The crypto industry seems to be waking Up to the fact that gaming is one way to Achieve Mass adoption and investment and One crypto project that's been Capitalizing on this fact is NCoin you See not coin's integration with telegram Via the ton coin blockchain has made it Possible to onboard tens of millions of Users into its ecosystem and this means It's not token could have some strong Potential but also face a few key risks And that's why today we're going to take A closer look at notco and see where its Price could go stay Tuned I'll start by saying that nothing In this video is financial advice it's Purely educational content intended to Inform you about not coin and I'll also Note that at the time of this video none Of the team here at coin Bureau holds Not in our personal portfolios and this Video is obviously not sponsored in any Way we are actually only covering it as It was voted on by our coin Bureau club Members more about that in the Description that said NCoin was created By a software company called open Builders which appears to be based in The UAE naturally open Builders is Focused on building products and Services in and around ton coin's Ecosystem and as most of you will know Ton coin is closely affiliated with Telegram uh the messaging app and you
Can learn more about ton coin using the Link in the description by the way now In a presentation earlier this year open Builders CEO Sasha AKA Alex pinof Revealed that the company created NCoin As a means of incentivizing regular People to adopt crypto Tech specifically In ton coins ecosystem logically there Needs to be some incentive for people to Want to learn about crypto the open Builders team realized that you could Incentivize people to learn about crypto In the same way you incentivize Miners And validators to secure blockchains Namely skin in the game in Practical Terms this meant creating a game that Anyone could easily play to earn crypto With an actual Financial value obviously The name of this game was NCoin and it Initially launched in November last year All you needed to do to play NCoin was To download Telegram and message the NCoin bot the game play was the simplest Possible just tap the not coin symbol to Earn crypto That's it just tap and earn at the start Of this year the mining phase began and This made it possible for anyone to earn Not tokens by simply tapping by the time The mining phase had ended on April 1st Not coin had onboarded over 35 million Players again this was thanks to the Fact that it was extremely easy to Access and even easier to play the best
Part was that basically all of not's Supply was distributed to the players But we'll come back to the tokenomics in A bit when the not token listed on Exchanges in may not coin hit a market Cap of over $1 billion wor most not coin Players reportedly receiving around $200 Worth of not this technically made the Not airdrop the largest ever in terms of The number of people who received it as Well as the dollar value of the tokens That were airdropped more importantly it Created that skin in the game effect That opened Builders was going for it Resulted in tens of millions of people Being incentivized to keep engaging with NCoin not only that but features within Not coins such as referrals and squads Created enormous Network effects this Made it possible to incentivize and Organize people to adopt other products And services in not coin's ecosystem of Course that's what NCoin has been doing Since the taping game ended in July NCoin introduced the explore feature to Its telegram bot and this made it Possible for anyone to earn not by Playing not coin games or learning about Tcoin earlier this month NCoin announced A second crypto game called lost dogs Which leverages the not token as well as The game's own in-game token at the time Of shooting the not coin bot has over 10 Million monthly active users suggesting
That over 10 million people are playing Lost dogs or at least exploring not Coins each ecosystem believe it or not But NCoin is technically not the most Popular crypto dap first place goes to NE protocols Kai Ching you can learn More about NE protocol using the link in The description and um while you're down There why don't you smash that like Button if you're enjoying this video And Subscribe to the channel and ping the Notification Bell as well so you don't Miss the next one now this begs the Question of how much potential knot has And to get an accurate answer we have to Dig deep down into its tokenomics According to the not coin website not Has a total supply of over 102 billion Which is divided as follows uh 78% to Users and 22% to Future airdrops this is Notably inconsistent with the Distributions specified in an AMA not Coin did in June in that ama Sasha Claimed that 95% of not's Supply went to The community while 5% went to the Treasury it's also notably inconsistent With Knot's entire Supply being in Circulation as noted on most crypto Price tracking sites and most Importantly the official tokenomics Don't mention the fact that roughly 1% Of not's total Supply was gifted to Telegram's co-founder pav durv in May to Be fair the official tokenomics were
First published before this gift was Given and P has also promised to hold His not allocation until 100x so it's Not that big a deal what is a big deal Is what's found on chain according to The ton viewer Explorer 12% of not's Supply is held in the largest wallet and This suggests that 10% of the 22% Earmarked for future air drops has Already been handed out assuming that The official tokenomics are correct and This distribution suggests it is onchain Analysis also reveals that there are Over 26 million unique wallets using Knot and this is significant as it Suggest that the majority of not coin Players went through the effort of Setting up a crypto wallet to claim Their tokens again this is the kind of Adoption open Builders was aiming for Anyways aside from the largest not coin Wallet exchange wallets and paves Wallets not supply is surprisingly Evenly distributed and this means that There aren't any whales that could crash Its price at the same time it suggests That most not holders continue to engage With NCoin and its ecosystem when you Realize that around 88% of Knot's Supply Is already in circulation and that none Of it was sold to greedy VCS it should Come as no surprise that it has been Very resilient despite the recent Downturn at the time of shooting not is
