A token or project distribution with no insider allocations, private sales, or pre-mines—everyone can participate equally from the start.
Fair launches avoid preferential treatment: no VCs, no team pre-mine, no insider pricing. Distribution may happen through mining, liquidity bootstrapping, or open auctions.
A project deploys a token without pre-allocations and starts liquidity mining where anyone can earn tokens by providing liquidity from day one.
Benefits include community trust and decentralization; downsides include limited runway for development and potential whale accumulation via open markets.
Without a treasury, contributors may rely on community grants or DAO proposals to fund ongoing development.
All terms and definitions may update as the Cryptionary improves.