Newbie tips for playing with Launchpad: Heaven, Zora, and Believe have no thresholds. Heaven charges a fee to buy LIGHT tokens, $LIGHT will be repurchased and burned, and holders receive dividends. Zora automatically issues tokens when content is published, and $ZORA has experienced significant price surges. Believe is a well-established platform. Remember to understand the mechanisms and don't rush in blindly.

In this bull market, the motivation for issuing coins has been thoroughly penetrated. From Meme coins to AI agents, even Pre-IPO stocks are being fully issued. We selected 10 landmark platforms, dissected their unique mechanisms and performance, and discussed how retail investors should play to seize opportunities while avoiding pitfalls.

01 Permissionless platforms
1. Heaven
Mechanism: Heaven is a newly emerging AMM + Launchpad platform, integrating issuance and trading, with projects not needing to migrate to external DEXs. All transaction fees are retained on the platform for buyback and destruction of $LIGHT, and holders can directly share dividends. In contrast, while Pump.fun is profitable, it lacks this feedback mechanism.