Written by KarenZ, Foresight News
With the platforms native token LAUNCHCOIN increasing nearly 100 times in a single week, the Believe ecosystem has shown strong growth momentum. According to Believe Launches statistics, since the launch of the new version of Believe on April 27, a total of 12,689 tokens have been issued, of which 5,211 were added in the past 24 hours, showing high-frequency vitality. The cumulative transaction volume reached US$16.6 billion, the 24-hour transaction volume was US$740 million, and the creators cumulative income reached US$16.64 million (US$7.4 million in the past 24 hours).
It is worth emphasizing that according to the author’s observation, even developers with thousands to tens of thousands of fans and a high Ethos reputation score face the challenge of a cold start in the market when issuing tokens. Even if the market value of most tokens rises briefly, it will eventually fall back below $30,000.
It should be noted that although Believe has abandoned Clouts simple social relationship assetization model and instead focused on empowering projects or technologies with practical application scenarios and facilitating the rapid issuance and cold start of tokens, the vast majority of tokens on the platform currently belong to the Meme category. What is more noteworthy is that the new coin cycle is being sharply compressed (from days and hours to minutes), coupled with doubts about chip distribution, sniper grabbing, and false prosperity. If retail investors are unprofitable for a long time, the market heat will be difficult to maintain.
In a market where opportunities and risks coexist, tools are the key to screening high-quality tokens and avoiding risks to a certain extent. The following are several essential tools for the Believe ecosystem:
Believe Screener
Believe Screener was built by @nanowisp. It supports sorting Believe ecosystem tokens by market value, trading volume, and increase, and presents new tokens launched through Believe in real time, and can navigate to related tweets. A new token push module is set up in the lower right corner of the Believe Screener website to ensure that users can capture the latest new token dynamics.
Believe Launches
Believe Launches, built by @0x_ultra, supports viewing the top 50 Believe ecosystem tokens by market cap, volume, creator fees, and more. It also displays Ethos reputation scores, making it easy for users to check the reputation of token creators. Believe Xultras Believe Launches Feed allows users to filter low-quality tokens by creator fan count, smart fan count, and Ethos reputation score.
https://believe.xultra.fun/stats
Believe Signal
Believe Signal supports filtering tokens by minimum number of followers, whether the Twitter account is verified, and displays the number of Twitter followers, as well as market data directly pointing to GMGN.
https://www.believesignal.com/
PumpPill plugin
The PumpPill plugin was built by @shixguang_. It supports viewing the coin issuance records, name change history, and common KOLs of Twitter accounts that have posted on platforms such as pump.fun, Boop, and Believe. It can largely identify the dev of high-frequency Rug Pull. The PumpPill plugin is a paid service, and users can also visit https://pumpscam.com/ for free query.
https://chromewebstore.google.com/detail/pumppill/fhfmioonhaaojhlicfalhidddcpcdogf