Practically tra trading at the same Price it was when it first listed in May From a technical perspective its price Is painting an enormous symmetrical Triangle which could foreshadow a big Breakout in either direction a big Breakout to the upside could take notot As high as 5 cents whereas a big Breakout to the downside could take it To New lows that are tricky to estimate This is just for the short to medium Term by the way as in over the next few Weeks or months now from a f fundamental Perspective the fact that not has a low Price tag is listed on lots of exchanges And has most of its Supply in Circulation and falls into the gaming Narrative gives it incredible long-term Potential it seems the only thing that Could hold back Knot's growth is its Sizable market cap of around a billion Dollars as most of you will no doubt Know the larger the market cap the more Money it takes to push a crypto's price Up or down all else being equal of Course fortunately a not coin has not Only managed to create a closely knit Crypto community of not holders but it Has also managed to create new demand Drivers for notot Via its games did I Mention that notot tokens are Occasionally burned when playing these Games unfortunately it's not quite clear What's required for these Burns to occur
But it seems to be done manually and Around 250 million knot has so far been Burned now the fact that knots price has Held up so well suggests that its demand Drivers outweigh the potential Supply Coming from impatient KN holders looking To cash out alternatively it could Suggest that there are whales propping Up knots price to ensure NCoin succeeds Which is certainly possible after all NCoin is becoming the de facto Gateway Into ton coin's ecosystem the bigger That Gateway grows the more adoption ton Coin will experience and the closer Telegram will get to becoming the next Generation super app and of course it Goes without saying that price action is The first step to this adoption this Again begs the question of just how much Potential not has in the long term from Our perspective it's possible key word There possible that not could rally by 20x and this is because it reminds us of The shibba Inu meme coin which hit a Market cap of $40 billion in the Previous cycle and that's probably Because half of ship's Supply was gifted To ethereum's Creator vitalic butterin So even if ton coin's ecosystem grows to Only half the size of ethereum's last Cycle not could be the ship of this Cycle interestingly a blog post about NCoin by ton coin from last December Describes NCoin as a mcoin as with ship
A portion of not's Supply was gifted to The original creator of the blockchain It's on and that's p and as with not Ship's purpose seems to have been to Encourage the adoption of ethereum Probably nothing pun intended oh and if You don't get that probably nothing is a Popular saying in the NCoin community And say if you want to maximize your not Gains then be sure to check out the coin Bureau deals page you see it's got Trading fee discounts of up to 70% and Sign up bonuses of up to $100,000 on the best crypto exchanges You see these deals are only available To coin Bureau viewers and won't be Around for long so be sure to take Advantage of them using the link in the Description anyhow whether not could Pull a 20x ultimately depends on its Upcoming milestones and we couldn't find A road map for NCoin and this seems to Be by Design in that aention Presentation from earlier this year Sasha revealed that NCoin literally does Not have a road map they're just focused On growth and in that aforementioned AMA He revealed that not coin doesn't have a Road map so that it's not under any Pressure to commit to specific Milestones or deliver them at specific Times this has been understandably Frustrating for the not coin Community Who are always asking what comes next
Thankfully having no road map doesn't Mean no Milestones you'll recall that There have been two not coin phases so Far the first was the initial launch of The original not coin tapping game last Year and the second was the mining phase Of the game in January which ended the Game when it finished in April to our Understanding not coin is or will soon Be in its third phase phase three seems To consist of launching more games and You'll recall that the first of these Games was lost dogs which launched Earlier this month the not coin bot Suggests that a third game called not Pick will be launching sometime soon Secondary sources suggest that phase 3 Is the final phase of the unofficial Notco road map but there's probably no Reason why there can't be a fourth or a Fifth phase for instance we found Secondary sources which note that not Coin is in the process of developing a Trading bot which could be released soon If this sounds familiar that's because Bon the popular salana meme coin also Launched a trading bot not long ago and This highlights the possibility that Meme coins are fundamentally intended to Encourage the adoption of the Blockchains that they're on more about Bonk in the description moving on Another example of a future phase for Not coin could be
