The Standard Reserve Concludes Genesis Charters Mint, Raising 583.6 ETH

The Standard Reserve, a project positioning itself as a central bank on a sovereign chain, has completed its Genesis Charters minting process, raising a total of 583.6 ETH, approximately $1.47 million. The whitelist mint price was set at 0.15 ETH, while public auction prices primarily ranged between 1.23 and 1.25 ETH. All proceeds are allocated to initial liquidity and the protocol treasury, with no team share. According to GMGN, the STANDARD token market capitalization reached $18.38 million and currently stands at $17.06 million. A temporary anti-sniper tax was implemented for the first hour of trading, starting at 90% and decaying exponentially, with most of the reduction occurring within the first five minutes; standard trading fees will resume thereafter.