> For the complete documentation index, see [llms.txt](https://docs.fairlaunch.gg/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.fairlaunch.gg/how-fairlaunch-works.md).

# How Fairlaunch Works

Our protocol is designed to **remove speed, wealth, and insider access from the equation**, giving every participant a fair shot at allocation. Here’s how it works from start to finish:

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#### **Step 1 – Open Buy Window**

* No pre-registration required.
* When a launch goes live, participants can submit buy orders using **SOL** or **stablecoins**.
* The buy window stays open for a fixed duration (e.g., 15–30 minutes).
* No rush, no gas wars — everyone has time to participate.

**Benefit:** Removes the advantage of bots and high-speed traders.

***

#### **Step 2 – Stored Orders**

* All buy orders are **collected and stored on-chain** without immediate execution.
* Orders are **timestamped** but **cannot be front-run**.

**Benefit:** Eliminates the speed race and prevents manipulation through order sniping.

***

#### **Step 3 – Random Selection**

* At the close of the buy window, **VRF (Verifiable Random Function)** randomly selects orders until the allocation cap is reached.
* Every participant has an **equal mathematical probability** of selection.

**Benefit:** Fully transparent and provably fair allocation process.

***

#### **Step 4 – Automatic Refunds**

* If an order is not selected, funds are **automatically refunded instantly**.
* No waiting periods, no hidden fees, no manual intervention.

**Benefit:** Maintains user trust and liquidity without frustrating delays.

***

#### **Step 5 – Delayed Token Claims**

* Selected participants claim their tokens after an **optional cooldown** (e.g., 10 minutes).
* Helps reduce instant dumping and supports price stability.

**Benefit:** Protects both the project and its community from post-launch volatility.