**The Launchcoin Phenomenon Runs Wild, A New Paradigm or a Fleeting Hype?**
In recent days, the crypto world has been buzzing with the launch of Launchcoin, which is the official token of the Believe platform that surpassed $300M in a very short time. This phenomenon is quite astonishing because Believe itself is a platform that makes it easy for users to create their own tokens. So, what should be considered? Is this a fleeting hype or a new paradigm?
**#1 The Market Will Be Flooded with New Tokens.**
Launchcoin is part of the Believe ecosystem which provides one-click infrastructure for anyone to launch their own tokens without coding, auditing, or other complex blockchain technicalities. This will certainly increase the number of tokens in the market. We know that the main issue causing Altseason to be difficult is the overwhelming number of tokens that are not matched with adequate liquidity. The many easy token launch platforms will exacerbate the 'paradox of choice' in this modern crypto world.
**#2 Legal Guidelines Will Only Be 'Reading Material'.**
The legal team from Believe has issued several statements urging that the launch of tokens on the Believe platform should not represent ownership or equity in the company. Additionally, they also urge that there should be no insider trading and promises of any rewards. However, we know that in the crypto world, the reality is often different. There will be many creators who violate all these rules in the name of 'creativity', thus they continue to launch their tokens with all the prohibited promises, triggering a proliferation of scams in the market.
**#3 Potential Scrutiny from Regulators.**
With the abundance of tokens circulating and the commotion arising again in the memecoins community, it is not unlikely that there will be scrutiny from regulators regarding this new platform. With the high attention, it is possible that there will be new regulations related to the increasingly rampant rules regarding token creation.
**#4 Rapidly Rising Trends Usually Fall Quickly.**
Remember that anything that rises quickly will also fall quickly. Nothing is instant, including trends. It is also important to remember that any narrative traded on DEX can be referred to as 'memecoins' because they have high volatility and usually do not do what they promise. Consider that when you trade any narrative on DEX, the substantial risk you bear is very high.
*^Disclaimer Alert.*
