Launch Coin: The Evolution from Influence Token to a Decentralized Web3 Startup Incubator

The Road to Platform Reshaping

Believe’s predecessor Clout was founded by young entrepreneur Ben Pasternak, focusing on tokenizing social influence to attract early attention. However, due to complex operations, insufficient incentives, and frontend crashes, the token approached near zero, leading to a significant decline in trust. In April 2025, it was renamed Believe, upgrading the concept from trusting “individuals” to trusting “ideas,” emphasizing community mutual trust and Decentralization.

The Rapid Appreciation and Success Factors of Launch Coin

After the renaming, Launch Coin quickly returned to market focus in early May 2025, with its market value growing from millions to hundreds of millions of dollars in just 72 hours, and breaking through 200 million dollars a few weeks later. This is attributed to:

• Clear and tight token governance and incentive mechanisms deeply bind platform governance with token issuance projects;
• Multiple Web2 startup teams with user bases are bringing products on-chain, enabling tokens to possess real ecological value.
• A mobile-friendly purchasing experience that supports various fiat payment methods such as Apple Pay and debit cards.
• The powerful community promotion capability, with active traders and KOLs within the Solana ecosystem continuously participating to create a spreading effect.

Advantages and risks coexist

Launch Coin is easy to operate, has a low threshold, and supports fiat injection, attracting a large number of new users and active trading. The community atmosphere is lively, making it very suitable for users looking for Alpha investment opportunities. The platform has a problem of lack of profit return, and there is currently no stable dividend or buyback mechanism, leading to severe fluctuations in Token prices. In addition, the quality of projects varies, and they are still in the early stages of development, with the overall governance mechanism not yet perfect, so investment should be approached with caution.

Summary

The rise of Launch Coin is not only a price miracle but also a comprehensive reconstruction attempt by Believe of the cryptocurrency fundraising process. It strives to create a decentralized entrepreneurial financing platform supported by the community, breaking the monopoly of traditional venture capital and injecting vitality into Web3 innovation. Although there are still many uncertainties and risks, its rapid growth and market attention indicate that Launch Coin is expected to become a reference benchmark for the next generation of Web3 financing models.