Betting on $LAUNCHCOIN. Will hold for mid to long term
The reason is simple, 44M market cap with more than 31M cumulative platform revenue
The bet is simply on whether @pasternak will keep his words and implement a buyback along with a proper flywheel mechanism.
Bought another 0.1% #launchcoin today.
Total position size 1.1% ($745K)
The thesis is simple:
For #launchcoin and @pasternak to be successful they need two things.
1. Top-tier companies consistently launching via Believe
2. Flywheel effect
Ben has clearly been working hard on number 1, with the launch quality improving week after week - whether it's startups like $ORGO, which went $10M+ in 24 hours, or established companies like $VIVA, a billion dollar entity with revenue over $100M in 2024.
I have no doubt that this will continue. It is clear this is where Ben is putting most of his attention and the results are already beginning to pay off.
This week (Monday-Friday) Believe revenue figures were ~750k. That's a 3x increase over the previous week.
Those complaining on CT are too focused on price and becoming impatient, rather than paying attention to Believe's revenue.
Regarding #2, @pasternak has stated he is in the "final innings" of the process. The flywheel is a when, not an if. Unfortunately the majority of Solana holders lack the patience to wait. Instead they will fomo back in on the announcement.
@believeapp has generated over $40M in revenue in 75 days
$195M annualized.
30.07K
7
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.