> For the complete documentation index, see [llms.txt](https://filmfund.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://filmfund.gitbook.io/docs/tokenomics/token-sale-phases.md).

# Token Sale Phases

The $FFA token will be offered through a multi-stage sale process to ensure fair distribution and gradual market adoption. This structure is designed to reward early participants while maintaining stability during the public sale and listing phases.

### 1. Private Sale:

* **Allocation**: 75,000,000 FFA (15% of total supply).
* **Price**: $0.10 per FFA.
* **Lockup Period:** 6 months, followed by 12-month linear vesting.
* **Purpose:** To onboard strategic partners and early-stage investors.

### 2. Public Sale (ICO):

* **Allocation**: 150,000,000 FFA (30% of total supply).
* **Price**: $0.20 per FFA.
* **Vesting**: No lockup for the public sale; tokens are distributed immediately upon purchase.
* **Purpose**: Raise funds for platform development and ecosystem growth.

### 3. Exchange Listing:

* Following the public sale, the remaining tokens will be listed on select exchanges to provide liquidity and enable trading.

### Token Release Schedule and Vesting Terms:

* **Founders & Team Tokens:** 12-month cliff, followed by a 24-month linear vesting.
* **Advisor Tokens:** 6-month cliff, followed by 18-month linear vesting.
* **Private Sale Tokens:** 6-month lockup, then 12-month linear vesting.
* **Public Sale Tokens:** Immediately available upon purchase.

This phased approach ensures a gradual and responsible release of tokens, minimizing the risk of price volatility.