With a trading volume of $140 million in two days, from "Believe in Someone" to "Believe in Something", what kind of platform is Believe?
Written by: KarenZ, Foresight News
Clout, an application that was once extremely popular in the SocialFi field, is now restarting with a new brand called Believe.
As an early platform attempting to monetize social influence assets, Clout's core logic was to allow users to profit from their influence. However, due to excessive reliance on the personal influence of issuers and overly speculative market conditions, Clout's further development was severely constrained.
In light of this, Clout founder Ben Pasternak announced the upgrade of Clout to Believe and released the MVP version on April 27. In this upgrade, Believe completely abandoned the simple "social relationship asset monetization" model, instead focusing on "empowering projects or technologies with actual application scenarios, helping tokens quickly launch and achieve cold start". This transformation interprets its vision from "Believe in Someone" to "Believe in Something".
The upgrade of Believe has also received widespread attention from the industry. Solana Official, Solana co-founder toly, and Jupiter co-founder meow have all retweeted and mentioned Believe. Since its launch on April 27, Believe has also demonstrated strong market explosive power. According to founder Ben Pasternak, in just two days, the platform's trading volume soared to $140 million, while creating $2.5 million in fee income for creators.
So, what exactly is Believe as a platform? How are platform fees allocated? What challenges will it face in its development? Which tokens are worth paying attention to?
Believe: A "Coin Minting Factory" for Creative Projects
Believe can be seen as a Kickstarter for creative ideas, initial projects, simplifying token issuance processes, lowering project entry barriers, and tokenizing creativity by leveraging social media's propagation advantages. The specific token issuance method is to deploy a token by mentioning @launchacoin and adding the token name in a tweet.
Alliance DAO founding partner Imran Khan stated that founders or scouts can automatically create tokens related to an idea by adding the @launchacoin tag in a post. The market will then determine the fair value of the token based on the scale and importance of the problem it solves. For founders, this is a way to measure the market's real demand for their ideas or projects. If sufficient fees are generated, founders can extract profits and immediately start building. For scouts, their goal is to mine high-quality ideas and potential founders on Twitter and tag relevant tweets. If the founder ultimately realizes the idea, scouts can permanently receive a portion of the fees.
Regarding fees, as Ben Pasternak explained, Believe platform collects 2% of the transaction amount as a transaction fee. Among this, token creators will receive 1% of the transaction amount, Scouts receive 0.1%, and the remaining 0.9% will be retained by the Believe official. This allocation mechanism ensures the interests of all parties while providing funding support for platform operations.
How does Believe help achieve token issuance?
Launch Coin uses Meteora DBC (Dynamic Bonding Curve) to quickly launch tokens at the lowest cost and is configured to pay fees to creators. Meteora DBC is an SDK containing all of Meteora's functions and performance, with full customizability, allowing integrators to directly launch tokens with customizable virtual curves on their Launchpad or platform, supporting integrator users to create new tokens and create a dynamic bonding curve pool that anyone can use to purchase tokens.
Which Tokens Are Worth Watching?
The author has sorted out some tokens mentioned on Believe's official and Ben Pasternak's Twitter:
LaunchCoin: LaunchCoin was renamed by PASTERNAK. PASTERNAK is a token with the same name as founder Ben Pasternak, the first token to complete pre-sale on Clout. On its launch day on January 24, 2025, its market value once reached $80 million, then continuously fell to as low as hundreds of thousands of dollars, but has recently increased 12-fold, with a current market value of $14.6 million and 8,997 holders. Launch Coin is also viewed by some users as the official platform token for Believe.
SuperFriend: Deployed by Helena Zhang mentioning @launchacoin (Helena Zhang previously founded the AI workflow automation platform Pocketflow in August 2024). SuperFriend can help visualize, understand, and chat with developers' code repositories. SuperFriend has not been deployed yet, but can currently apply to join the access list. SuperFriend token currently has a market value of $2.5 million with 3,179 holders.
Dupe: Dupe.com is a search tool for furniture product alternatives, with 1 million monthly active users and 367,000 Instagram followers. Users can list alternative furniture by adding "dupe.com/" before the URL of the furniture product they like. Dupe.com CEO @ghoshal stated that he unexpectedly launched a MEME coin called "DUPE" on Solana, after which Dupe.com's Official Twitter profile also added the "$DUPE" identifier. @ghoshal also hypothesized about adding functionality to purchase using DUPE in the app and website, and allowing purchases with SOL. Dupe token currently has a market value of $3.92 million with 3,548 holders.
Peek: Peek is an AI personal finance app launched by Sherry Jiang (@sherryyanjiang), ranking fourth in last week's Product Hunt popularity. Sherry Jiang previously worked at Google and Amazon. However, the Peek token was not created by founder Sherry Jiang, but was promoted by a third party @casatay.
CryptoGym: CryptoGym is a meme trading simulator currently available on the App Store. CryptoGym is about to launch a token incentive mechanism in the app. The CryptoGym token was created by platform founder Michael Beer himself and retweeted by Ben Pasternak. CryptoGym token currently has a market value of $145,000 with 639 holders.
Instaclose: Instaclose is an AI-powered sales expansion automation tool that primarily uses voice technology to make demonstration appointment calls immediately after potential customers register. Instaclose creator Samuel Spitz stated that he and Ben Pasternak are network friends, and creating the token is to support Ben Pasternak's work. Samuel Spitz cautioned that he "has not made any commitments to this project, but it has occupied most of his past two months. Most tokens might go to zero within a week."
MaigaXBT: MaigaXBT is a cryptocurrency trading and Alpha signal AI agent that won first prize in the DeFAI track at the Seedify AI Agent Hackathon. The MaigaXBT token was promoted and deployed by Maiga creator VictorLee.eth, with a current market value of $136,000.
Summary
Believe provides a "one-click Kickstarter" for creative and startup projects through extremely low launch costs and Twitter's propagation advantages. For investors, Believe might be an experimental field full of opportunities, but rationally choosing quality projects and grasping market rhythm are crucial.
In the future, whether Believe can find a balance between "empowering truly valuable projects" and "suppressing speculative bubbles" will determine its ability to truly achieve the leap to "Believe in Something".
