Key points:
– Believe is a SocialFi social platform where users can mint community tokens by simply posting on X (formerly Twitter).
– PASTERNAK was recently rebranded to LAUNCHCOIN on Believe and was first launched on the platform by Ben Pasternak.
– The token can be bought and sold on centralized exchanges such as XT.com, CoinEx, and Solana’s decentralized exchange in PASTERNAK/USDT or LAUNCHCOIN/USDT trading pairs.
– The total issuance is 1 billion, almost all of which are in circulation, and there is no other lock-up arrangement except for the platform’s internal incentives.
– Core ecological applications include minting tools, staking mini-programs and community governance modules.
The combination of social media and blockchain is evolving rapidly, and the SocialFi project has also brought new ways for communities to interact, make money, and govern. Believe (formerly Clout) pioneered a unique way of playing: simply posting on social platforms can directly mint tokens. Its first native token, originally called PASTERNAK , has now been renamed LaunchCoin on Believe , which not only carries the popularity of community-driven assets, but also reflects the vision of technology entrepreneur Ben Pasternak. The following in-depth analysis of about 1,700 words will take you through the innovations of Believe and LaunchCoin - from token economics, to where to trade PASTERNAK/USDT or LAUNCHCOIN/USDT , to potential risks, competitive landscape, and how to participate, everything will be clear for you.
Table of contents
Believe platform ecology and core dApp applications
How to participate and get LAUNCHCOIN
LAUNCHCOIN’s competitive landscape
LaunchCoin Token Overview
Believe subverts the traditional coinage method with social interaction: as long as your X tweets meet the requirements, a batch of platform native tokens can be minted instantly. The first token PASTERNAK was released by Ben Pasternak in January 2025. In just a few hours, the market value exceeded 80 million US dollars, entirely relying on community enthusiasm and spontaneous dissemination.
Image Credit: Believe X/Twitter
Original name: PASTERNAK
Current abbreviation: LAUNCHCOIN (to keep in line with the “ LaunchCoin on Believe ” brand)
Contract Address
– Network: Solana
– Address: Ey59PH7Z4BFU4HjyKnyMdWt5GGN76KazTAwQihoUXRnk
Major trading pairs
– PASTERNAK/USDT (XT.com, CoinEx, Bitrue)
– LAUNCHCOIN/USDT (XT.com, Bitget, MEXC)
The dual trading pair naming is convenient for old users to identify and also allows new players to quickly find liquidity. Centralized exchanges usually classify them as innovation or emojis. Solana DEX (such as Raydium and Orca) can also exchange freely without permission.
XT.com LAUNCHCOIN/USDT spot trading pair
LaunchCoin Token Economic Model
A transparent and concise Tokenomics model is the key to winning long-term trust. Believe designed PASTERNAK / LAUNCHCOIN to be very intuitive:
Total supply: 1,000,000,000 tokens
Circulation: Approximately 999,870,000 pieces (approximately 99.99%)
Allocation ratio:
– Community Minting: About 80% (distributed through social posts and interactive activities)
- Founders and team: about 10% (unlocked linearly within 12 months)
– Platform incentives: about 10% (staking rewards, early users, and partner incentives)
Unlike most emoji coins, LAUNCHCOIN did not conduct a large-scale pre-sale, but was distributed spontaneously by the community. Early users only needed to connect to the Solana wallet and post a tweet with a tag on X to get PASTERNAK tokens . The founding team only kept a small amount of reserves and unlocked them monthly, which could align incentives without being overly concentrated.
Key supply dynamics focus:
– Burning mechanism: It has not been officially launched yet, but the community proposal suggests burning 1-2% of each transfer to maintain deflation.
– Unlocking rhythm: Tokens of founders and teams are released monthly, which can both incentivize contributions and avoid all-at-once selling.
– Liquidity lock-up: The initial liquidity pool on Raydium has been locked for 6 months, enhancing users’ trust in liquidity.
