What is Launch Coin?
Figure:https://www.believescreener.com/
Launch Coin ($LAUNCHCOIN) is the platform token of the encryption project incubation platform Believe. The platform was originally named Clout, initially marketed with the proposition of "personal influence tokenization," but after experiencing token zeroing, frontend crashes, and a community trust crisis in its early stages, it underwent a complete restart, rebranding to Believe, and officially transitioned its native token $Pasternak to the platform's core asset Launch Coin. Its positioning has gradually shifted from a "celebrity social platform" to a "Web3 YC," aiming to create a new type of financing platform driven by the community, without the need for traditional VCs, allowing entrepreneurs to directly issue tokens for financing in the market and integrating encryption functionalities into Web2 products.
Platform Transformation: From Clout to Believe
Believe's predecessor Clout was initiated by 25-year-old serial entrepreneur Ben Pasternak, who initially tried to translate the influence of social media accounts into tokens. However, the platform quickly lost popularity in its early days due to complex operations, a single incentive mechanism, and DApp crashes, leading to a significant decline in token prices and the project coming close to death.
Until April 2025, the team announced a full restart and rebranding as Believe, with the slogan upgraded from "Believe in someone" to "Believe in something," emphasizing the iteration of trust mechanisms and platform philosophy.
The Hundredfold Journey of Launch Coin
Image:https://dexscreener.com/solana/yrrustgpugdp8bbfosqdefssen6sa75zs1qjvgnhtmy
The renamed Launch Coin regained market attention in early May 2025, soaring from a market value of one million dollars to over one hundred million in just 72 hours, and then breaking through 200 million dollars within a few weeks, becoming a hot on-chain asset. The success factors include:
- Token mechanism clarified: Launch Coin is positioned as the central hub for platform governance and incentives, with a closer relationship to the token projects on the platform.
- Real product launch: Several Web2 entrepreneurs are launching tokens with existing users or products, such as $NOODLE, $BUDDY, etc.;
- Mobile-friendly for users: Believe supports iOS installation, allowing users to conveniently purchase tokens via Apple Pay, debit cards, and other methods;
- Strong community communication: Multiple on-chain KOLs and active traders from the Solana community are repeatedly entering and exiting this project, creating a strong communication cycle.
Advantages and Risks
Advantages:
- Low entry barrier, simple user interface;
- Supports fiat currency recharge, connecting new users;
- The platform has high activity, with frequent trading opportunities;
- The community atmosphere is strong, suitable for Alpha catchers.
Risk:
- Lack of platform profit repatriation mechanisms (such as buybacks, dividends);
- Token volatility is extreme in extreme market conditions;
- The quality of the projects varies and still needs to be screened.
- There is currently no complete governance mechanism or stable economic model.
Launch Coin on Gate
LaunchCoin (LAUNCHCOIN) is now available for spot trading on Gate. You can click the link to trade:https://www.Gate.com/trade/LAUNCHCOIN_USDT
The token has recently experienced significant volatility; please trade cautiously and be aware of the risks.
Summary: Web3's YC, or just a new shell for Meme?
The rise of Launch Coin (LAUNCHCOIN) is not just a miracle of token price, but also an attempt by the Believe platform to reconstruct the encryption financing process. Through underlying mechanism optimization, the introduction of application scenarios, and the refinement of user experience, Believe aims to build a universal platform that allows entrepreneurs to raise funds, issue tokens, and launch user networks without relying on traditional investment institutions.
Although the current platform is still in its early stages of development, with risks and controversies coexisting, the hundredfold growth of Launch Coin has already attracted industry attention and may become a new template for financing Web3 products in the future.
Note: YC represents an innovative incubation model in the Web3 field, helping startups grow rapidly by providing funding, resources, and guidance, thereby promoting the development of Web3 technology and applications.
