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Presale

The presale is an early, fixed-price sale of DOHM that runs in a separate app before the main market opens. Mechanically it is a fixed-price bond with a shared cliff: you deposit a reserve asset at a set price and receive a claim on DOHM that unlocks all at once after the sale closes.

Cap & accepted assets​

The presale raises up to a 21 BTC-equivalent hard cap, split across three assets with its own sub-cap each:

Accepted assetSub-cap (BTC-equivalent)
BTC / frBTC12
DIESEL8
FIRE1
Total21

Each asset fills toward its own sub-cap; once a sub-cap is reached, that asset stops accepting deposits even if the others have room. The raise bar tracks total progress toward 21.

How it works​

  1. Deposit. Send one of the accepted assets (BTC/frBTC, DIESEL, or FIRE) during the sale window, up to that asset's remaining sub-cap. Your DOHM allocation is:

    allocation = deposit × 1e8 / presale_price

    Same shape as a fixed-price bond — a flat price, no curve.

  2. The raise bar. The app shows progress toward a cap (raised / cap). Once the cap is reached or the window ends, the sale is closed.

  3. Cliff claim. Presale allocations vest on a cliff at a shared unlock height — nothing is claimable until the sale's vesting start passes, then the full allocation is claimable at once. You claim on the presale app after the sale closes. This is the same cliff mechanism as a bond note, with a fixed market-wide start rather than a per-purchase one.

What to know​

  • The presale price is fixed and set at deploy — it is not a discount to a live market (there isn't one yet).
  • BTC is converted to frBTC to seed treasury backing; DIESEL and FIRE seed backing directly. Whichever asset you deposit, your allocation is priced against the same fixed DOHM price.
  • Your deposit becomes treasury backing, exactly like a bond.
  • The allocation is a bearer claim, same as a bond note: hold it safely, and claiming after the cliff is a separate transaction with its own miner fee.
  • Deposit and claim are separate Bitcoin transactions in the same settling model as everything else (see Transactions on Bitcoin).

Whether a presale runs, in what asset, at what price and cap, and on what schedule are all deploy-time decisions. Treat the on-chain sale parameters and the signed release manifest as authoritative over any marketing copy.