# How it works

Every launch deploys the same token on five chains at once. Each chain gets 1B tokens in its liquidity pool, and all five pools open at the same US dollar price.

All tokens go into liquidity from the start. There is no team allocation, treasury or vesting. Each pool starts with tokens only and collects the quote asset as people buy.

Each chain operates independently, and one thing keeps the five prices together: arbitrage, which is open to anyone. Buy on a cheaper chain and sell on a more expensive one.

Part of the Pangea documentation: https://www.pangea.trade/app/docs.md