Launchcoin ecosystem is warming up, which projects in the Believe ecosystem are worth following?

Author: kkk, BlockBeats

Since May, $Launchcoin has nearly exploded with a 300-fold increase, and the ICM (Internet Capital Market) concept it represents has swept through major on-chain communities, becoming a new direction for market funds to chase. However, traders quickly realized that high market cap leading tokens (such as $goonc and $startup) are mostly narrative-driven projects, lacking real product support, which goes against the original intention behind the establishment of the believe platform.

As incidents such as the deletion of some projects and the disappearance of founders occur frequently, the market has begun to question the sustainability of the platform ecosystem represented by $Launchcoin. Subsequently, some high-quality projects have gradually emerged due to their clear product logic and stable operational rhythm as the coin price warms up, not only regaining the trust of the community but also boosting the sentiment of the platform coin $Launchcoin, causing its market value to surpass 200 million USD again.

Therefore, deeply exploring the projects within 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 summaries.

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 funded with 2 million dollars by K5 Capital, which has previously invested in Uber and Xai. The founder, Avi Patel, who dropped out of the University of Illinois in the United States, has participated in multiple startups and founded Nitrility (a music copyright platform) in 2023 and Kled in 2024.

In the early days, the price of $Kled once plummeted to zero due to issues with contract deployment, causing panic in the market. However, the clarification from the platform's founder Ben and the continuous push for product updates by the Dev team reignited hope in the community, raising the market cap to 10m and landing on moonshot.

On June 9, Kled V2 announced the next major enterprise contract for Kled Pages, collaborating with platforms such as YouTube, Twitch, and Google Classroom, and co-hosting a hackathon with Stanford x UC Berkeley, which is expected to bring more B2B revenue to the platform and achieve scale effects. This news ignited the community's FOMO sentiment, with $Kled hitting an all-time high, becoming the top project on the current Believe platform, with a market cap nearing forty million dollars.

The token mechanism design of $Kled also has the potential for an ecological flywheel: regular buybacks and burns through transaction taxes have cumulatively destroyed over 8% of the circulating tokens, achieving deflationary expectations and price support.

Polycule: Polymarket's tg trading bot

Polymarket gained popularity for successfully predicting the results of the 2024 U.S. presidential election, disrupting traditional polling methods, and the platform saw a surge in activity and trading volume after the election. However, Polymarket still faces regulatory scrutiny and investigations in the U.S. and has banned American 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 bypasses domain restrictions to enable one-click trading via chat commands. It addresses a key usage pain point faced by Polymarket in the U.S. and has received a $560,000 investment from alliancedao.

The Polycule platform received official endorsement from Polymarket, which drove the first round of price increases. Polymarket CEO Shayne took notice of the project's official Twitter account. When a user asked whether they could place bets on Polymarket via Telegram, 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 Polymarket's prediction results will feedback into the X platform. Combining real-time interpretations from Grok and relevant X posts, this collaboration will achieve an explainable flow of predictive data. This partnership has driven 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 destroy tokens. The platform is expected to continue expanding its user base and driving up the price of the tokens with this wave of enthusiasm.

Knet: An AI game development platform backed by a publicly listed company

Knet is an AI-based natural language development platform for game developers, representing a key project in the AI+Gaming narrative within Web3. Unlike most on-chain AI projects, Knet is backed by a publicly listed company—Kying Network (SZ.002517), which is expected to achieve revenue of over 5.1 billion yuan in 2024, has a robust cash flow, and is rich in industry resources.

Knet has currently reached a partnership with Alibaba Cloud, which provides GPU computing resources and cloud servers, and has established AI model collaborations with ARAI and Swarms, invested by Sequoia Capital, possessing inherent advantages in technical resources and industry relationships. On June 13, Alibaba Cloud's official public interaction with Knet on X further triggered market FOMO, leading to a peak in coin prices. As a project with a complete commercial chain and strong resource backing, Knet is becoming a typical paradigm of "traditional enterprises + AI + on-chain mechanisms."

Jatevo: A decentralized inference platform built for open-source LLM models

JATEVO is an AI platform focused on high-performance large language model (LLM) inference, offering multi-model AI inference services such as DeepSeek R1/V3 and Llama 4 series, as well as GPU computing resource access and rental services, aiming to build AI infrastructure on a global scale. 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 saw its market value surge from 100k to 7m within a week, an increase of up to 70 times.

Users can pay for services such as AI model calls and GPU leasing via $JVTO. In addition, the project plans to introduce a staking mechanism in the future, allowing users to obtain fee discounts 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 Transactions

Fitted is an AI intelligent dressing and trading platform where users can upload pictures of their clothes, use AI to match dressing styles, sell second-hand clothing, and share outfits with friends, aiming to create an AI wardrobe assistant.

According to the project party's disclosure, as of now, the download volume of Fitted App has exceeded 300,000 times, with a total of over 1.2 million clothing items uploaded, and the total browsing volume of related content on social platforms has surpassed 300 million. The user profile has gradually expanded from being predominantly female users in the early stages to a broader audience of fashion enthusiasts, especially after the rise of AI tool 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 partnership has been established with the well-established film company Paramount, which will launch 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 formed partnerships with brands such as Nike and The North Face.

At present, Fitted's platform token $Fitcoin can be used for the payment of AI clothing recommendation services and the settlement of second-hand transactions within the platform, and will also assume the governance functions of the platform in the future, including theme voting for clothing activities, IP co-branding direction decision-making, etc. At the same time, the platform has a buyback deflationary mechanism, and part of the platform's revenue is used for regular buybacks and token burning. In addition, Fitted is building an on-chain points system and a user level system, where users can accumulate points by uploading clothes, participating in interactions, voting and other behaviors, and exchange them for $FITCOIN or exclusive props on the platform, gradually forming a complete closed loop from "use-incentive-consumption" to realize the flywheel effect of currency prices.

"ICM" is poised to go

On June 13, Ben, the founder of the Believe platform, launched a brand new anti-sniping mechanism aimed at addressing the community's long-standing complaints about projects being sniped immediately upon launch. This mechanism sets a higher trading tax during the early stages of the launch, hoping to effectively suppress the situation where a large number 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 refinement and construction, and more updates will be launched in the coming weeks.

The narrative of ICM (Internet Capital Market) has always been the core narrative promoted by Solana. Since its inception, the Believe platform has connected with thousands of entrepreneurs, proving its effectiveness through practice. Developers can obtain operational funds for their projects by issuing tokens, while on-chain users can step out of the PVP model and invest in projects that genuinely have the intention to build long-term. This positive cycle is attracting more and more outstanding Web2 entrepreneurs to join the ecosystem, and the Believe platform also contains more alpha opportunities.