What is Launch Coin?

Image:https://www.believescreener.com/

Launch Coin ($LAUNCHCOIN) is the platform token of the encryption project incubation platform Believe. The platform, originally named Clout, initially marketed itself as ‘tokenizing personal influence.’ However, after experiencing token collapse, frontend crashes, and a community trust crisis in the early stages, it underwent a complete reboot, rebranded as Believe, and officially converted the native token $Pasternak into 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 financing platform driven by the community without the need for traditional VCs, allowing entrepreneurs to directly issue coins for financing to the market and integrate cryptocurrency functionality into Web2 products.

Platform Transformation: From Clout to Believe

Believe’s predecessor, Clout, initiated by 25-year-old serial entrepreneur Ben Pasternak, initially attempted to map the influence of social accounts into tokens. However, the platform quickly lost its popularity in the early stages due to complex operations, a single incentive mechanism, DApp crashes, and other issues, causing a sharp drop in token prices, and the project was once close to death.

Until April 2025, the team announced a full reboot and rebranded as Believe, upgrading the slogan from ‘Believe in someone’ to ‘Believe in something,’ emphasizing the iteration of trust mechanism and platform philosophy.

The Hundredfold Path of Launch Coin

Image:https://dexscreener.com/solana/yrrustgpugdp8bbfosqdefssen6sa75zs1qjvgnhtmy

The rebranded Launch Coin regained market attention in early May 2025, soaring from a market value of millions to over a billion in just 72 hours, and then surpassing 200 million dollars in a few weeks, becoming a hot asset on the chain. Success factors include:

• Token mechanism is clear: Launch Coin is positioned as the central hub for platform governance and incentives, with a closer relationship to coin projects on the platform;
• Real product import: Many Web2 entrepreneurs bring existing users or products online to issue coins, such as $NOODLE, $BUDDY, etc.;
• Mobile-friendly: Believe supports iOS installation, allowing users to quickly purchase tokens through Apple Pay, debit cards, etc.;
• Strong community influence: Multiple on-chain KOLs and active traders in the Solana community repeatedly enter and exit this project, forming a strong circulation of communication.

Advantages and Risks

Advantages:

• Low entry barrier, simple user interface;
• Support fiat currency recharge, connect new users;
• High platform activity, frequent trading opportunities;
• Strong community atmosphere, suitable for Alpha catchers.

Risk:

• Lack of platform profit return mechanism (such as repurchase, dividends);
• In extreme market conditions, token prices fluctuate dramatically;
• The quality of projects varies, and still needs to be distinguished;
• No complete governance mechanism or stable economic model yet.

Launch Coin on Gate

LaunchCoin (LAUNCHCOIN) has been listed on Gate spot trading, you can click the link to trade:https://www.gate.io/trade/LAUNCHCOIN_USDT

The token has recently fluctuated significantly, please trade cautiously and be aware of the risks.

Summary: Web3’s YC, or Meme’s new shell?

The rise of Launch Coin is not only a miracle of token price, but also an attempt by the Believe platform to reconstruct the encryption financing process. By optimizing the underlying mechanism, introducing application scenarios, and polishing the user experience, Believe is trying to build a universal platform that allows entrepreneurs to raise funds, issue coins, and launch user networks without relying on traditional investment institutions.

Although the 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 also become a new template for future Web3 product financing.