> For the complete documentation index, see [llms.txt](https://shenlong-whitepaper.gitbook.io/shenlong-protocol/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://shenlong-whitepaper.gitbook.io/shenlong-protocol/how-the-dev.fun-ipo-works-official-rules.md).

# How the dev.fun IPO Works (Official Rules)

To guarantee absolute transparency, here are the immutable rules enforced by the dev.fun smart contracts during our launch. This is what makes Shenlong Protocol a truly safe investment:

* 🛡️ Sniper-Proof by Design: The launch mechanism inherently prevents sniper bots from front-running real users. You will never be used as exit liquidity by a bot.
* ⚖️ Same Price for All: All backers pay the exact same price based on the bonding curve. There are no secret discounts.
* 🔄 Auto-Refund Guarantee: The raise is successful *only* if the minimum target is met. If the target is not reached within the launch window, all backers receive a full, automatic refund.
* 📊 Fair Split (Oversubscription): There is no hard cap. If the total SOL raised exceeds the target cap, the price remains fixed, and allocations are distributed pro-rata. Any excess SOL you contributed is automatically refunded.
* 🔒 Strict Team Vesting: To align long-term incentives and prevent "dumping", the protocol builders receive a 1% grant subject to a strict 3-month linear vesting schedule. Any additional team pre-buys (up to 20%) are subject to a 1-month cliff + 3-month vesting.

<div><figure><img src="https://3684061928-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F4gFc5tEI468JNjsiP11C%2Fuploads%2FYr0TdjKJD7otmJPw60a1%2FCaptura%20de%20ecra%CC%83%202026-03-16%2C%20a%CC%80s%2009.23.12.png?alt=media&amp;token=9d6a4c86-1f0c-4678-b8e1-2d6774046619" alt=""><figcaption></figcaption></figure> <figure><img src="https://3684061928-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F4gFc5tEI468JNjsiP11C%2Fuploads%2FJj8iwmMllnBY7DmV90l7%2FCaptura%20de%20ecra%CC%83%202026-03-16%2C%20a%CC%80s%2009.23.25.png?alt=media&amp;token=f81e2d91-273a-4ebd-8ceb-f9c83ae0bebf" alt=""><figcaption></figcaption></figure> <figure><img src="https://3684061928-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F4gFc5tEI468JNjsiP11C%2Fuploads%2FH05OPvEIxBBHqUOtkpTn%2FCaptura%20de%20ecra%CC%83%202026-03-16%2C%20a%CC%80s%2009.25.35.png?alt=media&amp;token=e9d95bcb-9ab9-411f-9ba2-3f08f0ca45c7" alt=""><figcaption></figcaption></figure> <figure><img src="https://3684061928-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F4gFc5tEI468JNjsiP11C%2Fuploads%2FHaqs3FHETdnkBgOxwMjt%2FCaptura%20de%20ecra%CC%83%202026-03-16%2C%20a%CC%80s%2009.26.08.png?alt=media&amp;token=0f3ce4ed-2d6f-4682-9db2-00337553b41c" alt=""><figcaption></figcaption></figure> <figure><img src="https://3684061928-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F4gFc5tEI468JNjsiP11C%2Fuploads%2FyxEfyI1rn8T5HYTIQ0iS%2FCaptura%20de%20ecra%CC%83%202026-03-16%2C%20a%CC%80s%2009.26.24.png?alt=media&amp;token=a92dd5ef-aef3-4c94-968d-fd6e363ca98c" alt=""><figcaption></figcaption></figure></div>

> ⚠️ Launch Window Note: The standard dev.fun IPO phase typically runs for 6 hours. However, as the dev.fun platform is currently undergoing core updates, this window may be expanded to a 24-hour durationby the time of our official launch, ensuring warriors from all global time zones have a fair chance to participate.


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