Notcoin
Crypto Overview
Overview
Notcoin (NOT) is a meme cryptocurrency launched on the TON blockchain in January 2024. It originated from a mobile game where users tap on a coin to earn points, which could later be converted to NOT tokens.
Purpose and Utility
The stated purpose of Notcoin is to serve as a community token within the TON ecosystem. The project started as a simple mobile game but evolved into a cryptocurrency with basic utility features including staking and governance capabilities.
Business Model & Implementation
The primary mechanism involves users playing the tapping game to earn points, which can be converted to NOT tokens. The project has implemented staking features and promises future governance utility. There are no clear indicators of involvement in prohibited activities like gambling or interest-based lending.
Development & Adoption
The project maintains active development on the TON blockchain. The game has attracted millions of users, though much of the current activity revolves around trading on decentralized exchanges. The development team remains anonymous but has consistently delivered on promised features.
Token Distribution
The token distribution includes allocations for game rewards, team development, and marketing. While specific vesting details aren't publicly available, the token distribution appears relatively balanced between different stakeholders.
Crypto Impact
To assign a comfort level investing in Notcoin from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Notcoin.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.