The Fair Launch: A Truly Public Sale
AetherCycle began with a core promise: a launch as fair, transparent, and decentralized as the protocol itself.
Instead of private sales, insider allocations, or complex bonding systems, AetherCycle was bootstrapped through a public fair launch executed entirely on-chain by the FairLaunch.sol contract.
This event raised the initial USDC liquidity required to seed the protocol’s permanent base of stability.
Principles of Fairness
The Fair Launch was governed by immutable rules:
No Whitelists, No Insiders — Open to all from block one. No private deals, no preferential access.
No Min or Max Contribution — Anyone could contribute any amount of USDC. Small and large participants shared the same conditions.
Pro-Rata Distribution — AEC allocation was proportional to each user’s USDC share of the total pool. Pure, transparent price discovery.
Trustless & Autonomous — Contributions, finalization, and claiming were fully managed by the smart contract. Zero team intervention.
Lifecycle of the Fair Launch
The process followed a three-phase model:
Contribution Phase (48h)
Open window for anyone to deposit USDC into
FairLaunch.sol.Users could exit anytime via
emergencyWithdraw().
Finalization Phase
After 48h, anyone could call
finalizeLaunch().This function:
Calculated the final AEC price based on 62,222,222 AEC (7% of total supply).
Transferred 100% of collected USDC to
LiquidityDeployer.solto create the permanent liquidity pool.
Claiming Phase
All contributors could claim their pro-rata share of AEC via the
claim()function.
Built-in Safeguards
To ensure fairness and protection:
Minimum Raise: If less than $10,000 USDC was raised, the launch would not finalize.
Refund Guarantee: In that case, all participants could reclaim 100% of their contributions through the
refund()function.
This safeguard ensured that the protocol would only proceed with sufficient initial capital, protecting early supporters from underfunded deployment.
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