# LAUNCH

## INITIAL LAUNCH

One **$GEM** token will initially be minted to the developer wallet to add LP pair in Quickswap.&#x20;

An allocation of 30,000 $GEM tokens will be distributed through genesis pools which lasts for 48 hours.&#x20;

## GENESIS POOLS-  48 HOURS DURATION

Personally being investors in other tomb forks protocols we realized that there are many different investing strategies. hence, we have tried to manage expectations and find solutions that suit everyone during genesis.

As a result,  4 pools will be released in which 2 of them has 0% deposit fee but a lower weight compared to the other two pools which have a 1% deposit fee.&#x20;

The breakdown of pools and their relative weight is noted below.

| POOL  | TOTAL POOL WEIGHT | DEPOSIT FEE |
| ----- | ----------------- | ----------- |
| Matic | 10,000 GEM        | 1%          |
| USDC  | 10,000 GEM        | 1%          |
| NACHO | 5,000 GEM         | 0%          |
| ETH   | 5,000 GEM         | 0%          |

## AIRDROP&#x20;

Along with the initial mint of 1 GEM token, another 500 GEM tokens are minted for community development. These tokens will only be used and spent back on the community in various EVENTS conducted for the community development such as invite contests, meme contests etc.

Much information on airdrop will be updated based on the community opinion.

*NOTE:* no more $GEM tokens will be minted till the boardroom opens.

{% hint style="info" %}
Deposit fees will be used to do Audit and maintain peg as well as additional marketing and partnerships.
{% endhint %}
