In just two days, it achieved a trading volume of $140 million. From "Believe in Someone" to "Believe in Something," what kind of platform is Believe?
Written by: KarenZ, Foresight News
Clout, an application that once thrived in the SocialFi space, has now rebranded itself as Believe.
As an early attempt to capitalize on social influence, Clout's core logic was to allow users to monetize their influence. However, issues such as over-reliance on the personal influence of issuers and excessive market speculation severely restricted Clout's further development.
In light of this, Clout's founder, Ben Pasternak, announced the upgrade of Clout to Believe and released the MVP version on April 27. This upgrade completely abandons the simple model of "capitalizing social relationships" and instead focuses on "empowering projects or technologies with practical application scenarios, facilitating rapid token issuance and cold starts." This shift embodies its vision from "Believe in Someone" to "Believe in Something."
The upgrade of Believe has also garnered widespread attention in the industry. The official Solana account, Solana co-founder Toly, and Jupiter co-founder Meow have all retweeted mentions of Believe. Since its launch on April 27, Believe has demonstrated strong market explosive power. According to founder Ben Pasternak, in just two days, the platform's trading volume skyrocketed to $140 million, generating $2.5 million in fees for creators.
So, what exactly is Believe? How are platform fees distributed? What challenges will it face in its development? Which tokens are worth paying attention to?
Believe: The "Minting Factory" for Creative Projects
Believe can be seen as a Kickstarter for creative ideas or startup projects, simplifying the token issuance process, lowering project entry barriers, and leveraging the dissemination advantages of social media to tokenize ideas. The specific method for token issuance is to @launchacoin in a tweet along with the token name to deploy it as a token.
Imran Khan, founding partner of Alliance DAO, stated that founders or scouts can add the @launchacoin tag in their posts to automatically create a token related to that idea. The market will then determine the fair value of the token based on the scale and significance of the problem it addresses. For founders, this serves as a way to gauge the market's genuine demand for their ideas or projects. If sufficient fees are generated, founders can withdraw earnings and immediately begin building. For scouts, their goal is to discover quality ideas and potential founders on Twitter and to tag relevant tweets. If the founder ultimately realizes the idea, the scout can earn a portion of the fees permanently.
Regarding fees, Ben Pasternak explained that the Believe platform charges a total of 2% of the transaction amount as a transaction fee, of which token creators receive 1%, scouts receive 0.1%, and the remaining 0.9% is retained by Believe. This distribution mechanism ensures the interests of all parties while providing financial support for platform operations.
So how does Believe help facilitate token releases?
Launch Coin uses Meteora DBC (Dynamic Bonding Curve) to quickly launch tokens at minimal cost and is configured to pay fees to creators. Meteora DBC is an SDK that encompasses all the features and functionalities of Meteora and is fully customizable, allowing integrators to launch tokens with customizable virtual curves directly on their Launchpad or platform, supporting users in creating new tokens and establishing a dynamic bonding curve pool, where anyone can purchase tokens based on that bonding curve.
Which Tokens Are Worth Watching?
The author has compiled some tokens mentioned by Believe's official account and Ben Pasternak on Twitter:
LaunchCoin: LaunchCoin was renamed from PASTERNAK. PASTERNAK is the eponymous token of founder Ben Pasternak and was the first token to complete a presale on Clout, reaching a market cap of $80 million on its launch day, January 24, 2025. However, its market cap subsequently fell to just over a hundred thousand dollars but has surged 12 times in the past two days, currently reaching a market cap of $14.6 million with 8,997 holders. Launch Coin is also viewed by some users as the official platform token of Believe.
SuperFriend: Deployed by Helena Zhang @launchacoin (Helena Zhang founded the AI workflow automation platform Pocketflow in August 2024). SuperFriend helps visualize, understand, and chat with developers' codebases. SuperFriend has not yet been deployed, but applications for an access list are currently open. The current market cap of the SuperFriend token is $2.5 million, with 3,179 holders.
Dupe: Dupe.com is a search tool for alternative furniture products, boasting 1 million monthly active users and 367,000 followers on Instagram. Users can prepend "dupe.com/" to the URL of a furniture product they like to see a list of alternative furniture options. Dupe.com CEO @ghoshal stated that he unexpectedly launched a meme coin named "DUPE" on Solana for Dupe.com, and the official Dupe.com Twitter bio has since added the "$DUPE" tag. @ghoshal also hypothesized on Twitter about adding a feature to the app and website to allow purchases using DUPE, as well as allowing SOL for purchases. The current market cap of the Dupe token is $3.92 million, with 3,548 holders.
Peek: Peek is an AI personal finance application launched by Sherry Jiang (@sherryyanjiang), which ranked fourth in popularity on Product Hunt last week. Sherry Jiang previously worked at Google and Amazon. However, the Peek token was not created by founder Sherry Jiang but was driven by a third party @casatay.
CryptoGym: CryptoGym is a meme trading simulator that is now available on the App Store. CryptoGym will soon introduce a token incentive mechanism within the app. The CryptoGym token was created by platform founder Michael Beer and has been retweeted by Ben Pasternak. The current market cap of the CryptoGym token is $145,000, with 639 holders.
Instaclose: Instaclose is a tool that utilizes AI technology for automated sales outreach, primarily making calls immediately after potential customers register to complete demo appointments using voice technology. Instaclose creator Samuel Spitz stated that he and Ben Pasternak are online friends, and the creation of the token is to support Ben Pasternak's work. Samuel Spitz cautioned that "he has made no commitments to this project, but it has occupied most of his time over the past two months. Most tokens could potentially go to zero within a week."
MaigaXBT: MaigaXBT is an AI agent for cryptocurrency trading and Alpha signals, which won first place in the DeFAI track at the Seedify AI agent hackathon. The MaigaXBT token was driven by creator VictorLee.eth and currently has a market cap of $136,000.
Conclusion
Believe provides a "one-click Kickstarter" for creative ideas and startup projects through extremely low startup costs and the dissemination advantages of Twitter. For investors, Believe may be an experimental ground full of opportunities, but it is crucial to rationally select quality projects and grasp market rhythms.
In the future, whether Believe can find a balance between "empowering projects with real value" and "curbing speculative bubbles" will determine whether it can truly make the leap to "Believe in Something."
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