Meme Insider
Hey there, crypto enthusiasts! If you’ve ever felt burned by the wild ups and downs of Token Generation Events (TGEs), you’re not alone. The crypto world has long been plagued by lockups, manipulation, and those dreaded pump-and-dump cycles. But what if there was a better way? Enter Believe App, a platform shaking things up with a fresh take on launching tokens. Let’s dive into a recent tweet by Gap (@gaspardlezin) that breaks it all down and see why this could be a game-changer for meme tokens and beyond.
Why TGEs Often End in Disappointment
Gap’s tweet highlights why 90% of TGEs crash and burn shortly after launch. Here are the four culprits he calls out:
Airdrop Dumping: Ever heard of “farmers” using multiple wallets to snag free tokens, only to dump them the second they’re available? It’s a common tactic that floods the market and kills retention. Gap even shares his own experience: “I farmed for a year and I no longer use any of the chains or apps I farmed.”
VC Dumping: Venture capitalists (VCs) often sell off their tokens as soon as they’re unlocked, leaving retail investors holding the bag. This creates a trust issue, as early sellers spook the market.
CEX Dumping: Tokens often launch at inflated prices (5-10x the seed price), only for bots and scalpers to cash out fast, causing wild volatility in the first hours.
Memecoin Manipulation: Pump-and-dump schemes fueled by influencers and insider trading dominate memecoins, leaving 99% of buyers at a loss.
These issues have made many wary of TGEs, but Believe App is stepping in with a solution.
How Believe App Changes the Game
So, what’s Believe App doing differently? Gap’s tweet outlines a bold approach:
100% Unlocked Supply: Unlike traditional TGEs with locked tokens or vesting schedules, Believe unlocks 100% of the token supply at launch. No surprises, no cliffs—just full transparency.
FDV Equals Market Cap: The Fully Diluted Valuation (FDV) matches the market cap from day one, giving everyone a clear picture of the token’s worth.
Transparent Buying Mechanism: A Built-in Distribution Curve (BDC) ensures fair and predictable market support, ditching market-making tricks or artificial hype.
This vision, credited to founder Ben Pasternak, focuses on earning trust through execution rather than manipulation. The idea? Let the market decide based on a project’s real value, not hype cycles.
The $SUBY Success Story
To prove this works, Gap points to $SUBY, a project launched via Believe. Sure, there was some initial speculation (par for the course in crypto), but over time, long-term holders and builders stuck around. The key takeaway? Consistent execution beats fake pumps every time. If a project delivers, it attracts “believers” naturally.
Why This Matters for Meme Tokens
For meme token fans, this is huge. Memecoins often suffer from manipulation and lack of trust, but Believe’s model could level the playing field. By removing insider advantages and focusing on community-driven growth, projects can build a loyal base—perfect for the viral nature of meme tokens. Imagine a memecoin that grows based on genuine belief rather than a quick cash grab!
What’s Next?
The crypto community is buzzing about Believe’s approach, with projects like Fitted hinting at big plans for July. If you’re a blockchain practitioner or just love diving into meme token trends, keep an eye on Believe Capital for updates on upcoming launches. This could be the start of a healthier, fairer era for crypto.
So, what do you think? Are you ready to believe in a new way to launch tokens? Drop your thoughts in the comments, and let’s chat about how this could shape the future of meme tokens on meme-insider.com!