Every idea on Spark goes through a community raise. Here's how it works.

The basics

• Each idea has a minimum cap (the raise must hit this to launch) and a hard cap (the maximum capital accepted).
• If the minimum cap isn't reached, every backer is fully refunded. No token is created.
• If the raise lands between the minimum and the hard cap, every backer keeps their full allocation. No filter applied.

What happens if a raise is oversubscribed?

If demand exceeds the hard cap, allocation is weighted by your Partner Token Tier.

Token Tier

At the moment the raise closes, your wallet is snapshotted. For each of the following partner tokens, you check the box if your holding is ≥ $100 at snapshot:

Your Tier = the number of boxes checked (0 to 5). Holding $200 or $10K of a single token counts the same as $100. Diversity of exposure matters, not size.

Allocation formula

Your weight = your deposit × (1 + Tier × 10%)

Your allocation = (your weight / total weight) × hard cap

Excess above your eligible allocation is auto-refunded on-chain in the same transaction.

Worked example

Hard cap $20K. Total deposits $130K.

What this shows: