LaunchingThe kitchen · 08 / 21
Fees and Nutrition Facts
Trading pays the kitchen: creator earnings and protocol revenue follow trading activity, and every rate is set per launch and printed on its label.
# Fees and Nutrition Facts
Trading pays the kitchen: creator earnings and protocol revenue follow trading activity, and every rate is set per launch and printed on its label.
## Who is paid
Per trade:
- The protocol: Its configured share of base fees. The percentage depends on the launch terms.
- The trade: May also include LP fees, anti-snipe tax, gas, slippage and price impact.
A share of a fee is not the same as a percentage of the whole trade.
## Know what is in your meal
Every meal carries a **Nutrition Facts** label on its page. Read it before you order.
| Section | What it lists |
|---|---|
| Supply and allocations | The curve, the pool, HappiFlow and any other locked tokens |
| Launch economics | The quote target, the starting FDV and the graduation FDV |
| Trading terms | Base fees, the creator tax and the fee recipients |
| Liquidity policy | Permanent or recoverable: check the actual deployment |
These are the categories every label covers. The values are each launch's own, shown on its page.
- [Launch protection](/launching/launch-protection/)
- [Pairings](/launching/pairings/)
Who is paid
Section titled “Who is paid”happimealPer trade
- The creator
- The launch's configured share of base fees. Any additional creator tax goes to the creator fee wallet.
- The protocol
- Its configured share of base fees. The percentage depends on the launch terms.
- The trade
- May also include LP fees, anti-snipe tax, gas, slippage and price impact.
Rates set per launch · printed on its label
A share of a fee is not the same as a percentage of the whole trade.
Know what is in your meal
Section titled “Know what is in your meal”Every meal carries a Nutrition Facts label on its page. Read it before you order.
| Section | What it lists |
|---|---|
| Supply and allocations | The curve, the pool, HappiFlow and any other locked tokens |
| Launch economics | The quote target, the starting FDV and the graduation FDV |
| Trading terms | Base fees, the creator tax and the fee recipients |
| Liquidity policy | Permanent or recoverable: check the actual deployment |
These are the categories every label covers. The values are each launch’s own, shown on its page.
Launch protectionThe opening tax and its window.
PairingsThe quote asset on the other side of the market.