1. Introduction of Three Launchers
Boop
Founder: Former Binance Labs employee (X account dingaling), involved in Pancake's lottery project.
Characteristics: Attract KOL participation through airdrop governance tokens, but insufficient external liquidity and low user retention.
Current Situation: Shifted to the SOL ecosystem due to deteriorating relations with Binance, relatively weak competitiveness.
Bonk Series (Unipcs)
Background: Early supporters of the SOL Foundation's native MEME token, Bonk.
Issue: Token economic model not proven, lack of wealth effect, many launch projects fail.
Believe
Background: Transitioning from a Web2 startup, recently gaining traction.
Strategy: Imitate the ICO model, carefully select projects (like physical furniture, AI companies), focus on infrastructure and liquidity.
Advantages: Creating high market cap MEME cases, attracting public domain traffic, encroaching on PUMP's market share.
2. Market Competition Landscape
PUMP (Current Dominator)
Current Situation: Similar to OpenSea, reliant on transaction fee cuts but facing competition from new platforms.
Adjustments: Modify mechanisms (reduce developer share), weaken community autonomy (CTO control model undermined).
The Rise of Believe
Success Factors:
Rapid iteration of infrastructure (such as BOT sniping tools).
Carefully select projects to reduce the proportion of air coins.
Create wealth stories (like high market cap MEME tokens).
The Dilemma of Boop and Bonk
Boop: Lacking external liquidity, user attrition.
Bonk Series: Insufficient community drive, high project failure rate.
3. ICO Model and Believe's Potential
ICO Historical Comparison
The Ethereum ERC20 standard once allowed users to participate in early projects through ICOs, but gradually declined due to bubble effects (project teams abandoning business post-token issuance).
Improvements for Believe:
Filter for viable businesses (such as physical companies) and reduce purely speculative projects.
Control launch frequency to maintain the value of existing projects.
Risks and Challenges
Project team's cash-out risk: High on-chain liquidity may lead to team cashing out and 'soft rug pulling'.
Human Nature Test: After securing ample funds, the team may become complacent and deviate from business goals.
4. Future Outlook
Opportunities for Believe
If projects are continuously selected with risk control, it may become the 'Blur' of the SOL ecosystem (a challenger to OpenSea).
Need to address fund misuse issues and establish long-term trust.
Market Dynamics
Intensified competition in the SOL ecosystem, PUMP needs to reactivate community-driven models.
Ethereum faces challenges in consensus transformation due to regulatory scrutiny and SOL's encroachment on PMF (Product-Market Fit).
