> For the complete documentation index, see [llms.txt](https://docs.laso.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.laso.finance/laso-finance-metadao/token-supply-and-launch.md).

# Token Supply and Launch

## Raise

<figure><img src="/files/wMYvdHiPqoZuiKRaws1Z" alt=""><figcaption></figcaption></figure>

* Minimum Raise: $750k
* Monthly Allowance: $50k
* Commit Asset: USDC on Solana

## Token Supply

* 10M - ICO tokens (25%)
* 2.9M - Liquidity provision (7.25%)
* 27.1M - Team tokens, unlocked via performance (67.75%)

## Team Allocation

Most projects follow a time-based vesting schedule that can encourage "resting and vesting". Instead, Laso uses MetaDAO's tested [performance-based mechanism](https://docs.metadao.fi/benefits/founders):

* Team tokens unlock in five tranches of 20% each.
* Each tranche is unlocked when LASO token price is double of previous tranche based on a 3-month TWAP.
* First tranche can only unlock 24 months post-TGE.

### Example

The following statements are not projections or expectations. They in no way constitute guidance for performance.

1. LASO launches at $0.075 per token.
2. 10 months later, LASO hits $0.15 per token. No unlock, because < 18 months.
3. Price maintains \~$0.15 per token for the next eight months.
4. 18 months post-TGE is hit. 20% of team's allocation of 67.75% (13.55%) unlocks to team.

Those tokens are now delivered to the team without vesting. To continue the example:

5. Two months later (20 mo post-TGE), a single-day spike doubles the price again, to $0.30 per token.
6. One month later (21 mo post-TGE), price returns to $0.18 per token. No unlock, because price did not maintain the 3-month TWAP.
7. Price returns to $0.30 per token, and maintains that price for 3 months.
8. 3-month TWAP is recognized. The second tranche of team allocation of 13.55% is unlocked and delivered to the team.

By incorporating a time and performance based component to compensation, MetaDAO eliminates specific negative behaviors that have plagued token launches of the past.


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