> For the complete documentation index, see [llms.txt](https://docs.lazpad.fun/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.lazpad.fun/platform-overview/premium-launch.md).

# Premium Launch

Lazpad introduces two distinct launch models to cater to different project needs:

The Premium Launch mode is tailored for high-quality projects that meet rigorous standards, including team credentials, technical expertise, and overall viability. Projects in this mode undergo thorough reviews before participating in token issuance. Premium Launch offers two funding models:

### **Hardcap Model**

* Fundraising for the agent token is capped at a fixed upper limit.
* Participation per address is also subject to a limit.
* Lazpad charges 1% fees in this model, allowing developers to maximize their fundraising potential.
* If the fundraising goal is not met, two scenarios may occur:
  1. **Proceeding with Token Trading**: The issuer may decide to proceed by injecting the tokens into Netswap for trading. In this case, participants will still receive tokens proportional to their investment, and the issuer will retain the unsold tokens after the fundraising period ends.
  2. **Termination of Fundraising and Trading**: The issuer may choose to terminate the fundraising and any subsequent trading. In this scenario, the platform will refund the full amount of each participant's investment.

### Un**capped Model**

* Fundraising for the agent token has no upper limit. Participants are free to invest any amount without restrictions, and the total contributions from all users may exceed the fundraising target.
* Lazpad charges fees based on the amount of funds raised beyond the initial target, ensuring scalability while incentivizing successful launches.
* In the event of over-subscription, Lazpad will deduct platform fees based on the excess funds raised. After fees are deducted, the remaining excess funds will be refunded to participants proportionally based on their contributions.

| **Over-Subscription Ratio** | **Participation Fee** |
| --------------------------- | --------------------- |
| > 0x & <= 1x                | 1.00%                 |
| > 1x & <= 1.5x              | 0.50%                 |
| > 1.5x & <= 2x              | 0.30%                 |
| > 2x & <= 2.5x              | 0.25%                 |
| > 2.5x & <= 5x              | 0.20%                 |
| > 5x & <= 10x               | 0.10%                 |
| > 10x                       | 0.05%                 |


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