> For the complete documentation index, see [llms.txt](https://bull20.gitbook.io/bullpaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://bull20.gitbook.io/bullpaper/start/join-our-presale/goals-and-stages.md). # Goals & Stages ## **Maximizing for Participation and Value** Offering 60% of the total $BULL20 token supply during the presale underscores our commitment to fostering a broad and inclusive investor base. By making half of the entire token supply available at this early stage, we aim to provide ample opportunity for a diverse group of investors to join our vision from the outset. To further incentivize early participation and reward our most ardent supporters, the presale is structured in **12 distinct stages**. With each successive stage, the price per token sees a modest increase. This tiered pricing model not only encourages early investment but also ensures a gradual and sustainable price appreciation. By incrementally adjusting the token price, we strike a balance between attracting early adopters and maintaining a steady influx of new investors throughout the presale duration, laying a strong foundation for $BULL20's future growth. ## Stage Details Stage duration is measured in tokens sold, not in time. After reaching a stage goal the next stage will be activated automatically by our smart contract.
Stage#Price per Token (USD)DiscountVolume ($BULL20)
1.0.0500 $50%5,000,000
2.0.0580 $42%5,000,000
3.0.0640 $36%5,000,000
4.0.0700 $30%5,000,000
5.0.0760 $24%5,000,000
6.0.0800 $20%5,000,000
7.0.0840 $16%5,000,000
8.0.0880 $12%5,000,000
9.0.0920 $8%5,000,000
10.0.0940 $6%5,000,000
11.0.0960 $4%5,000,000
12.0.0980 $2%5,000,000
ICO0.1000 $-40,000,000
{% hint style="danger" %} Please note: only completed and currently running stages are final. Upcoming stages are subject to change at the discretion of the project team. {% endhint %} {% hint style="info" %} If you happen to buy $BULL20 right at the end of a stage you might pay two different prices for your tokens. {% endhint %}