ICM Narrative Interpretation: Tweets are Tokens, Believe makes Venture Capital more Democratic

Authors: Pink Brains, Blockworks Research

Compiled by: Shenchao TechFlow

The emergence of Believe in recent days has not only created a wealth effect for Launchcoin but has also made the previously sluggish market start to pay attention to ICM (Internet Capital Markets)), this new narrative.

Some say it looks no different from crowdfunding; others say it has revitalized the financing channels for Web2 companies, allowing the attention market to directly finance and price a certain enterprise through social media posts.

We have compiled different interpretations from external sources to help you quickly understand this narrative from a data perspective.

The following content is sourced from: @PinkBrains and @Blockworks

The cryptocurrency market has never stopped redefining the way tokens are issued:

ICO/IEO → IDO → Fair Distribution/Launchpads → Points Farming Model → Bonding Curves

If you missed it, the new trend might be ICM (Internet Capital Markets).

@believeapp is disrupting project funding on Solana with its "Tweet-to-Token" model. This model allows anyone to issue tokens by replying to a tweet.

Currently, it has become the third largest memecoin issuance platform, after @pumpdotfun and @MeteoraAG.

What is ICM?

2017-2022: Anonymous users created Memecoins.

2023-2024: Anyone can issue their own tokens, but mostly for entertainment.

2025: Everyone can tokenize their ideas and raise funds through the internet, just like a "decentralized Y Combinator."

This is a hybrid model driven by blockchain that combines crowdfunding, structured markets, and online communities.

What is ICM like?

Suppose you developed a cool application that became popular, and you want to raise funds for the next stage. You have the following options:

Schedule a venture capital (VC) meeting, endure 50 rejections, and you may also lose control of the project;

Work hard on Kickstarter and pray that strangers believe in you;

Or directly "Tweet to Token", receive funding support from your community in real-time, without intermediaries. People who like your project directly become your early investors.

This is the charm of the Internet Capital Market (ICM).

@believeapp 如何实现这一切？

The answer lies in its "Tweet-as-a-token" model and its flywheel effect:

You send a tweet to create a token;

Activate trading on the bonding curve;

When the market value of the token reaches $100,000, it can "graduate" into the deep liquidity pool of Meteora.

The handling fee is split 50% between the creator and Believe.

If your project stands out, the Believe App will prominently recommend it on the platform.

The founders will receive funding in stages.

Unlike the points system or private sales, Believe's model lowers the threshold for token creation to just one tweet.

This permissionless capital forms a self-reinforcing loop:

More creators → Better distribution → More traders → More transaction fees → More creators.

What is the vision? To democratize venture capital.

Users only need to reply to a tweet by entering "@launchcoin + name" to mint a new token, aimed at transforming online attention into permissionless capital.

This greatly lowers the threshold for issuing tokens on Solana.

In the past 24 hours, over 5000 tokens have been launched on the Believe platform.

This achievement ranks it third in terms of the number of tokens issued, accounting for 14% of the market share.

The new token starts with a bonding curve and has anti-sniping fees.

If the market value reaches $100,000, these tokens can "graduate" to the Meteora decentralized exchange (DEX) pool for deeper liquidity.

Creators can receive 50% of the transaction fees, which incentivizes more people to participate.

The adoption speed of @believeapp is very fast, with the goal of "utility coins" and targeting Web2 developers.

There is a gap in the market for undervalued risk investment businesses, and Believe is expected to fill this gap.

However, regulatory uncertainty remains high. Believe refers to the token as "digital merch" rather than equity, but the scrutiny from the U.S. Securities and Exchange Commission (SEC) remains a key uncertainty.

The market is highly volatile, similar to memecoins, which means there is potential for quick gains, but it also comes with the risk of significant losses.

Believe's "Tweet-to-Token" is an engaging SocialFi experiment that provides unprecedented convenience for token issuance.

However, its sustainability depends on whether it can create real value beyond speculation.

Why is everyone interested in this?

ICM is timely:

This is the era of "vibe coding". ICM fills the gap left by undervalued internet creativity that cannot adapt to traditional venture capital models.

Social media has become a distribution engine;

Memecoins have proven the power of community.

Solana is driving this new narrative.

@believeapp 的表现如何？

Performing very well.

The Believe App currently ranks third in terms of issuance volume, second only to @pumpdotfun and @MeteoraAG.

Over 13,000 tokens have been issued, accounting for 14% of the market share, with 24-hour transaction fee revenue surpassing 9 million USD, which is astonishing.

ICM Project

Here are some popular projects launched through @believeapp's Launchcoin:

Among them, $LAUNCHCOIN (launched by @launchcoin) reached a market capitalization peak of $352 million (increased 50 times in 3 days).

Data may change while being read.

Other token issuance platforms on Solana:

@pumpdotfun, @MeteoraAG, @RaydiumProtocol: The earliest meme coin factory on Solana;

@boopdotfun: A newer KOL-centered issuance platform that offers structured rewards, including airdrops and fee sharing for $BOOP stakers.

The Believe App is doing things filled with SocialFi energy:

Can frictionless token creation build a real ecosystem? Or will it be crushed by its own hype cycle?

We cannot determine at the moment.

But you should explore with caution, as everyone is paying attention to the progress of all this.