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Believe announced the upgrade of the LAUNCHCOIN Token to BELIEVE
According to Wu, Believe, one of the largest launchers on Solana, announced the upgrade of LAUNCHCOIN Token to BELIEVE. Holders can exchange at a 1:1 ratio through the official website in the next 4 weeks, and any unupgraded LAUNCHCOIN supply will be destroyed after the expiration. Notably, the total supply of BELIEVE has increased by 25% compared to LAUNCHCOIN, set at 1.33 billion; of the increased supply, 17% is allocated to incentivize contributors, 5% is distributed to early investors, and 3% is for foundation programs. Ben Pasternak, the founder of Believe, stated that the team did not obtain supply when launching Pasternak / Launch Coin; the new supply, except for the foundation's share, will have a lock-up period starting from now; the income will be used for on-chain buybacks of BELIEVE.