> ## Documentation Index
> Fetch the complete documentation index at: https://docs.star.fun/llms.txt
> Use this file to discover all available pages before exploring further.

# Presales

<video src="https://mintcdn.com/star-a73a9f07/KEGQ_g3yY3FV4IZP/assets/bg_video.mp4?fit=max&auto=format&n=KEGQ_g3yY3FV4IZP&q=85&s=96223155d2e4335abb180b41ccaa4a5b" autoPlay loop muted className="page-video-300" data-path="assets/bg_video.mp4" />

**Status: Available on request.** [Book a call](https://cal.com/adam-bergeman/founder-call) to configure one. CLI support is in development.

A presale is a fixed-price round for participants that you select: your waitlist, your users, your community. The presale and the [curve](/founders/fundraising) are two separate mechanisms. A round uses one or the other, not both.

The curve gives speed and immediate liquidity. The presale gives certainty: one price, a set window, a minimum target.

## Mechanics

| Parameter | Behavior |
| - | - |
| Price | Fixed. The same for each participant |
| Window | A set deposit period, usually 5 days |
| Minimum target | If the target is not met, all deposits are refunded automatically |
| Oversubscription | Excess deposits are refunded pro rata |
| Lock periods | Configurable for each allocation tier |
| Token supply | Fixed at 1,000,000,000 |

Participants deposit USDC during the window. Funds are held until launch. After a successful launch, participants claim their tokens.

## Pre-commit campaigns

You can open a pre-commit campaign before the round. Participants commit early and receive a **boost of allocation**: a larger share of the round. You go live with known demand.

## Parameters you set

| Parameter | What it sets |
| - | - |
| Minimum raise | The floor. Below it, all participants are refunded |
| Treasury allowance | Your operating budget, transferred on a schedule after the raise |
| Public allocation % | The share of supply sold. A smaller share sets a higher starting FDV |
| Liquidity allocation | A part of the raised USDC, reserved for post-launch trading liquidity |
| Team performance package | Team tokens that unlock at market-cap milestones |


This documentation is built and hosted on [Mintlify](https://mintlify.com), a developer documentation platform.