Believe has emerged as the leading launchpad platform following the ICM (Initial Community Mining) trend.
The native token of Believe, LAUNCHCOIN, has surged nearly 100x in just one week, while the Believe ecosystem shows remarkable growth.
🚀 Key Metrics Since the New Version Launch on April 27:
Tokens issued: 15,873
Total ecosystem market cap: Over $300M (with LAUNCHCOIN accounting for $200M)
Daily trading volume: $400M - $500M, comparable to DEXs like PumpFun, Aerodrome
❓ Why Has Believe Exploded in Popularity?
1️⃣ How Believe Works:
Token Issuance:
A KOL or developer makes a post on X, tagging @launchcoin with the format $TICKER + Project Name (e.g., $AAMM + AAMM Paradigm).
The token is instantly created on the Solana blockchain.
Trading:
Tokens are launched through a bonding curve model.
When market cap reaches $100K, the token is listed on Meteora with a ~2% trading fee.
Fee Distribution:
50% of transaction fees go to the token creator.
The remaining 50% goes to the platform's revenue.
Earning Fees:
Token creators connect their wallets via Believe to receive fees.
👉 This model allows experienced founders who lack traditional funding to raise community capital to develop products.
It resembles the late 2024 AI agent wave, where many small teams issued tokens instead of relying on VC funding.
2️⃣ Why Is Believe Blowing Up?
FOMO Effect:
Some projects raised millions of dollars within 1-2 days, attracting both legitimate developers and opportunists.
Compelling Storyline:
Amid a favorable crypto market, Believe targets experienced Web2 founders.
With a clear vision, founder Ben Pasternack has crafted a compelling narrative that spreads rapidly.
Backed by Solana:
Similar to how Zora thrived on Base, Believe receives direct support from Solana.
Notably, Nikita Bier, a prominent Web2 figure and advisor to Solana, is helping shape Believe.
Ease of Access:
Anyone can create a token with just a tweet and leverage the X community to amplify ideas.
Similar to Clanker's success on Farcaster, but on a much larger scale.
👉 Currently, the highest market cap tokens on Believe are a mix of memecoins and serious projects. Although the team emphasizes supporting real products through tough early stages, most tokens created are still memecoins with very short lifespans, often lasting only hours or minutes.
3️⃣ Essential Tools for Participating in the Believe Ecosystem:
Believe Screener:
Filters tokens by market cap, trading volume, price change
Real-time updates on new tokens
Integrated with related X links
Believe Launches:
Ranks the TOP 50 tokens by market cap, volume, creator fees
Shows the Ethos score (credibility) of token creators
Believe Signal:
Filters tokens based on minimum follower count and verified X accounts
Displays the number of followers
Directly links to market data from GMGN
Helps eliminate low-quality tokens
Believe has positioned itself as the on-chain launchpad at the forefront of ICM, and with continued innovation and community involvement, it may become a leading platform in the decentralized finance space.
Would you join the Believe wave or remain cautious of the hype? Let’s discuss! 💬🚀
