The positive cycle of "ICM" is attracting more and more Web2 entrepreneurs to join the ecosystem.

Author: kkk, BlockBeats

Since May, $Launchcoin has nearly exploded with a 300-fold increase, and the ICM (Internet Capital Market) concept it represents has swept through major on-chain communities, becoming a new direction for market funds. However, traders quickly realized that many high-market-cap leading tokens (such as $goonc and $startup) are narrative-driven projects lacking real product support, which goes against the original intention of the believe platform.

Moreover, with incidents of some projects deleting tweets and founders going missing, the market has raised doubts about the sustainability of the platform ecosystem represented by $Launchcoin. Subsequently, some high-quality projects have gradually emerged with clear product logic and stable operational rhythm as coin prices warmed up, not only regaining community trust but also boosting the sentiment around the platform token $Launchcoin, pushing its market cap back above $200 million.

Therefore, deeply exploring projects within the Believe ecosystem that truly possess growth potential has become a key path to finding Alpha. This article will focus on five major potential projects and provide analysis and summaries.

Kled: On-chain intermediary for AI data

Kled is an AI data trading platform that acts as an intermediary between AI developers and data copyright holders by providing video, audio, text, and other data. The project was funded with $2 million by K5 Capital, which has previously invested in Uber and Xai. Founder Avi Patel dropped out of the University of Illinois and has participated in multiple startups, founding Nitrility (a music copyright platform) in 2023 and Kled in 2024.

In the early days, the price of $Kled plummeted to zero due to contract deployment issues, causing panic in the market. However, the clarification from platform founder Ben and the continuous product updates from the Dev team reignited hope in the community, raising the market cap to $10 million and landing on moonshot.

On June 9, Kled V2 announced a major enterprise contract for Kled Pages, established partnerships with platforms like YouTube, Twitch, and Google Classroom, and co-hosted a hackathon with Stanford and UC Berkeley, which is expected to bring more To B revenue to the platform and achieve scaling effects. This news ignited FOMO in the community, and $Kled reached an all-time high, becoming the leading project on the current believe platform, with a market cap approaching $40 million.

The token mechanism design of $Kled also has ecological flywheel potential: through transaction taxes for regular buybacks and burns, it has cumulatively destroyed over 8% of circulating tokens, achieving deflationary expectations and price support.

Polycule: The tg trading bot for Polymarket

Polymarket gained popularity for successfully predicting the results of the 2024 U.S. presidential election by disrupting traditional polling, and the platform's heat and trading volume saw explosive growth after the election. However, Polymarket still faces regulatory scrutiny and investigations in the U.S. and has banned U.S. users from accessing the platform.

Polymarket monthly trading volume, data source: Dune Analytics

Polycule is a one-click Telegram trading bot that connects to Polymarket, allowing users to bypass domain restrictions and trade with chat commands, addressing a key pain point for Polymarket users in the U.S., and has received a $560,000 investment from alliancedao.

The Polycule platform has received official endorsement from Polymarket, leading to the first round of price increases. Polymarket CEO Shayne followed the official Twitter account of the project. When a user asked if they could place bets on Polymarket via tg, Polymarket officially recognized the Polycule platform.

On June 6, X officially announced a partnership with Polymarket, becoming the official prediction market partner of X. X will provide data-driven insights to Polymarket, while Polymarket's prediction results will be fed back to the X platform, combining real-time interpretations from Grok and related X posts to achieve explainable predictive data flow. This collaboration propelled the price of $Pcule to an all-time high.

The Polycule platform charges a transaction fee of 0.01%-0.05%, of which 30% is used for buybacks and token burns. The platform is expected to continue expanding its user base and drive up token prices through this wave of enthusiasm.

Knet: An AI game development platform backed by a listed company

Knet is a natural language development platform based on AI for game developers, representing a key project in the AI+Gaming narrative within Web3. Unlike most on-chain AI projects, Knet is supported by a publicly listed company—Kaiying Network (SZ.002517), which achieved revenue of over 5.1 billion yuan in 2024, boasting robust cash flow and rich industry resources.

