Believe, a meme coin launchpad based on Solana, has recently made changes to its token listing policy that have sparked community interest. With a trading volume of $3.1 billion and a large trader base of over 400,000 individuals, the question arises whether these modifications will enhance Believe's market share in the future.

The alterations in Believe's Listing Policy were announced on May 22. The platform disclosed that it would no longer automatically list tokens on the Launchcoin account. Instead, a manual review process would be implemented to ensure the quality of projects submitted on the site, similar to the App Store's evaluation model. Moreover, Believe introduced a "Verified" label in place of the previous "Featured" tag. This tag is aimed at validating projects that are developed with genuine intent, though it does not fully verify their legitimacy.

However, in a surprising turn of events, Believe reversed the review process decision just two hours later, allowing projects to be listed instantly once again. Additionally, projects lacking an active or soon-to-be-active product, or those deemed primarily extractive, would not be able to claim fees as per Believe's new policy.

Believe also announced their intention to rely on community feedback for project quality control, with plans to integrate this system into the platform in the future.

Believe's success in the meme coin sphere is evident through its substantial trading volume of $3.1 billion, positioning it as one of Solana's leading meme coin launchpads. The platform's share of daily active addresses is at 22.9%, second only to Pump.fun at 67.8%, showcasing its rapid expansion in the meme coin industry, boosting tokens like LAUNCHCOIN to a $200 million market cap. Much of this growth is attributed to Believe's unique listing approach.

Nevertheless, these frequent policy adjustments present challenges. The initial halt on automatic listings aimed to filter out low-quality projects. However, the swift reversal hints at community pressure and intense rivalry with platforms like Pump.fun.

Users have varied opinions on Believe's recent enhancements. Some users speculate that the earlier "Featured" section may have shown bias towards projects associated with friends. There are concerns that projects listed on Believe are quickly targeted by a few major investors, disadvantaging regular users.

The reliance on community feedback to regulate project quality may introduce risks without a defined mechanism, particularly in the volatile and susceptible meme coin market.