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

# 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.