Yesterday, I was still complaining about Believe, and its official account released the Season 2 video trailer late at night.
Given that the team has mentioned the economic flywheel model multiple times before, the market generally interprets the release of Season 2 as: Believe's long-promised token empowerment narrative. The market cap of #Launchcoin has also surpassed 100M.
In addition to the updates from Believe, the project PCULE @pmx_trade within the ecosystem also announced a major update.
>PCULE is dissatisfied with being a trading tool for prediction markets and hopes to break through the existing ceiling, thus rebranding to PMX and officially entering the prediction market platform.
>Unlike traditional models, PMX represents the outcome of each market as two independent tokens: YES and NO. It ensures that the sum of (YES + NO) is always equal to 1 dollar. When the event settles, the price of the winning token becomes 1 dollar, while the losing token goes to zero.
At the same time, PMX also announced some collaborations:
Deepening liquidity: Collaborating with the liquidity layer protocol Meteora to build a liquidity foundation for the platform.
Expanding influence: Partnering with MOBY to enhance the market exposure and user participation in platform prediction events.
Although PMX is still subject to the market cap limit of #Launchcoin, with Believe about to empower, projects within the ecosystem also have a wealth effect, making it reasonable to be optimistic that Believe is currently in a favorable position.
PMX is also hosting a prediction market conference with Meteora during Token2049, and I suspect today's announcement is also aimed at gaining more exposure. It is evident that Meteora is providing focused support and has given a lot of help.
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