What Is BELIEVE (BELIEVE)? Guide to Trading BELIEVE on Phemex

Summary Box (Quick Facts)

Ticker Symbol: BELIEVE
Chain: Solana
Contract Address: BLVxek8YMXUQhcKmMvrFTrzh5FXg8ec88Crp6otEaCMf
Circulating Supply: 1,333,333,284
Total Supply: 1,333,333,284
Primary Use Case: Memecoin Launchpad
Current Market Cap: $56,652,879
Availability on Phemex: Yes (Spot)

What Is BELIEVE?

BELIEVE is a decentralized, Solana-based platform for launching memecoins and other crypto projects. What is BELIEVE? It is a launchpad that allows anyone to create a cryptocurrency token with a simple reply on X (formerly Twitter). This innovative "tweet-to-launch" mechanism significantly lowers the barrier to entry for token creation. The project first gained traction under the name Clout, and its native token has undergone several rebrands, from PASTERNAK to LAUNCHCOIN, and now to BELIEVE.

The platform was founded by Australian entrepreneur Ben Pasternak to democratize token creation and empower creators. However, the project's history includes significant controversy. On October 15, 2025, the team announced a 1:1 migration from the LAUNCHCOIN token to the rebranded BELIEVE token. Following this, the original LAUNCHCOIN was deliberately wound down, crashing nearly 100% on October 29, 2025, and erasing over $80 million in market value. This event led to total losses for liquidity providers and the 15% of holders who did not migrate, sparking widespread accusations of a rug pull.

How Many BELIEVE Are There?

The token supply of BELIEVE is designed to be straightforward. The circulating and total supply are both approximately 1.333 billion tokens. The project's documentation does not specify any complex inflationary or deflationary mechanisms, such as burning or minting. This fixed supply is a key feature of the BELIEVE tokenomics.

What Does BELIEVE Do?

The BELIEVE token is integral to the Believe platform's ecosystem. Its primary use case is to power the memecoin launchpad. The platform charges a small fee on trades, which is split 50/50 with the token's creator, providing a direct financial incentive for creators to launch and promote their tokens.

The new tokenomics for BELIEVE were intended to support a fee-based buyback mechanism, with liquidity redirected from LAUNCHCOIN to support the new token. Tokens created on Believe start on a bonding curve, and once a token reaches a market capitalization of $100,000, it "graduates" to Meteora, a Solana liquidity protocol, for deeper trading liquidity.

BELIEVE vs. Dupe

A comparison with another Solana-based project, Dupe, highlights the different approaches to building within the ecosystem.

Feature	BELIEVE	Dupe
Technology	A token on the Solana blockchain, focused on a social-media-integrated launchpad.	A token on the Solana blockchain, powering a viral e-commerce shopping tool.
Use Case	Utility token for a "tweet-to-launch" memecoin platform with a fee-based buyback model.	Powers a shopping hack that finds similar products online, creating a "generative marketplace" for brands.
Project Focus	Democratizing token creation and creator monetization.	Enhancing the online shopping experience by providing more choices and saving users money.
Decentralization	More centralized, with a single founder and development team leading the project.	Community and ecosystem-focused, though details on its governance structure are typical for such projects.

The Technology Behind BELIEVE

BELIEVE is built on the Solana blockchain, leveraging its high-performance infrastructure to enable fast and low-cost token launches. The platform's key technological innovation is its "tweet-to-launch" mechanism, which automates the token deployment process through social media interaction.

The use of a bonding curve for initial token sales is another important technical feature. This allows for a dynamic price discovery phase and helps to deter bots. Once a project gains traction, it is moved to a traditional Automated Market Maker (AMM) on Meteora for increased liquidity.

Team & Origins

The Believe platform was founded by Ben Pasternak, a young Australian tech entrepreneur. The project has gone through several iterations, starting as Clout, a Web3 SocialFi platform. The associated token was initially named PASTERNAK, then rebranded to LAUNCHCOIN, and finally to BELIEVE.

Founder Ben Pasternak defended the migration and subsequent LAUNCHCOIN crash as a transparent and necessary evolution for the project's long-term growth. However, this view is contested by many in the community, especially given on-chain data showing heavy token dumps by top wallets before the migration snapshot, fueling the rug pull accusations.

Key News & Events

April 2025: Believe, formerly Clout, is launched, introducing its "tweet-to-launch" feature.
Early May 2025: The platform's token, PASTERNAK, is rebranded to LAUNCHCOIN.
Mid-May 2025: The platform experiences a massive surge in popularity, with over 4,000 new tokens being launched daily.
May 22, 2025: The "tweet-to-launch" feature is temporarily suspended due to a surge in spam tokens.
October 15, 2025: The team announces a 1:1 migration from LAUNCHCOIN to the new, rebranded BELIEVE token.
October 29, 2025: The planned wind-down of LAUNCHCOIN is executed. The token's value crashes nearly 100%, wiping out over $80 million in market value and causing total losses for remaining holders and liquidity providers. This event leads to widespread accusations of a rug pull.

For the latest news about BELIEVE, be sure to follow official announcements from the project and reputable crypto news sources.

Is BELIEVE a Good Investment?

Disclaimer: This is not financial advice. Cryptocurrency trading involves risks; only invest what you can afford to lose.

The investment potential of BELIEVE is highly speculative and fraught with risk. On one hand, the platform's innovative approach to token creation and its past viral success have generated significant attention. The project has a community and a use case within the memecoin and creator economy niches.

However, the controversial migration from LAUNCHCOIN to BELIEVE, which resulted in an $80 million market value collapse and accusations of being a rug pull, has severely damaged the project's reputation. The heavy pre-snapshot token dumps by insiders suggest a lack of faith from those closest to the project. Any potential investor must weigh the platform's novel technology against the significant trust and credibility issues stemming from its recent history. The risks, including regulatory scrutiny and extreme volatility, are exceptionally high.

How to Buy BELIEVE on Phemex?

For those interested in the BELIEVE price and looking to trade BELIEVE, Phemex offers a secure and user-friendly platform. To learn how to buy BELIEVE, please refer to the official Phemex guide on "How to Buy Crypto."

FAQs

What is the main BELIEVE use case?
The primary use case for the BELIEVE token is to power the Believe launchpad platform, enabling users to create and launch their own cryptocurrencies through social media.
Where can I find news about BELIEVE?
Stay updated on the latest news about BELIEVE by following the project's official channels and keeping an eye on major crypto news outlets.
How can I trade BELIEVE?
You can trade BELIEVE on Phemex, a secure and reliable cryptocurrency exchange. Explore the Phemex Academy to learn more about crypto trading.

Trade BELIEVE on Phemex Today!