokens on his personal channel; Telegram advertising platform will officially sell to nearly a hundred Open to all advertisers in the new country, to ensure fast and secure ad payments and withdrawals, the TON blockchain will be used exclusively, and content creators will be able to cash out their Toncoins, or reinvest them to promote and upgrade their channels . These moves will accelerate the development of the TON network and truly broaden the use cases and scenarios of blockchain.
Notcoin is a free and easy-to-use Telegram game. Its main gameplay is that people earn coins by tapping the phone screen. , since its launch on January 1, 2024, its popularity has surged. Currently, the game has more than 30 million participants, with average daily activity reaching 5 million, making it the fifth-ranked channel on Telegram.
According to the TON Foundation’s statement and external interviews, Open Builders founder Sasha Plotvinov and her team are building Notcoin. Open Builders is an organization dedicated to providing financing for projects on the TON blockchain. It is tied to Tonstarter, a platform that successfully raised $1.5 million in seed funding last year specifically to support projects based on the TON blockchain. In addition, TON's official Twitter has also forwarded Notcoin-related tweets many times. Notcoin's official Twitter currently has 1.5 million fans.
In early March, Notcoin launched a feature that allows elite players to convert large amounts of in-game currency into NFT vouchers that can be traded before their tokens are officially released. Players can choose to exchange 10 million or 100 million game coins for coupon NFTs. Currently, the NFT has been listed on the TON ecological NFT trading platform Getgems for advance trading and pricing. When the token is officially issued on the chain, the NFT can be exchanged for tokens.
According to Notcoin’s gaming representatives, the token generation event and subsequent airdrops to players will take place at the end of March or early April.
According to data on the 27th, there are about 500,000 Notcoin NFTs in circulation, and the current value is 10M=9TON per piece (calculated based on 5U) , the market value is approximately US$22.5 million, the total transaction volume is 2 million TON, and the transaction volume is approximately 10 million.
Since March 15, the trading volume of Notcoin NFT has become active. On the 25th, the highest number of transactions was 25,000. The average transaction price was 10M=6.7TON, and the transaction volume was US$837,500. The transaction volume on the 26th 21,000 pieces, the average transaction price was 10M=9.9TON, and the transaction volume was US$1.0395 million. The highest transaction price appeared on March 13th at 10M=66TON, and the lowest price appeared at 10M=3.7TON on March 20th.
Bybit announced on Monday that the Telegram-based meme currency Notcoin ($NOT) will be available on its pre-market trading platform starting at 10:00 a.m. UTC on Monday. Listed. According to data on the 27th, bybit’s pre-market trading quotation is 10M = 60-90 US dollars, which is a considerable premium compared to NFT market transactions.
Compared with FISH, the meme currency currently ranked number one in the TON ecosystem, its current market value is 39 million and its 24-hour transaction volume is 2.55 million. In the NFT trading stage, Notcoin’s market value and trading volume are approximately 1/2 of FISH.
The current rise of meme coins has become an important factor in the public chain ecology. As for the way to break the circle, the TON ecosystem is currently in a relatively early stage, but backed by Telegram’s huge user base, there is no doubt about its development potential. Compared with the development of ecological project TVL, meme-driven popularity has become an easier method to achieve in the short term. Taken together, the Notcoin project is officially supported by TON and has a huge user base. It has the opportunity to become a meme currency choice that breaks the circle. However, the risk is that the current token economy is still unclear. More than 20 million US dollars of NFT have been circulated before the secondary launch. There was considerable selling pressure when it was launched. However, based on the fundamentals, it is believed that the project has potential in the medium term.
Notcoin was launched as a Telegram mini-program in January this year. In just three months, it attracted more than 35 million users, with daily active users reaching 6 million. Its tokens were also listed on major exchanges such as Binance and OKX.
JinseFinanceUXLINK will not only set a new benchmark in the field of SocialFi, but will also promote the development and transformation of the entire industry.
JinseFinanceRecommended readings for today's evening: 1. Cryptocurrency events worth watching in June; 2. Vitalik: Thoughts on the dispute over the size of Bitcoin blocks; 3. Is MeMe coin really swallowing up VC coins? ;
JinseFinanceNotcoin, Why is Notcoin so popular? Golden Finance, Summary of Notcoin’s popularity: It can only be used as a reference, not copied.
JinseFinanceCurrently, Notcoin has successfully landed on major cryptocurrency exchanges in May, breaking through the circle, thanks to 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.
JinseFinanceGolden Picture, Notcoin, Learn about the viral game Notcoin (NOT) on Telegram Golden Finance, Will Notcoin become a meme coin choice that breaks the circle?
JinseFinanceNotcoin is a popular clicker game on Telegram based on the TON blockchain, whose appeal lies in simple game mechanics and the promise of actual cryptocurrency rewards.
JinseFinanceOn May 9, 2024, Binance issued an announcement stating that Binance New Coin Mining has now launched the 54th project - Notcoin (NOT), a community token that introduces users to web3 through a click-to-earn mining mechanism.
JinseFinanceTelegram-based game Notcoin will end its “mining phase” in a week. Below is the estimated time for the NOT token airdrop.
JinseFinanceNotcoin, a popular Telegram clicker game, is preparing for a token airdrop, attracting millions of players and introducing NFT vouchers for trading.
Alex