> ## Documentation Index
> Fetch the complete documentation index at: https://docs.kittenswap.finance/llms.txt
> Use this file to discover all available pages before exploring further.

# Public raise & Token Generation Event (TGE)

> Details about Kittenswap's Token Generation Event and launch strategy

## Overview

The Kittenswap Token Generation Event (TGE) **was** designed to ensure a fair and transparent distribution of KITTEN and veKITTEN tokens and has **successfully concluded**, establishing a strong foundation for the protocol's long-term success.

The raise for TGE **was held** in HYPE tokens on the HyperEVM over multiple rounds.

Participants can **now** claim their veKITTEN and KITTEN tokens on the dApp.

## TGE raise price

15% of the veKITTEN/KITTEN **was** allocated for the TGE. The price was based on the raise FDV and round type. Read more about the [NFT & Public Raise - TGE](/tokenomics/initial-distribution#nft-%26-public-raise-tge-15%25) of KITTEN and veKITTEN tokens.

## Launch price & initial liquidity

32,250 HYPE **was** paired with 60,000,000 KITTEN tokens (6% allocation) in a vAMM-KITTEN/HYPE pool to form the initial liquidity.

The initial price of KITTEN **was** approximately 0.0005375 HYPE per KITTEN at launch.

## Claiming veKITTEN and KITTEN

At launch, claiming **was** available on the dApp, given a user-defined ratio (and instant exit penalty applied). Participants can still adjust their claim ratio under the same conditions.

The ratio will start at:

* 100% veKITTEN

* 0% KITTEN

By increasing the KITTEN ratio, participants **needed** to pay an instant exit penalty of 50% in HYPE token at the launch price.

The maximum ratio **was**:

* 50% veKITTEN

* 50% KITTEN

All exited penalties from the TGE **have been used** to defend the price floor and pair with the remaining 40,000,000 KITTEN tokens (4% allocation) to increase the protocol-owned liquidity.

## Raised HYPE funds distribution

32,250 HYPE **has been paired** with KITTEN in a vAMM to form the initial liquidity pool.

The remaining HYPE **is** held in the treasury:

* External audits (when required) will be paid out from this
* Liquidity and vote bribing incentives
* Runway for development