Notcoin

Notcoin’s November 2023 beta ended with an erasure. On 31 December the channel told testers to say goodbye to balances, scores and boosts, while retaining referrals, squads and a promised beta bonus. The public game started one second into 2024. A day later the project reported more than one million players and overloaded servers.

That reset is the clearest evidence of what players held: database entries governed by game rules. Taps, referrals and leagues could change the number, and inactivity rules could burn it, but no TON wallet contained those units. The product’s joke—“probably nothing”—worked because it postponed the financial explanation until after attention had arrived.

On 7 March 2024, Notcoin opened a pre-market with an unusual bridge. Eligible players could turn game balance into 10-million-unit Notcoin Voucher NFTs and sell them peer to peer on Getgems. The announcement warned that NOT’s eventual listing price might be zero. The NFT was therefore a coupon-like claim with market risk, not the fungible NOT Jetton.

On 11 April the team removed three zeros from every display. A 10M voucher became 10,000 NOT, while 80 trillion game units became 80 billion NOT. The same day it announced 102,719,221,714 NOT: 78% for miners and voucher holders, 22% for later users, listings and development. This bookkeeping choice turned the clicker’s huge arcade numbers into a supply that exchanges could quote.

The mining phase ended and balances froze on 1 April. On 16 May, NOT trading opened and users could move tokens to exchanges, Telegram Wallet or self-custody. OKX’s launch notice identified the master contract as EQAvlWFDxGF2lXm67y4yzC17wYKD9A0guwPkMs1gOsM__NOT and repeated the 102.719-billion initial supply, tying the market ticker to one TON asset.

A later update described the distribution at a different point in time. On 25 June, the project said $3 million worth of NOT had been burned and $4.2 million would fund Gold and Platinum Explore incentives. It reported 94.18% with 11.5 million miners, traders, stakers and others, and 5.82% in treasury. That was a dated project snapshot, not a promise that each wallet would retain a fixed share.

After the initial distribution, Open Builders moved beyond the original server-recorded tap balances. The project shifted toward Explore campaigns funded from reward pools and toward games such as Lost Dogs and Not Pixel. Its current ecosystem page reports millions of users and millions of dollars in rewards, while also labeling some items as “coming soon” and its calculations approximate.

This is a product transition rather than a change in the token’s identity. A Not Pixel action, a WOOF airdrop or a future game item is not automatically NOT. NOT participates when a campaign expressly pays or accepts it. The distinction matters because the project’s distribution channel and game portfolio can evolve even while the Jetton contract remains the same.

Open Builders forked a standard TON Jetton contract and added a powerful administrator path. The published minter can mint, change metadata, nominate a new administrator, drop the administrator and replace all code and data. Its own README warns that an unsafe upgrade can brick the contract.

The current chain state changes the practical reading. TonAPI returned an empty administrator and an empty next administrator on 5 September 2026. Because the published code requires the existing administrator for mint, transfer or upgrade, those functions have no visible caller now. The API still reports “mintable” because the get-method hard-codes that capability; code capability and live authority are different facts.

Live supply was 102,452,705,868.343930134 NOT, about 266.52 million below the announced initial figure. The project’s study page reported 233,537,251 burned at its own snapshot, so the page is not a live supply ledger. A 2025 MiCA paper prepared by Payward Global Solutions for Kraken admission to trading names Open Builders as the issuer but lists its legal form and registration as publicly unavailable. It describes transfer and trading as the primary rights and disclaims any Notcoin promise about future functionality.