Clout transforms into Believe! It is a creative "coin factory" and also a "ruthless issue coin machine."

In just two days, achieving a volume of 140 million dollars, what kind of platform is Believe, from "Believe in Someone" to "Believe in Something"?

Written by: KarenZ, Foresight News

Clout, the application that once became extremely popular in the SocialFi space, is now re-launched under the new brand Believe.

As an early attempt to monetize social influence as an asset, Clout's core logic is to allow users to monetize their influence. However, issues such as excessive reliance on the personal influence of issuers and excessive market speculation have severely restricted Clout's further development.

In light of this, Clout founder Ben Pasternak announced the upgrade of Clout to Believe, with the MVP version released on April 27. This upgrade sees Believe completely abandon the purely "social relationship assetization" model, instead focusing on "empowering projects or technologies with practical application scenarios to facilitate rapid token issuance and cold start." This shift interprets its vision from "Believe in Someone" to "Believe in Something."

The upgrade of Believe has also received widespread attention in the industry. Solana's official account, Solana co-founder toly, and Jupiter co-founder meow have also retweeted and mentioned Believe's tweets. Since its launch on April 27, Believe has shown strong market explosive power. According to founder Ben Pasternak, in just two days, the platform volume skyrocketed to 140 million dollars, while generating 2.5 million dollars in fee revenue for creators.

So, what kind of platform is Believe? How are the platform fees distributed? What challenges will it face during its development? Which tokens are worth paying attention to?

Believe: The "Minting Factory" of Creative Projects

Believe can be seen as a Kickstarter for creative ideas or startup projects, tokenizing creativity by simplifying the token issuance process, lowering the entry barriers for projects, and leveraging the communication advantages of social media. The specific token issuance method is to deploy it as a token by mentioning @launchacoin in a tweet along with the token name.

Imran Khan, founding partner of Alliance DAO, stated that founders or scouts can add the @launchacoin tag in their posts to automatically create tokens related to the idea. The market will then determine the fair value of the token based on the scale and significance of the problem being solved. For founders, this is a way to measure the market's genuine demand for their ideas or projects. If sufficient fees are generated, the founders can extract profits and immediately start building. For scouts, their goal is to discover high-quality ideas and potential founders on Twitter and to tag relevant tweets. If the founders ultimately realize the idea, the scout can earn a portion of the fees permanently.

In terms of fees, according to Ben Pasternak, the Believe platform charges a transaction fee of 2% of the transaction volume, where the token creators will receive 1% of the transaction volume, Scouts will receive 0.1% of the transaction volume, and the remaining 0.9% will be retained by Believe. This distribution mechanism not only protects the interests of all parties but also provides financial support for the platform's operations.

So how does Believe actually help achieve token issuance?

Launch Coin uses Meteora DBC (Dynamic Bonding Curve) to quickly launch tokens with minimal fees and is configured to pay fees to the creator. Meteora DBC is an SDK that encompasses all features and performance of Meteora, with complete customizability, allowing integrators to launch tokens with customizable virtual curves directly on their Launchpad or platform, supporting integrator users in creating new tokens and establishing a dynamic bonding curve pool, where anyone can purchase tokens based on that bonding curve.

Which tokens are worth关注?

The author has整理了部分 tokens mentioned on Believe's official and Ben Pasternak's Twitter:

LaunchCoin: LaunchCoin was renamed from PASTERNAK. PASTERNAK is the namesake token of founder Ben Pasternak and is the first token to complete its presale on Clout. On the launch day, January 24, 2025, its market value peaked at 80 million USD, but then it fell back to a low of over a hundred thousand USD. However, it has surged 12 times in the past two days, currently reaching a market value of 14.6 million USD, with 8,997 holders. Launch Coin is also seen by some users as the official platform token of Believe.

SuperFriend: Deployed by Helena Zhang at @launchacoin (Helena Zhang founded the AI workflow automation platform Pocketflow in August 2024). SuperFriend can help visualize, understand, and chat with developers' codebases. SuperFriend has not been deployed yet, but applications to join the access list are currently open. The current market value of the SuperFriend token is 2.5 million USD, with 3,179 holders.

Dupe:Dupe.com is a flat search tool for furniture products with 1 million monthly active users and 367,000 followers on Instagram. When users add "dupe.com/" in front of the website link of the furniture product they are interested in, a series of flat furniture will be listed. Dupe.com CEO @ghoshal said that he unexpectedly launched a meme coin called "DUPE" for Dupe.com on Solana, and after that, Dupe.com's official profile also added the "$DUPE" logo. @ghoshal also tweeted that Dupe.com added the ability to purchase with DUPE on the app and website, and also allowed the use of SOL to purchase items. The Dupe token has a current market cap of $3.92 million and is held by 3,548 holders.

Peek: Peek is an AI personal finance application launched by Sherry Jiang (@sherryyanjiang), which ranked fourth in popularity 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 was driven by the third party @casatay.

CryptoGym: CryptoGym is a Meme transaction simulator that is currently available on the App Store. CryptoGym will soon launch a token incentive mechanism within the app. The CryptoGym token was initiated by the platform founder Michael Beer and forwarded by Ben Pasternak. The current market value of the CryptoGym token is 145,000 USD, with 639 holders.

Instaclose: Instaclose is a tool that utilizes AI technology for automated sales outreach, primarily making calls to schedule demos immediately after potential customers register through voice technology. The creator of Instaclose, Samuel Spitz, stated that he is an online friend of Ben Pasternak and that the creation of the token is to support Ben Pasternak's work. Samuel Spitz cautioned that "he has made no commitments to this project, but it has occupied most of his time over the past two months. Most tokens may go to zero within a week."

MaigaXBT: MaigaXBT is an AI agent for cryptocurrency trading and Alpha signals, which won the first prize in the DeFAI track at the Seedify AI agent hackathon. The MaigaXBT token is promoted and deployed by Maiga creator VictorLee.eth, and currently has a market cap of $136,000.

Summary

Believe provides a "one-click Kickstarter" for creative and startup projects through extremely low startup costs and the dissemination advantages of Twitter. For investors, Believe may be an experimental field full of opportunities, but it is crucial to rationally select quality projects and grasp the market rhythm.

In the future, whether Believe can find a balance between "empowering real value projects" and "curbing speculative bubbles" will determine its ability to truly achieve the leap to "Believe in Something."