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Project review

What is Believe? What Does It Do?

Emre Yumlu
Update Date: 22 May 2025 17:44:40
SUBSCRIBE: Youtube Google News
what is believe, believe.app, launchcoin, launch on believe coin, how to use believe,
22
May

Believe is an innovative platform that allows everyone to bring their ideas to life through the internet. By creating your own token, you can fund your project with community support, designed specifically for creative individuals and entrepreneurs.

In the memecoin launchpad category, Believe operates on the Solana blockchain and simplifies the token creation process by integrating with the X platform. So, what is Believe, how does it work, and what does it do? Let’s dive into the details.

What is Believe?

Believe is a memecoin launchpad platform that allows you to create your own token without any technical knowledge or crypto wallet, simply by replying to an X post. Launched in April 2025, this platform is a rebranded version of the Web3 SocialFi platform previously known as Clout. Believe enables creators and entrepreneurs to quickly launch their projects and offers a community-driven funding model.

The platform’s founder, Ben Pasternak, previously launched the PASTERNAK token on the Clout platform, creating significant buzz. In April 2025, Clout’s rebranding to Believe and the introduction of LAUNCHCOIN made a viral impact in the crypto world. LAUNCHCOIN reached a market capitalization of over $240 million in a short time, showcasing the platform’s potential.

What Does Believe Do?

Believe offers a unique way to fund your projects and connect with your community. Here are its core functions:

  • Easy Token Creation: Without needing technical knowledge, you can create your own token by replying to Believe’s Launchcoin X account with a ticker name. Believe handles the token creation process on the Solana blockchain and provides you with a token link.
  • Community Support: Believe allows you to build a community that supports your project. Token holders feel like part of your project and can contribute with feedback.
  • Revenue Sharing: When tokens transition to the Meteora platform, 50% of the transaction fees are shared with the token creator. These fees are automatically distributed by linking your X account to the Believe app.
  • Internet Capital Markets: Believe introduces the concept of “Internet Capital Markets,” creating an ecosystem where anyone can tokenize and fund a good idea.

How Does Believe Work?

Believe’s mechanism is simple and innovative. Here’s how it works step-by-step:

  • Application via X: Reply to Believe’s Launchcoin X account with your project’s ticker name (e.g., $…).
  • Token Creation: Believe creates your token on the Solana blockchain in the background and sends you a token link.
  • Market Launch: Tokens start with a bonding curve and transition to Meteora once they reach a $100,000 market cap. This allows your token to trade in liquidity pools.
  • Community Management: After your token is launched, you need to actively engage with your community on X. The first 24 hours are critical for answering questions and promoting your project.

Tips for Launching a Project on Believe

To successfully launch a project on Believe, pay attention to these key points:

  • Transparency Matters: Present your project clearly and understandably. Use simple language for non-technical followers.
  • Use Video: Sharing a Loom-style screen recording video to introduce your project builds trust and attracts more support.
  • Stay Active: Be active on X during the first 24 hours after launch, answer questions, and share your roadmap.
  • Show Your Identity: Include your credentials in your bio; the community wants to know who’s behind the project.
  • Pre-Notification: Inform the Believe team at least one hour before launch so your project can potentially be featured in the app.

Advantages of Believe

  • Ease of Access: No crypto wallet or technical knowledge is required, making the platform accessible to everyone.
  • Fast Funding: You can quickly tokenize your idea and gain community support.
  • Community Engagement: Involve token holders in your project to build a loyal community.
  • Revenue Model: Continue funding your project by earning a share of transaction fees.

Risks of Believe

While innovative, there are some risks to consider when using Believe:

  • Rug Pulls and Scams: Memecoins are speculative and often lose value. If you don’t maintain interest in your project, your token’s value can plummet.
  • Spam Issue: Believe’s X reply-based token creation system may be vulnerable to spam attacks. It’s unclear what measures the platform has in place.
  • Token Metadata Changes: Token creators can change the token’s name, URL, or image after launch, increasing the risk of fraud. For example, a token could be rebranded to mimic another popular project after gaining traction.

Believe and LAUNCHCOIN Relationship

LAUNCHCOIN is not the official token of the Believe platform but is a rebranded version of the PASTERNAK token by platform founder Ben Pasternak. In May 2025, LAUNCHCOIN surged from a $10 million to over $240 million market cap. This success highlights Believe’s potential and the community’s interest in the platform.

LaunchCoin Tokenomics

LaunchCoin (LAUNCHCOIN) follows a clear and trust-oriented tokenomics model, focusing on simplicity and fairness. The Believe team intentionally avoided complexity to maintain long-term credibility.

  • Total Supply: 1,000,000,000 tokens

  • Circulating Supply: ~999,870,000 tokens (~99.99% released)

Token Allocation:

  • Community Minting: ~80% — distributed via social media participation and engagement campaigns.

  • Founder & Team: ~10%, vested over a 12-month period to prevent sudden dumps.

  • Platform Incentives: ~10%, reserved for staking rewards, early adopters, and strategic partnerships.

Unlike many memecoins that rely on massive presales, LaunchCoin embraced a grassroots approach. Most tokens were distributed organically—users simply had to connect their Solana wallets and tweet using the Believe hashtag to claim their share. The minimal founder allocation helps preserve decentralization and aligns incentives between the team and the community.

Believe Founding Team

Believe.app evolved from a social platform previously known as Clout.me. The mastermind behind the app is Australian young entrepreneur Ben Pasternak. Born in 1999, Pasternak has made a name for himself in the tech world despite his young age.

Pasternak completely redesigned the Clout.me platform, transforming it into Believe.app, a decentralized platform where developers can launch their projects. This strategic shift gained significant attention with the rapid rise of the platform’s native crypto asset, LaunchCoin (LAUNCHCOIN). Previously known as “Pasternak,” the token garnered immense interest after its rebranding, reaching a market capitalization of $200 million, an all-time high.

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