Fair First Buy

The Fair First Buy is a feature of the Burning Meme platform that utilizes all Guru tokens locked in during the 1-hour Meme Boost Stage to collectively make the first purchase of a newly launched memecoin from the bonding curve. This allows a wider range of users to acquire the memecoin at the lowest possible price, rather than just the creator, and it also acts as a safeguard against sniping bots, ensuring a fair and equitable initial distribution.

Fair First Buy Mechanics

• During the Meme Boost stage (1 hour), users can lock their $Guru tokens in the memecoin's Boost pool.

• After the hour ends, all locked $Guru tokens are used to purchase memecoins from the bonding curve.

• The purchased tokens are then distributed proportionally among the boosters (users who participated in the boost) and the meme creator, based on their respective shares in the Boost pool.

• These tokens are airdropped directly to the wallets used during the Meme Boost stage.

• Users can use them for bonding curve trading.

Fair First Buy Distribution Formula:

• $G_a$ - creator's share in Boost pool.

• $G_i$ - Boosters' share in Booster pool

• $M$ - total amount of collected $Guru during the Boost stage

• Distribution:

  • Creator's share: $M_{creator} = M \times \frac{G_a}{G_a + \sum G_i}$

  • Each Booster's share: $M_i = M \times \frac{G_i}{G_a + \sum G_i}$

This ensures that both the creator and the supportive community (boosters) receive their fair share of the launched memecoin based on their $Guru contribution.