The current circulating market value of Notcoin is higher than the total of zkSync and LayerZero, showing the undeniable power of Memecoin.
Notcoin founder: Click-to-earn model is not sustainable
Notcoin has surpassed zkSync and LayerZero in terms of the total circulating market value. The Telegram game Notcoin, based on the TON public chain, has been gaining popularity since its launch in early January. After a brief decline in mid-May, it began a frenzy of growth in early June, with a daily trading volume surpassing mainstream cryptocurrencies such as SOL and BNB, and the price reaching as high as $0.0294 and a market value exceeding $2.5 billion.
Currently, it has entered a consolidation phase and is trading at $0.0156, with a 9.76% increase in the past 24 hours. (Dynamically remind that NOT is highly volatile, please be cautious and risk-averse)
Notcoin’s circulating market value surpasses the total of zkSync and LayerZero
Last night, @trade_tg, with 643,000 followers on X, released statistics showing that the scale of tokens airdropped to users by Notcoin is larger than the recent airdrops of L2 network zkSync and LayerZero combined, demonstrating the significant power of the meme coin.
Trade data shows:
Number of tokens claimed by users: Notcoin: 11.5 million, zkSync: 695,000, LayerZero: 1.28 million.
Total airdrop value (calculated at the highest market value): Notcoin: $25 billion, zkSync: $9.54 billion, LayerZero: $3.23 billion.
If calculated based on the current circulating market value, according to CMC data: Notcoin: $1.6 billion, zkSync: $630 million, LayerZero: $710 million, Notcoin still exceeds the total of the latter two.
@trade_tg also added that since its launch, Notcoin has attracted a far larger number of Web3 users in just six months compared to any other project:
Notcoin has no investors, does not charge users in the game, and the airdrop is also free. Anyone can earn it in the mining phase, and what initially “may have nothing” has become a massive phenomenon in the crypto community.
In the first six months after its public release, Notcoin attracted more people to join Web3 than any other project. Without raising any funds, NOT landed on Binance within just two weeks of its launch, with a market value of over $25 billion.
Notcoin founder: Click-to-earn model is not sustainable
However, Notcoin is ultimately just a meme coin and does not have practical utility like ZK or ZRO. Sasha, the anonymous founder of Notcoin, pointed out in a recent interview this month that he does not believe that the model of earning in-game currency by clicking buttons for free is sustainable.
I don’t think it will last forever, I don’t think it has any sustainability.
In my opinion, only games with sustainable models can survive.
Therefore, Sasha hopes to move Notcoin away from the narrative of a click game, and the plan for the next four years is to build a sustainable and efficient subsystem to make the project independent of the team.
Notcoin destroyed $3 million worth of tokens
Furthermore, yesterday, the official Notcoin tweet announced that $3 million worth of NOT tokens had been destroyed, and a $4.2 million reward would be provided to gold and silver users of Notcoin Explore:
Notcoin’s token economics now focuses heavily on the community, just now, $3 million worth of NOT tokens have been destroyed, and a $4.2 million reward will be provided to gold and silver users of Notcoin Explore.
Currently, 94.18% of NOT is held by 11.5 million people, including traders, miners, and stakers. 5.82% will be used for future development.
With the community as the primary stakeholders, the future looks bright.
As the most successful meme coin in the TON ecosystem, what will Notcoin’s next development be? It is worth our continued attention.