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Launch Coin on Believe (LAUNCHCOIN), the token associated with the Web3-based SocialFi platform Believe, surged by an impressive 500% today, reflecting significant ecosystem growth.

LAUNCHCOIN Hits Record High Amid Increased Market Activity

Previously known as PASTERNAK, named after Believe’s founder Ben Pasternak, LAUNCHCOIN achieved an all-time high of $0.093 during afternoon trading hours on May 13 (Asian market time). Its market capitalization exceeded $81 million as of the latest data.

The surge was driven by a remarkable spike in trading volume. According to market data, daily trading activity increased by over 500% compared to the previous day, indicating heightened interest in the token.

Community Expectations and Ecosystem Developments

The Believe community anticipates that LAUNCHCOIN will soon be designated as the official native token of the platform, although no formal announcement has been made. Since its rebrand from PASTERNAK to Launch Coin on Believe on May 2, the token’s value has frequently risen in response to ecosystem updates and platform-related news.

Much of today’s rally was fueled by community excitement after developer Alex Leiman, known for creating viral apps like RizzGPT and Astra, launched a new token named NOODLE using the Believe platform. This token powers a crypto-based game also called Noodle, which combines classic “snake” gameplay with Web3 mechanics. Players earn tokens by defeating others in the game, blending entertainment with blockchain technology.

Updates from Believe’s Founder

Adding to the momentum, Ben Pasternak teased upcoming updates to the Believe ecosystem, sparking fresh investor interest. On May 9, Pasternak announced plans to roll out tools to help developers enhance their tokens. This includes a software development kit (SDK) that allows tokens created on the platform to integrate seamlessly into external products.

“This is just the beginning.” — Ben Pasternak

In addition, Believe has been expanding its team to attract more builders and founders, a move aimed at bolstering its ecosystem and driving further growth.

What is Launch Coin on Believe?

Launch Coin on Believe is the native token of Believe, a Web3 SocialFi platform designed to revolutionize fundraising and project launches. By leveraging decentralized technology, Believe empowers users to create and launch tokens through social interactions on X (formerly Twitter). This approach offers a community-driven alternative to traditional venture capital.

Users can generate new tokens by posting project details on X and replying to the tweet with “@launchacoin” followed by the desired token ticker and name. The platform then automatically creates the token, which undergoes testing before becoming tradable on supported decentralized platforms.

From PASTERNAK to LAUNCHCOIN

LAUNCHCOIN’s origins trace back to PASTERNAK, a memecoin created by Ben Pasternak under the platform’s former name, Clout. PASTERNAK was the first token to complete a pre-sale on the platform, achieving an $80 million market cap on its launch day, January 24, 2025.

Since rebranding to Believe earlier this year, the platform has fully embraced its pivot into the Web3 space, offering innovative tools and features to its growing user base.

Disclaimer: This article is for educational purposes only and does not constitute financial or investment advice. Always conduct thorough research before making investment decisions.

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