# Token Sale Mechanism All token sales on SeaPump are conducted on a non-refundable basis. Participants are strongly encouraged to carefully review the terms and conditions before making any financial commitments. This policy ensures the integrity of the sale and enables efficient fund allocation for post-sale activities. ### How does it work? 1. Soft Cap: The **soft cap** is the **minimum funding threshold** required for the project to proceed. If the soft cap is not reached by the end of the token sale, all participant funds will be **fully refunded**. This guarantees that the project will only proceed if sufficient capital is raised to support development and operations. 2. Hard Cap: The **hard cap** represents the **maximum funding limit** for the token sale. Once the hard cap is reached, the sale will be closed, and no further investments will be accepted. The hard cap ensures that the project raises enough capital without exceeding the necessary funding, maintaining a balanced token supply and demand. 3. Token Generation Event (TGE): Once the token sale conclude, the TGE will take place, at which point **100% of the tokens will be generated and fully unlocked** for distribution. And funds will be allocated as follows: * 10% will be added to the liquidity pool on Cetus to ensure liquidity for trading. * 90% will be directed to the project’s development team to support ongoing efforts. --- # 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.seafi.ai/seapump/token-sale-mechanism.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.