> For the complete documentation index, see [llms.txt](https://qp-protocol-limited.gitbook.io/lightpaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://qp-protocol-limited.gitbook.io/lightpaper/quidd-token-introduction/distribution/private-sale.md).
# Private Sale
**Strategic backers supporting the QUIDD Token ahead of the token genesis event.**
The Private Sale allocation represents 8.00% of the total QUIDD supply. Ahead of the token launch, Quidd is closing approximately $4.0 million in funding via a Simple Agreement for Future Tokens (SAFT) that will convert into QUIDD Tokens at a later date. All tokens set aside for conversion are subject to a 28-month lock-up with a six-month cliff.
Quidd believes in the power of the community, particularly one that is decentralized and made up of individuals. No single Private Sale token holder will hold more than 15% of the total Private Sale token allocation, or more than 0.6% of the total token supply.
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