> ## Documentation Index
> Fetch the complete documentation index at: https://mintlify.com/p2pdotme/docs/llms.txt
> Use this file to discover all available pages before exploring further.

# MetaDAO Sale

> Fair, community-first token distribution mechanism

The \$P2P token launches through a MetaDAO-style sale mechanism designed for fair, community-first distribution.

## Sale Mechanism

<Steps>
  <Step title="Commitment Window">
    Users commit USDC during a 4-day commitment window
  </Step>

  <Step title="Discretionary Cap">
    Founders set a discretionary cap on total raise accepted
  </Step>

  <Step title="Pro-Rata Allocation">
    If oversubscribed, allocations and refunds are distributed pro-rata
  </Step>

  <Step title="Token Distribution">
    10M tokens are distributed proportionally among all participants at launch
  </Step>

  <Step title="Liquidity Provision">
    Post-sale, the treasury provides 20% of raised USDC and 2.9M tokens to liquidity pools
  </Step>

  <Step title="Mint Authority Transfer">
    Mint authority transfers to the market-governed treasury
  </Step>
</Steps>

## Priority Access

Existing protocol users with XP receive allocations and priority access.

## Key Features

<CardGroup cols={2}>
  <Card title="No Private Rounds" icon="ban">
    No private rounds occur at TGE. The sale is the primary distribution event.
  </Card>

  <Card title="Fair Distribution" icon="balance-scale">
    Pro-rata allocation ensures fair distribution if oversubscribed
  </Card>

  <Card title="Immediate Liquidity" icon="water">
    20% of raised USDC paired with 2.9M tokens for instant DEX liquidity
  </Card>

  <Card title="Community First" icon="users">
    Existing users with XP get priority access to participate
  </Card>
</CardGroup>