Thread by @believeapp

$LAUNCHCOIN → $BELIEVE

The upgrade is now live and will remain open until Wednesday, October 29.

Complete details on how the flywheel works will be shared at the end of the upgrade period.

The upgrade period will last two weeks. You can now upgrade your $LAUNCHCOIN to $BELIEVE 1:1 via our website: believe.app/upgrade

If you're still holding $LAUNCHCOIN at the end of the upgrade period, you will still be able to claim $BELIEVE during the final claim period via our website. The final claim period will last two weeks.

$LAUNCHCOIN’s original design didn’t anticipate the long-term needs of the Believe ecosystem.

To properly support ecosystem growth, the initial supply of $BELIEVE has been set to 1.33 billion, a 25% increase from $LAUNCHCOIN.

Of the total supply, 17% is allocated to incentivize current and future contributors, 5% to early investors, and 3% to foundation initiatives.

Contributor allocations vest over four years with a one-year lock, investor allocations are locked for one year, and the foundation’s coins enter circulation immediately to advance the Believe ecosystem.

At the end of the upgrade, any unclaimed tokens will be permanently burned, with the aim of reducing the total supply toward 1 billion.

$LAUNCHCOIN will no longer be supported or maintained once the upgrade period closes. We encourage holders to review the above upgrade details carefully.