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

# Presale Contract Types

Every presale on DEXRise runs on one of two contract types, and the difference is simple but important: **when do you, the investor, receive your tokens?** Both types settle purchases on-chain and both deliver the raised funding to the project team only after the presale period has fully ended.

## Immediate Delivery Contracts

In an **immediate delivery** presale, the investor receives the tokens **at the moment of purchase**.

* You buy during the event → the tokens land in your possession right away.
* You can hold, stake, or otherwise manage your tokens from the instant the purchase is confirmed on-chain.

## Pending Delivery Contracts

In a **pending delivery** presale, the investor receives the tokens **after the presale period has fully ended**.

* You buy during the event → the purchase is recorded on-chain immediately, but token delivery waits until the event concludes.
* At the end of the presale, all purchased tokens are delivered to the investors.

## Side-by-side comparison

|                                 | **Immediate Delivery**               | **Pending Delivery**                |
| ------------------------------- | ------------------------------------ | ----------------------------------- |
| **When you receive tokens**     | Instantly, at the moment of purchase | After the presale period fully ends |
| **Purchase record on-chain**    | Immediately at purchase              | Immediately at purchase             |
| **Funding to the project team** | After the presale fully ends         | After the presale fully ends        |
| **Post-purchase flexibility**   | Tokens are usable right away         | Tokens unlock at event end          |

## Before you buy: check the contract type

Because the two models differ in delivery timing, always confirm **which contract type** a presale uses before participating:

* Buying into an **immediate delivery** presale means you own the tokens immediately.
* Buying into a **pending delivery** presale means your tokens are guaranteed by the purchase, but delivered only when the event ends.

{% hint style="info" %}
DEXRise's own token sale — the [DXR Presale Event](/dexrise-documentation/dxr-token/presale-event.md) — runs on an **immediate delivery** contract: participants receive their DXR the moment they buy.
{% endhint %}


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