> For the complete documentation index, see [llms.txt](https://basedinc.gitbook.io/basedbid/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://basedinc.gitbook.io/basedbid/explainers/lbp-and-pre-market-pages.md).

# LBP & Pre-Market Pages

Follow a launch’s progress, review its token allocations and fees, and participate through its <mark style="color:$primary;">**LBP or Pre-Market page.**</mark> The controls shown depend on the launch type and whether it has listed on a DEX

<details>

<summary><strong>Token Overview</strong></summary>

At the top of the page, you’ll find:

* **Name, Symbol and Network:** Identify the token and the blockchain it uses
* **Token Address:** <mark style="color:$primary;">**Copy the address**</mark> to check you’re viewing the correct token
* **Watchlist:** <mark style="color:$primary;">**Save the launch using the star beside its symbol**</mark>
* **Market Cap, Price, 24H Change and Volume:** View the displayed market figures

{% hint style="info" %}
Market cap and trading volume are not the same as the amount raised. For a Pre-Market, check its funding progress and final sale-price information separately
{% endhint %}

<div data-with-frame="true"><figure><img src="https://3527517113-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FY8k5Pri8O9lw2SMUjS2v%2Fuploads%2F4EwSQ2TwKTqZttRwLrKJ%2Ftop.png?alt=media&amp;token=31764829-1ed0-4c7a-a4a8-82f38b8e4905" alt=""><figcaption></figcaption></figure></div>

</details>

<details>

<summary>Launch Progress</summary>

#### <mark style="color:yellow;">LBP:</mark>

* **Current:** The token’s current market cap
* **Target:** The market cap required to <mark style="color:$primary;">**graduate to the selected DEX**</mark>
* **Progress:** Shows how far the LBP has progressed towards graduation

The token trades on a <mark style="color:$primary;">**bonding curve until it reaches its graduation target.**</mark> After graduation, the page shows <mark style="color:$primary;">**Launched**</mark> and provides a link to trade on <mark style="color:$primary;">**basedtrade**</mark>

<div data-with-frame="true"><figure><img src="https://3527517113-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FY8k5Pri8O9lw2SMUjS2v%2Fuploads%2Fc81aPOSS6BKZDoeOLOqq%2Flbp%20launch.png?alt=media&amp;token=c087f602-12bc-47b5-ab4b-88b302940cfb" alt=""><figcaption></figcaption></figure></div>

***

#### <mark style="color:yellow;">Pre-Market:</mark>

* **Ends In:** The time remaining until the sale closes
* **Raised:** Contributions collected so far
* **Goal:** The minimum funding required for a <mark style="color:$primary;">**successful sale**</mark>
* **Target:** The maximum funding target, where configured
* **Progress Bar:** Follow the sale’s progress towards its target

{% hint style="info" %}
When the hard cap is reached, the owner must finalise the Pre-Market to launch on the DEX. This does not happen automatically
{% endhint %}

<div data-with-frame="true"><figure><img src="https://3527517113-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FY8k5Pri8O9lw2SMUjS2v%2Fuploads%2FpzStZasw300Z7Xqyn7de%2Fside.png?alt=media&amp;token=fcd28e2d-16d2-4daf-ac48-209b22ce8c24" alt=""><figcaption></figcaption></figure></div>

</details>

<details>

<summary><strong>Trading &#x26; Participating</strong></summary>

#### <mark style="color:yellow;">Trading During an LBP</mark>

* **Buy / Sell:** Choose whether to buy tokens with the paired asset or sell tokens back into it
* **Pay / Sell:** Enter the amount you want to trade. Your available balance appears above the field
* **MAX:** Fill in the available maximum amount
* **Receive:** Check the estimated amount you will receive
* **Slippage:** Set how much price movement you will accept while the transaction processes
* Connect your wallet, review the amounts and follow the wallet confirmation prompts

*<mark style="color:$primary;">Example: To buy a token paired with SOL, enter the SOL amount you want to spend. Select Sell to enter a token amount and see the estimated SOL received</mark>*

<div data-with-frame="true"><figure><img src="https://3527517113-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FY8k5Pri8O9lw2SMUjS2v%2Fuploads%2F92rzz9ss9CMNhFoYredy%2Fside%20lbp.png?alt=media&amp;token=9620798f-002d-4658-a741-ca2b38f5d552" alt=""><figcaption></figcaption></figure></div>

***

#### <mark style="color:yellow;">Participating in a Pre-Market</mark>

* Connect your wallet and check the required **quote asset**, such as ETH
* Enter your contribution in the **Pay** field. Your available balance appears above it
* Check the sale’s access rules and contribution limits
* Review the amount, then follow the purchase and wallet confirmation prompts

Below the contribution panel:

* **Average Contribution:** The average contribution recorded for the sale
* **Total Contribution:** The combined contributions recorded for the sale, **not just your wallet’s contribution**

*<mark style="color:$primary;">Pre-Market contributions use one final sale price for every buyer. Check the Info tab for the displayed price range and allocation details</mark>*

<div data-with-frame="true"><figure><img src="https://3527517113-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FY8k5Pri8O9lw2SMUjS2v%2Fuploads%2FGhsUPqXd7ByTUn3p2soj%2Fside.png?alt=media&amp;token=124caf4c-0985-4691-b948-449469ce87a6" alt=""><figcaption></figcaption></figure></div>

