Beliefs
Not another memecoin launchpad. Focused on hypergrowth, positive sum-game, more fair and fun. And we are tokenizing attention better using social media content.
Created on 27th June 2024
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Beliefs
Not another memecoin launchpad. Focused on hypergrowth, positive sum-game, more fair and fun. And we are tokenizing attention better using social media content.
The problem Beliefs solves
Degens want to minimize the risks of getting rugged and maximize the gains. While still having fun.
- 98% of tokens on Base are ruggable (honeypots, LP not burnt, contract is not renounced).
- Lacking strong tokens and ways to identify engaged communities.
- Users want new way of social gambling involved, but so far only a few teams iterated on that. (e.g rug.fun, worldpvp)
Creators want distribution and strong contributors support.
- Launching a token requires sophisticated tools, initial investments and a place for distribution.
- Struggling with incentivization mechanics and community contributions to grow the token price.
- Zero-sum game - most of people are looking to exit, instead of building a brand
So we are building Beliefs to solve those problems and elevate the market of community coins
It's a SocialFi for users to create & trade early tokenized attention. A mix of launchpad, social DEX and token games on Base, Farcaster similar to pump.fun and other alternatives on Base.
What's new in this release?
- tipping infra for all the tokens (Warpcast now, X by 8 of July).
- tokenising social media content (tweets, casts, tiktoks, youtube videos).
- Farcaster reputation of the creator to gain more trust.
- we have a lot more features that will change the game we play with memecoins. Every week you will see the new feature.
We are focused on hypergrowth, positive sum-game, more fair and fun!
Challenges we ran into
- We've spent 2 months iterating, researching, analyising & using competitors, their gtm, talking to users. I think the market is saturated now, with a lot of launchpads - successful and failed one. To be able to win - we need to build something 10x better, only that can help us to win the userbase.
So instead of going live with the copycat, we are building tools that solves problems for creators and degens.
The problem I am facing now is: Is this enough to win users or not? And only time will tell.
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We have found out that Trading View need to approve the usage of the library. So as the learning, we should have research it in advance. As of now we don't have the chart and will be waiting for their approval to use the Advance chart.
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We are not able to share the the full-code, can add judges to the repo though. This decision is made to avoid competitors benefiting from it and also potentially others developing sniping bots or find vulnerabilities.
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We were pushing the deadline and run into different bugs the night we want to go to the testnet, it was predictable from my side. So our app currently again is not going live ready, so we could accept that as of now. Will be fixing and pushing those issues this week.
Tracks Applied (1)
Social Track
SOCIAL with Farcaster
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