# Fixed Price Mode

{% hint style="success" %}
TL;DR:

* Fixed Price Mode allows participants to acquire allocation in a token launch at a pre-determined price and valuation. 
* To earn allocation in the Community Round of a particular Fixed Price Launch, you can either be whitelisted by the project or use Gacha to join the allocation lottery. 
  {% endhint %}

## Introduction to Fixed Price Mode

Fixed Price Launches allow participants to acquire tokens at a pre-determined price and valuation. 

### Community Round

#### Phase 1 — Community GTD (Guaranteed Allocation) 

This phase offers guaranteed allocation to eligible contributors via:

* **Gacha Lottery Participation**: Users holding gRAMEN may use their Gacha to participate in the Gacha Lottery of their desired token launch; winners of allocation tickets will gain eligibility to contribute during the Community GTD phase. Each unique wallet can win a maximum of 10 allocation tickets.
* **Whitelisted Addresses**: Projects may whitelist specific wallet addresses based on criteria such as NFT ownership or community engagement.

This phase typically runs for **4 hours**, during which all eligible participants may contribute up to their allocated amount.

#### Phase 2 — Community FCFS

Any unfilled allocation from the Community GTD phase will be made available in the Community FCFS phase.

* Eligible participants include all whitelisted users and Gacha participants who did not win allocation tickets.
* Eligible participants may contribute up to 5x the allocation cap of one allocation ticket in the Community GTD round.
* This phase typically lasts 1 hour.

### Public Round

The Public Round introduces an open and ungated opportunity for broader participation — no whitelist or allocation tickets required. It is available as an optional phase at the discretion of the launching project.

Projects can configure the following parameters:

* Total token allocation available for the Public Round
* Contribution caps per unique wallet
* Token price (launches may set a discounted token price for the Community Round and a full token price for the Public Round)

If this phase is enabled, any unfilled allocation from the Community Round will automatically roll over into the Public Round, ensuring maximum participation.


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