# Phase 1

<figure><img src="/files/f4vHoCEh4rR3TY3qZ1G9" alt="" width="375"><figcaption></figcaption></figure>

rePRICE will host a private raise offering 25% of equity with 15 hand-selected communities across the HL eco from memes, NFTs, DeFi and yield protocols.&#x20;

**the raise will do 3 things:**\
– fund deep LP at launch\
– hire frontend engineer\
– hire reputable auditor

**raise allocation:**\
60% will seed LP\
40% will fund engineer and audits.

we will launch as a meme token to start built around the idea that Hyperliquid is misPRICED to drive the narrative and help spread our product organically to all users from different ecosystems.


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