On April 29, 2025, $PASTERNAK was renamed to LAUNCHCOIN, with its market value soaring from $200,000 to $360 million (an increase of over 300 times), becoming the core asset of the Believe ecosystem.
What is Believe?
Believe is a SocialFi platform, initially named Clout, founded by young Australian entrepreneur Ben Pasternak. It allows users to mint tokens through social interactions (such as posting on X/Twitter), converting social influence into tradable digital assets. In April 2025, Clout was renamed to Believe and adjusted its strategic direction from 'monetizing personal influence' to 'empowering projects with practical application scenarios' to enhance ecosystem sustainability.
The core features of Believe include:
1. Token issuance: Users can post specific tagged tweets on social platforms (like X) to automatically generate tokens.
2. Staking and governance: Holding the platform token LAUNCHCOIN (formerly $PASTERNAK) allows participation in staking, governance voting, and profit sharing.
3. Ecosystem tools: Provides tools like Believe Screener and Believe Launches to help users filter quality tokens and avoid risks.
Features of Believe
1. Social-driven token issuance
Users can mint tokens directly by posting on X, lowering the participation threshold for Web3.
2. Highly speculative market
Token prices are highly volatile (e.g., LAUNCHCOIN increased by over 200% in a single day), attracting short-term traders but also accompanied by high risks.
3. Ecosystem tool support
Provides tools like Believe Screener and Believe Signal to help users screen tokens and identify potential scams.
4. Transition from Clout to Believe
Early Clout collapsed due to technical failures, while Believe emphasizes 'value investing', aiming to enhance ecosystem sustainability through real applications (such as games and developer tools).
5. Controversies and challenges
High extraction (a trading tax of 2% leading to capital outflow), 'whale' manipulation, and token centralization issues affect long-term development.
Believer batch trading
Access the GTokenTool market cap robot page, fill in the relevant information, and it can help users complete operations like pump, dump, and wash trading. For specifics, refer to the tutorial: Jup Market Cap Management Robot Tutorial.
Summary
Believe is a SocialFi platform that has recently become the focus of the cryptocurrency market due to the surge in LAUNCHCOIN and the boom of ecosystem tokens, but it also faces high speculation, manipulation risks, and a crisis of community trust. Its core features are social-driven token issuance and tool-based ecosystem support, while the Believe trading robot launched by GTokenTool will better assist token creators in managing token market capitalization.
