Believe Platform's Breakthrough: Embrace First Mover Advantage, Buy Low in Value Dip

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Anyway, investing is all about buying low and selling high.

Original Title: The Breakout of the Believe Platform: Mastering First Principles, Buying Low in Value Dips

Original Author: yuyue, Crypto KOL

On 4/29, I made my first call on @believeapp's platform token exactly half a month ago. Some friends are still not optimistic about Launchcoin because of clout, and those who do not understand can carefully read my four tweets, in which I fully laid out the logic. Other fragmented thoughts have also been tweeted and mentioned in live broadcasts. This is the full path of discovering a value dip.

【4/29】First and foremost, the most important question, why did Clout's pivot not affect my judgment of Launchcoin, i.e., @believeapp's platform?

In my 4/29 tweet, I mentioned that the reason I wanted to buy PASTERNAK (Launchcoin before the full rebrand) again was:

"Today's two small dogs $DUPE $SUPERFRIEND both launched on @believeapp's platform, this new meme launchpad that was formerly clout me, incubated and supported by @alliancedao. Today, the combined market value of these two pups is 10M, while the platform token itself reached a high of 80M, and now the platform token is only 5M." Yes, from day 1, I clearly told you that its predecessor was clout. And the logic of buying again is because the community member @0xEdwin999 discovered the rebranded $LAUNCHCOIN, which clearly looks like the platform token, just didn't specify the empowerment. When two new pups can easily reach 10M each, and the platform token is only 6M, isn't this the best buying opportunity? There is a clear value mismatch, this is a value dip.

Link to 4/29 tweet: https://x.com/yuyue_chris/status/1917061019802997068

【5/4】The second time, why continue to buy Launchcoin? To a large extent, it is because the meme launched on boop was rugged

The core logic is this middle section 100 1Ms are much easier than 1 100M—no need for a Dragon to「think about it, we buy tokens on letsbonk and boop, basically all related to 「this and bonkguy are closely related」」「「this and dingaling interact」」, and the degree of centralization is difficult to break away from in a short period of time, instead, it will shackle the platform's ceiling, the initial traffic is both good and bad... this is completely different from the current strategy of new platforms on the market... If @pasternak can bring in a savvy and influential AI founder, he is equivalent to discovering a new generation's DK (Luna founder), perhaps only this kind of decentralized traffic can unlock the platform's token ceiling. "Platform tokens are fed back by revenue and pup income, rather than platform tokens creating the ceiling for tokens on the platform."

A Launchpad, in the end, is used to launch projects and needs revenue to effectively support the platform's logic. People think pumpfun is awesome not because pumpfun launched a coin, but because they standardized the unit of account, causing all Golden Dogs to originate from their platform.

At that time, I also knew that this approach was a slow cook, not necessarily fully validated by the market, but a true one-tier investment philosophy that directly purchased their platform token with only a 6M FDV. Compared to other launchpads, especially the just-out-of-the-gate 500M boop, the 6M undoubtedly has nearly a hundredfold upside. There is a clear benchmark value; this is a value oasis.

Since then, Launchcoin had once retraced to 2M.

5/4 Tweet Link: https://x.com/yuyue_chris/status/1918821240028205271

【5/12】Internet Capital Market, the emerging new narrative led by the Solana core circle and Western circle

At this point, from the perspective of the platform token, what I am still most concerned about is '$DUPE exceeding 20M+'. So I once again emphasized his platform revenue logic: 'This target is very cost-effective because it is currently valued at only 6M FDV – a Launchpad that has already gained traction in the crypto community and is incubated and supported by alliance dao @alliancedao, with the founder capable of bringing high-quality AI founder resources into it'

While writing the post, I also discovered that key Solana figure @rajgokal, one of Solana's co-founders, Solana Labs COO, and the version god @himgajria amid the AI trend, were discussing the concept of the Internet Capital Market. BTC had returned to $100k, but the market was lifeless, with meme coins undergoing meaningless and fundamentally baseless pumps. Undoubtedly, this market needs a new narrative, a new concept, and new terminology. At that time, I realized that this new term and concept might be the emerging new narrative led by the Solana core circle and Western circle, exploring decentralized fundraising and on-chain real equity and real asset offerings. It bore similarities to the RWA I have mentioned in recent months and the previous pinned article 'Enabling Fair Opportunity On-Chain: The Narrative Shift, Power Shift, Positive Industry Transformation Brought by AI Agents, and Insights into Primary Market Investment.' That's why I even told Lizhuang that I added another investment when I broke through 20M. At that time, Launchcoin was at 22M, and with the Internet Capital Market concept just surfacing, this was still a value oasis.

5/12 Tweet Link https://x.com/yuyue_chris/status/1921673165056708707

【5/13】 When a new narrative emerges, be a believer first, the crypto world needs dreamers

“This new platform @believeapp is the decentralized YC incubator, the ai16z of this version”

“@pasternak's previous product clout had a bad user experience, leading to bias against believe, but the founder, without needing to be accountable for the old coin in a new platform coin scenario, continued to pivot and explore new directions while still being able to exchange the old coin for a new coin. This shows they are not the type to run after just one pump.” While biased against Launchcoin, let's not forget that Virtual @virtuals_io also transitioned from pathdao, a blockchain gaming guild, to its current AI Agent Launchpad leader position. The market should advise those who persevere, not those who continuously launch new projects after the old ones rug. In Virtual's early days, I also had contact with @everythingempt0, but missed out due to a twist of fate. Before the AI boom, no one thought that an initial FDV of 15M could reach 2B today.

When a new narrative emerges, be a believer first, the crypto world needs dreamers. The current surge is more based on optimism about the overall market trend and optimism about the new narrative and emotions. Of course, you can also say I'm blind fomoing, but I already have a cost advantage of several tens of times. Sharing logic and project updates is key, but the decision to buy is in your own hands. When the price was less than 100M at the time, whether it was a value trap, this judgment requires imagination.

5/13 Tweet Link: https://x.com/yuyue_chris/status/1922197239168172544

I have also mentioned my thoughts on what the @believeapp platform, the new platform needs, and other related ideas in tweets these days. When the full path of Launchcoin's eruption has clear signals and logic, the new narrative created is a kind of masterstroke. Because even though I don't know @alliancedao and the EU and US core circles, I can still trace clues at the bottom to capture a hundredfold, grasp the first principles of assets and revenue logic, and buy in at the value trap.

Anyway, investing is all about buying low and selling high.