The downfall of LaunchCoin is sad to see.

I was a massive bull in the ecosystem as a whole

&& genuinely believe the idea of REAL products having tokenized capabilities is extremely feasible and a potential for a paradigm shift.

What I thought was going to happen

- Products with tokens that have token sinks

- Raise capital to continue operations and have a vested interest with said token, as more volume = more fees

- Real products, with real token use cases, legitimize crypto

What has actually happened

- Scam after scam after scam

- 0 Vetting of teams and countless rugs of tokens (no different than any other launchpad ecosystem)

- Predatory attacks now on legitimate teams by withholding fees unless said teams that have not rugged fully dox and sign a 9 page legal document

- This same legal document appears to give rights to the product, to Believe App!? what the hell is this...

Then couple that off with countless sell pressure of tokens and SOL in order to pay out teams in USDC via web2 means.

Yeah something that had all the potential in the world, has sadly gone astray and turned into a shit show sadly.