Notcoin Airdrop Outshines ZKsync and LayerZero Combined

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As an experienced analyst, I have closely followed the crypto market and its trends for years. The recent surge of Notcoin, a Telegram-based crypto project, has caught my attention due to its remarkable growth and success in the Web3 space.

The cryptocurrency project Notcoin, which operates on Telegram and includes a tap-to-earn game, has been making waves in the crypto community due to its extraordinary growth. Since its debut in May, Notcoin’s native token, NOT, has emerged as a substantial force within the Web3 sphere, outpacing the achievements of LayerZero and ZKsync, two other eagerly anticipated launches.

In the past half-year, Notcoin has drawn in more individuals to the Web3 realm than any previous endeavor. Within mere weeks following its listing on major trading platforms like Binance, the token amassed a market value exceeding $2.5 billion.

Significantly, before the end of June, this token bucked the trend and soared by over 275% within a week to reach its peak, an achievement made despite the wider crypto market showing signs of a downturn. Presently, the token is priced at $0.0142, marking a 7% increase in value over the last 24 hours.

I analyzed the distribution of NOT tokens, which reached approximately 11.5 million users without any restrictions or vesting periods. The value of each user’s airdrop reached around $250 at its peak, amounting to roughly $2.7 billion in total. Over 90% of NOT’s entire supply was allocated to the community through various means, including in-game mining, launch pools, and trading activities. Initially, NOT appeared as a small-scale project without any investors. However, it rapidly transformed into a significant phenomenon, fueled by an engaged and active community.

Notcoin vs. LayerZero and ZKsync

As a researcher studying the developments in the blockchain industry, I’ve noticed that while projects like Polkadot and Kusama have seen significant success with their airdrops, others such as LayerZero and ZKsync have faced more challenges. For instance, LayerZero, which is a cross-chain interoperability protocol, launched its token, ZRO, on June 20th. However, the airdrop received criticism due to a controversial donation requirement for token claims. Instead of directly receiving tokens based on their participation or holdings in the ecosystem, potential recipients were asked to donate a certain amount to a specific address in order to be eligible for the airdrop. This approach sparked controversy and debate within the crypto community.

ZKsync’s ZK token airdrop also sparked debate. The ZK token distribution plan, which was announced on June 11 and launched on June 17, distributed 17.5% of the total 21 billion tokens to early users. Nevertheless, the community disapproved of the allocation breakdown, which included 16.1% for the ZKsync team and 17.2% for investors. This resulted in a substantial decrease in the protocol’s total value locked (TVL).

In terms of user engagement and maximum airdrop value, Notcoin clearly outshines both ZKsync and LayerZero. Notcoin boasts an impressive user base of 11.5 million people, whereas ZKsync and LayerZero engaged 695,000 and 1.28 million users respectively. Furthermore, the peak value of Notcoin’s airdrop distribution reached a staggering $2.5 billion, far surpassing ZKsync’s $954 million and LayerZero’s $323 million.

As a crypto investor, I’m excitedly waiting for the upcoming event: the long-awaited token airdrop for Blast, an Ethereum Layer 2 network. This innovative project is the brainchild of the founder of the popular NFT marketplace, Blur. The airdrop is set to begin on Wednesday, so stay tuned!

Amidst the slump in the border market and bitcoin hovering near the $60,000 threshold, it’s worth pondering which recently introduced tokens will manage to maintain investor interest and foster lasting development.

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2024-06-25 12:53