Essential tools for Believe: Token Radar, Data Dashboard, and identifying high-frequency Rug Pull Dev

Written by: KarenZ, Foresight News

With the platform's native token LAUNCHCOIN experiencing an increase of nearly 100 times in a week, the Believe ecosystem shows strong growth momentum. According to Believe Launches statistics, since the new version of Believe was launched on April 27, a total of 12,689 token issuances have been completed, with nearly 5,211 new issuances in the past 24 hours, demonstrating high-frequency vitality. The cumulative transaction amount has reached 16.6 billion USD, with a 24-hour trading volume of 740 million USD, and creators' cumulative earnings have reached 16.64 million USD (with earnings of 7.4 million USD in the past 24 hours).

It is worth emphasizing that, based on the author's observations, even developers with thousands to tens of thousands of followers and a high Ethos reputation score face market cold start challenges when issuing tokens, with most tokens briefly increasing in market value before ultimately falling back below $30,000.

It is worth noting that, although Believe has abandoned Clout's simple model of "capitalizing social relationships" and shifted its focus to "empowering projects or technologies with real application scenarios, assisting in the rapid issuance and cold start of tokens," the vast majority of tokens on the platform currently belong to the Meme category. More concerning is that the new coin cycle is rapidly compressing (shortened from "daily" and "hourly" to "minute" levels), combined with doubts regarding chip distribution, sniper buying, and false prosperity. If retail investors cannot profit in the long term, it will be difficult to maintain market enthusiasm.

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

Believe Screener

Built by @nanowisp, the Believe Screener allows you to sort Believe eco-tokens by market capitalization, volume, gains, and provides a real-time representation of newly launched tokens through Believe, as well as the ability to navigate to relevant Tweets. A new token push module is set up in the lower right corner of the Believe Screener website to ensure that users can capture real-time new token updates.

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 Ethos reputation scores, making it easier for users to check the credibility of token creators. The Believe Xultra's Believe New Coin Feed stream allows users to filter low-quality tokens by the number of creator fans, the number of smart fans, and the Ethos reputation score.

Believe Signal

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

PumpPill Plugin

The PumpPill plugin is built by @shixguang_ and supports viewing the token issuance records, renaming history, and common KOLs that Twitter accounts have mentioned on platforms like pump.fun, Boop, and Believe. It can greatly help in identifying high-frequency Rug Pull developers. The PumpPill plugin is a paid service, but users can also access free queries.