Author: Dynamo DeFi; Translation: Jinse Finance xiaozou
1. What exactly is the 'Internet Capital Market'?
In short, they are real businesses built on the chain.
These applications are not necessarily purely 'crypto' applications — their existence is not to fuel token speculation but to integrate tokens as functional components. The effect is reflected in:
- Quickly open up profit channels for developers.
- Build a user growth mechanism that spreads virally.
- Allow users to share the application development dividends.
This article will analyze its essence, explain the positioning of the Believe ecosystem, and list the core projects you need to pay attention to.
2. The future of the internetized market.
Blockchain directly addresses three major pain points in the global capital market: lack of liquidity, high entry costs, and failure of settlement systems.
It has been proven that Solana is a perfect decentralized Nasdaq. But its ambitions do not stop there.
The core concept of the Internet Capital Market (ICM): combine revenue-generating Web2 websites/games/products with the capital formation advantages of Web3.
Independent game developers may miss out on $20 million seed funding, but if they issue game currency on the Believe platform in 5 minutes, profiting from transaction fees is clearly more practical.
Therefore, real demand exists. Believe is opening revenue channels for a wide range of builders while attracting traffic and new users for its products.
3. Who is leading the trend?
Currently, related activities are mainly focused on the Believe platform (formerly Clout, token LAUNCHCOIN). LAUNCHCOIN once surged tenfold within 24 hours.
Simply reply to any tweet with @launchcoin + name to tokenize it.
The generated Solana tokens can be traded on all decentralized exchanges that support Solana (including platforms like Phantom, DexScreener, Jupiter, etc.).
4. How is it different from Pump Fun?
Believe is dedicated to solving a core issue. Nearly all of the tens of thousands of tokens born during the meme frenzy in 2024 are scams without exception. Even those that are not completely scams lack practical utility.
What is missing in the issuance of these tokens? The answer is trust.
By the final stage, there are very few buyers who truly believe in meme coins, leaving only traders who want to get in and out quickly.
Believe prioritizes trust, openly emphasizing transparency and real products. They are committed to making it easier for builders to attract funding and provide products to users. With the Internet Capital Market, this has become possible.
Believe also performs excellently in key areas: first, they strongly incentivize builders.
At the same time, eliminate friction — issuing tokens requires just one tweet on X, making viral spread possible.
Token issuance starts with a bonding curve mechanism. When the market cap exceeds $100,000, it can upgrade to Meteora for deeper liquidity.
To prevent sniping behavior, a dynamic trading fee is adopted: early buyers face extremely high trading fees, but these gradually decrease to 2% as trading stabilizes.
Transaction fees are split 50/50 between the creator and the Believe platform.
We appreciate the minimalist style of Believe. Its 'manual' page shows that the team has a deep understanding of market needs.
The following tweet has already become outdated within just one day — the market cap of LAUNCHCOIN has exceeded $200 million.
The data as of the writing of this article is as follows:
5. The first projects of the Believe ecosystem.
(1) NOODLE
(2) DUPE
Full name: Deal Unlocking Price Engine. After informing its demand, its pattern recognition technology will look for cheaper alternatives ('dupes').
(3) BUDDY
Post on the X platform to earn rewards.
(4) Inflight
On-demand design feedback service provided by former Meta & Tinder product designers.
(5) Fitted
AI virtual wardrobe application with 300,000 downloads.
(6) Giggles
Emerging social media application with over 100,000 downloads.
7. Simple evaluation framework.
A large number of ICM tokens have emerged in the market, filled with various noises.
To accurately assess these projects, a hybrid strategy is needed: half speculative thinking, half fundamental analysis.
The basic evaluation framework is as follows:
- Viral Spread Level: Track market cap, trading volume, X platform sentiment, and product appeal. These tokens will upgrade to Meteora when the market cap reaches $100,000, so monitoring trading volume/mental market share is crucial (there are also arbitrage opportunities in small liquidity mining pools).
- Credibility of Builders: These are on-chain businesses and should be examined with the same scrutiny as traditional enterprises. Focus on: founder background, existing progress (user base, revenue sources, transparency).
The core advantage of ICM is: Web2 founders with successful experience are leading the Web3 construction. Focus on evaluating builders' industry experience and execution ability.
- Profit Potential: Combine Web2 models (subscription, advertising) with Web3 token economic models (Believe's manual suggests builders avoid revenue-sharing designs to comply with regulations, but this remains a viable direction).
Scalability on both Web2 and Web3 ends is crucial.
The rotation effect will continue to be significant. The additional advantage of this track is that despite volatility and noise, application users can still support the builders they trust and the products they truly love.
As crypto-friendly policies are implemented and the global evolution towards the Internet Capital Market progresses, these tokens may eventually evolve into equity. But for now, we are still trapped in the meme coin wave.
8. Future Trends
LAUNCHCOIN and all tokens issued by Believe will gain more practical functionalities.
New features allow builders to enhance token utility without self-development. This is a zero-code crypto solution for adding token functionality to products, where builders can easily expand the product matrix with just a click.
