What is Believe?
(Source: believe)
The design philosophy of the Believe platform is simple and straightforward: it allows anyone to quickly launch their creative projects and token economic models through community funding, whether you are a solo developer, a dedicated builder, a small creative team, or even a dreamer with ideas but lacking resources. As long as you are willing to take action and seek community support, you can initiate your own Launch Coin here.
What is Launch Coin?
Launch Coin is a community token issued by creators (or project parties) through the Believe platform. It is not just a cryptocurrency; it is a symbol of action that represents the community's collective consensus and support for an idea, concept, or product. The birth and application of these tokens are based on one principle: "Let the tokens be a part of the product." Through the API provided by Believe, creators can easily integrate Launch Coin into their own applications, games, or community interaction processes, making the tokens truly usable and playable, rather than just for speculation.
API for Building Token Logic
In order to ensure that the economic model of Launch Coin is not abused or manipulated, Believe has designed a token burn verification mechanism based on Proofs.
For example, when a user purchases a creator's product (such as a T-shirt, limited edition image, digital music package, etc.), they can submit verification information for that event (such as order number, user ID, transaction time, etc.) to the platform through the /v1/tokenomics/burn endpoint to trigger a token burn action. This design can achieve the following points:
- Enhance the actual usage rate of tokens, allowing every transaction to be accompanied by token burning.
- Through JSON Schema structured validation of data, standardize the validation process.
- Increase the scarcity and authenticity of Launch Coin to avoid excessive inflation.
Token and Fee Model
Fee Structure
Once your Launch Coin project successfully "graduates" (completes its initial goals and begins circulation), you can start withdrawing fees. The overall fee distribution model is:
- 70% to creators
- 30% to Believe platform
Such a model allows creators to truly retain control, while also providing the platform with reasonable operational space. Each transaction that flows through the Believe liquidity pool incurs a 2% fee, which is automatically collected by the system on the Solana chain.
How to receive fees?
To claim your share of the fees, simply bind your X (formerly Twitter) account with your Believe account. Once the binding is complete, the fees will be automatically distributed in proportion with each issuance, requiring no manual operations or submission of requests. The entire process is automated, and in simple terms, token burning is no longer just a matter of imagination, but is supported by events, verified by JSON, and recorded on the blockchain.
Why issue Launch Coin?
Instead of waiting for the approval of large institutions, Launch Coin encourages you to take initiative and let the community determine your value. Through tokens, you can:
- Quick fundraising: Connect directly with users without going through traditional fundraising processes.
- Incentivize participants: Early supporters can enjoy future growth dividends by holding coins.
- Deeply integrated products: rewarding behaviors with tokens, designing game rules, enhancing retention.
- Establishing a governance community: Token holders can participate in voting, content review, or future proposals.
- Through these designs, Launch Coin allows every creator to have their own economic system.
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Summary
Launching Coin on Believe is not just a token issuance tool, but a Web3 revolution of the creator economy, requiring no waiting for venture capital, no need to please platforms. Creators can also spontaneously initiate influence; every creator's idea deserves to be seen, and the community is the capital. Most importantly: tokens are not the end point, but a medium for establishing consensus with the community.
