Believe Announces LAUNCHCOIN Can Be Upgraded to BELIEVE at a 1:1 Ratio Until October 29

BlockBeats News, October 16: According to official announcements, Believe has announced that LAUNCHCOIN can now be upgraded to BELIEVE at a 1:1 ratio via the official website. The upgrade period will last for two weeks, ending on October 29, 2025. After the upgrade period ends, holders of LAUNCHCOIN who have not completed the upgrade can still claim BELIEVE through the official website during the final claim period, which will also last for two weeks. This upgrade aims to better support the long-term development of the Believe ecosystem. The initial total supply of BELIEVE is set at 1.33 billion tokens, representing a 25% increase compared to LAUNCHCOIN. Of this, 17% will be allocated to incentivize current and future contributors, 5% will be distributed to early investors, and 3% will be used for foundation projects. Contributor allocations will follow a four-year vesting schedule with a one-year lock-up, investor allocations will have a one-year lock-up, and foundation tokens will enter circulation immediately. After the upgrade period ends, all unclaimed tokens will be permanently burned to control the total supply at approximately 1 billion tokens. LAUNCHCOIN will no longer be supported or maintained after the upgrade period ends, and the official team advises holders to carefully review the upgrade details.