Standard Reserve Completes Genesis Charters Minting with 583.6 ETH

Standard Reserve has raised 583.6 Ethereum (ETH) through its Genesis Charters minting, according to Foresight News, which reported the amount equates to approximately $147,000 (KRW 198 billion) on May 15. The company concluded the Genesis Charters minting on May 15. White-list minting was priced at 0.15 ETH, while most charters traded between 1.23-1.25 ETH in public auctions. Standard Reserve had previously announced it would sell remaining inventory via a Dutch auction over 30 minutes, with starting prices of 1.25 ETH and minimum bids of 0.15 ETH. All minting proceeds will be allocated to initial liquidity and the protocol treasury, with no team profit-sharing structure. Charters are designed as NFTs granting ecosystem participation rights within Standard Reserve. The project previously outlined a mechanism adjusting STANDARD supply based on Uniswap v4 ETH/STANDARD pool flows: increasing issuance during net inflows and reducing it during outflows while buying back and burning STANDARD. After minting completion, Standard Reserve will open trading for STANDARD with an initial 90% tax rate that decays exponentially over the first hour before reverting to standard fees. Concurrently, the project plans to sell 100 branch licenses payable in STANDARD via Dutch auction. According to GMGN data, STANDARD's market cap briefly reached $18.38 million (KRW 24.76 billion) immediately after minting completion before settling at $17.06 million (KRW 22.95 billion). Actual operational performance and asset management results will be confirmed through future protocol execution.