# GELT and Mechanics ⚙️

A General Equity Linked Token (GELT) is a concept for minting a series of tokens for each type of Equity Product which may be offered as part of a companies’ capitalization.\
\
Many types of equity agreements, inclusive of option rights to purchase equity, as well as warrants, and even types of fractional Fund Ownership, exist along side one another on semi-fungible terms. TEX implements GELTs as part of an ERC-1155 semi fungible token minted for each company.\
\
For specifics, please read our documentation.\
\
‍

**What is your minimum investment size?**\
There us no minimum investment size. Available tokens can be purchased with USDC with the appropriate gas fees.

**Do I own the stock in these companies?**\
No. You own tokens that represent ownership in forward swap agreements executed by TEX.

**How do you price the shares?**\
The industry uses the last round of financing and expected IPO range as a pricing guidepost. Other factors may include investor demand, access to the company, other secondary transactions that have occurred and publicly available information.\
\
Freely trading GELT is priced according to the market

**Can you provide the company’s financials, exit strategy, and prospectus?**\
Unfortunately, our network does not have access to the company’s most recent financials, or their investor presentation. Our networks leverage the due diligence performed by the company’s most recent investors and base our offerings on the price those investors paid.

**How long can I hold these tokens?**\
As long as indicated on a contract. Upon expiry following an IPO lockup period, the tokens you hold are cash settled against market prices in stablecoins.

**When can I expect the company I’m in investing in to go public or get acquired?**\
We cannot guarantee an exit nor a timeline for any of your holdings. However, the majority of investment opportunities are companies who have received institutional financing and have a typical investment horizon of 2-5 years.
