# Lifecycle of system assets

1\. System asset [creation](https://tokend.gitbook.io/product-guide/admins/system-assets-management/system-asset-creation) *(in other words, you announce the release of the token. Users can already see it on the platform and even* [*add it to their wallet*](https://tokend.gitbook.io/product-guide/user-guide/wallet/add-the-token-to-your-wallet) *but cannot operate with it (trade/transfer). Coins do not actually exist at this point. It’s just an announcement.)*\
2\. System asset [pre-issuance](https://tokend.gitbook.io/product-guide/admins/system-assets-management/system-asset-pre-issuance) *(at this stage, tokens already actually exist but are not yet distributed among users’ wallets)*\
3\. System asset [issuance](https://tokend.gitbook.io/product-guide/admins/system-assets-management/system-asset-issuance) *(tokens are being distributed among users’ wallets)*\
4\. Tokens are being [traded](https://tokend.gitbook.io/product-guide/user-guide/trade/overview), [invested](https://tokend.gitbook.io/product-guide/user-guide/invest/overview) (in the [crowdfunding campaigns](https://tokend.gitbook.io/product-guide/user-guide/crowdfunding-campaigns/overview)), and [transferred](https://tokend.gitbook.io/product-guide/user-guide/wallet/transfer-tokens-between-the-accounts) by the users on the platform
