Notcoin
NOT
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Notcoin (NOT) is a viral tap-to-earn social token launched on The Open Network (TON) via Telegram. The evaluation identifies several structural weaknesses balanced by fair initial distribution and transparent leadership. Active development scores low (2.5/10) due to an aspirational, maintenance-light roadmap that lacks verifiable open-source code commits and development milestones. Tokenomics (5.5/10) benefits from 100% initial supply circulation at TGE and no venture capital allocations, though governance remains centralized around the core team with utility limited to the Telegram mini-app ecosystem. Market and Use Case (5.0/10) reflects widespread brand recognition and strong top-tier exchange liquidity, though the token faces severe competition within the TON gaming niche and trades down over 98% from its ATH. Team and Governance (6.0/10) is anchored by named founders (Open Builders) with no reported governance failures, albeit with informal, centralized control. Security and Audit History (3.0/10) highlights a material discrepancy where project descriptions claimed audited contracts, but CertiK Skynet confirms no formal third-party audits are on record. Note: Community Support scored -1.0 due to insufficient data from source contradictions and was excluded from the weighted average, with its weight redistributed proportionally. No qualifying red-flag events occurred, and the overall score strictly reflects the weighted average of the remaining five categories.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Notcoin (NOT)
Notcoin (NOT) is a tap-to-earn gaming and social token deployed as a Jetton on The Open Network (TON). Developed by Open Builders, a team led by Sasha Plotvinov and Sergey Chikirev, the project originated as a viral Telegram mini-app in January 2024 where users tapped a virtual coin to earn in-game currency. Following its initial distribution, the token launched on cryptocurrency exchanges on May 16, 2024.
The project operates with a fixed maximum supply of 102,719,221,714 tokens, which were fully unlocked and made circulating at the token generation event without private investor allocations. The token's utility is primarily campaign-driven within the Telegram mini-app ecosystem, functioning without native fee-capture or staking-yield mechanisms. Project governance remains centralized under the core team rather than an on-chain decentralized autonomous organization (DAO).
Notcoin has experienced material market and security risks. After reaching an all-time high of nearly $0.029 on June 2, 2024, the token underwent a severe, unrecovered price crash of more than 98% amid market saturation and competition from other TON-based tap-to-earn tokens. Additionally, while early project descriptions claimed audited smart contracts, security records from CertiK Skynet confirm that no third-party code audits have been conducted on Notcoin's token contract. The project's active development also lacks verifiable, auditable code releases and versioned documentation to substantiate its broader roadmap milestones.