Note: This article comes from @sjbtc9 Twitter, and Mars Finance compiled it as follows:
1. Let’s define NOT first. The meme attribute is definitely greater than the game attribute. There is not even any shadow of the game. To be more precise, it can be defined as the track of [mobile phone mining]
The user base of this track is really huge. The famous project that has not been launched in this track is #PINetwork. The most famous one in the secondary market is #CORE .
2. It is understandable that the exchange is not listed, but it is a bit surprising that the new coin mining of OKX, which is also listed on Binance, is a bit surprising . I remember that the last one like this was ACE.
Because the former may want user traffic. After all, the number of users backed by TG is huge, and it is normal for the exchange to eat this traffic. This is a passive perspective, but there is initiative in mining new coins.
3. Based on the second point, I said before that the seal of TON may be loosened. Previously, due to regulatory issues, TON may have not been launched on #Binance , and it is the only one in the top 20 that has not been launched.
(Background supplement: TON became the target of a lawsuit by the SEC in 2020)
But since last year, we can see that TON is very active in the industry. It is speculated that it has escaped the previous regulatory shadow. I have not found any public information on whether there are any SEC-related events.
4. NOT and logo are TON in reverse. Therefore, although I said in the first point that it can be defined as the track of [mobile mining], it still has the strongest Meme attribute. After all, if there is a serious business project, it will not have such a Meme-like tone.
5. NOT is fully circulated when it goes online, and nearly 80% of it belongs to the community. This selling pressure is unimaginable. In addition, only 3% of the initial shares used for new coin mining are used. Compared with the full circulation, this is far lower than the proportion of any previous period.
When we calculate the market value, we are calculating the circulation. In the previous #Binance Launchpooll, the circulation was basically around 10% when it was launched. So the proportion of new coin mining in this proportion may have a certain influence.
In the current situation, the share of new coin mining has almost no influence
6. In addition to the recent launch of new coins, I have listed several in the above picture. Except for ETHFI and ENA, two tokens with relatively strong Defi attributes and business models, the performance of the other two tokens of SAGA and OMNI infrastructure businesses are very average.
This is indeed closely related to market liquidity/sentiment. I have also listed a representative MEME launched on #Binance : BOME, which also performed poorly.
As expected, the leading Meme of TON series is launched this time.
7. So where are the market opportunities for us to gamble on?
This opportunity undoubtedly refers to another bet on the launch of new coins #Binance
Let’s talk about the secondary market first: NOT Taking all the above factors into consideration, it is undoubtedly too risky to take over the initial launch. It is very cost-effective to ambush TON in the short term, because it is very likely to be listed on Binance after this wave.
In the primary market, there is certainly nothing wrong with targeting the TON ecosystem, but I have seen many projects that are doing NOT-like models. It is highly likely that such projects will not continue to be listed on Binance. Finding projects from different sectors to interact with can also gain some certainty.
8. Why do I say NOT is also bottom-up?
Because it is based on a large number of gathering communities, these communities are of very low quality, and even have a lower threshold than the fair MINT of the original inscription.
This method of entering the secondary market does not lead to any community consensus on the token. The mainstream idea of the current community is to take the money and run.
The launch of NOT was indeed very unexpected. It took less than two quarters from the launch of the project to the listing on the secondary market, and the majority of the shares were given to the community.
Without a wash, it is hard to imagine where the market will have so much liquidity to squander in the short term. Bottom-up construction is inseparable from this step.
