Author: BUBBLE, BlockBeats
Although there is a clear trend towards the regulation of cryptocurrencies recently, it seems that all blockchain projects are suddenly associated with 'compliance,' 'institutions,' and 'policy trends.' However, the boom in on-chain Memecoins and ICM projects seems far from over, as if to catch the 'last wave' of on-chain enthusiasm, various platforms are unveiling their 'killer moves' at this time.
Rhythm BlockBeats has organized several outstanding assets for introduction.
The unemployed NEET tribe
Neet 'Not in Employment, Education, or Training' originally referred to young people (especially those aged 16–24) who are neither employed nor in education or vocational training. In 2000s Japan, the term ニート (NEET) was expanded to include ages 15–34 and became widely associated with 'otaku' and 'shut-ins,' often linked to 'hikikomori' for a long time.
As internet culture spread, this term gradually entered the subculture circles of Europe and America, especially anonymous communities (such as 4chan /r9k/ and Reddit). By the 2010s, NEET had evolved into a form of self-identity and cultural identity for 'liberals.' From the messages on 4chan, it's evident that many just say whatever they want, discriminating against women, discriminating against blacks, and being self-centered. NEET is not necessarily a real identity but a kind of online persona. Those who self-identify as 'NEET' often emphasize their disconnection from mainstream society, rejection of social rules, and even take 'pride' in it, serving as both self-mockery and a form of 'alternative identity affiliation.'
Neet is widely used in the /r9k/ section (Robot9000) of 4chan, initially developed by 4chan founder Christopher Poole in 2008 as an original content filtering system. The design intention was to avoid spamming and copypasta, which also made the culture in that section highly creative. Screenshot conversations became discussions in /r9k+1/ (Robot9001), an improved version of /r9k/.
Although when Pumpfun founder Alon first bought $neet, the token instantly surged nearly 4 times in one minute, and soon fell below the market cap before the purchase, its price trend has remained stable. Besides having many 'big brothers' calling out trades and a deep community culture, its Twitter operation is also quite good.
After confirming with Cookie, who was among the first to shout $neet in the Chinese region, it was learned that the Twitter operation of Neet is managed by Primed. Under his and the community's management, the accounts within this token system have shifted away from 'price discussions' to focus on making 'cultural trends.' The price movements driven by the dissemination itself are far more genuine and healthy than changes brought about by 'strong manipulation.' Excellent communication, a rich community culture, and the supporting team behind it together form the rare 'interesting Meme' within the current system.
Left: Reached 12 million views, Right: Elon Musk's retweet brought in 100 million views
What about Believe's ICM process?
With the shutdown of Bags and Heaven on the same track, Believe is gradually returning to the center of discussion today. Its official token LaunchCoin has finally started to rebound after nearly a month of continuous decline. Recently, Roy, the CEO of the AI circle's popular 'interview cheat' Cluely, shared a photo with Believe's founder Ben Pasternak today, leading the community to speculate about a possible collaboration between the two.
Left: Cluely CEO, Right: Believe Founder
Believe seems determined to abandon concepts like '100% fee rotation' and re-establish its positioning of the 'ICM platform concept.' After a recent luxurious stay at 'Aman Tokyo' with his girlfriend Evelyn Ha, combined with the slow progress of the platform and the ecosystem gradually 'zeroing out,' various emotions led to some 'heated discussions' in the community. Ben seems to have shifted his focus back to Believe, first acquiring Abode for better product UI, and some interesting projects have chosen to issue through Believe. What are the new and old projects running well on Believe now?
Current ecosystem of Believe, source: @PaceTerminal
HUCH: A lending platform for CS2 skins
HUCH is an on-chain lending platform for CS2 skins, winning the University Prize at the hackathon gaming track held by Colosseum and Solana in July. It launched on Believe on August 24, maintaining a market cap of around $1.5 million.
The overall basic concept of the product is quite simple. The team believes that the skins of Counter Strike 2 now have a massive market worth nearly tens of billions of dollars but lack matching liquidity. Since CS2 skins have significant similarities in financial attributes with DeFi products, they aim to create an on-chain platform that transforms gaming assets into financial tools through collateralized lending.
The team integrates real-time market data for accurate valuation, allowing players to use CS2 skins as collateral to obtain instant cash loans (worth 65% of their value).
Kled: AI data trading matching platform
Kled is an on-chain AI data trading intermediary platform aimed at connecting AI developers with data copyright holders, providing trading channels for various data such as video, audio, and text. The project received a $2 million investment from K5 Capital (K5 has invested in projects like Uber and Xai). Founder Avi Patel dropped out of the University of Illinois at Urbana-Champaign and founded the music copyright platform Nitrility in 2023, launching Kled in 2024.
In the early days, due to contract deployment issues, the price of the $KLED token once dipped, causing market panic. However, the platform's founder Ben (founder of the Believe platform) promptly clarified the contract address issue in a post on X, and with the development team's continuous updates to product features, community confidence gradually restored. Subsequently, Kled's market cap rose to about $10 million and was listed on the Moonshot exchange.
