Reason to trust
How Our News is Made
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Ad discliamer
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Two hot projects have recently emerged in the Web3 space: NOTCOIN, a game within the Telegram ecosystem using a lightweight Tap-to-Earn model for mining and growth, and UXLINK, a social platform that leverages a Link-to-Earn model to build a Web3 social network. UXLINK organizes users into acquaintance groups, serving both users and developers. Both projects have gained massive user bases in a short period, with mass adoption as one of their core missions.
User Growth and Engagement
NOTCOIN
- User Base: More than 10 million users and one million active users before listing on centralized exchanges (CEXs).
- Market Performance: Listed on several top-tier CEXs on May 16th, with a fully diluted market capitalization of about $1.2 billion.
UXLINK
- User Base: Over 7 million registered users and reaching 8 million users through 100,000 groups.
- User Organization: Uses social relationship mechanics to build and organize its user base.
On-Chain Data Comparison
Due to the difficulty in verifying off-chain data, we focus on on-chain data for a more reliable comparison. NOTCOIN’s on-chain data is on the TON blockchain, while UXLINK’s data is on the Ethereum Virtual Machine (EVM).
On-Chain Holders
- NOTCOIN:
Pre-TGE: About 220,000 holders.
Post-Listing: Steadily increased to over 1 million holders.
- UXLINK:
- Current: Over 4 million UXLINK assets holders.
- NFT Holders: About 1.4 million NFT holders. NFTs are used as certificates for high-quality users eligible for airdrops, suggesting UXLINK had around 1.4 million or more tokn holders before listing.
On-Chain Active Users
- NOTCOIN:
Post-TGE: 300,000 to 500,000 active users within the first five days, showing a downward trend.
- UXLINK:
Daily Active Users: More than 500,000 daily users.
User Activity: 574,000+ users in 24 hours, 1,000,000+ users in 7 days, and 3,800,000+ users in 30 days.
Token Allocation
- NOTCOIN:
- Total Supply: 102,719,221,714 tokens.
- Distribution: 78% to miners (Tap-to-Earn) and voucher holders; 22% to future ecosystem funds and development.
- UXLINK:
- Total Supply: 1,000,000,000 tokens.
- Distribution: 65% to community contributors and developers (POW, Link-to-Earn & Build-to-Earn); 35% to investors, teams, and project development.
Conclusion
There are very few Web3 projects with over 5 million users. Although NOTCOIN and UXLINK operate in different sectors, making a detailed business analysis challenging, comparing their on-chain data and token distribution reveals common traits of successful projects aiming for mass adoption. These insights can inform strategies for other projects seeking similar success in the Web3 space.
