ICM: The Internet Capital Markets
ICM is a hybrid model of crowdfunding + structured market + online community, driven by blockchain technology. This article is sourced from an article by Pink Brains and Blockworks Research, organized, compiled, and written by TechFlow.
The Rise of ICM
The crypto market has never stopped redefining the way tokens are issued: ICO / IEO → IDO → Fair Launch / Launchpads → Token farming model → Bonding Curves. If you missed out, the new trend could be ICM (Internet Capital Markets).
@believeapp is disrupting project funding on Solana through its “Tweet-to-Token” model. This model allows anyone to issue tokens by replying to a tweet. It has become the third-largest memecoin issuance platform after @pumpdotfun and @MeteoraAG.
What is ICM?
2017 – 2022: Anonymous users created Memecoins.
2023 – 2024: Anyone could issue their own tokens, mostly for entertainment.
2025: Everyone could tokenize ideas, raise funds online, like a “decentralized Y Combinator.”
It is a hybrid model of crowdfunding + structured market + online community driven by blockchain technology.
How does @believeapp achieve this?
The answer lies in its “Tweet-to-Token” model and its flywheel effect:
– You tweet to create a token.
– Bonding curve initiates trading.
– When the token market cap reaches $100,000, it can “graduate” into Meteora’s deep liquidity pool.
– Fees are split 50/50 between the creator and Believe.
– If your project stands out, Believe App will highlight it on the platform.
– Founders receive funding in stages.
Unlike token farming or private sales, Believe’s model lowers the barrier to token creation to just one tweet.
The Vision and Interest in ICM
The vision is to democratize venture capital. Users can mint a new token by replying to a tweet with “@launchcoin + name,” converting online attention into permissionless capital.
ICM is timely as it fills the gap where undervalued internet creativity cannot adapt to traditional venture capital models. Social media serves as a distribution engine, and memecoins have shown the power of communities.
Believe’s “Tweet-to-Token” is an intriguing SocialFi experiment, providing unprecedented convenience in token issuance. However, its sustainability depends on creating real value beyond speculation.
Performance of @believeapp
Believe App ranks third in issuance, following @pumpdotfun and @MeteoraAG. It has issued over 13,000 tokens, capturing 14% market share. In the past 24 hours, fee revenue exceeded $9 million, a remarkable feat.
ICM Projects
Some popular projects issued through @believeapp’s Launchcoin include $LAUNCHCOIN, reaching a peak market cap of $352 million within three days.
Data may change over time.
Other Token Issuance Platforms on Solana
@pumpdotfun, @MeteoraAG, @RaydiumProtocol were Solana’s earliest memecoin factories.
@boopdotfun, a newer platform centered on KOLs, offers structured rewards, including airdrops and fee splits for $BOOP stakers.
Believe App’s endeavors are full of SocialFi energy. Can frictionless token creation build a real ecosystem, or will it be overwhelmed by its hype cycle? Only time will tell, so explore cautiously as all eyes are on these developments.