> For the complete documentation index, see [llms.txt](https://docs.div.fun/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.div.fun/for-creators/economics-and-fees.md). # Economics and fees This page describes where value comes from and where it goes across a token's life. It deliberately describes the *structure* rather than fixed percentages: the dividend share and its split are configured per token and read on-chain, and div.fun's protocol parameters can change over time. For any specific token, the live figures are on its [page](/for-traders/the-token-page.md). ### The launch cost Launching a token costs: * a **launch fee** in HYPE, paid once at deployment; * **gas** for the launch transaction; * if you launch with [direct liquidity](/for-creators/launch-modes.md), the **liquidity you seed** the pool with. A [bonding curve](/core-concepts/the-bonding-curve.md) launch requires only the launch fee and gas — the curve raises its own liquidity from the market. ### The curve phase While a token is on its curve, trades carry a small **protocol fee** and the token's **dividend share**. The protocol fee supports the protocol. The dividend share flows to the creator and holders just as it does during the market phase. The HYPE the curve collects (net of fees) is reserved to seed the token's pool at graduation. ### The dividend share Every trade on a div.fun token — on its bonding curve and on its HyperSwap pool — carries the token's **dividend share**: the fee-on-transfer set aside from each trade. This share is converted into the [reward asset](/core-concepts/reward-assets.md) and split between two parties: * **Holders** — distributed in proportion to [eligible balance](/core-concepts/reward-eligibility.md). This is the dividend. * **The creator** — your ongoing income from the token's volume. The creator chooses the split at launch (default 50/50, any ratio 0–100%). The share and the split are then fixed in the contract and visible on-chain. No party can increase their own portion afterward. ### Where value flows ``` Launch ──> launch fee (HYPE) ──────────────> platform └─> direct-liquidity seed (you) ────> token's pool Curve trades ──> protocol fee ─────────────> platform ├─> dividend share ──┬────────> holders (dividends) │ └────────> creator (your income) └─> HYPE collected ───────────> seeds the pool at graduation (LP burned at graduation) Market trades ──> dividend share ──┬──────> holders (dividends) └──────> creator (your income) ``` ### What drives your income as a creator Your income is the creator's share of your token's **trading volume**, in the reward asset. It scales with how much the token trades, not with its price alone. A token with a high price and no volume pays you little; a token with steady volume pays you steadily. This is the same incentive your holders have, which is the point: you are paid to build a token people want to trade and hold. ### What holders actually receive A holder's dividend over any window is their share of the eligible supply, multiplied by the holders' portion of the dividend share, multiplied by the volume traded. There is no fixed rate — the return is an outcome of activity. This is why the docs and the interface show **dividends paid**, a record, rather than a projected APR. Continue to [after launch](/for-creators/after-launch.md). This page describes where value comes from and where it goes across a token's life. It deliberately describes the *structure* rather than fixed percentages: the dividend share and its split are configured per token and read on-chain, and div.fun's protocol parameters can change over time. For any specific token, the live figures are on its [page](/for-traders/the-token-page.md). ### The launch cost Launching a token costs: * a **launch fee** in HYPE, paid once at deployment; * **gas** for the launch transaction; * if you launch with [direct liquidity](/for-creators/launch-modes.md), the **liquidity you seed** the pool with. A [bonding curve](/core-concepts/the-bonding-curve.md) launch requires only the launch fee and gas — the curve raises its own liquidity from the market. ### The curve phase While a token is on its curve, trades carry a small **protocol fee** and the token's **dividend share**. The protocol fee supports the protocol. The dividend share flows to the creator and holders just as it does during the market phase. The HYPE the curve collects (net of fees) is reserved to seed the token's pool at graduation. ### The dividend share Every trade on a div.fun token — on its bonding curve and on its HyperSwap pool — carries the token's **dividend share**: the fee-on-transfer set aside from each trade. This share is converted into the [reward asset](/core-concepts/reward-assets.md) and split between two parties: * **Holders** — distributed in proportion to [eligible balance](/core-concepts/reward-eligibility.md). This is the dividend. * **The creator** — your ongoing income from the token's volume. The creator chooses the split at launch (default 50/50, any ratio 0–100%). The share and the split are then fixed in the contract and visible on-chain. No party can increase their own portion afterward. ### Where value flows ``` Launch ──> launch fee (HYPE) ──────────────> platform └─> direct-liquidity seed (you) ────> token's pool Curve trades ──> protocol fee ─────────────> platform ├─> dividend share ──┬────────> holders (dividends) │ └────────> creator (your income) └─> HYPE collected ───────────> seeds the pool at graduation (LP burned at graduation) Market trades ──> dividend share ──┬──────> holders (dividends) └──────> creator (your income) ``` ### What drives your income as a creator Your income is the creator's share of your token's **trading volume**, in the reward asset. It scales with how much the token trades, not with its price alone. A token with a high price and no volume pays you little; a token with steady volume pays you steadily. This is the same incentive your holders have, which is the point: you are paid to build a token people want to trade and hold. ### What holders actually receive A holder's dividend over any window is their share of the eligible supply, multiplied by the holders' portion of the dividend share, multiplied by the volume traded. There is no fixed rate — the return is an outcome of activity. This is why the docs and the interface show **dividends paid**, a record, rather than a projected APR. Continue to [after launch](/for-creators/after-launch.md). --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## 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, and the optional `goal` query parameter: ``` GET https://docs.div.fun/for-creators/economics-and-fees.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. 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.