Believe Essential Tools: Token Radar, Data Dashboard, and Identifying High-Frequency Rug Pull Dev

Believe is an essential tool for the ecosystem, helping to some extent to filter quality Tokens and avoid risks.

Written by: KarenZ, Foresight News

With the platform's native Token LAUNCHCOIN experiencing a nearly 100-fold increase in a single week, the Believe ecosystem demonstrates strong growth momentum. According to Believe Launches statistics, since the launch of the new version of Believe on April 27, a total of 12,689 Tokens have been issued, with nearly 5,211 newly added in the past 24 hours, showcasing high-frequency vitality. The cumulative transaction volume has reached 16.6 billion dollars, with a 24-hour trading volume of 740 million dollars, and the total earnings for creators amount to 16.64 million dollars (with earnings of 7.4 million dollars in the past 24 hours).

It is worth emphasizing that, according to the author's observations, even developers with thousands to tens of thousands of followers and a high Ethos reputation score face challenges of cold market startup when issuing tokens. Most tokens, even if they briefly increase in market value, will ultimately fall back to below $30,000.

It is worth noting that although Believe has abandoned Clout's purely "social relationship assetization" model and shifted its focus to "empowering projects or technologies with practical application scenarios, facilitating the rapid issuance and cold start of Tokens," most of the Tokens on the platform currently belong to the Meme category. More importantly, the new coin cycles are rapidly compressing (shortening from "day-level," "hour-level" to "minute-level"), coupled with doubts regarding chip distribution, sniper grabs, and false prosperity. If retail investors cannot make profits in the long term, market enthusiasm will be difficult to maintain.

In a market where opportunities and risks coexist, tools are key to filtering quality tokens and avoiding risks to a certain extent. The following are several essential tools for the Believe ecosystem:

Believe Screener

The Believe Screener is built by @nanowisp, supporting sorting of Believe ecosystem tokens by market capitalization, trading volume, and price change. It also provides real-time updates on newly launched tokens through Believe and allows navigation to related tweets. The bottom right corner of the Believe Screener website has a new token push module to ensure users capture instant updates on new token dynamics.

Believe Launches

Believe Launches built by @0x_ultra, supports viewing the top 50 Believe ecosystem tokens by market capitalization, trading volume, creator fees, and other metrics, and also displays the Ethos credibility score, making it easy for users to check the credibility of token creators. The Believe New Token Feed of Believe Xultra allows users to filter low-quality tokens by the number of creator fans, the number of smart fans, and the Ethos credibility score.

Believe Signal

Believe Signal supports filtering tokens based on minimum follower count and whether the Twitter account is verified, and displays the Twitter follower count, as well as directly pointing to GMGN's market data.

PumpPill Plugin

The PumpPill plugin is built by @shixguang_ and supports viewing the token issuance records, name change history, and commonly followed KOLs of Twitter accounts on platforms such as pump.fun, Boop, and Believe, which can significantly help identify high-frequency Rug Pull devs. The PumpPill plugin is a paid service, and users can also access free queries.