> For the complete documentation index, see [llms.txt](https://docs.liquidops.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.liquidops.io/protocol-mechanics/the-liquidops-fair-launch.md).

# The LiquidOps Fair Launch

### What is an AO fair launch?

Via the decentralized funding network, The Permaweb Index, users in the AO/Arweave ecosystem can delegate AO yield that is currently being earned on AR tokens towards ecosystem fair launches.

In exchange they get back the project's token, without transferring their underlying AR tokens and the project receives AO/PI through the Permaweb Index.

In short, the AO/Arweave communities receive LQD and LiquidOps receives decentralised funding.

### LQD Tokenomics

[LQD](/protocol-mechanics/the-lqd-token.md), the native token of LiquidOps has a maximum supply of 50,000,000 tokens, distributed as follows:

**28% DAO**

* 23% allocated to the protocol treasury.
* 5% allocated to oToken reserves.
* Both governed by token holder-led governance, ensuring community control.

**25% Liquidity Mining**

* Used to incentivise protocol usage and distribute tokens to active users.
* Helps bootstrap liquidity and network activity.

**15% AO Fair Launch 1**

* Portion of token supply allocated to our first AO fair launch.

**15% Founders & Future Contributors**

* 8% set aside for current founders and team members.
* 7% reserved for future contributors to the protocol.

**10% Foundation**

* Portion of tokens allocated to the foundation, to be used for ecosystem grants, audits, developer tooling and protocol infrastructure.

**7% Private Token Sales**

* Allocated in prior rounds: 2 private sales, 1 incubator round, and 1 pre-seed round.
* Supported by 8 angels and 0 VC’s.

### How to delegate AO to the LQD fair launch

1. Head to[ https://ao.arweave.net/#/delegate/](https://t.co/FrDrVdD5gR)
2. Connect your Arweave/AO wallet
3. Delegate your AO yield to LiquidOps (LQD)
4. Confirm your delegation preferences
5. Start earning LQD!

LQD tokens will remain locked until Mainnet Beta is over and LiquidOps enters Mainnet.

*Token address:* [n2MhPK0O3yEvY2zW73sqcmWqDktJxAifJDrri4qireI](https://aoscan.arweave.dev/#/process/n2MhPK0O3yEvY2zW73sqcmWqDktJxAifJDrri4qireI)

*Fair launch address:* [N0L1lUC-35wgyXK31psEHRjySjQMWPs\_vHtTas5BJa8](https://aoscan.arweave.dev/#/process/N0L1lUC-35wgyXK31psEHRjySjQMWPs_vHtTas5BJa8)


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