Launching a raise
From $15 to funded: the full walkthrough, including the odds.
8 min read · Updated Aug 2026
On this page
You pay $15 to create a saved draft, configure the raise, form the entity, and submit it from Review. This page describes each step and the terms that apply after submission.
1. Model the deal
Try the modeler on the founders page to preview the deal sheet. When you are ready to commit numbers, the create Deal chapter sizes from region, headcount, and stage and writes goal, monthly budget, window, and team tokens into your draft. Three numbers still do most of the work: the goal, the monthly budget, and the performance package.
After you go live, follow the distribution checklist , Superteam, media, pre-commits, and launch-week cadence.
- Goal. Anywhere from $10K to $2M. Set it from the stated use of funds and the amount required to reach the next milestone.
- Monthly budget. This becomes an onchain ceiling on what you can draw without asking. Set it to what running the project actually costs, not to what you hope to earn.
- Performance package. Your upside, locked and released only at 2x/4x/8x/16x/32x your backers' entry price. Zero is a legitimate answer if you would rather settle incentives later.
2. Write the page
Backable asks for structured sections rather than one blob: the problem, why now, what you will build, a roadmap, the team, and your risks. Nobody edits any of it.
State specific risks and their likely consequences. For example, identify a month-to-month supplier contract instead of writing only “market conditions.”
3. Prove you are you
Domain verification is required before you can submit: on Review you publish a DNS TXT code we give you and press Check again. X verification (proof tweet) is optional. Both markers are visible on your page.
4. Form the entity
A Cayman SPC through MetaLeX is required before you can submit. The IP declaration records which intellectual property, domain, and accounts are assigned to it. See your legal entity for the full structure.
MetaLeX charges no formation fee, formation is covered. The $15 Backable draft fee is anti-spam; MetaDAO is paid later from trading volume on your liquidity (futarchyAMM and Meteora) if the token does well.
5. File your disclosure
The covers prior token sales, market-maker deals, insider allocations, and known risks. Every raise must answer the required B1 fields before submission.
6. Go live
Pay $15 to create the saved draft (if you have not already), finish Review, including domain verification, and submit. The raise is queued and usually appears on the homepage within about a minute (contact Telegram if it takes more than ten). During the window, commitments accumulate in where you cannot touch them.
If you hit your goal
Eighty percent of the goal lands in your project treasury, twenty percent seeds , and any commitments above the goal stay with their backers to claim back. From then on you draw your , and anything larger goes to a .
If you miss
Every backer can claim their contribution in full. Claims require a transaction from the contributing wallet. The $15 draft fee is not refunded. The entity and raise page remain available, and you can create another raise.
A refund is not sent automatically. The backer submits the claim from the raise page. There is no claim deadline, and the program does not require team or platform approval.
What you are agreeing to
The program enforces the monthly budget, the performance package unlocks, and the claim path. Read the Terms before you pay.