Internet Capital Market (ICM) is a decentralized capital market that allows for the rapid creation and trading of tokens through a tweet, expanding fundraising and investment methods on the Solana blockchain.
ICM leverages Solana's high speed, low costs, and dynamic community to turn ideas into instant digital financial assets, creating a 24/7 'capital market' without traditional intermediaries.
MAIN CONTENT
ICM evolved from the 2017 ICO through launchpad phases and no-code solutions on Solana in 2025.
Solana became the ICM capital due to its high processing speed, low gas fees, and a community culture that favors rapid experimentation.
ICM opens a fundraising model based on stories and communities while posing questions about sustainability and legality.
What is the thread connecting ICO 2017 to ICM 2025?
ICM is the evolutionary result of the 2017 ICO, when Ethereum began the era of on-chain crowdfunding but was limited by fees and manual processes.
Then came the launchpad phase (Binance, CoinList) standardizing the sale rounds but still selectively choosing projects. In 2023, pump.fun helped people easily create memecoins on Solana with a no-code interface.
Finally, in 2025, Ben Pasternak launched Believe/LaunchCoin, turning each tweet into a token on Solana with low fees, activating the Internet Capital Market as a decentralized capital market for every idea.
"$PASTERNAK is the first token to graduate the pre-sale on Clout. Glad the launch was successful! More launches soon."
Ben Pasternak, founder of Believe/LaunchCoin, January 2025
Why did Solana become the 'capital' of ICM?
Solana converges three important factors: processing speed of tens of thousands of TPS with only a few seconds of latency; low gas fees, often below 0.0001 USD, making testing costs almost free; and a community culture willing to take risks, enjoying memes and a "quick in, quick out" style.
This minimizes the opportunity cost of initializing a token with just a tweet, turning interactions into actual market capitalization.
"Internet capital markets powered by Solana."
Solana, official Twitter account, May 2025
How does ICM operate in practice?
In reality, with ICM you only need a Twitter account and Solana. For example, if you tweet "$AURA – Capture the moment, earn Aura points @launchcoin", a bot will immediately create the $AURA token with a fixed supply, set up liquidity, and send a buy/sell link.
Transaction fees start high to combat bots, then gradually decrease as token market caps increase, while fees are evenly distributed to token creators and protocols.
When the market cap reaches around 100,000 USD, tokens will automatically shift to deeper liquidity pools like Meteora or Raydium.
@launchcoin + gooncoin
-- Pata van Goon (@basedalexandoor), May 2025
The operational model of ICM creates a growth spiral of increasing token prices, rising trading volumes, builders collecting fees for product development, attracting new users, and pushing prices even higher. However, the ease of token creation also leads to many rug pull risks and unsustainable projects, requiring investors to be cautious.
What are the specific numbers about ICM currently?
In just two months, LaunchCoin has supported the creation of over 3,200 tokens with a total market cap of LAUNCH tokens reaching 200 million USD.
Some notable projects like DUPE reached a market cap of over 50 million USD, while BUDDY – the AI tweet assistant – is at 15 million USD.
Meme tokens like $NOODLE, $GIGGLES, $FITCOIN can easily achieve market caps from 0 to 1 million USD within just a few hours.
However, the average lifespan of tokens is only a few days, causing FOMO sentiment to become the main driving force, while the actual product value is indefinitely postponed.
Is ICM a financial turning point or the end of the tech-coin cycle?
ICM is seen as a milestone transitioning from blockchain infrastructure development to focusing on culture, emotions, and community – similar to how web 2.0 shifted from protocols to applications like TikTok and Instagram.
ICM leverages the ability to tokenize instant ideas to expand into tokenizing real assets like private equity or music rights.
However, the lack of a legal framework, on-chain trust system, and escrow processes leaves ICM with many challenges that will determine its long-term success or failure.
If over 10% of ICM tokens generate real cash flow, the model has the potential to become the 'open Nasdaq' for startups and creators.
If the ratio is low, ICM is just a short-term liquidity pump station, easily forgotten like previous pump trends.
Summary of the Internet Capital Market
ICM realizes the dream of equality in global fundraising, where anyone can turn an idea into a digital share without paperwork or intermediaries.
However, the speculative instinct is strong when the barriers to entry are low, meaning project quality is also diverse and hard to control. Investors need:
Conduct thorough DYOR based on transparent on-chain data.
Manage risks when hot money can disappear quickly.
Prioritize projects with sustainable products and communities, attracting long-term paying users.
The ultimate test will be how many ICM tokens transform into revenue-generating products and a community that creates value instead of speculation.
Cryptocurrency market analyst, 2025
Frequently Asked Questions
What is the Internet Capital Market (ICM)? ICM is a decentralized market that helps create and trade tokens quickly through tweets on Solana, expanding fundraising and investment opportunities.
Why is Solana the right platform for ICM? Solana has high processing speed, low transaction fees, and a community willing to experiment, helping ICM thrive.
Who can create a token on ICM? Any individual or organization with a Twitter account and Solana wallet can easily create a token without coding.
What are the major risks when investing in ICM tokens? The biggest risk is rug pulls and unsustainable tokens due to a lack of screening and strict vetting processes.
Does ICM have long-term growth potential? If it can establish a legal framework, trust system, and practical applications, ICM could become the 'open Nasdaq' of the digital age.
Source: https://tintucbitcoin.com/internet-capital-market-la-gi/
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