> For the complete documentation index, see [llms.txt](https://docs.calyx.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.calyx.xyz/start-a-token-sale/launch-on-calyx/sale-types.md).

# Sale Types

## 🎯 Sale Types

Calyx supports two sale types at launch, giving founders flexibility while keeping mechanics simple and transparent.

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### 💵 Fixed Price

* Participants buy at a posted price until the cap or deadline is reached.
* Works best for straightforward raises with clear valuation.
* Optional features: per-wallet caps, allowlists, discount phases.

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### 📊 Price Discovery

* Participants deposit during a set window.
* Final allocation is calculated at close, distributed pro-rata.
* Ensures fair distribution when demand is uncertain.

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➡️ More sale types (bonding curves, multi-phase sales) are on the roadmap.