Fair Launch Mechanism - Metaplex genesis platform is presented as a solution to the fair launch problem that impacted 90% of 2024 tokens [1] Auction Details - Exotic markets conducted a uniform price auction where 694 bidders each paid $0.0052 [1] - No venture capitalists received cheaper tokens, and there were no insiders to dump tokens [1] Market Performance - The token experienced an instant 284% appreciation, reaching a $200 million valuation [1] - Every holder has the same cost basis [1]