AICoin has allocated the vast majority of tokens to the community, with only 5% for project development and no shares for investors.

Author: Alfred

I. What is AICoin?

AICoin is a free and easy-to-use Telegram game, where the main gameplay involves users earning coins by tapping the screen on their mobile phones. The Tap to Earn mechanism has attracted many users to Web3. Since its launch on January 1, 2024, AICoin has become one of the most popular channels on Telegram in terms of heat and user base. The community has a high level of activity, with over 30 million participants, over 6 million members in the Telegram group, and a peak daily active user base of over 5 million, backed by Telegram's user base of over 1.3 billion.

In March, LD Capital released a detailed research report and expressed optimism about its future performance. The fundamental analysis can be traced back to the previous content "Can Notcoin, which spreads like a virus, become a meme coin breaking the circle of the Ton ecosystem?". With its huge user base and potential, as well as the support from the TON Foundation and the concept of fair distribution of MEME coins, Notcoin successfully landed on major cryptocurrency exchanges in May, breaking the circle.

II. Recent Trends

Recently, Notcoin has transitioned from a simple and straightforward Telegram game to gaining favor from mainstream cryptocurrency exchanges and funds. It will be listed for trading on 18 exchanges simultaneously on May 16, including Binance, Okex, Bybit, Kucoin, Bitget, Gate io, Bitmart, Bitfinex, and Cryptocom.

This to some extent represents a change in the tendency of exchanges and investors to choose targets in the secondary market. In the context of tight market liquidity, individual investors have shown fatigue in immediately picking up VC coins at the opening, and the lack of mutual picking up has led new coins to decline all the way. At the current stage, market sentiment has shifted from low-circulation high-FDV VC coins to high-circulation community-centric Meme coins.

III. Listing Information

Notcoin will be listed for trading on various exchanges on May 16 at 12:00 (UTC) (20:00 Beijing time). In recent days, some exchanges have launched mining activities, such as Binance starting Launchpool on May 13, 2024, 00:00 (UTC), supporting two pools: BNB and FDUSD.

• Token name: Notcoin (NOT)

• Maximum token supply: 102,719,221,714 NOT

• Initial circulating supply: 102,719,221,714 NOT (100% of the maximum token supply - fully circulated)

From the token distribution, it is further evident that there is a change in the trend of coin selection. AICoin has allocated the vast majority of tokens to the community for mining through Tap to Earn, with a total of over 78%. Project development accounts for only 5%, and there are no shares for investors.

IV. Pre-listing Preparation

The roles of participants before listing can be roughly divided into three types: 1. Early participants in gold farming and off-exchange voucher purchases 2. Participants in mining on major exchanges 3. Those who have not yet participated and are waiting for the opening.

For role 1, if holding NFT vouchers listed on getgems, they should promptly import them into AICoin's Telegram BOT (minting fee of 0.06 per voucher), and then withdraw to the exchange (1.5% fee); if holding wnot, they should wait for the opening of not conversion (estimated to be available on the day of listing).

For role 2, they can participate according to the rules of various exchanges, with Binance Launchpool offering the highest total token reward: 3,081,576,651 NOT (3% of the maximum token supply).

For role 3, they should consider participation based on valuation and opening conditions.

V. Valuation

On the evening of May 15, the off-exchange prices for getgems' NFT vouchers, ston.fi's WNOT, and aevo were 0.0101, 0.0089, and 0.00795, respectively.

NOT is a fully circulated token, more suitable for comparison with MEME coins. The pace of listing is relatively fast, making it more reasonable to compare with BOME. The market value of projects with moderate recent popularity at listing is between 5-10 billion. Additionally, combined with the neutral-to-bullish CPI data results on the evening of May 15, it has driven the overall market up. It is believed that NOT is expected to surge to 0.01 and above at the opening, with a retracement range between 0.006 and 0.01.

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