> For the complete documentation index, see [llms.txt](https://basedapp.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://basedapp.gitbook.io/docs/launchpad/fairshare.md).

# FairShare

**Example: FairShare Launchpad**

* A project is raising 1,000 UP tokens at 1 UP = 1 HYPE.
* This means the target raise = 1,000 HYPE.

## Participants

* Alice commits 500 HYPE
* Bob commits 1,500 HYPE
* Carol commits 3,000 HYPE
* Dave commits 5,000 HYPE

Total committed = 10,000 HYPE

{% hint style="info" %}
Since the raise target is only 1,000 HYPE, the sale is 10x oversubscribed.
{% endhint %}

## Allocations

* Alice: 500 ÷ 10,000 = 5% → gets 50 UP
* Bob: 1,500 ÷ 10,000 = 15% → gets 150 UP
* Carol: 3,000 ÷ 10,000 = 30% → gets 300 UP
* Dave: 5,000 ÷ 10,000 = 50% → gets 500 UP

## Refunds (FairShare)

Each participant gets their leftover HYPE refunded automatically:

* Alice committed 500, used 50 → refunded 450
* Bob committed 1,500, used 150 → refunded 1,350
* Carol committed 3,000, used 300 → refunded 2,700
* Dave committed 5,000, used 500 → refunded 4,500