> ## Documentation Index > Fetch the complete documentation index at: https://blank.build/docs/llms.txt > Use this file to discover all available pages before exploring further. # Pre-Raise > How a Pre-Raise (presale) works on Blank: contributors commit SOL before trading opens, the raise either funds a permanently locked Meteora DAMM v2 pool or refunds everyone, with caps, timing, and creator buy-in explained. # Pre-Raise A Pre-Raise is a pre-launch fundraise. Contributors commit SOL **before** trading opens. If the raise meets its minimum by the deadline, the raised SOL seeds a live trading pool and contributors claim their tokens. If it misses the minimum, every contributor can refund and the token is never listed for trading. Participants see this as a token's **presale**. ## How it works A Pre-Raise has exactly one of two outcomes: * **Funded** — the raise reaches its minimum by the deadline. Blank completes the sale, seeds a Meteora DAMM v2 pool with **all** raised SOL plus the pool token allocation, permanently locks the liquidity, burns any remainder, and marks the token live. Contributors then claim their tokens and trading is open. * **Missed** — the raise closes below its minimum. Blank enables refunds, never creates a pool, and keeps the token out of discovery and trading. Contributors refund their SOL. A missed raise cannot erase the on-chain mint. "Not listed" means no Blank discovery listing, no trading widget, no launch broadcast, and no pool created by Blank — not that the mint disappears. ## Token split Every Pre-Raise token has a fixed total supply of **1,000,000,000** and divides it into three buckets that must sum to 100%: | Bucket | What it does | | -------- | ------------------------------------------------------------------- | | **Sale** | Tokens sold to contributors and claimed after a funded raise. | | **Pool** | Tokens paired with the raised SOL to seed the locked trading pool. | | **Burn** | Any remainder, burned at settlement so it never enters circulation. | Rules: * Pool allocation is at least **25%** of supply. * Sale allocation is at most **75%** of supply on the default path. * **All** raised SOL goes into launch liquidity — there is no treasury cut and no free team allocation. Any creator participation is purchased through the sale at the same price as everyone else. The split sets the gap between the price contributors pay and the price the pool opens at. The open multiple equals `sale% ÷ pool%`: | Split (Sale / Pool / Burn) | Entry FDV (at 100 SOL) | Launch FDV | Open multiple | | -------------------------- | ---------------------: | ---------: | ------------: | | 75 / 25 / 0 | 133.3 SOL | 400 SOL | 3x | | 50 / 50 / 0 | 200 SOL | 200 SOL | 1x | | 70 / 25 / 5 | 142.9 SOL | 400 SOL | 2.8x | ## Caps and timing A creator sets the bounds when configuring the raise. On mainnet these are validated against the following limits: | Setting | Rule | | ------------------- | --------------------------------------------------------------- | | Minimum raise | At least 1 SOL — the floor that must be reached to launch. | | Maximum raise (cap) | Up to 10,000 SOL — contributions are first-come, first-served. | | Per-wallet cap | At least 1 SOL — the most a single public wallet can add. | | Sale duration | At least 120 seconds before the deadline. | | Early access | Optional window where only allow-listed wallets can contribute. | After the deadline passes — or the moment the maximum cap is reached — settlement runs automatically. Contributors do not need to do anything to trigger it. ## Creator buy-in A creator can optionally commit their own SOL to the raise: * It is **purchased**, not granted — the creator buys in through the same sale at the same discovered price as every contributor. * It uses a **separate cap** from the public per-wallet cap and is disclosed on the presale page. * It must be added during setup, **before** the sale opens to the public. * It counts toward the raised total and the minimum. * If the raise misses its minimum, the creator's commitment refunds through the same path as any other contribution. Creator wallets cannot buy into their own presale as public contributors once it is open — creator SOL is added only during setup. ## For participants Open the token's presale page and connect a Solana wallet. While the presale is open, add SOL up to your per-wallet cap. You can contribute more than once until you reach the cap. The page shows SOL raised against the cap, whether the minimum is met, the deadline, and your own position — all updating live. If the raise funds, claim your tokens and trade on the live pool. If it misses the minimum, refund your full contribution. ## Status reference The presale page moves through these states: | Status | What it means | | -------------------------- | ------------------------------------------------------------------ | | Waiting for creator buy-in | The creator is adding committed SOL before the sale opens. | | Presale open | Eligible wallets can contribute SOL. | | Trading is starting | The minimum was reached; Blank is opening the pool and locking it. | | Trading live | The pool is live and contributors can claim their tokens. | | Refunds open | The raise missed its minimum; contributors can refund their SOL. | | Presale failed | The raise closed below the minimum and was not launched. | ## What to know * Pre-Raise is built on Meteora Presale Vault (first-come, first-served) for the sale escrow and on Meteora DAMM v2 for the launch pool. * Creating a Pre-Raise costs Solana network fees plus one-time account rent for the mint and escrow accounts. * Only wallets that contributed can claim (after a funded raise) or refund (after a missed raise). See open and recently settled Pre-Raise tokens, or start one from the launch flow.