> ## Documentation Index
> Fetch the complete documentation index at: https://docs.fx.meme/llms.txt
> Use this file to discover all available pages before exploring further.

# Fees, precisely

> What a launch and a trade cost, which amounts fees apply to, and where they go.

FX separates launch fees, protocol trading fees, native liquidity fees, and optional creator or holder allocations.

The figures below describe **V6 revision 6, deployed on Arc mainnet**. See [release status](/reference/release-status) for current availability and [deployed contracts](/developers/contracts) for the release identity.

## Creation fee

Every successful launch pays **10 USDC**, including the dedicated official \$FX launch.

| Allocation                         | Amount |
| ---------------------------------- | -----: |
| Reserved for \$FX market purchases | 9 USDC |
| Operations                         | 1 USDC |

Network gas is additional. Supply and starting valuation do not change the creation fee.

## Trading fees

These are nominal rates **per launched-token pool leg**, on both buys and sells. One basis point, or bp, equals 0.01%.

| Market                        | Protocol |                    Creator |    Holder rewards | Native LP |             Nominal baseline |
| ----------------------------- | -------: | -------------------------: | ----------------: | --------: | ---------------------------: |
| FX-pair token pool            |    0.10% |                          0 |                 0 |     0.05% |                    **0.15%** |
| Ordinary single-currency pool |    0.10% |                      0–10% | Off, or 0.03%–10% |     0.20% | **0.30% + creator + holder** |
| Dedicated official \$FX/USDC  |    0.10% | 0.50% to the revenue vault |                 0 |     0.20% |                    **0.80%** |

Ordinary creator and holder rates are fixed at launch. FX-pair markets and the dedicated \$FX market have holder rewards disabled.

<Note>
  The table adds nominal rates for comparison. Hook fees and native LP fees can use different bases, so the sum is not an exact deduction from one common amount.
</Note>

## The fee bases

FX's hook collects protocol, creator, and holder fees in the pool's **quote currency**.

* **Buy:** ordinary hook fees apply to gross quote input.
* **Sell:** ordinary hook fees apply to gross quote proceeds before hook deductions.
* **Exact output:** the required amount is grossed up to account for the deductions.

The native pool charges its own fee on the asset entering that pool. On a token purchase, that is the quote currency remaining after hook deductions. On a sale, it is the launched token.

Ordinary ERC-20 transfers do not carry a launchpad trading tax.

### A 1,000-USDC example

Consider a direct purchase of official \$FX after the opening surcharge has expired, with no additional Uniswap core protocol fee:

```text theme={null}
Gross USDC input                        1,000.000
Hook fees: 0.10% + 0.50%                    6.000
USDC remaining for the native pool       994.000
Native LP fee: 0.20% of 994                 1.988
Combined fee deduction                     7.988
```

This is **7.988 USDC**, rather than exactly 8 USDC. Price impact and integer rounding also affect execution. The quoter's per-leg amounts are the useful values for an actual order.

## Additional route costs

| Cost                       | When it applies                                         |
| -------------------------- | ------------------------------------------------------- |
| Opening buy surcharge      | Purchases during a launch's configured opening window   |
| External currency-pool fee | Each time a route uses that currency pool               |
| Uniswap core protocol fee  | When enabled by the underlying PoolManager's controller |
| Network gas                | The transaction submitted to the network                |

FX adds no separate router or quoter surcharge.

A cycle with two FX token legs and a 0.05% currency hop has a nominal cost of **0.15% + 0.15% + 0.05% = 0.35%**, before any opening surcharge, core fees, gas, or price impact.

## Where the fees go

| Fee                                 | Destination                                                                  |
| ----------------------------------- | ---------------------------------------------------------------------------- |
| FX protocol fee                     | Collected as protocol revenue; eligible realized USDC enters the 90/10 split |
| Opening surcharge                   | Entirely protocol revenue; eligible realized USDC enters the same split      |
| Ordinary creator fee                | The launch creator                                                           |
| Ordinary holder reward fee          | That token's eligible holders, through its reward ledger                     |
| Official \$FX creator allocation    | Permanently attributed to the revenue vault                                  |
| Canonical locked LP fees            | Available to compound into that locked position                              |
| Other LP and external currency fees | The corresponding liquidity providers or venue controller                    |

Creator claims, holder rewards, and LP principal are separate from protocol revenue. Foreign-currency protocol fees enter the revenue split only after conversion into actual received USDC.

<CardGroup cols={2}>
  <Card title="The opening window" icon="clock" href="/economics/opening-window">
    Understand the temporary buy surcharge.
  </Card>

  <Card title="$FX and protocol revenue" icon="arrows-rotate" href="/economics/fx-token">
    Follow the 90/10 split from receipt to market purchase.
  </Card>
</CardGroup>