> For the complete documentation index, see [llms.txt](https://docs.gbm.auction/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.gbm.auction/the-gbm-ida/initial-distribution-auction-ida.md).
# Initial Distribution Auction (IDA)
### A Fair, Fun, and Transparent Utility Token Distribution
The **IDA (Initial Distribution Auction)** is a first-of-its-kind token launch event powered by the **GBM Win-Win auction system** — now adapted to distribute a fungible utility token.
Unlike fixed-price sales, private allocations, or bonding curve models, the GBM IDA is designed to be **fair, transparent**, and aligned with the **long-term health of the protocol**.
It’s not just a way to acquire tokens - it’s a live demonstration of the Win-Win system in action.
### 🤔 What is the GBM IDA?
* **An open-access auction** to acquire tokens
* Participation is **voluntary** - users can bid on a variety of predefined token bundles
* Built **entirely onchain** using the GBM Auction IDA system
* Governed by **transparent, predefined rules** - no randomness, no hidden mechanics
* An **innovative solution** to the many pitfalls of current token launch systems
#### 📣 The $GBM IDA is LIVE!
Experience a new way to launch a token. \
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