</details>

<details>

<summary><strong>Activity &#x26; Launch Details</strong></summary>

Use the <mark style="color:$primary;">**tabs below the chart**</mark> to explore trading activity, launch terms, fee allocations and token holders. Available tabs depend on the launch and its configuration

#### <mark style="color:yellow;">Trades</mark>

View recorded <mark style="color:$primary;">**buys and sells,**</mark> including the time, value, asset amounts and participating wallet

<div data-with-frame="true"><figure><img src="https://3527517113-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FY8k5Pri8O9lw2SMUjS2v%2Fuploads%2FHHwGSkvIL6px6NdBK5fD%2Ftrades.png?alt=media&amp;token=ace0e8e6-ae64-4642-b3ea-8d38e28ff447" alt=""><figcaption></figcaption></figure></div>

***

#### <mark style="color:yellow;">Info</mark>

Review the launch’s <mark style="color:$primary;">**schedule, tokenomics and fees**</mark>

* **For an LBP:** Check opening and closing times, Market Hours, total supply, <mark style="color:$primary;">**graduation requirements,**</mark> starting price, creator’s initial buy, buy/sell fees and the listing fee
* **For a Pre-Market:** Check <mark style="color:$primary;">**minimum and maximum funding goals,**</mark> the final sale-price range, buyer and creator allocations, opening liquidity, creator proceeds and the sale schedule. Allocation details also show whether tokens <mark style="color:$primary;">**transfer or vest after listing**</mark>

{% hint style="info" %}
Pre-Market buyers pay one final sale price
{% endhint %}

<div data-with-frame="true"><figure><img src="https://3527517113-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FY8k5Pri8O9lw2SMUjS2v%2Fuploads%2FJQXKU12Y7dxCG1306zHy%2Finfo.png?alt=media&amp;token=86865731-9bd1-4036-8b29-ce953000ad71" alt=""><figcaption></figcaption></figure></div>

***

#### <mark style="color:yellow;">Thread</mark>

Read the project’s community discussion and <mark style="color:$primary;">**description**</mark>

<div data-with-frame="true"><figure><img src="https://3527517113-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FY8k5Pri8O9lw2SMUjS2v%2Fuploads%2F1DtLGDwVvw7XGeaFOhLh%2Fthread.png?alt=media&amp;token=b811a343-4da3-48b0-930a-0b0b3642bec1" alt=""><figcaption></figcaption></figure></div>

***

#### <mark style="color:yellow;">Fee Builder</mark>

See <mark style="color:$primary;">**where trading fees go**</mark> and what has actually been paid out

* **Total Fee:** The total configured Fee Builder percentage
* **Fee Routes:** Each route’s allocation, receiving wallet and payout asset, where displayed
* **Rewards:** Inspect the <mark style="color:$primary;">**holder reward route or Rewards Basket,**</mark> where configured
* **Payouts:** Check the distribution trigger, last payout, <mark style="color:$primary;">**total paid**</mark> and completed distributions

{% hint style="info" %}
LBP buy and sell fees are shown separately under Info. The Fee Builder percentage is not the total cost of trading during the sale
{% endhint %}

<p align="center"><a href="/basedbid/explainers/launch-explainers/fee-builder.md" class="button primary" data-icon="fire">I Need More Info on the Fee Builder</a></p>

<div data-with-frame="true"><figure><img src="https://3527517113-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FY8k5Pri8O9lw2SMUjS2v%2Fuploads%2F3K0oAdqwpjoRZewqLMdO%2Ffee%20builder.png?alt=media&amp;token=ff69de46-649c-4168-aaeb-18ee5efaed73" alt=""><figcaption></figcaption></figure></div>

***

#### <mark style="color:yellow;">Holders</mark>

View listed wallets, their token amounts and <mark style="color:$primary;">**percentage of total supply.**</mark> For a Pre-Market, also check <mark style="color:$primary;">**Info**</mark> for allocation details and <mark style="color:$primary;">**Locks**</mark> for scheduled releases

<div data-with-frame="true"><figure><img src="https://3527517113-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FY8k5Pri8O9lw2SMUjS2v%2Fuploads%2F0ZBDdYthVlxFMRHRmoPx%2Fholders.png?alt=media&amp;token=4ea5210a-bc44-4215-aa9b-c86f2fee3db0" alt=""><figcaption></figcaption></figure></div>

***

#### <mark style="color:yellow;">Locks & Vesting</mark>

Inspect <mark style="color:$primary;">**locked supply and upcoming releases,**</mark> where available

* **Recipient and Allocation:** The receiving wallet, allocation label, token amount and percentage of total supply
* **Unlock Progress:** How much of the scheduled allocation has unlocked
* **At Listing:** How much becomes available when the token lists on the DEX
* **First Release and Frequency:** When releases begin and how often further instalments unlock
* **Next Unlock / Fully Released:** The next release and when the schedule finishes

<div data-with-frame="true"><figure><img src="https://3527517113-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FY8k5Pri8O9lw2SMUjS2v%2Fuploads%2F8lttwS2ipLPABUnXunim%2Flocks.png?alt=media&amp;token=0bbcb8fa-c727-44da-80e0-8bf4adf2940d" alt=""><figcaption></figcaption></figure></div>

</details>