【4/29】First, the most important question, why does the clout pivot not affect my judgment of Launchcoin, that is, the @believeapp platform?
I mentioned this in my 4/29 tweet, and the reason I wanted to buy PASTERNAK (Launchcoin before it was fully renamed) again is:
"Today, two large MC memecoins $DUPE $SUPERFRIEND were launched on the @believeapp platform, a new meme launchpad formerly known as clout me, incubated and supported by @alliancedao. Today, these two large MC memecoins have a total market cap of 10M, while the platform token's high point was 80M, and now the platform token is only 5M." Yes, I clearly told you from day one that its predecessor was clout. The logic for buying again was because community member @0xEdward999 discovered it was renamed to $LAUNCHCOIN, which obviously looks like a platform token, just without clearly explaining its empowerment. When two new large MC memecoins can easily reach 10m, and the platform token is only 6m, isn't this the best buying opportunity? There's a clear value mismatch, this is a value depression.
4/29 tweet link: https://x.com/yuyue_chris/status/1917061019802997068…
【5/4】The second time, why continue to buy Launchcoin? Largely because memecoins launched on boop were cut
The core logic is in the middle paragraph: 100 1M tokens are much easier than 1 100M token - no need to think about "when we buy tokens on letsbonk and boop, they are basically related to 'this is strongly associated with bonkguy'' 'this interacts with dingaling'' and the centralization is hard to break away from in a short time, which will instead constrain the platform's ceiling. Initial traffic is both good and bad... This is completely different from the current new platform's approach... If @pasternak can bring in an AI founder who can operate and handle things, he would be discovering a talent scout for a new era DK (Luna founder), and perhaps only such decentralized traffic can open the ceiling for tokens on the platform. "The platform token is supported by revenue and large MC memecoin income, rather than the platform token creating the ceiling for tokens on the platform."
Launchpad, after all, is used to launch projects and needs to effectively support the platform's logic through revenue. People think pumpfun is great not because it launched coins, but because it unified the metrics, making all large MC memecoins come from its platform.
At the time, I also knew this approach was slow cooking and might not be fully validated by the market, but directly purchased its platform token with an FDV of only 6M using a true first-level investment mindset. 6M undoubtedly has nearly a hundred-fold upside compared to other launchpads, especially compared to boop, which just came out at 500M. There's a clear value benchmark, this is a value depression.
After that, Launchcoin was washed down to 2M.
5/4 tweet link: https://x.com/yuyue_chris/status/1918821240028205271…
【5/12】Internet capital market, a new narrative led by Solana's core circle and European and American circle emerges
At this point, from the platform token perspective, I was still first focused on "$DUPE going to 20M+". So I emphasized its platform revenue logic again: "This target is extremely cost-effective because it's a Launchpad with only 6M FDV - already having influence in the crypto circle, incubated and supported by alliance dao @alliancedao, with founders who can bring in quality AI founder resources"
At the same time of posting, I also discovered that Solana core figure @rajgokal, Solana co-founder, Solana Labs COO, and AI trend version god @himgajria were discussing the concept of Internet capital market. BTC returned to 100k, but the market was lifeless, with altcoins doing meaningless pumps without fundamentals. The market undoubtedly needs a new narrative, new concept, and new terms. At that time, I realized that this new term and concept might be the new narrative that Solana's core circle and European and American circle want to lead, exploring fundraising and real equity and real assets on-chain in a decentralized way, which is similar to the RWA I mentioned in recent months and the previous pinned article "Making Opportunities Fairly Happen on the Chain: The On-Chain Narrative Transformation, Discourse Power Shift, Positive Industry Changes Brought by AI Agents, and Insights into Primary Market Investment". I even told Lizhuang that I added a position when I broke through 20M. At that time, Launchcoin was at 22M, and the concept of Internet capital market had just emerged, so this was still a value depression.
5/12 tweet link https://x.com/yuyue_chris/status/1921673165056708707…
【5/13】When a new narrative arrives, be the first to believe, the crypto market needs dreammakers
"This new platform @believeapp is a decentralized YC incubator, this version of ai16z"
"The previous product of @pasternak, clout, had a poor experience, leading to bias against believe, but founders don't need to be responsible for the old token when launching a new platform token. While continuously pivoting and exploring new directions, they still insist on exchanging the old token for a new one, which shows they are not the type to just grab money and run." While being biased against Launchcoin, don't forget that Virtual @virtuals_io also transformed from pathdao, a game guild, to the current AI Agent Launchpad leader. The market should recommend supporting persistent people, not those who continuously launch new plates after soft running away from old projects. I had early contact with Virtual and @everythingempt0, but missed the pump by chance. Before the AI boom, no one expected that a 15M FDV could reach 2B today.
When a new narrative arrives, be the first to believe, the crypto market needs dreammakers. The rise at this time was more based on optimism about the big market trend, and the new narrative and sentiment. Of course, you can say I'm blindly FOMOing, but I already have a cost advantage of dozens of times, sharing logic and project updates, and the buy button is in your own hands. At that time, the price was less than 100M, whether it was a value depression requires imagination.
5/13 tweet link: https://x.com/yuyue_chris/status/1922197239168172544…
I have also mentioned my thoughts about the @believeapp platform, what new platforms need, and other related topics in recent tweets. When the full path of Launchcoin's explosion has clear signals and logic, creating a new narrative is a kind of positive strategy. Because even though I don't know @alliancedao and the European and American core circle, I can still capture hundred-fold returns at a low position by grasping the first principles of assets and revenue logic at the value depression.
Anyway, investment is about buying low and selling high.
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