# Token Launch and raise cycle ## Getting listed: Projects first submit [fundraise application](https://docs.google.com/forms/d/e/1FAIpQLSeGEjOg_wjLEL2RuKkhWSeWWfpz-9qRHnucoea2Lnila_jvmQ/viewform) form with all details listed in [Get listed](/gmtribe/launchpad/get-listed.md) Once you are approved by the gmtribe team, you get listed on the raise site. ## Raise start Once approved, projects can set the start date for their raise. Once the start date is fixed, project appear on the gmtribe website. Users can start buying the project token on the Start time. A raise stays open for 7 days. ## Raise end Once the 7 day raise deadline passes, platform stops taking new deposits in the pool. If the total capital committed in the pool is higher than the target raise, project team can decide how much they want to cap the raise at. Everyone gets a pro rata share of the tokens based on their committed amount. And the rest of the funds get refunded back users based on the pro rata share of their share in the commitment pool. Everyone gets the same price for the raise. If the total capital committed in the pool is lower than the target raise, the raise fails. And everyone gets refunded their committed fund. ## After a successful raise All the funds raised goes to the market governed treasury. 20% of the raise amount is deposited into gmtribe Futarchy AMM along with 2M tokens. Another 1M tokens are deposited into a UniV4 single sided position owned by DAO treasury. Token minting and spending authority moves to market governed treasury. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://gmtribe.gitbook.io/gmtribe/launchpad/token-launch-and-raise-cycle.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.