# Fees & Fee Modes

## Costs

| Fee | Amount | Paid to |
| --- | --- | --- |
| Launch fee | 1 USDC, once | Protocol |
| Trading fee | 1% of every trade | Split below |

## Trading fee split

| | Share of fees | Of trade volume |
| --- | --- | --- |
| Creator | 70% | 0.7% |
| Protocol | 30% | 0.3% |

`distributeFees(token)` pays both out. Anyone can call it.

## Fee modes

What happens to the creator's 70%:

| Mode | Token-side fees | USDC-side fees |
| --- | --- | --- |
| **Payout** | To the creator | To the creator |
| **Burn** | Burned | To the creator |
| **Buyback & burn** | Burned | Buys the token back, then burns it |
| **Holder rewards** | Burned | Streamed to holders over 24h |

:::warning[Modes only move forward]
Payout can move to any mode. Burn can move to the last two. Buyback & burn
and Holder rewards are final.
:::

## Buyback guard

A buyback is capped or skipped if the price was just pushed up by more than
**5%** (Standard) or **20%** (Moon). Unspent USDC goes to the fee receiver.

## Holder rewards

* USDC streams to holders pro rata over **24 hours** after each payout.
* Claim anytime: `claim(holder)` on the token's `HolderRewards` contract.
* The pool, vault, router and burn addresses never earn.