From a broader perspective, @Notcoin's $NOT represents a form of "cross-border value capture." It's more than just a TON token; it's the nexus of Web3 and Web2. Leveraging Telegram, one of the world's most influential social platforms, Notcoin successfully integrates on-chain financial applications with users' everyday social experiences. The value of this model lies in not only addressing the barrier to entry for users in the crypto world, but also making the token distribution process itself a large-scale "user education" initiative. Through simple click-to-mine, Notcoin has distributed $220 million in rewards to millions of users worldwide, subtly cultivating a vast community of crypto-native users. Furthermore, Notcoin's market data demonstrates its sustainability: 2.8 million on-chain holders, 61% of supply held on-chain, and $1 billion in DEX trading volume. These indicators demonstrate that $NOT is no longer just a community token, but a core asset capable of generating significant ecosystem-wide spillover value. When Nasdaq-listed treasury companies entered the TON ecosystem, Notcoin’s narrative was upgraded from a “social token” to an “ecosystem value capture tool.” #Notcoin