# Presale Launch (LGE)

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### Overview

LGE stands for **Liquidity Generation Event**.

Unlike a traditional token presale, SmartDeFi™ LGE is **tokenless**. Participants do not buy free-floating tokens before launch. Instead, they receive vested LP-based claims after the event completes.

### How LGE differs from a normal presale

Key differences:

* Participants buy into liquidity formation, not loose presale tokens
* Claims unlock over time through a vesting schedule
* Claimed LP does not enable direct token dumping in the usual presale style
* Developers can receive a vested LP share instead of separate early token inventory

### Why the model exists

The LGE model is designed to reduce common presale problems:

* Immediate post-launch dumping
* Large unstaged unlocks
* Weak alignment between developers and participants

By vesting LP claims, the system keeps liquidity formation and claim release structured after launch.

### Built-in liquidity design

LGE can create two liquidity paths:

* The main **SD/BNB** or **SD/ETH** pool
* A secondary **SD/FEG** pool

That second pool can create arbitrage opportunities and connect launch activity back into the wider protocol.

### Continue with the guides

* [LGE for Devs](/smartdefi-tm-platform/token-launchpad/presale-launch/lge-for-devs.md)
* [LGE for Investors](/smartdefi-tm-platform/token-launchpad/presale-launch/lge-for-investors.md)

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