# New Launches and Trading Fees All tokens are fair-launched with a full supply (1,000,000,000 tokens), then added to the liquidity pool. There is an initial 99% buy fee, which lowers to a resting 10% fee in order to prevent sniping. Since the fees stay within each specific token's ecosystem, high fees are beneficial to the health of a token. Strategies can currently be launched on Ethereum, Base, or Monad. Fees are enforced on the contract-level using custom Uniswap v4 hooks for all tokens (other than PunkStrategy). This means each trade MUST pay the fee to be executed. Of the 10% fee: * 8% goes to the token contract to execute its Strategy * 1% goes to the creator of the underlying token contract as royalties * 1% for buying and burning $PNKSTR, the ecosystem token. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.tokenstrategy.com/new-launches-and-trading-fees.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.