On June 9, Kled V2 announced the next phase of its business contract 'Kled Pages' and revealed collaboration plans with platforms such as YouTube, Twitch, and Google Classroom. It will also co-host a hackathon with Stanford University and UC Berkeley. This series of developments brings more expectations for B2B revenue to the platform and enhances scalability, igniting the community's FOMO sentiment and pushing the $KLED price to a new high, with a market cap reaching $36 million. After the hype faded, it fluctuated around a market cap of $10 million, currently quoted at $18 million.
Polycule: Polymarket's Telegram trading bot
Polycule is a Telegram trading bot compatible with Polymarket, allowing users to place orders directly via chat commands, bypassing U.S. access restrictions on Polymarket. It addresses the pain points of the platform's inaccessibility in the U.S., thus receiving a $560,000 investment from AllianceDAO. With Polymarket officially announcing the collaboration with the Telegram bot on X, the platform charges a transaction fee of 0.01%–0.05% for each trade and allocates 30% for token buybacks and burns, providing deflationary support for the token.
The decentralized prediction market Polymarket gained fame for successfully predicting the outcome of the 2024 U.S. presidential election, leading to a surge in platform popularity and trading volume. However, due to regulatory investigations, Polymarket was banned in the U.S., preventing American users from directly accessing the platform. Polycule was born in this context—it is a lightweight Telegram trading bot that connects to Polymarket, allowing users to participate in on-chain YES/NO betting trades via chat commands without opening a web page, thus bypassing domain restrictions and enabling convenient participation in prediction markets in regions like the U.S. With a solution addressing Polymarket's mobile and restricted access issues, Polycule received a $560,000 seed investment from AllianceDAO.
Polymarket officials have shown support for Polycule—its CEO Shayne followed the Polycule official account. When a user inquired on X about placing bets via Telegram, Polymarket officially confirmed the availability of the Polycule bot. This official endorsement propelled the $PCULE token to its first round of increases. Subsequently, on June 6, the social platform X announced a partnership with Polymarket, making the latter the official prediction market partner of X, facilitating the flow of Polymarket's data and predictions with content on the X platform. This news further pushed the $PCULE price to new highs.
Currently, Polycule charges a transaction fee of 0.01%–0.05% for each trade and allocates 30% of that for token buybacks and burns, providing deflationary support for $PCULE. Riding the wave of the rise of social trading, Polycule is rapidly expanding its user base while its transaction fee 'burning' mechanism also creates positive feedback, driving the token price to rise continuously.
Is DAOSFUN making a limited-time comeback?
Unlike Believe, which focuses on ICM, DAOS.FUN aims to bring back the 'glory' of Crypto AI on-chain.
LLM: Officially endorsed Latin AI agent memecoin
LLM (Latina Language Model) is an AI concept Memecoin issued on the DAOS.FUN platform, with the issuer being the platform's founder @baoskee, who claims to be the 'first completely autonomous Latin AI agent' token. Due to its name being the same as the previous ai16z project 'Large Language Model' (which has a similar image), the project did not attract widespread attention in the early stages of its launch, allowing for a relatively long entry opportunity.
However, some senior traders in the Chinese crypto community, such as Noobwillwin and 0xNoNo, were involved early on. According to community information, the founder of LLM reserved about 5.14% of tokens as holdings while also serving as a moderator for the LLM community, indicating that LLM is not an ordinary community coin but an AI concept token endorsed by the DAOS.FUN official team.
Baoskee stated that the development of AI Agent technology is entering a spring phase, and such application-based AI tokens are expected to differentiate from the previous purely speculative 'AI season' bubble, pushing for industry iteration through actual products and innovative financial models. However, currently, LLM has not shown any points of differentiation from previous Crypto AI in terms of products, but Baoskee's endorsement directly pushed its market cap to $20 million.
$Drink: A microstrategy for alcoholic assets
BAXUS is an RWA project that DAOS.FUN focuses on, recommended by baoskee and well-known investor Mike Dudas among others. The project has created a high-end whiskey and wine on-chain trading market on the Solana network, aiming to solve the inefficiency and poor liquidity issues of the traditional high-end liquor collection market. On the BAXUS platform, rare bottles can obtain credible digital ownership certificates: collectors send their physical bottles to the Baxus Vault for professional climate-controlled storage, and each bottle is scanned with high precision and minted into a unique NFT, serving as the on-chain proof of ownership for that bottle. Buyers and sellers can access the platform globally at any time, supporting various payment methods such as credit cards, ACH, wire transfers, and cryptocurrencies/USDC. Users can view real-time price trends, trading volumes, and historical records for each type of liquor, and any bottle traded or stored in BAXUS can be chosen for physical withdrawal or remain in the Vault for resale, achieving far greater trading efficiency than traditional auction models.
Drink is the token of a DAO organization promoted by the founder of Baxus, who introduced an alcoholic 'microstrategy' concept.
Members of the DAO can vote on the acquisition, management, and ultimate fate of specific wines or barrel-aged spirits. The decision is whether to sell, continue holding, or share (drink).
As LLM gained immense popularity yesterday, Baoskee also recommended Drink, causing its price to surge 100% in a short time, currently quoted at a market cap of $600,000.