#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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With the Launchcoin ecosystem warming up, what other potential projects worth following does Believe have?
Since May, $Launchcoin has nearly exploded with a 300-fold rise, and the ICM (Internet Capital Market) concept it represents has swept through major on-chain communities, becoming a new direction for market funds to pursue. However, traders quickly realized that many of the large-cap leader tokens ($goonc, $startup) are narrative-driven projects lacking real product support, which is contrary to the original intention of the believe platform.
Moreover, with the frequent occurrences of project deletions, founders going missing, and other events, the market has raised doubts about the sustainability of the platform ecosystem represented by $Launchcoin. Subsequently, some high-quality projects have gradually emerged with clear product logic and stable operational rhythm as the coin price has warmed up, not only regaining the trust of the community but also boosting the sentiment around the platform coin $Launchcoin, causing its market capitalization to break through 200 million dollars again.
Therefore, deeply exploring the projects in the Believe ecosystem that truly possess growth potential has become the key path to finding Alpha. This article will focus on five major potential projects and provide analysis and summary.
Kled: On-Chain Intermediary for AI Data
Kled is an AI data trading platform that serves as an intermediary between AI developers and data copyright holders by providing video, audio, text, and other data. The project was financed with $2 million by K5 Capital, which has previously invested in Uber and Xai. The founder, Avi Patel, dropped out of the University of Illinois in the United States and has participated in multiple startups, founding Nitrility (a music copyright platform) in 2023 and Kled in 2024.
In the early days, the price of $Kled once dropped to zero due to issues with the contract deployment, causing panic in the market. However, the clarification from the platform's founder Ben and the Dev's continuous push for product updates reignited hope in the community, raising the market capitalization to 10m and landing on moonshot.
On June 9, Kled V2 announced the next large enterprise contract for Kled Pages, collaborating with platforms such as YouTube, Twitch, and Google Classroom, and jointly hosting a hackathon with Stanford and the University of California, Berkeley, which is expected to bring more To B income to the platform and achieve scale effects. This news ignited the community's FOMO sentiment, with $Kled reaching an all-time high, becoming the leader project of the current believe platform, with a market capitalization approaching 40 million dollars.
The token mechanism design of $Kled also has the potential for ecological flywheel: through transaction taxes for regular buybacks and burns, over 8% of circulating tokens have been destroyed, achieving deflationary expectations and price support.
Polycule: Polymarket's tg trading bot
Polymarket became popular for successfully predicting the results of the 2024 US presidential election by disrupting traditional polling, and the platform's popularity and trading volume experienced explosive growth after the election. However, Polymarket still faces regulatory scrutiny and investigations in the US, and it has banned US users from accessing the platform.
Polymarket monthly trading volume, data source: Dune Analytics
Polycule is a one-click access Telegram trading bot for Polymarket that can bypass domain restrictions to enable one-click trading through chat commands, addressing a key usability pain point for Polymarket in the United States, and has received an investment of 560,000 USD from alliancedao.
Related Reading: "AllianceDAO Investment, Token Market Capitalization Breaks 10 M, Polycule Made a TG Bot for Polymarket"
The Polycule platform received official endorsement from Polymarket, leading to the first round of price rise for the coin. Polymarket CEO Shayne took notice of the project’s official Twitter account. When a user asked if they could place bets on Polymarket through tg, Polymarket officially recognized the Polycule platform.
On June 6, X officially announced a partnership with Polymarket, becoming the official prediction market partner of X. X will provide data-driven insights to Polymarket, while the predictive results from Polymarket will be fed back to the X platform. This collaboration will combine real-time interpretations from Grok and related X posts to achieve explainable predictive data streams. This partnership has propelled the price of $Pcule to a historic high.
The Polycule platform charges a transaction fee of 0.01% - 0.05%, of which 30% is used to buy back and burn Tokens. The platform is expected to continue expanding its user base and drive up the coin price with this wave of enthusiasm.
Knet: An AI Game Development Platform Backed by a Listed Company
Knet is an AI-based natural language development platform for game developers and is a representative project in the AI+Gaming narrative within Web3. Unlike most on-chain AI projects, Knet is supported by a publicly listed company in the A-share market — Kaiying Network (SZ.002517), which is expected to achieve revenue exceeding 5.1 billion yuan in 2024, has a robust cash flow, and is rich in industry resources.
