> For the complete documentation index, see [llms.txt](https://docs.neuriio.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.neuriio.xyz/trading/trading-and-fees.md).

# Platform Fees

Every token trades in HYPE: on its bonding curve until it graduates, then on its own pool.

## Where a token trades

| Stage             | Market                                         | Fee per trade |
| ----------------- | ---------------------------------------------- | ------------- |
| Before graduation | [Bonding curve](/get-started/bonding-curve.md) | 0.75%         |
| After graduation  | Its pool (Uniswap V2 fork)                     | 0.25%         |

You don't have to choose: buying or selling from a token's page in Explore uses the right market automatically.

## Where fees go

All fees are collected in HYPE by the **NeuriioFees** contract and split between the token's creator and the protocol:

| Fee from             | Creator | Protocol |
| -------------------- | ------- | -------- |
| Curve trades (0.75%) | 20%     | 80%      |
| Pool trades (0.25%)  | 80%     | 20%      |

The protocol share is split between **community rewards (60%)** and **KNTQ buybacks (40%)**: HYPE used to buy back KNTQ, the Kinetiq token.

The creator percentages are fixed in the contract: nobody, including Neuriio, can lower a creator's share of fees from that contract.

## Protection on every trade

* **Slippage limit.** You set the minimum you'll accept. If the price moves past it before your trade lands, the trade cancels.
* **Deadline.** A trade that isn't included in time cancels instead of filling later at a different price.
* **Sells stay open.** If launches and buys are ever paused in an emergency, selling keeps working so holders can always exit.

## Costs you pay

* The trading fee above.
* A small amount of HYPE for gas on Elysium.

There's no fee to launch, to send tokens, or to claim creator fees (beyond gas).


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