MrBeast's charity live stream has triggered a meme coin rug, Fair3 announces compensation plan.

On August 15, the overseas famous KOL MrBeast, who has hundreds of millions of fans on YouTube, conducted a charity live stream on a streaming platform aimed at providing clean drinking water to remote communities in developing countries. Following this event, a meme coin of the same name was launched on a certain platform, claiming that the token's production tax would be directly donated to this charity activity. However, within two hours of the token's launch, its market capitalization surpassed 7 million USD, but the related parties rug pulled, causing the coin price to big dump and drop to zero.

In response, Fair3 announced the launch of the "Technical Fairness Foundation" plan:

• A snapshot will be taken of users holding both Fair3 Tokens and MrBeast Meme Coins before August 15, 2025, at 6:45 AM ( UTC+8. • Eligible wallet addresses will receive airdrop compensation from the Fair3 Foundation; • The airdrop details will be announced in the coming days.

The Fair3 Community Team stated: "Technology and narrative should not be a fig leaf for project parties, nor should they be a sickle for harvesting users. Fair3 will continue to promote fairness in Web3, returning to technological fairness and fairness in the blockchain economic system (commonly known as speculation)." The Fair3 Community was initiated by Wang Xin, the founder of Qvod, and his technical team, with funding and support from Ann, the founder of Unicorn Verse. It is dedicated to initiating a true decentralized movement, leveraging blockchain technology to achieve true fairness at the levels of "technology", "society", and "opportunity."