1/ @believeapp is shaking up project funding on Solana with its "tweet-to-token" model, letting anyone launch a token by replying to a tweet.
It now has the third most memecoin volume of any launchpad, behind @pumpdotfun and @MeteoraAG.
Let's dive in 🧵
2/ The vision? Democratize venture funding.
Users reply to a tweet with "@launchcoin + name" to mint a new token, aiming to turn online attention into permissionless capital.
This drastically lowers barriers to token issuance on Solana.
3/ Over 5000 tokens were launched on Believe in the last 24 hours.
This puts it in 3rd place in token launches, with a 14% market share.

4/ New tokens start on a bonding curve with an anti-snipe fee.
Reaching a $100k mcap allows "graduation" to a Meteora DEX pool for deeper liquidity.
Creators can claim 50% of trading fees, incentivizing participation.
5/ @believeapp has seen rapid adoption, aiming for "utility coins" & targeting Web2 devs.
A gap in the market exists for low valuation venture businesses that Believe could potentially fill.
6/ Regulatory fog is thick, though. Believe calls tokens "digital merch," not equity, but SEC scrutiny is a key uncertainty.
Extreme market volatility, akin to memecoins, means high potential for rapid gains & severe losses.
7/ Believe's "tweet-to-token" is a fascinating SocialFi experiment, offering unparalleled ease for token launches.
Sustainability hinges on fostering real value beyond hype.
Subscribe to Blockworks Research to stay up to date on new launchpads like @believeapp.
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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