Decentralization and this Milestone was Revealed in a summary of an interview Sasha did in June the fact that this Summary was in text form makes it hard To verify whether everything is legit But it notes that not coin plans on Decentralizing in 2 years in other words Sasha hopes that in 2 years time it will No longer be necessary for open Builders To continue working on NCoin it will be Its own self-sustaining ecosystem Governed by not token holders what's Fascinating is that this written Interview potentially confirms the Presence of not coin Wales quote a bunch Of investors appeared among NCoin it's Important for them to raise not coin's Price as high as possible to get a ton More people into NCoin then again a Later sentence reads quote NCoin has no Strong whales at the moment but Sasha Expects them to appear in the future Again it's unclear if this interview is Really legit but it seems it could be And that's because it includes a link to What could be Sasha's ton coin wallet And Reveals His not Holdings this wallet Is named Alex doton a rare username that Could only have been bought by an early Ton coin user or a very wealthy one Recall Sasha also goes by Alex anyways The most eye-opening part of this Interview however is that it reveals the True inspiration for not coin quote not
Coin was inspired by VK coin and the Guys who made VK coin are working at ton FYI VK coin is used on the Russian Social media platform VK which was also Created by pble and his brother Nikolai This suggests that open Boulders could Be closely connected to ton coin if this Is the case then NCoin could face Regulatory scrutiny as it would look Like ton coin created its own number one DAP in turn the fact that telegram Originally created ton coin could result In scrutiny of the messaging app itself And the presence of these connections Would certainly explain why NCoin has Been so opaque and this of course brings Me on to the challenges that we foresee For NCoin the first challenge is Transparency of course and it was Incredibly difficult to find quality Information about this crypto project And this might have something to do with The fact that it currently has no blog No documentation and minimal information On its website this is alarming given Not coin size and it suggests to us that The project may be hiding something heck One of the only two presentations we Could find was deleted while we were Putting this video together it included Additional details about future Milestones thankfully we managed to find A copy and it wasn't anything Significant just that NCoin is aiming to
Launch a new crypto game every month It's actually impressive that not's Market cap has grown so large given that There's very little publicly available Information about it relative to other Crypto projects of course this could be Additional evidence of the idea that NCoin is part of a much bigger plan by Big players in ton coin's ecosystem and This relates to not coin's Second Challenge and that's sustainability you See creating sustainable tokenomics is Incredibly difficult to do for gamey for Now not coin's model seems to be Creating new games that leverage not and Creating enough demand to offset Whatever tokens are given away as part Of their launch to refresh your memory Onchain analysis of not supply suggests That 10% of the 22% that has been set Aside for future air drops has already Been handed out now consider that not's Official tokenomics were published back In April and this suggests almost half Of this knot has already been handed out In 4 months what this means is that not Coin could potentially run out of new Not tokens to airdrop by the end of the Year although this would be good for the Supply side of not equation the fact That these not air drops are being used To increase Demand with incentives could Be bad news for demand and this pertains To not coin's third Challenge and that's
Competition the only way to ensure that NCoin continues to grow and not Continues to pump is to create ever more Engaging crypto games in case you Haven't noticed there are hundreds of Other crypto games in development Including on ton coin while it's true That not coin's integ ation with Telegram makes it easy to onboard users The onboarding process is likely to get More complex as the games become more Advanced meanwhile other gamey cryptos Are trying to make it possible to play Their games with a single click no Telegram required there's also the very Real problem of early not coin adopters Having the advantage in future games to Their credit this is something that open Builders is hyper aware of but it's Going to be hard to balance Incentivizing early adopters while Simultaneously making games fun for new Players then the final challenge we Foresee for NCoin is the recent arrest Of pav in France now in theory this Shouldn't be such a big concern for NCoin ton coin and its entire ecosystem I mean the whole goal of ton coin was to Be a decentralized ecosystem separate From telegram but it's a really fluid Situation and time will tell how it Plays out in practice with all that said Not coin has delivered on every promise It has made so far it created the most
Viral web 3 game to date onboarding tens Of millions of users into crypto it Launched a token that essentially put Over a billion dollars into the pockets Of these players and it has held its Value since you'd be hard pressed to Find another crypto project that has Done the same and not NCoin still isn't Finished it looks like there will be Lots of new products and features Launched in the coming months and if the Crypto Market is pumping when these Features are launched not could go much Much higher make no mistake there's no Guarantee that not will 20x but you'd be Hard pressed to find another large cap Crypto with this potential let's just Hope that not coin's success doesn't Attract regulatory scrutiny and that its Growth is truly the result of a large Community and not a small group of ton Coin Wales and that's all for today's video If you found it informative well be sure To smash that like button to let us know And if you want to stay informed about Other crypto projects then subscribe to The channel and ping the notification Bell as well and if you want to inform Others about NCoin then be sure to share This video with them thank you very much For watching and I'll see you in the Next one this is Nick signing off [Music]
