> For the complete documentation index, see [llms.txt](https://trappist1.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://trappist1.gitbook.io/docs/for-backers/economics-tungsten-coin/fund-raising.md).

# Fund-Raising

The token-sale is now open! Help fund the development of Trappist 1 and share in its success!

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<h2 align="center">>>>  Help a scrappy start-up bring this world to life  &#x3C;&#x3C;&#x3C;</h2>

<h2 align="center"><mark style="color:yellow;">Token sale now open!</mark></h2>

Help bring *Trappist 1* to life on the IOTA networks! [Owning Tungsten](/docs/for-backers/economics-tungsten-coin.md) can give you VIP status and a share in the game's revenue!&#x20;

Select your preferred coin to use to buy Tungsten on IOTA EVM:

<h2 align="center"><a href="https://trappist1.io/iota"><img src="https://3204619789-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FRUQDQhatQhpNRMr3gEW2%2Fuploads%2Fca0YJkzIYcYtARtVhWIR%2Fiota%20evm%20logo%20wide.png?alt=media&amp;token=46c857d1-a8a7-4a6c-9efa-6d6fced02a5c" alt="" data-size="line"></a>       <a href="https://trappist1.io/usdc"><img src="https://3204619789-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FRUQDQhatQhpNRMr3gEW2%2Fuploads%2FYzdAe0DI4XbvJsdwqKDv%2Fusdc%20logo%20wide.png?alt=media&amp;token=45d4d758-0f62-4f20-a003-6fcb0f2d2ef8" alt="" data-size="line"></a>       <a href="https://trappist1.io/usdt"><img src="https://3204619789-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FRUQDQhatQhpNRMr3gEW2%2Fuploads%2FXj5btXuubuVV59bCNFL6%2Fusdt%20logo%20wide.png?alt=media&amp;token=164379f0-f06e-432d-ac7c-423f47a45264" alt="" data-size="line"></a></h2>

<p align="center"></p>
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## **Fund-Raising Rounds**

Funding development of the game will occur in two rounds:

* **Round 1:** [NOW OPEN](https://tokenlabs.network/en/crowdfunding/mainnet_iota/0xF883Dba0F5FeA2154E8756771e177B6908F872CA); 1 billion Tungsten at $0.0005 per TNG, targeting $500,000.
* **Round 2:** November 2025; 1 billion Tungsten at $0.001 per TNG, targeting $1,000,000.

Once a Fund-raising round has opened, it will remain open until all tokens are sold at that round's price. Round one is open now! Grab a few while the price is ╤2,000 per $1.&#x20;

If there are still unsold tokens at time of public launch of the game, the remaining coins in this pool will be sold at market rates.

## Earliest Backers

While *Trappist 1* is an independent project, it could be regarded as a spiritual successor to an ill-fated project from 2021-2, called *Metasphere*; *Trappist 1's* executive producer and lead developer was a senior developer on that project. Developers went largely unpaid and financial backers received no tokens and no refunds.

So to honour those who contributed to the earliest attempts to create what has become *Trappist 1*, the Earliest Backer Reserve will do three things:

* Developers who earned but did not receive tokens in the previous project will be paid their tokens;
* Original backers will be offered a 100% bonus for any tokens they purchase in either funding round, thus doubling their allocation, if they wish to back the *Trappist 1* project; and
* The same 100% bonus will be awarded to new backers who help fund the project before going public, in recognition of their commitment before the project's demo and white-paper are fully formed.

After the two funding rounds are complete and all former developers are paid in full, any unspent reserve from this pool will be moved to the Development & Operations pool (q.v.).