> For the complete documentation index, see [llms.txt](https://docs.astro.meme/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.astro.meme/protocol/refunds-and-finalization.md).

# Refunds and Finalization

Fair Mint separates the fundraising stage from the market stage. Refunds are available only before a launch is finalized.

## Refund before finalization

A participant can return one or more mint shares before finalization:

1. The participant requests a refund from the token page.
2. The corresponding meme tokens are burned.
3. The contract returns **0.1 OKB per refunded share**.
4. The launch progress and amount raised decrease accordingly.

The participant pays network gas. The contract returns the complete 0.1 OKB mint payment for each eligible refunded share.

Tokens must remain available in the wallet for the contract to burn them. Transferring or otherwise making the required balance unavailable can prevent a refund.

## Successful finalization

A launch succeeds when it completes the selected configuration:

* **80 OKB Mode:** 800 shares within 24 hours.
* **800 OKB Mode:** 8,000 shares within 72 hours.

At finalization:

* Minting closes.
* Fair Mint refunds close.
* The reserved 200,000,000 tokens are committed to liquidity.
* An OKB launch commits the full raised OKB to liquidity.
* An RWA launch converts the raised OKB into the selected RWA asset and commits the acquired tokens to liquidity.
* The liquidity position is locked under the protocol rules.
* The token moves to market trading.

## If the target is not reached

If the selected mint window ends before every share is minted, the launch does not finalize or create the market liquidity position. Participants can return their mint allocation and recover the corresponding OKB, excluding gas.

Because the intended production RWA flow performs the OKB-to-RWA conversion at successful finalization, a failed launch does not need to create an RWA liquidity position.

## After finalization

The Fair Mint refund is no longer available. Users who want to exit must sell through available market liquidity and accept the current market price, the 1% fee charged on every swap, any disclosed token tax, gas and slippage.


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