Crypto Security Shakeup: Believe Memecoin Launchpad Unveils First-Ever Rugpull Protection
Crypto investors have fresh reason to celebrate: the Believe memecoin launchpad is pioneering new security measures aimed at stamping out rugpulls and scams—two of the biggest pitfalls plaguing blockchain and DeFi participants.
The latest features from the rebranded SocialFi platform, formerly Clout, include automatic fee blocking in the first 24 hours after a token launch. This proactive move aims to deter fast sell-offs, a common hallmark of rugpulls that have haunted altcoin and memecoin traders alike. Users can also trigger manual fee blocking on any suspect token, strengthening the platform’s crowd-sourced security net and allowing rapid action when suspicious trading is spotted.
In a unique twist, all tokens launched via Believe now end their contract address with a “BLV” suffix, making them instantly recognizable—much in the same way Pump.fun’s tokens are identified by their “pump” tag on the Solana network. This aims to drive transparency and minimize investor confusion, a long-lived issue in fast-paced crypto markets. For investors eager to understand these new tools and their wider context, our guide to choosing a robust crypto wallet offers lessons in self-defense against fraud.
Upcoming features include a real-time public dashboard that will display key token metrics, such as health status and creator fee earnings. These dashboards are set to launch within the next 24 hours alongside advanced optimizations to Believe’s iOS token release process—a change expected to boost token launches via the app from just 1% to almost 100% by month’s end.
Beyond security, Believe is enabling rapid token creation directly from X (formerly Twitter): users simply tweet details and tag the platform’s launch command to mint and list a new DeFi token instantly. After launch, tokens begin trading on a bonding curve and, if the market cap exceeds $100,000, they graduate to a higher-profile trading venue. Profits from trading fees—split evenly between the platform and token creator—are available for daily claim by connecting an X account.
Recent events have brought extra scrutiny to fast-moving memecoin projects following high-profile rugpulls and market volatility. These new features place Believe at the forefront of crypto risk mitigation. Analysts say such innovations could incentivize greater trust—essential for DeFi’s mainstream adoption. If you’re new to crypto security, check our piece on keeping digital assets secure with browser wallets like MetaMask.
Integral to Believe’s ecosystem is LAUNCHCOIN—a token with deep ties to the platform’s founder, Ben Pasternak. The coin soared from a $10 million to over $240 million market cap in just two days during last month’s rebranding frenzy before correcting to $142 million, highlighting both the wild growth potential and volatility of the sector.
As SocialFi and blockchain platforms evolve, launchpads like Believe are rewriting the rulebook for crypto project vetting and investor protection. The market will be watching closely to see whether these deterrents become the new security gold standard or simply the opening salvo in the ongoing battle against rugpulls.
For a deep dive into crypto project due diligence and market trends, don’t miss our analysis: how Q1 rugpull losses are shaping the crypto investment landscape.