I bought more Launchcoin.
Thesis:
- ICM trend will be massive. The solana foundation and its members are pushing this narrative and will continue to spotlight projects that do it well.
- Traders will want to capitalize on this trend but will be too lazy/scared to "pick winners" so they will simply bid the ecosystem coin in hopes to capture some of the move
- I think the Believe team is going to ship a good flywheel
- Believe is going to fix a bunch of the issues that plague the launchpad (low customizability for launches being one of the main pain points) because I told spoke with some of the team and told them everything they need to improve and they confirmed that they will impliement fixes
- They hired @edchucation to reach more founders in the bay area and have them launch on Believe.
- No other launchpad is competing with Believe in a meaningful way yet. A few are trying but the main moat @believeapp has is their ability to onboard founders through the clout that @pasternak and @nikitabier have. $DUPE launched on Believe because they saw it through Nikita interacting with Believe on twitter.
- The messaging of Believe has been immaculate. Pumpfun, Raydium Launchlabs, BonkFun, etc are all mixed launchpads, mostly known for memes. Traders and builders alike look at these launchpads, and they dont scream "ICM". Believe does. Believe is a platform entirely geared and marketed around this message and it shows in the conversations people have about it on X.
- The prospect of instantly liquid and tradeable coins that receive buy pressure from real world business activity is incredibly fun and attractive for traders to speculate on. I want to be able to buy a coin of a startup that I think will do well, and then if I am correct, my bags go up. That is possible with more lax regulations now.
Internet capital markets are here to stay
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