Burwick Law Firm plans to file a lawsuit against Believe and its founders, opening the registration website to affected users.
TL;DR
Burwick Law Firm is preparing a lawsuit against Believe and its founder, with a registration site for affected users. The Believe token's value has plummeted from $120 million to $10.15 million, following a recent rebranding and supply increase.
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According to Foresight News , the US law firm Burwick Law tweeted that it is preparing to file a lawsuit against Believe and its founder Ben Pasternak, and has opened a registration website for affected users. As of press time, the Believe token has fallen from a peak of $120 million to $10.15 million, with a daily trading volume of only $195,400.
According to a previous report by Foresight News , Launchcoin tokens were renamed Believe in October of this year, and the token economic model was adjusted. The upgrade period will last for two weeks, and the total supply of BELIEVE after the upgrade is set at 1.33 billion, an increase of 25% from the previous supply. Launchcoin tokens can be upgraded to BELIEVE tokens 1:1 through the official portal.