# How Does It Work?

1. **Explore Upcoming Sales**\
   Browse through a list of upcoming token sales. Each listing provides you with all the details you need, including the project's goals, token metrics, and the terms of the sale.
2. **Community Vote** \
   Launchpad protocols must first be approved through the community voting platform.
3. **Project Research** \
   After approval, protocols will provide more key details about their token including the project goals, token metrics, and the terms of the sale. 
4. **Obtain Whitelist NFT/Stake INJ**\
   Depending on the project, unique NFTs or staking INJ in its validator pool will be necessary for participation in its launchpad. 
5. **Deposit INJ**\
   After obtaining a whitelist, users must deposit INJ within the specified deposit window on the Mito launchpad page. 
6. **Receive 50/50 Distribution**

   Once the sale is complete, participants will receive an allocation in the following structure:

   50% in Project Tokens: Half of your allocation will be the tokens of the launchpad project.

   50% in Vault Tokens: Half of your allocation will be in Mito Vault Liquidity Provider tokens, representing a stake in a market-making vault that supports the project's trading activity. There are no lock-ups or fees on this allocation.

**Note:** if the project does not manage to raise a set minimum amount as designated on its launchpad page, participants will receive a 100% refund on their deposited tokens.