Believe (LaunchCoin) Ecosystem and Core dApp Applications
Believe is not just a coin minting tool - it is building a complete SocialFi ecosystem. Core applications include:
Token Minting Widget
– Function: Users can mint a fixed number of LaunchCoin on Believe tokens by posting tweets with specified tags on X.
– Experience: OAuth-style wallets connect quickly and you can receive tokens within minutes of posting.
Image Credit: Believe App FAQs
Pledge Mini Program
– Function: Pledge LAUNCHCOIN and share the transaction fee income generated by the platform.
– Rewards: Up to 8% APY, depending on community engagement metrics.
Governance Forum
– Function: Vote on proposals such as burn rate, cooperation integration, UI optimization, etc. based on token holding weight.
– Participation threshold: You need to hold > 0.1% of the total tokens to initiate or vote.
Marketplace dApp
– Functionality: Peer-to-peer trade or gift Believe minted NFT badges and tokens.
– Payment method: Only supports LAUNCHCOIN, forming an internal demand.
Developer SDK (coming soon)
– Plan: Pasternak revealed that the SDK will be released in Q3 2025 to help third-party developers integrate on-chain minting functions based on social signals.
The above dApps constitute a modular ecological chain: content → minting → staking → governance → trading, all driven by the native token launched by Ben Pasternak.
How to Participate Get LaunchCoin
Getting started with PASTERNAK/LAUNCHCOIN is very simple and can be done in just a few steps:
Connecting to Solana Wallet
Use Phantom , Solflare , or any Solana-compatible wallet.
Social posting coins
After authorizing your wallet on believe.app , post a tweet with the hashtag: @launchcoin $TICKER + your name.
Tokens will be automatically airdropped to your wallet (there is a daily limit on how much you can claim).
Buy on a centralized exchange
Register and complete the real-name authentication of XT.com (or CoinEx, Bitrue).
Deposit USDT and trade PASTERNAK/USDT or LAUNCHCOIN/USDT in the Innovation Zone.
Exchange on decentralized exchanges
Open Raydium or Orca, select the SOL/LAUNCHCOIN pool, and follow the prompts to redeem with low slippage.
Staking to earn income
Lock LAUNCHCOIN through Believes staking app and share the profits from the platforms fees.
Participate in governance
Holding more than 1 million tokens, you can initiate proposals or vote in the governance forum.
Whether you are a social influencer who is keen on minting coins by posting on social media, or a DeFi player chasing the popularity of memecoin, Believe provides you with multiple ways to easily obtain PASTERNAK tokens.
LaunchCoin’s competitive landscape
SocialFi and Emoji Coin are in fierce competition, with the main competitors being:
Believe’s unique advantages:
– Native social trigger: You can mint coins by posting directly on X, without any additional on-chain operations.
– Founder’s endorsement: Ben Pasternak’s personal brand naturally attracts traffic, and the community is more receptive.
– Modular SDK: After the SDK is launched in the future, it can attract thousands of developers to access the social coin minting logic.
– One-stop dApp: not only can it mint coins, but it can also pledge, govern, and trade NFTs, providing an all-in-one experience.
Among the many single-function emoji coins, Believe is more like a complete SocialFi suite, allowing social, DeFi, and governance to be seamlessly connected on the same platform.
Risks and precautions
Any emerging crypto project has risks. Friends who hold PASTERNAK / LaunchCoin on Believe tokens, please pay attention to the following points:
Regulatory uncertainty
If promoted on a large scale, socially triggered memecoins could become a target of securities regulations.
Wild price fluctuations
It once rose by more than 500% in one day, and it can fall just as fast. The position should be determined according to your risk tolerance.
Concentration Risk
Although the founding team and the platform do not have much in reserve, there is still a risk of abuse without transparent multi-signature governance.
The use case is still unclear
In addition to popularity and basic staking, the real application can only be tested after the third-party dApp is launched.
