> ## Documentation Index
> Fetch the complete documentation index at: https://looma.hermans.club/llms.txt
> Use this file to discover all available pages before exploring further.

# Fair Launch

> A fair launch system that rewards those investing into the ecosystem

Token launches have become a battleground where the fastest bots and most connected insiders consistently win, leaving regular community members holding the bag.

When tokens launch on DEXs, what often happens is a chaotic race where:

* **Bots and snipers** purchase massive amounts within seconds
* **MEV (Maximal Extractable Value)** allows privileged actors to front-run transactions
* **Regular community members** get priced out immediately or pay extreme slippage

This creates a fundamentally unfair system where technical advantages determine who gets tokens, not community contribution or long-term alignment.

Platforms like [pump.fun](http://pump.fun) were meant to democratize launches, but they've created their own set of problems:

<CardGroup cols={2}>
  <Card title="Whale Dominance" icon="whale">
    A small number of wallets can acquire 30-40% of the total supply within minutes
  </Card>

  <Card title="Exit Liquidity" icon="door-open">
    Community members often serve as exit liquidity for these early whales
  </Card>

  <Card title="Price Manipulation" icon="chart-line-down">
    Large holders coordinate dumps, creating artificial volatility
  </Card>

  <Card title="Short-term Focus" icon="hourglass-half">
    Incentivizes quick flipping rather than long-term ecosystem building
  </Card>
</CardGroup>

### Building a Better System

The ecosystem round addresses these fundamental issues by creating a level playing field where all participants have equal access based on their on-chain profile.

<CardGroup cols={2}>
  <Card title="Fair distribution" icon="scale-balanced">
    Everyone gets an equal opportunity based on their tier
  </Card>

  <Card title="No sniping" icon="shield-check">
    Pre-deposit vault eliminates launch-day chaos
  </Card>

  <Card title="Best price" icon="tag">
    Secure your allocation at the lowest possible price
  </Card>

  <Card title="Verified access" icon="user-check">
    Only approved participants can join
  </Card>
</CardGroup>

For \$HOOP launch, we're utilizing Meteora's Alpha Vault system - a whitelisted pre-launch mechanism that ensures fair distribution at a fixed price.

Each whitelisted wallet receives a maximum allocation limit based on their tier, allowing them to purchase \$HOOP tokens at the fixed launch price before public trading begins.

This creates a more equitable distribution where genuine community members and ecosystem contributors can secure their tokens without competing against automated systems or whale wallets.

<Note>
  Our ecosystem round is designed to ensure that those who genuinely contribute to the Web3 ecosystem are the primary beneficiaries of the token launch.
</Note>

## Step-by-step guide

<Steps>
  <Step title="Apply for early access" icon="clipboard-check">
    * Get approved and assigned a tier based on your participation
    * Your tier level determines your maximum deposit limit
    * Higher tiers allow for larger maximum deposits
  </Step>

  <Step title="Deposit USDC in the vault" icon="vault">
    * Deposit any amount up to your tier's maximum limit
    * No minimum deposit required
    * All deposits are held securely in the vault
  </Step>

  <Step title="Vault closes & refunds happen" icon="money-bill-transfer">
    * Any deposits above the total cap are automatically refunded
    * All participants receive a proportional allocation based on their deposit
    * Refunds are processed immediately after vault closure
  </Step>

  <Step title="Claim your $HOOP" icon="money-bill-wave">
    * Tokens are claimable when trading begins
    * Check the Alpha Vault for your \$HOOP allocation
    * Start trading your \$HOOP
  </Step>
</Steps>

<Warning>
  **Important**: The Alpha Vault is the only way to get \$HOOP at launch price. There will be no public sale or alternative allocation methods.
</Warning>