Original source: Fair3
On August 15, 2025, globally renowned YouTuber MrBeast hosted a charity live stream themed 'Providing clean drinking water to remote areas in developing countries'. During the live stream, a third-party platform launched a Meme token called '$MRBEAST', claiming that all copyright revenue generated would be donated to charity.
However, within just two hours of the token's launch, its market value once exceeded 7 million dollars, only to suffer a rug pull, causing the token price to plummet to zero, leading to substantial user asset losses.
Fairness should not just be a slogan—Fair3 officially establishes the Tech Fairness Foundation
In response to the extreme unfairness exposed by this incident, the Fair3 community officially announces the launch of the 'Tech Fairness Foundation' to take practical action against unfair events in the Web3 world and establish a community-driven 'compensation support mechanism'.
The mission of the Tech Fairness Foundation is to turn 'fairness' from an ideal into a systematic protection mechanism—ensuring that community users harmed by unfair actions such as scams, manipulation, rug pulls, and black-box operations receive the protection and compensation they deserve.
MrBeast Meme Coin Rug: The first compensation scheme is launched
As the first compensation case launched by the foundation, the Fair3 community will initiate the community proposal mechanism and airdrop compensation for the '$MRBEAST Rug' incident.
Snapshot time
August 15, 2025, at 6:45 AM (UTC+8)
Token Information
MrBeast Meme Coin: G1DXVVmqJs8Ei79QbK41dpgk2WtXSGqLtx9of7o8BAGS
Fair3 Token: 0x6952c5408b9822295ba4a7e694d0C5FfDB8fE320
Compensation eligibility requirements
Snapshot time point holds both Fair3 Token and MrBeast Meme Coin;
Bound SOL + EVM dual wallets to the CARV Play platform (for on-chain verification);
Participate in the CARV Play activity page.
Timeline arrangements
Application period: August 15 – August 20
Review period: August 20 – August 25
Airdrop distribution: complete by August 31
Compensation fund pool
Total: 100,000 FAIR3 Tokens
Each user can claim no more than 10% of the compensation pool total.
Tech Fairness Foundation: How does it work?
The Tech Fairness Foundation is not symbolically established but is equipped with a real fund pool, transparent systems, and community governance processes, striving to provide substantial support and recovery pathways for the community whenever unfairness occurs.
Compensation eligibility mechanism
When unfair events occur, users hold FAIR3 + the involved token at the same time;
The CTO team will execute on-chain snapshots for rights confirmation;
Community users can submit applications through the foundation page;
After application approval, compensation will be airdropped to the user's wallet within 7 days.
Community governance rules
Users holding ≥100,000 FAIR3 can initiate compensation proposals;
Users holding ≥5,000 FAIR3 can participate in proposal voting;
All proposals will be assisted by the foundation committee to finalize the text;
If malicious behavior or abnormal accounts are found, eligibility will be revoked.
For every Rug event recognized by the community proposal mechanism, the Tech Fairness Foundation will allocate 50,000 to 100,000 $FAIR3 from the exclusive compensation pool (contract address: 0x6952c5408b9822295ba4a7e694d0C5FfDB8fE320). This is not a charitable act, but a practice of collective justice.
Every quarter, 150,000 to 300,000 $FAIR3 will be continuously injected into the compensation pool. Eligible victims will share the compensation pool proportionally based on the amount of $FAIR3 they hold. To ensure fair distribution, the compensation received by each eligible applicant will not exceed 10% of the total compensation pool for that period.
In conclusion: We not only ensure 'technical fairness' but also 'fair trading'.
Rug pulls are not the first nor the last. But Web3 cannot become a cold harvesting ground, relying solely on the initiative of project teams.
Fair3 established the Tech Fairness Foundation to inform the community:
Here, fairness is not just a slogan, but a shield; we not only record harm but also respond; each compensation is a guardianship of Web3 values.
In the future, more support standards and participation methods will be announced gradually. Please continue to follow the official account and community of @Fair3_community, join us in creating a crypto world where fairness is no longer absent.
This article comes from a submission and does not represent the views of BlockBeats