Smart Contract Vulnerabilities
As a newly issued SPL token, the underlying liquidity pools (Raydium, Orca) may face the risk of being attacked or running away.
Social coin minting leads to dilution
If the coin minting limit is not tightened in time, continuous posting and coin minting will dilute the profits of early holders.
Coping strategies:
- Test the waters with a small amount: only use a portion of your spare money to play, and do not invest heavily in high-risk projects.
- Diversified investment: a single emoji coin should not exceed 5% of the overall portfolio.
– Stay tuned: Participate in governance proposals and follow the voting progress on burn rate and supply cap.
– Confirm the lock-up: Before buying or selling, check whether the liquidity pool of CEX and DEX has locked the LP tokens to reduce the risk of being sold off or running away.
Future Outlook
The Believe ecosystem is at a critical inflection point, and the upcoming SDK is expected to enable token minting capabilities to explode in more social platforms and developer applications. Possible catalysts in the future include:
– Third-party dApps are launched: small games, reward applications or educational modules based on LaunchCoin on Believe have been launched.
– Cross-chain expansion: transplant the social minting logic to EVM, or realize multi-chain social circulation through cross-chain bridges.
– Burning/Bonding Mechanism: A community-approved periodic burning or bonding curve that stabilizes prices and creates deflationary pressure.
– Deep cooperation: Integrate with major DeFi protocols to allow PASTERNAK to be used for governance or staking.
- Retail popularization: Optimize UI/UX to allow non-encrypted users to easily post and mint coins.
If all these plans come to fruition, LaunchCoin is likely to grow from a simple emoji coin to the backbone of SocialFi’s innovation.
Frequently Asked Questions (FAQs)
Q1: What is the difference between PASTERNAK and LAUNCHCOIN on Believe?
PASTERNAK was the original token name, and it was changed to LAUNCHCOIN in May 2025 for a unified brand. The trading pair was also switched from PASTERNAK/USDT to LAUNCHCOIN/USDT , but your balance remains unchanged at 1:1.
Q2: Where can I trade PASTERNAK/USDT?
The main centralized exchanges include XT.com (Innovation Zone), CoinEx, and Bitrue; decentralized exchanges can be exchanged on Raydium (SOL/LAUNCHCOIN) or Orca.
Q3: How to mint new LaunchCoin on Believe tokens?
Connect your Solana wallet on believe.app and post a tweet with the specified hashtag on X. Tokens will be automatically airdropped to your wallet based on the daily limit.
Q4: Does PAST ERNAK token have a burning mechanism?
The burning fee has not been officially started yet. There are relevant proposals in the community, and it is possible to increase the transfer burning fee through governance voting in the future.
Q 5: How can I participate in governance?
As long as you hold at least 0.1% of the total (about 1 million tokens), you can initiate or vote on various proposals in Believes on-chain governance forum.
Q 6: Where can I learn more about Believe and the PASTERNAK project?
You can visit the official website believe.app to view documents and tutorials; you can also follow @cloutdotme on Twitter/X to get the latest updates, or join Believes Discord/Telegram group (link on the official website) to communicate with the team and community members.
Summarize
Believes social coin-minting model has opened a new chapter for SocialFi, ingeniously combining community interaction and token economics. The token, formerly known as Pasternak and now called LaunchCoin on Believe , not only demonstrates the popularity brought by the founder effect, but also exposes the challenges that need to be improved in practical scenarios.
For traders, PASTERNAK/USDT and LAUNCHCOIN/USDT trading pairs do bring certain speculative opportunities - but risk management is necessary; for developers, the upcoming SDK is expected to give birth to generations of SocialFi dApps; for innovators, Believe proves that a tweet can also become on-chain value.
Whether you want to mint your first batch of tokens, lock up your assets to earn returns, or participate in protocol governance, the Believe ecosystem invites you to grow with it. Perhaps it will become an iconic platform for Web3 social participation.
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