# LGE for Investors

### Overview

An LGE works differently from a normal token presale.

Participants do not receive loose presale tokens before launch. Instead, they receive vested claims tied to the liquidity created by the event.

Key points:

* Funds go into liquidity formation
* Claims unlock over time
* Claimed LP does not create a standard presale dump path
* Projects that commit more supply to the event usually show stronger alignment

For the core model, see [Presale Launch (LGE)](/smartdefi-tm-platform/token-launchpad/presale-launch.md).

### 1. Find presales

<figure><img src="/files/drtz2crc0w8YtzWgMYY4" alt=""><figcaption></figcaption></figure>

Open the **Presale** tab on [FEGex.com](https://fegex.com).

You will see four categories:

* **Live**
* **Upcoming**
* **Completed**
* **Failed**

To join an active event, open **Live** and select **Open LGE** on the project you want to review.

#### Study the presale carefully

Two settings deserve extra attention:

* **Supply for LP**
* **Dev share**

Higher supply committed to LP usually means better alignment. A larger dev share means more of the vested LP goes to the project owner instead of participants.

<details>

<summary>Detailed explanation of the main LGE fields</summary>

### **Timeline**

Start time\
\- The exact date and time the presale opens.

End time\
\- The date and time the presale ends, unless hardcap is reached first.

Duration\
\- How long the event stays open.

Vesting\
\- Shows how much unlocks per claim interval. Example: **20% every 30 days** means five claim windows.

Price after presale\
\- The token price at launch once the LGE finishes.

### Presale details

Supply for LP >>very important<<\
\- The percentage of total supply committed to the event. Lower values mean the owner kept more supply outside the LGE.

Hard cap\
\- The maximum amount the project aims to raise.

Soft cap\
\- The minimum amount needed for a successful launch.

Max buy\
\- The maximum each wallet can contribute.

Dev share >>very important<<\
\- A percentage of vested LP allocated to the developer. A high dev share reduces the LP value left for participants.

### LP distribution

BNB pair\
\- The share allocated to the SD/BNB or SD/ETH pool.

FEG pair\
\- The share allocated to the SD/FEG pool.

Backing\
\- The share sent to asset-backing at the end of the event.

### LP on hard cap

BNB pair LP\
\- The final SD/BNB or SD/ETH liquidity if hardcap is reached.

FEG pair LP\
\- The final SD/FEG liquidity if hardcap is reached.

Backing\
\- The exact amount sent to backing if hardcap is reached.

### LP on soft cap

BNB pair LP\
\- The SD/BNB or SD/ETH liquidity if the event closes at softcap.

FEG pair LP\
\- The SD/FEG liquidity if the event closes at softcap.

Backing\
\- The exact amount sent to backing if the event closes at softcap.

### Raised

Live count of invested funds which updates as soon as someone invests in the presale.\
\- Example: `26 / 100` means **26 BNB raised** out of a **100 BNB hardcap**.

</details>

### 2. Enter a presale

<figure><img src="/files/pSL6bTxdBlvCTyHzbA1z" alt=""><figcaption></figcaption></figure>

To participate:

1. Open the LGE page
2. Click **Select**
3. Choose the asset you want to use
4. Enter the amount
5. Click **Enter presale**

The interface can usually convert supported assets such as USDT or FEG into the fundraising asset automatically.

### 3. Exit before the end

<figure><img src="/files/ubecfACT0Uh7vrd6yW6z" alt=""><figcaption></figcaption></figure>

Before the event ends, you can exit and recover your contribution.

Open the details view and use **Exit presale**. Funds return as **wBNB** even if you entered with another asset.

If you exit and then re-enter, you can only do that once more.

{% hint style="success" %}
You can exit a presale whenever you wish, up until the moment the presale ends
{% endhint %}

### 4. Claim funds after the presale ends

The claim flow depends on how the event ends.

#### Presale ended at hardcap

<figure><img src="/files/XQusIaqykUWW6k4hW7PH" alt=""><figcaption></figcaption></figure>

If hardcap is reached, the event closes immediately.

After that:

1. Open the presale in **Completed**
2. Use **Enable shares**
3. Use **Claim shares**
4. Enter `100` to claim the full unlocked portion

On claim:

* From the **SD/BNB** side, SD is burned and you receive the paired BNB plus the related backing value
* From the **SD/FEG** side, SD is burned and you receive the related backing value plus the paired FEG

{% hint style="warning" %}
SmartDeFi™ works best with backing assets that use **18 decimals**.

If a project uses a backing asset with fewer than **15 decimals**, LGE participants may not receive the asset-backing portion during claim events. Liquidity portions still claim normally.
{% endhint %}

{% hint style="success" %}
Even after vesting has fully ended, claims still have a hardcoded **24-hour cooldown** between transactions.
{% endhint %}

#### Presale ended at softcap

<figure><img src="/files/vYL9JzGr14UzQuAbES7P" alt=""><figcaption></figcaption></figure>

If time expires and softcap is met:

1. Open the details view
2. Click **Force end presale**
3. Enable shares
4. Claim unlocked shares on the vesting schedule

#### Failed presale

<figure><img src="/files/drQaYIqwb7Yhsh2HJN7u" alt=""><figcaption></figcaption></figure>

If the event ends below softcap:

1. Open the failed presale
2. Click **Abort presale**
3. Click **Exit presale**

Your funds return as **wBNB**.

#### Lock LP

<figure><img src="/files/yNgEkL4MYwPqVkSvmBWE" alt=""><figcaption></figcaption></figure>

Some users may prefer to lock LP instead of claiming it immediately.

For example, a project owner can lock the dev share to show stronger liquidity commitment.

### 5. Rewards for investors

#### Increasing your initial BNB via trades

LGE participants effectively gain exposure to the liquidity pool created by the event.

If trading volume grows after launch, the value composition of your share can change. More buying activity can increase the BNB side held by LP providers.

#### Bonus rewards via liquidity taxes

DEX pools also earn swap fees.

Those fees are shared among LP providers based on their share of the pool. The exact amount depends on trading volume and the exchange fee structure.


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