Knet has currently established a partnership with Alibaba Cloud, which provides GPU computing resources and cloud servers, and has reached an AI model collaboration with ARAI and Swarms, invested by Sequoia Capital, possessing inherent advantages in technical resources and industry relationships. On June 13, the official interaction between Alibaba Cloud and Knet on X further triggered market FOMO, and the coin price reached a new phase high. As a project with a complete business chain and strong resource backing, Knet is becoming a typical paradigm of "traditional enterprises + AI + on-chain mechanisms."
Jatevo: A Decentralized Inference Platform for Open Source LLM Models
JATEVO is an AI platform focused on high-performance large language model (LLM) inference, providing multi-model AI inference services such as DeepSeek R1/V3, Llama 4 series, and access to and rental of GPU computing resources, aiming to build AI infrastructure globally. Currently, the platform has partnered with LandingCraft.id to provide digital solutions for small and medium-sized enterprises and has established strategic cooperation with hardware providers. Its Token $JVTO market capitalization skyrocketed from 100k to 7m within a week, with a rise of up to 70 times.
Users can pay for services such as AI model calls and GPU rentals through $JVTO. In addition, the project plans to introduce a collateral mechanism in the future, allowing users to obtain fee reductions and governance voting rights by staking tokens, further binding long-term users to the value of the tokens.
Fitted: Exploring the Fusion of AI Fashion and On-Chain Trading
Fitted is an AI smart dressing and trading platform where users can upload pictures of their clothes, use AI to match outfits, sell second-hand clothing, and share styles with friends, aiming to create an AI wardrobe assistant.
According to the disclosure from the project team, as of now, the Fitted App has been downloaded over 300,000 times, with a total of over 1.2 million clothing items uploaded, and the total views of related content on social platforms have surpassed 300 million. The user profile has gradually expanded from a focus on female users in the early stages to a broader audience of fashion enthusiasts, especially with the rise of AI tool-based products, resulting in a significant increase in male users.
Fitted platform has reached cooperation with several companies in the industry. On June 4th, it was officially announced that a collaboration with the established film company Paramount has been reached, launching a series of co-branded activities around the 30th anniversary of the release of "Clueless," introducing the concept of "virtual wardrobe" into popular culture for the first time. In addition, the platform has partnered with brands such as Nike and The North Face.
Currently, Fitted's platform Token $Fitcoin can be used for payment of AI outfit recommendation services and settling second-hand transactions within the platform. In the future, it will also take on platform governance functions, including voting on outfit activity themes and decisions on IP collaborations. At the same time, the platform has a buyback deflation mechanism, using part of the platform's revenue for regular buybacks and token burns. In addition, Fitted is building an on-chain points system and user ranking system, where users can accumulate points through uploading clothing, participating in interactions, voting, and other actions, which can be exchanged for $FITCOIN or exclusive items within the platform, gradually forming a complete closed loop from 'usage - incentive - consumption' to achieve the flywheel effect on coin price.
"ICM" poised for takeoff
On June 13, Ben, the founder of the Believe platform, launched a brand new anti-sniping mechanism aimed at addressing the long-standing criticism from the community regarding the project being sniped immediately after launch. This mechanism sets a relatively high transaction tax during the early stage of the launch, hoping to effectively suppress the situation where a large amount of chips are quickly seized by short-term funds, and encourages participants who are genuinely willing to hold long-term and support the project's development. Ben stated that any project requires continuous polishing and building, and more updates will be released in the coming weeks.
The narrative of ICM (Internet Capital Market) has always been the core narrative promoted by Solona. Since its establishment, the Believe platform has connected with thousands of entrepreneurs, proving its effectiveness through practice. Developers can obtain project operating funds by issuing coins, while on-chain users can break out of the PVP model and invest in projects that are genuinely willing to build in the long term. This positive cycle is attracting more and more excellent Web2 entrepreneurs to join the ecosystem, and the Believe platform also contains more alpha opportunities.