> For the complete documentation index, see [llms.txt](https://docs.flock.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.flock.io/flock-products/fomo/quickstart/fundraise-outcomes.md).

# Fundraise Outcomes

<details>

<summary><strong>Scenario 1:</strong> Happy Path — Maximum Target Reached</summary>

* Graduation is triggered automatically
* Tokens are minted
* Liquidity is created
* The model proceeds to deployment

</details>

<details>

<summary><strong>Scenario 2</strong>: Happy Path — Minimum Target Reached</summary>

* Graduation must be triggered manually
* Graduation is permissionless that anyone can trigger it

<figure><img src="/files/WnefJcQgxsMhwzzJtC6Q" alt=""><figcaption></figcaption></figure>

**Action:**

* Click “Graduate Token” to launch the liquidity pool

</details>

<details>

<summary><strong>Scenario 3</strong>: Unhappy Path — Minimum Target Not Reached</summary>

* The fundraise fails
* Tokens are not minted

<figure><img src="/files/URbaO4ZOK3BTtYtX5ATQ" alt=""><figcaption></figcaption></figure>

**Action:**

* Click **“Redeem”** to reclaim pledged funds

{% hint style="warning" %}
Launch fees and transaction fees are not refundable. Only the pledged $FLOCK principal is returned.
{% endhint %}

</details>

### After Graduation

Once graduated:

* The model token becomes tradable
* Marketplace status updates to “Tradable on Deluthium”
* Clicking the token redirects users to the Deluthium swap page

{% hint style="warning" %}
Note: Deluthium is currently not available in the US
{% endhint %}

From this point forward:

<figure><img src="/files/WHkQeL6XaJHrt550aOGs" alt=""><figcaption></figcaption></figure>

* The model will be deployed on the FLock API Platform
* Inference usage drives revenue, buybacks, and rewards


---

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