Original author: KarenZ, Foresight News
Clout, the once popular app in the SocialFi space, is now relaunching under the new brand Believe.
As an early platform that attempts to capitalize social influence, Clouts core logic is to allow users to monetize their influence. However, due to excessive reliance on the personal influence of issuers and excessive market speculation, Clouts further development has been severely restricted.
In view of this, Clout founder Ben Pasternak announced that Clout would be upgraded to Believe and released the MVP version on April 27. With this upgrade, Believe completely abandoned the simple social relationship assetization model and focused on empowering projects or technologies with practical application scenarios and facilitating the rapid issuance and cold start of tokens. This transformation explains its vision from Believe in Someone to Believe in Something.
The upgrade of Believe has also received widespread attention in the industry. Solana officials, Solana co-founder toly, and Jupiter co-founder meow also retweeted tweets mentioning Believe. Since its launch on April 27, Believe has also demonstrated strong market explosiveness. According to founder Ben Pasternak, in just two days, the platforms transaction volume soared to US$140 million, while generating US$2.5 million in fees for creators.
So, what kind of platform is Believe? How are platform fees allocated? What challenges will it face in its development? Which tokens are worth paying attention to?
Believe: A Mint for Creative Projects
Believe can be seen as Kickstarter for creativity, ideas or start-up projects, and tokenizes creativity by simplifying the token issuance process, lowering the entry threshold for projects, and combining the communication advantages of social media. The specific token issuance method is to deploy it as a token by tweeting @launchacoin and adding the token name.
Imran Khan, founding partner of Alliance DAO, said that founders or scouts can add the @launchacoin tag to a post to automatically create a token associated with the idea. The market will then determine the fair value of the token based on the scale and importance of the problem being solved. For founders, this is a way to measure the markets real demand for their ideas or projects. If enough fees are generated, founders can withdraw proceeds and start building immediately. For scouts, their goal is to discover high-quality ideas and potential founders on Twitter and tag relevant tweets. If the founder eventually realizes the idea, the scout can get a portion of the fees permanently.
In terms of fees, according to Ben Pasternaks explanation, the Believe platform charges 2% of the transaction amount as transaction fees, of which token creators will receive 1% of the transaction amount, Scouts will receive 0.1% of the transaction amount, and the remaining 0.9% will be retained by Believe officials. Such a distribution mechanism not only protects the interests of all parties, but also provides financial support for platform operations.
So how does Believe help achieve token launch?
Launch Coin uses Meteora DBC (Dynamic Bonding Curve) to quickly launch tokens with minimal fees and is configured to pay fees to creators. Meteora DBC is an SDK that includes all the features and performance of Meteora and is fully customizable, allowing integrators to launch tokens with customizable virtual curves directly on their Launchpad or platform, supporting integrator users to create new tokens and create a dynamic bonding curve pool, based on which anyone can purchase tokens.
Which tokens are worth watching?
The author sorted out some of the tokens mentioned by Believe officials and Ben Pasternak on Twitter:
LaunchCoin: LaunchCoin was renamed from PASTERNAK. PASTERNAK is the token of the same name of the founder Ben Pasternak. It is the first token to complete pre-sale on Clout. On January 24, 2025, the market value of the launch day reached 80 million US dollars. After that, the market value fell all the way, and the lowest fell to more than 100,000 US dollars. However, it has risen 12 times in the past two days. The current market value has reached 14.6 million US dollars, with 8,997 holders. Launch Coin is also regarded by some users as the official platform token of Believe.
SuperFriend: Deployed by Helena Zhang @launchacoin (Helena Zhang founded Pocketflow, an AI workflow automation platform, in August 2024). SuperFriend can help visualize, understand, and chat with developers code bases. SuperFriend has not been deployed yet, but you can apply to join the access list. The current market value of SuperFriend tokens is $2.5 million and there are 3,179 holders.
Dupe: Dupe.com is a substitute search tool specifically for furniture products, with 1 million monthly active users and 367,000 followers on Instagram. Users add dupe.com/ before the URL of the furniture product they are interested in, and a series of substitute furniture will be listed. Dupe.com CEO @ghoshal said that it accidentally launched a Meme coin called DUPE for Dupe.com on Solana, and then the $DUPE logo was added to the official profile of Dupe.com. @ghoshal also tweeted that Dupe.com added the function of purchasing with DUPE in applications and websites, and also allowed the purchase of goods with SOL. The current market value of Dupe tokens is 3.92 million US dollars, with 3,548 holders.
Peek: Peek is an AI personal finance app launched by Sherry Jiang (@sherryyanjiang), which ranked fourth on Product Hunt last week. Sherry Jiang previously worked at Google and Amazon. However, the Peek token was not created by founder Sherry Jiang, but by a third party @casatay.
CryptoGym: CryptoGym is a meme trading simulator that is now available on the App Store. CryptoGym will soon launch a token incentive mechanism in the app. The CryptoGym token was created by the platforms founder Michael Beer and forwarded by Ben Pasternak. The current market value of the CryptoGym token is $145,000 and there are 639 holders.
Instaclose: Instaclose is a tool that uses AI technology to automate sales development. It mainly uses voice technology to make calls to potential customers immediately after they register to complete demonstration appointments. Instaclose creator Samuel Spitz said that he and Ben Pasternak are online friends and created tokens to support Ben Pasternaks work. Samuel Spitz reminded that he has not made any commitments to this project, but it has occupied most of his time in the past two months. Most tokens may return to zero within a week.
MaigaXBT: MaigaXBT is an AI agent for cryptocurrency trading and alpha signals, and won the first prize in the DeFAI track at the Seedify AI Agent Hackathon. The MaigaXBT token is driven by Maiga creator VictorLee.eth and has a current market value of $136,000.
summary
Believe provides a one-click Kickstarter for creative and start-up projects through extremely low startup costs and the dissemination advantages of Twitter. For investors, Believe may be a testing ground full of opportunities, but it is crucial to rationally select high-quality projects and grasp the market rhythm.
In the future, whether Believe can find a balance between empowering real value projects and suppressing speculative bubbles will determine whether it can truly achieve the leap to Believe in Something.
