TREE NEWS update: The Standard Reserve minted all 1,000 Genesis Charters on Sept. 15, raising 583.594968887 ETH — about $1.47 million — with 601 sold to whitelist users at 0.15 ETH and 399 in a Dutch auction that cleared mostly between 1.23 and 1.25 ETH. The experimental on-chain protocol says 100% of mint proceeds go to initial liquidity and the treasury, with no team allocation. STANDARD’s market cap briefly hit $44 million before rebounding to about $50 million.
The Standard Reserve Sells Out 1,000 Genesis Charters for 583.6 ETH
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AI take
The split between whitelist and Dutch-auction pricing is the real signal here: a roughly eightfold gap between the two tiers suggests the charter itself was treated as the scarce asset, not a uniform access pass. Routing all proceeds to liquidity and treasury with no team allocation is the structural claim worth testing, since it removes the usual insider overhang but also leaves the protocol dependent on that initial pool. Whether the auction-clearing premium holds once secondary trading of charters begins is the open question.
Generated by AI for reference only.
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