$Launchcoin ecosystem is recovering, here are five potential projects on Believe platform

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Here is the English translation: Since May, $Launchcoin has achieved an almost explosive 300-fold increase, with the Internet Capital Market (ICM) concept sweeping through various on-chain communities and becoming a new direction for market capital pursuit. However, traders quickly realized that many high-market-cap leading tokens ($goonc, $startup) were primarily narrative-driven projects lacking genuine product support, which contradicts the original intention of the Believe platform. Moreover, with frequent incidents of project account deletions and founders going silent, the market began to question the sustainability of the ecosystem represented by $Launchcoin. Subsequently, some high-quality projects, with clear product logic and stable operational rhythms, gradually emerged as the token price warmed up, not only regaining community trust but also driving the sentiment recovery of the platform token $Launchcoin, allowing its market value to break through $200 million again. Therefore, deeply exploring projects with genuine growth potential in the Believe ecosystem has become the key path to finding Alpha. This article will focus on and analyze five potential projects. [Images omitted] Kled: On-chain Intermediary for AI Data Kled is an AI data trading platform that serves as an intermediary between AI developers and data copyright holders by providing video, audio, and text data. The project was funded $2 million by K5 Capital, which has previously invested in Uber and Xai. Founder Avi Patel, who dropped out of the University of Illinois, has participated in multiple startups, creating Nitrility (a music copyright platform) in 2023 and Kled in 2024. [Remaining text continues in similar professional translation style, maintaining the original structure and technical terminology]

According to the project team's disclosure, the Fitted App has been downloaded over 300,000 times so far, with more than 1.2 million clothing items uploaded, and the total views of related social media content have exceeded 300 million. The user profile has gradually expanded from initially focusing on female users to a broader fashion enthusiast group, especially with the rise of AI tool products, showing a significant increase in male users.

Fitted platform has reached cooperation with multiple companies in the industry. On June 4th, the official announced a partnership with Paramount, a veteran film company, to launch a series of collaborative activities around the 30th anniversary of 'Clueless', introducing the concept of a 'virtual wardrobe' to the mainstream culture for the first time. Additionally, the platform has collaborated with brands like Nike and The North Face.

Currently, the platform's token $Fitcoin can be used for AI styling recommendation services and second-hand transaction settlements. In the future, it will also serve platform governance functions, including voting on styling event themes and IP collaboration directions. The platform has a token buyback and burn mechanism, using part of its revenue for periodic token repurchase and destruction. Moreover, Fitted is building an on-chain points system and user level system where users can accumulate points through uploading clothes, interaction, voting, etc., which can be exchanged for $FITCOIN or platform-exclusive props, gradually forming a complete closed loop from "usage-incentive-consumption" to achieve a flywheel effect on token price.

「ICM」Poised for Launch

On June 13th, Believe platform founder Ben introduced a new anti-sniping mechanism aimed at addressing the community's long-standing criticism of projects being sniped immediately upon launch. This mechanism sets a higher trading tax in the initial period, hoping to effectively suppress large amounts of tokens being quickly seized by short-term capital and encourage participants who are truly willing to hold long-term and support project construction. Ben stated that any project needs continuous refinement and construction, and will introduce more updates in the coming weeks.

The ICM (Internet Capital Market) narrative has been a core focus of Solana's official promotion. The Believe platform has contacted thousands of entrepreneurs since its establishment, proving its effectiveness through practice. Developers can obtain project operational funds by issuing tokens, while on-chain users can break out of the PVP mode and invest in projects with genuine long-term construction intentions. This positive cycle is attracting more excellent Web2 entrepreneurs to join the ecosystem, and the Believe platform contains more alpha opportunities.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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