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Do you rely on memes to get out of the circle? Can Notcoin help TON stand out?

Do you rely on memes to get out of the circle? Can Notcoin help TON stand out?

BlockBeats-Article2024/04/01 09:37
By:BlockBeats-Article
Original title: "Can the viral Notcoin become a meme coin that breaks the Ton ecosystem? 》
Original author: Alfre, LD Capital


1. Backed by 9 Billion Monthly Activity TON


The Open Netwotk (TON), formerly known as Telegram Open Network, was created by the Telegram team in 2018. During the ICO era, it was accused by SEC of unregistered After the issuance of securities, 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 traffic entrance. Telegram will build a decentralized digital ecosystem with freedom and privacy by supporting TON .


Telegram With its insistence on freedom of speech and protection of privacy, it has attracted many users around the world. It has more than 1.3 billion registered users and nearly 9 monthly active users (MAU)  100 million. 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, In South America and the Middle East, the characteristics of retail investors are more obvious and the demand for point-to-point payment is strong. They are ideal groups to be converted by Web3.


Recently, in addition to Telegram founder Durove stating that he is considering an IPO plan; Durove made a public announcement on his personal channel ; The official sales channel of TON tokens; Telegram advertising platform will be officially open to all advertisers in nearly a hundred new countries. In order to ensure the speed and security of advertising payments and withdrawals, the TON blockchain will be exclusively used by content creators. Will be able to cash out their Toncoin, or reinvest it into promoting and upgrading their channel. These moves will accelerate the development of the TON network and truly broaden the use cases and scenarios of blockchain.


Do you rely on memes to get out of the circle? Can Notcoin help TON stand out? image 0


2. Viral Notcoin


Notcoin is a free and easy-to-use Telegram game. The main gameplay is that people earn coins by tapping the mobile screen. Since January 1, 2024 Since its launch, 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.


Do you rely on memes to get out of the circle? Can Notcoin help TON stand out? image 1


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 followers.


Do you rely on memes to get out of the circle? Can Notcoin help TON stand out? image 2


At the beginning of 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 coupons NFT with 10 million or 100 million game coins. Currently, the NFT has been launched 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 converted into tokens.


According to Notcoin  game representatives previously stated that the token generation event and subsequent airdrops to players will take place in late March or early April.


Do you rely on memes to get out of the circle? Can Notcoin help TON stand out? image 3


3. Comparison of relevant data


According to 27 daily data, Notcoin NFT approximately  50 Ten thousand are in circulation, with the current value of one piece 10 M= 9 TON (calculated based on 5 U ), the market value is approximately 22.5 million USD, and the total trading volume is  200,000 TON, and the transaction volume is approximately 1,000,000.


Do you rely on memes to get out of the circle? Can Notcoin help TON stand out? image 4


Since 3.15  ; Beginning, the trading volume of Notcoin NFT began to be active, with the highest recent transaction volume of 25 on the 25th. The average transaction price was 10 M= 6.7 TON, and the transaction volume was  837,500 US dollars, with 21,000 daily transactions on the 26th, the average transaction price was 10 M = 9.9 TON, and the transaction volume was US$1,039,500. The highest transaction price appeared on March 13th at 10 M=66 TON, and the lowest price appeared on March 20th at 10 M=3.7 TON.


Do you rely on memes to get out of the circle? Can Notcoin help TON stand out? image 5


Bybit announced on Monday that starting from 10 a.m. UTC on Monday: Starting at 00:00, the Telegram-based meme coin Notcoin ($NOT) will be listed on its pre-market trading platform. According to data on the 27th, bybit's pre-market trading quotation is US$10M = US$60-90, which is a considerable premium compared to NFT market transactions.


Do you rely on memes to get out of the circle? Can Notcoin help TON stand out? image 6


Compare the current TON ecologically ranked number one meme  Coin FISH, its current market value is 39 million million, 24 hourly trading volume is 255 million. Notcoin During the NFT trading stage, the market capitalization and trading volume are approximately 1/2 of FISH .


Do you rely on memes to get out of the circle? Can Notcoin help TON stand out? image 7


IV. Conclusion


Currently, the rise of meme coins has become an important way to break through the public chain ecology. The TON ecology is currently in a relatively early stage, but backed by Telegram’s huge number of users, 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 has received official support from TON and has a huge user base. It has the opportunity to become the choice of the meme currency that breaks the circle. However, the risk is that the current token economy is still unclear. More than 20 million US dollars of NFTs have been circulated before the secondary launch. There was considerable selling pressure when it was launched. However, based on the fundamentals, the project is considered Has potential in the medium term.


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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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