# Launchpad SwapBased's Launchpad offers a unique and fair way for everyone to participate in token sales, with no eligibility requirements. Using a fair launch model, all participants have an equal opportunity to purchase tokens, regardless of their influence or investment size. ### SwapBased's custom Fair launch model The fair launch model provides a transparent and equal opportunity for users to obtain tokens without having to worry about typical price fluctuations associated with the token listing. The aim of this model is to ensure that all participants have an equal chance to purchase tokens before they become available on the open market {% hint style="info" %} The sale details, including hardcap, whitelist, and other specifics, are at the discretion of the project team. These details are clarified and provided before each launchpad sale through our [socials](/informational/socials.md) {% endhint %} * Regardless of the timing or amount of their investment, all participants receive tokens worth the same value as their contribution * All participants are guaranteed an equal share as long as they participate within the designated timeframe ### **How is the token price determined?** * The fair launch auction begins with a set FDV (Fully Diluted Valuation), and a minimum price for each token is established (e.g., $0.1). * Once the auction raises a predetermined amount (e.g., $1 million), the price discovery phase begins. * During the price discovery phase, the price of each token continuously increases with every purchase made.\ \ `Price = Total $ raised / sale circullating supply` --- # 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://docs.swapbased.finance/dex-related/launchpad.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.