When a token launches
Filled launches start after one hour. Unfilled raises return funds after 24 hours.
When the goal fills
A launch closes to new contributions when accepted contributions reach the goal. The token is scheduled to launch one hour after filling. It does not wait for the fundraising deadline.
If the goal does not fill
Presales must fill within 24 hours. If one does not, it closes without creating a pool. Each contributor can claim their full SOL back to the same wallet, directly from the presale program, without waiting for Parcel. Solana network fees are separate.
From countdown to trading
At the scheduled time, Parcel collects the raise from the presale, creates the token's Raydium liquidity pool, and permanently locks the position. Trading starts when these transactions confirm. Network conditions can delay that step.
If a launch is delayed
If an attempt cannot complete, the launch retries in one hour and continues from the last finished step. Confirmed contributions keep their allocations. Trading begins only after the pool transaction succeeds.