This week, there has been considerable excitement in the crypto community surrounding a newly launched token called notcoin (NOT) on The Open Network (TON). This token is associated with a game on Telegram where users earn NOT by completing tasks and engaging in a click-to-mine system, which has garnered significant attention. Here's a detailed exploration of what NOT entails and how it functions.

Unveiling the New Token NOT on TON

A recent addition to The Open Network (TON) is notcoin (NOT), introduced through a game called Notcoin on Telegram. In this game, users earn Notcoins by playing individually or in teams. The game was officially unveiled in November 2023 and quickly gained popularity as a straightforward yet engaging game on Telegram, allowing users to "mine" tokens by tapping on an icon. Now, the actual coin is minted on TON and is tradable on various crypto exchanges.

Essentially, within the game, users complete tasks and tap on the coin icon in the Telegram application. Each tap earns them a single notcoin (NOT), resembling the process of mining bitcoin (BTC), where energy is expended to mine NOT, which replenishes when the user is not actively participating in the click-to-mine process. Despite minimal publicity, Notcoin attracted millions of users worldwide. The initial mining phase of NOT concluded on March 31, 2024.

As of May 20, 2024, over 102 billion NOT tokens exist on the TON chain, valued at $0.00568 per unit, resulting in a market capitalization of $574 million. According to NOT's tokenomics, NOT miners received 78% of the supply, while Binance's Launchpool was allocated 3%. An ecosystem fund, developers, and community incentives received 9%, 5%, and 5% of the supply, respectively. Notably, NOT recently reached an all-time high (ATH) of $0.007486 per coin but has since decreased by 24.8% from its ATH on May 17, 2024.

The remarkable ascent of Notcoin, initially perceived as a simple clicker game, has surpassed expectations, captivating millions globally and establishing its presence in the expanding realm of cryptocurrency. Currently ranked 146th among thousands of crypto assets by market valuation, its transition from the mining phase to mainstream trading adds an intriguing layer of uncertainty to its future, reflecting the dynamic and unpredictable nature of air-dropped digital assets.

What are your thoughts on the TON token notcoin (NOT)? Feel free to share your perspectives in the comments section below.