Definition ∞ A fair launch refers to a cryptocurrency project distribution method where no tokens are pre-mined or pre-allocated to insiders. In this model, all participants have an equal opportunity to acquire tokens from the project’s inception, typically through mining, staking, or providing liquidity. It aims to prevent large initial allocations to founders, venture capitalists, or private investors, promoting a more decentralized and equitable distribution. This approach seeks to reduce concentrated ownership and foster community governance from the outset.
Context ∞ The concept of a fair launch holds significant weight in the decentralized finance community, representing an ideal of equitable access and decentralization. A key discussion point often concerns the practical challenges of achieving a truly fair distribution and preventing manipulation during the initial phases. Future developments may involve innovative distribution mechanisms that further minimize advantages for well-resourced participants while still enabling project sustainability.
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