Odaily Planet Daily reports that Launchcoin has officially changed its name to Believe and adjusted its token economics. Following the upgrade, the total supply of Believe tokens has been set at 1.33 billion, a 25% increase from the original version. 17% of this will be used to incentivize current and future ecosystem contributors (locked for one year, then linearly released over four years), 5% will be allocated to early investors (locked for one year), and 3% will be returned to the foundation and immediately released into circulation to support ecosystem development.

In addition, after the upgrade period, all unclaimed tokens will be permanently destroyed, with the goal of gradually reducing the total supply to 1 billion. Launchcoin will no longer be supported or maintained after the upgrade period.