> For the complete documentation index, see [llms.txt](https://fairy-finance.gitbook.io/fairy-finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://fairy-finance.gitbook.io/fairy-finance/launch/launch-overview.md).

# Launch Overview

Inspired by the original idea behind **Basis** as well as its predecessors, Fairy Finance is a **multi-token protocol** that consists of the following **3 tokens**:

* **FairyFinance Token ($UNICORN)**: The algorithmic token pegged 1:1 to **WCRO**
* **FairyFinance** **Shares ($WINGS)**: Claim **UNICORN** inflation when the network expands
* **FairyFinance** **Bond ($MAGICBOND)**: Purchase when the network is in contraction and can be redeemed for **UNICORN** when the network comes to its deflationary phase.

It involved an **innovative solution** that can **adjust the token supply** deterministically to **move** the **price** of the token in the direction of a **target price** to bring programmability and interoperability to DeFi.

The protocol's underlying mechanism dynamically **adjusts UNICORN supply**, pushing its price up or down relative to the **$WCRO price**. However, there may be times where **UNICORN loses its peg to $WCRO**. If our protocol is functioning as intended, **UNICORN** will follow **$WCRO** to keep pegged at 1:1.

## LAUNCH SCHEDULE<br>

* **Genesis starts on  9th Aug 2022 6:00 AM UTC**&#x20;
* **$WINGS reward pool begins on 9th Aug 2022 10:00 AM UTC**
* **$WINGS reward pool lasts for 365 days**
* **Boardroom(MAGICROOM) starts on 10th Aug 2022**&#x20;

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