Believe memecoin launchpad rolls out rug protection features

Memecoin launchpad Believe has introduced new security features to protect users from rugpulls and scams, including automatic and manual fee blocking on new tokens and a standardized “BLV” contract address suffix. Believe, the SocialFi memecoin launchpad formerly known as Clout, has rolled out new features designed to protect users against rugpulls and scam tokens. These include automatic fee blocking for the first 24 hours after a new token launch, a feature intended to deter immediate sell-offs often associated with rugpulls . The platform also enabled manual fee blocking for any new token, encouraging users to report suspicious projects quickly. Additionally, all Believe token contract addresses now end with “BLV,” making it easy for users to identify tokens launched on the platform — similar to how Pump.fun memecoins are recognized by the “pump” suffix in their CAs. Within the next 24 hours, Believe also plans to publicly display token health status and creator fee earnings, along with significant optimizations to its iOS token release process that are expected to increase the proportion of tokens released through the app from 1% to nearly 100% by the end of the month. You might also like: Cardi B’s WAP memecoin pump ends in another rug pull … again Believe , previously known as Clout, is a Web3-based SocialFi platform that allows users to create and launch tokens through social interactions on X. Users can create new tokens simply by tweeting details and tagging the platform’s launch command, which triggers automatic token creation. Tokens begin trading on a bonding curve and graduate to Meteora once their market caps reach $100,000. At that point, trading fees are split 50/50 between Believe and the token creator. Creators can claim their earnings daily by linking their X account to the Believe app. LAUNCHCOIN , originally the PASTERNAK coin, remains closely linked to Believe through Ben Pasternak, founder of both Clout (now Believe) and the token. While not officially Believe’s native coin, its rebranding alongside the platform sparked speculation about its future role in the ecosystem. This drove LAUNCHCOIN price surge from a $10 million market cap on May 12 to over $240 million by May 14. However, it has since retraced to $142 million. Source: LAUNCHCOIN marketcap | Coinmarketcap You might also like: Pump.fun’s reported token launch sends Solana memecoins tumbling