Notcoin (NOT): tokenomics, risks and score
A token distributed through a Telegram tapping game that reached tens of millions of players, one of the largest user acquisition events in crypto history.
What Notcoin is, and what it does
This is a memecoin. It has no product, no revenue and no mechanism producing value. It is worth what attention makes it worth, which is the whole proposition and should be understood before buying.
What the NOT token itself does: It captures no protocol revenue. Any value rests on governance rights, on speculation, or on a change that has not happened yet.
Where it runs: TON. Mechanism: TON based token distributed through a tap to earn game. It has been running since 2024, so roughly 2 years.
The facts
- TICKER
- NOT
- SECTOR
- Memecoins
- CHAIN
- TON
- LAUNCHED
- 2024, so around 2 years of operating history
- MECHANISM
- TON based token distributed through a tap to earn game
- MAXIMUM SUPPLY
- 102.7 billion
- VALUE CAPTURE
- None
- UPGRADE CONTROL
- DAO governed
- VESTING
- Complete
- LIQUIDITY BAND
- Micro cap. Thin, often a single venue or pool. Treat the quoted price as indicative only.
How the score breaks down
Each dimension is explained on the directory page, and the reasoning behind it is taught in the Academy research process.
Supply and value capture
A hard maximum supply that cannot be raised without the agreement of essentially every participant. The token captures no protocol revenue. Any value rests on governance rights, speculation, or future changes that have not happened yet.
Changes go through token holder governance, so control is distributed but influenced by whoever holds most. Ownership is heavily concentrated. A small number of wallets hold enough to determine the price on their own.
Where it is strong and where it is not
- Supply is capped, so holders are not diluted indefinitely
- Audited, with published reports
- Fully open source, so the code can be independently reviewed
- Vesting is complete, so there is no scheduled supply overhang
- Heavily concentrated ownership means a few wallets control the outcome
- The token captures no protocol revenue, so its value rests on sentiment
- Thin liquidity. Check order book depth before assuming you can exit
- Short operating history, so it has not yet been tested by a full market cycle
Incident history
No major exploit, collapse or regulatory action on record against this asset.
Our read
The main risk
Retention collapsed after the distribution ended, and the token has no mechanism or revenue.
Before you buy anything
Check the contract address against the project's own documentation rather than a search result or a screener link, since impersonation tokens with identical names and logos are listed constantly. Check the order book depth before assuming you can exit at the quoted price. And write down what would make you wrong before you buy, not after. The Academy thesis module covers why that single habit protects more capital than any indicator.