Launch of Memecoin platform introduces safeguards against rug pull incidents
New and Improved Believe: A Safer Memecoin Launchpad
Step up your memecoin game with Believe, the revamped SocialFi launchpad, previously known as Clout. Believe has geared up with enhanced security measures to combat rugpulls and scams, making your investment safer than ever.
Boasting automatic and manual fee blocking for new tokens and a standardized "BLV" contract address suffix, Believe is taking a bold step towards safeguarding its users. The auto-fee blocking feature, introduced for the first 24 hours post-launch, aims to discourage immediate sell-offs, a common culprit behind rugpulls. The manual fee blocking option, available for any new token, encourages users to swiftly report any projects raising suspicions.
Additionally, the new update includes clear and easy-to-identify token contract addresses - ending with "BLV" - ensuring users can spot tokens launched on the Believe platform with ease, much like how Pump.fun memecoins are recognized by the "pump" suffix in their CAs.
Within the next 24 hours, Believe intends to make token health status and creator fee earnings publicly available, while significant optimizations to the iOS token release process are anticipated to increase the proportion of tokens released through the app from 1% to nearly 100% by the end of the month.
Cardi B's WAP memecoin pump fizzles out, yet againBelieve, as a Web3-based SocialFi platform, empowers users to craft and introduce tokens into the market via social interactions on X (once Twitter). Users can simply tweet details and tag the platform's launch command, triggering automatic token creation.
Tokens begin trading on a bonding curve and graduate to Meteora once their market caps reach $100,000. From that point forward, trading fees are split 50/50 between Believe and the token creator, who can claim their earnings daily by linking their X account to the Believe app.
LAUNCHCOIN, previously linked to Believe through Ben Pasternak, founder of both Clout (now Believe) and the token, remains closely connected to the platform. Although not officially Believe's native coin, its rebranding coincided with the platform's, fueling speculation about its prospective role within the ecosystem, driving the LAUNCHCOIN price surge from a $10 million market cap on May 12 to over $240 million by May 14, before it retreated to $142 million.
Pump.fun reported token launch sends Solana memecoins reelingDespite the controversial nature of memecoins, innovative platforms like Believe are pushing the boundary for accessible, social-driven token creation, albeit with less emphasis on traditional on-chain safeguards against rugpulls and scams compared to some other platforms. Ensuring a safe and secure environment for users is a top priority for the platform. Stay tuned for more updates as Believe continues to set the trend in the memecoin universe!
- Believe, the revamped memecoin launchpad on the Solana blockchain, introduces automatic and manual fee blocking for new tokens, aiming to lessen rugpulls and scams.
- Innovative memecoin platform Believe boosts its security by incorporating a standardized "BLV" contract address suffix, making it simpler for users to identify tokens launched on their platform.
- As the first memecoin platform to offer crystal-clear token contract addresses, Believe ensures a transparent and safer memecoin trading experience for crypto enthusiasts, via technology empowering user-driven token creation.
