A brief analysis of the operational model of the @believeapp platform The projects officially supported by the Believe launchpad have certain characteristics. They gather a group of people with products from web2, especially new founders from the North American AI circle who don't have much influence in crypto, providing them resources to issue tokens and generate revenue in web3. This approach seems a bit untimely because if they had implemented this idea during the AI wave at the end of last year, it might have fomo-ed to the sky by now. The difference from the hype at that time is: 1️⃣ Real-name AI founders entering Web3 fundraising stories - The AI founders supported by @pasternak have undergone some due diligence, and during product release and token launch, they appear in person + real-name. - The product form is determined, and the token is fixed CA, but the tokenomics are not clear. - The format of video content is somewhat similar... Unlike the anonymous hype + pure speculation of high-star GitHub projects at that time, from the real-name + fixed CA situation of these founders, it can be determined that their products are strongly associated with tokens. At least, this time what we buy might be real AI. Group member @zk7hao also said: "Web2 quality founders coming in to issue tokens may not be a bad thing, it can actually bring some incremental assets and dev." 2️⃣ 100 of 1M is much easier than 1 of 100M—no need for a dragon one Let's assume the KPI for a new launchpad is 100M. For a launchpad, especially a new one, creating 100 coins that have historically reached 1M is much easier than incubating one 100M coin. From $DUPE $SUPERFRIEND, it's clear that the founders have good web2 resources and some involvement in project guidance. After all, not every AI project can successfully profit and list on Nasdaq. Fundraising in web2 is far less easy than in web3, and by continuously introducing North American AI projects, these young founders can easily raise funds. So why does the market buy into this? As mentioned above, the tokenomics are not clear, and the founders themselves may not know what the coin can do. The answer is—the existing web3 AI is too bad... Assuming the market is still willing to pay for technology, then although Believe is not operating, it can bring in 100 real AI with good backgrounds, product innovation, and value, and can easily achieve the KPI of launching 100 tokens that have at least reached 1M. Another very noteworthy point. Think about it, the tokens we buy on letsbonk and boop are basically related to "this is strongly associated with bonkguy" "this interacts with dingaling", and the degree of centralization is difficult to break away from in a short time, which instead limits the platform's upper limit, initial traffic is both good and bad. ——However, $DUPE $SUPERFRIEND being bought by the market has strong independence from the platform, possibly because it was bought calmly, possibly because it was bought underwater, possibly because the dev background is good, but mostly not because it was bought because of @believeapp, which is completely different from the current new launchpad's approach. This market-approved independence means that if @pasternak can bring in an AI founder who can operate and manage, then he is essentially discovering the talent of a new era DK (Luna founder), and perhaps only this kind of decentralized traffic can open the ceiling of tokens on the platform. "Platform tokens are supported by revenue and gold dog income, rather than platform tokens creating the ceiling of tokens on the platform." 3️⃣ The current advantage of the platform token: cheap Regardless of whether it can succeed, the platform token itself is actually supported by the gold dog above it, and currently has two advantages: - Cheap, no doubt about it - CA has been determined, but no platform token-related benefits have been released yet, including buybacks, dividends, etc. From an investment perspective, this is a: - Currently FDV only 6M - Already has influence in the crypto circle - Incubated and supported by alliance dao @alliancedao - Launchpad where founders can bring AI founder resources The risk lies in the platform token buyback expectations not being as good as expected. In summary, I believe this approach objectively has a higher ceiling, and this ceiling may be undervalued compared to the current price, and there are also subsequent expectations not yet released, DYOR.