# Fees halc.fun charges a 0.75% swap fee on all pre graduation tokens. Specifically, every buy and sell on the bonding curve incurs a 0.75% swap fee on the USDC amount. The swap fee is distributed as follows. * 0.5% to the protocol * 0.25% to the token creator *** ### External fees halc.fun utilizes external providers to support its tokenized perps and post graduation trading. Below is an overview of all external fees that users may encounter when trading. **Post graduation** After graduation, the token trades on a HyperSwap V2 pool. Swap fees are set by HyperSwap. Creator fees continue to accrue on post-graduation volume. **Tokenized perp redemption** When a user swaps a token for USDC the tokenized perp backing the token must be redeemed for USDC. This redemption incurs a 0.3% redemption fee that is charged by BounceTech on the notional value of the tokenized perp. **Hyperliquid** All tokenized perps on halc.fun are backed by an underlying Hyperliquid perp which incurss trading fees charged by Hyperliquid. These fees are realized by the underlying perp itself and not charged directly to users. --- # Agent Instructions: 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: ``` GET https://docs.halc.fun/fees.md?ask= ``` The question should be specific, self-contained, and written in natural language. 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.