🤝What is Refundable Presale?

It is similar to regular presales but with built-in downside protection for your investment.

During the Presale Stage, users can deposit and withdraw SOL freely. If the target is reached, they receive tokens proportional to their deposit before the Raydium launch.

Happy case: if the token price 4x within 12 hours, presale participants receive the full deposit back

Sad case: if the token price does not hit 4x within 12 hours, presale participants are partially refunded at a minimum of (100 - Percentage of Presale tokens)% of their initial deposit, minus a refunding fee. For more info, refer to Lifecycle of a Token Launch.

Example

If you invest 1 SOL into a project with a fundraising target of 10 SOL and 20% of tokens allocated for the presale , here’s how it works:

• Once the fundraising goal is hit, you’ll receive 1B * 20% * (1 SOL / 10 SOL) = 20M tokens.

• If the price 4x within 12 hours, you’ll get your full 1 SOL back.

• If price does not 4x within 12 hours, you’ll receive 0.8 SOL (reflecting a 20% cap on downside), minus a refunding fee.