# Initial Offering

100 Billion $WIZM will be allocated to the wizard mana ([$WIZM](wizm-utility-token)) initial offering.

The raised funds will be used for initial liquidity, development & marketing costs, and other business expenses, aimed to grow aiwizard into the #1 AI tool hub & $WIZM into one of the most well-known AI/Web3 crypto tokens.

25% Of the raised funds will be put inside the initial [liquidity](wizm-utility-token/tokenomics/liquidity) pool.

Initial offering dates and soft/hard cap coming soon.

To see how the rest of the token supply is used, check out the [tokenomics](wizm-utility-token/tokenomics).
