# Currency & Issuance

#### **Issuance Model Overview**

THAT was issued through a structured Token Generation Event (TGE), with the full 3.3 billion token supply minted at launch and allocated across the categories and vesting schedules described in the [Tokenomics](/whitepaper/archive-that-coin/tokenomics.md) and [Company Allocation](/whitepaper/archive-that-coin/tokenomics/company-allocation.md) sections of this whitepaper.

The high-level issuance model includes:

**Presale distribution**

Prior to broader circulation, THAT was sold in a presale at an indicative price of approximately AUD 0.00085 per token. The presale supported initial development and operations. Pricing during the presale was set by the Company and, in some cases, varied by timing and participation size.

Participation in the presale was limited to receipt of THAT tokens on the applicable vesting terms and did not confer any rights in or to the Company, any entitlement to returns, or any guarantee of future value.

**Initial liquidity and early expenses**

Within the overall allocation minted at TGE, a portion of tokens equivalent to 0.20× of the presale amount was designated to support early THAT-denominated expenses and liquidity:

* 0.15× of the presale amount was reserved for exchange and on-chain liquidity provisioning (for example, CEX/DEX listings).
* 0.05× of the presale amount was used to cover other early operational costs payable in THAT.

These amounts are included within the broader allocation categories detailed in the [Tokenomics](/whitepaper/archive-that-coin/tokenomics.md) section.

**Long-term vesting allocations**

The remaining allocations (including the Company and Founders allocations) are subject to multi-year vesting and release schedules, implemented via smart contracts over periods of approximately 5 to 10 years. These allocations are intended to support:

* company reserves and operational flexibility
* ecosystem and growth initiatives
* charitable and philanthropic programs, and
* current and future team incentives.

The vesting and release arrangements for each category are summarized in the [Coin Overview - High Level](/whitepaper/archive-that-coin/coin-overview-high-level.md), [Company Allocation](/whitepaper/archive-that-coin/tokenomics/company-allocation.md) and [Founders Allocation](/whitepaper/archive-that-coin/tokenomics/founders-allocation.md) sections. These allocations do not confer any right to dividends, yields or other returns and do not guarantee any particular token value, level of adoption or commercial outcome.


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