Knet has currently partnered with Alibaba Cloud to provide GPU computing resources and cloud servers, and has established AI model collaborations with ARAI and Swarms, which are invested by Sequoia Capital, giving it a natural advantage in technical resources and industry relationships. On June 13, Alibaba Cloud's official interaction with Knet on X further triggered market FOMO, and the token price reached a temporary high. As a project with a complete business chain and strong resource backing, Knet is becoming a typical paradigm of "traditional enterprises + AI + on-chain mechanisms."

Jatevo: A decentralized inference platform for open-source LLM models

JATEVO is an AI platform focused on high-performance large language model (LLM) inference, providing AI inference services for multiple models such as DeepSeek R1/V3 and Llama 4 series, as well as GPU computing resource access and rental services, aiming to build AI infrastructure globally. The platform has partnered with LandingCraft.id to provide digital solutions for small and medium-sized enterprises and has established strategic collaborations with hardware providers. Its token $JVTO surged from $100k to $7 million in market cap within a week, with an increase of up to 70 times.

Users can pay for AI model calls, GPU rentals, and other services using $JVTO. Additionally, the project plans to introduce a staking mechanism in the future, allowing users to earn fee reductions and governance voting rights by staking tokens, further binding long-term users to the token's value.

Fitted: Exploring the Fusion of AI Fashion and On-chain Trading

Fitted is an AI smart styling and trading platform where users can upload images of their clothes, use AI to match styling, sell second-hand clothing, and share looks with friends, aiming to create an AI wardrobe assistant.

According to the project team, as of now, the Fitted App has been downloaded over 300,000 times, with more than 1.2 million clothing items uploaded, and the total views of related content on social platforms have surpassed 300 million. The user demographic has gradually expanded from a focus on female users to a broader audience of fashion enthusiasts, especially with the rise of AI tool products, leading to significant growth in male users.

The Fitted platform has established partnerships with several companies in the industry. On June 4, the official announcement was made regarding a collaboration with the veteran film company Paramount, which will launch a series of co-branded activities around the 30th anniversary of the release of "Clueless," introducing the concept of a "virtual wardrobe" into popular culture for the first time. Additionally, the platform has partnered with brands such as Nike and The North Face.

Currently, the platform token $Fitcoin can be used for payments for AI styling recommendation services and second-hand transaction settlements within the platform. In the future, it will also take on governance functions, including voting on styling event themes and decisions on IP collaborations. Furthermore, the platform has a buyback deflation mechanism, using part of its revenue for regular buybacks and token burns. Additionally, Fitted is building an on-chain points system and user level system, where users can accumulate points through actions such as uploading clothing, participating in interactions, and voting, which can be exchanged for $FITCOIN or exclusive items within the platform, gradually forming a complete closed loop from "usage—incentive—consumption" to achieve a flywheel effect on token prices.

"ICM" is Gearing Up

On June 13, Ben, the founder of the Believe platform, launched a new anti-sniping mechanism aimed at addressing the community's long-standing complaints about projects being targeted immediately upon launch. This mechanism sets a relatively high transaction tax during the initial launch phase, hoping to effectively suppress the rapid acquisition of large amounts of tokens by short-term funds, and encourages participants who genuinely wish to hold and support the project long-term. Ben stated that any project requires continuous refinement and development, and more updates will be released in the coming weeks.

The ICM (Internet Capital Market) narrative has always been a core narrative promoted by Solana, and since its establishment, the Believe platform has connected with thousands of entrepreneurs, proving its effectiveness through practice. Developers can obtain operational funds for their projects by issuing tokens, while on-chain users can step out of the PVP model and invest in projects that genuinely intend to build long-term. This positive cycle is attracting more and more excellent Web2 entrepreneurs to join the ecosystem, and the Believe platform holds more alpha opportunities.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。