Cycle Capital Research: Notcoin successfully breaks through the circle and lands on major exchanges. This article summar

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Original author: Alfred

Cycle Capital Research: Notcoin successfully breaks through the circle and lands on major exchanges. This article summar

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 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-friendly 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.

Cycle Capital Research: Notcoin successfully breaks through the circle and lands on major exchanges. This article summar

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:

( https://ld-capital.medium.com/ld-capital-%E7%97%85%E6%AF%92%E5%BC%8F%E4%BC%A0%E6%92%AD%E7%9A%84notcoin-%E8%83%BD%E5%90%A6%E6%88%90%E4%B8%BAton%E7%94%9F%E6%80%81%E7%A0%B4%E5%9C%88%E7%9A%84meme%E5%B8%81-158ca4636f4b ), currently Notcoin has successfully landed on major cryptocurrency exchanges in May and achieved breakthroughs due 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.

Cycle Capital Research: Notcoin successfully breaks through the circle and lands on major exchanges. This article summar

II. Recent Trends

Notcoin has recently evolved from a Telegram game with simple and straightforward gameplay logic to gaining favor with 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 indicates to a certain extent 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). Some exchanges have recently 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)

  • Max Token Supply: 102, 719, 221, 714 NOT

  • Initial Circulating Supply: 102,719,221,714 NOT (100% of Max Token Supply – Full Circulation)

From the distribution of tokens, 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 the Tap to Earn method. The total amount exceeds 78%, and project development accounts for only 5%, and there is no investor share.

Cycle Capital Research: Notcoin successfully breaks through the circle and lands on major exchanges. This article summar

4. Pre-market preparation

The roles of those who participate in the pre-market 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 market to open

For role 1, if you hold NFT vouchers listed on getgems, you should import them on Notcoins Telegram BOT in a timely manner (minting fee 0.06/voucher), and then withdraw the coins to the exchange (handling fee 1.5%); if you hold wnot, 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. Binance Launchpool has the largest total token reward: 3,081,576,651 NOT (3% of the maximum token supply).

For role 3, participation is based on both valuation and opening conditions.

5. Valuation

On the evening of May 15, the over-the-counter prices of getgems’ NFT vouchers, ston.fi’s WNOT, and aevo were 0.0101, 0.0089, and 0.00795, respectively.

NOT is a fully circulated token, which is more suitable for comparison with MEME coin. It has a faster listing rhythm, which makes it more reasonable to compare with BOME. The market value of the projects with average popularity recently listed is between 500 million and 1 billion. At the same time, the neutral to positive CPI data on the night of May 15 boosted the market. 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 and 0.01.

Cycle Capital Research: Notcoin successfully breaks through the circle and lands on major exchanges. This article summar

This article is sourced from the internet: Cycle Capital Research: Notcoin successfully breaks through the circle and lands on major exchanges. This article summarizes the key information on the eve of the opening

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