> For the complete documentation index, see [llms.txt](https://docs.coinfactory.app/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.coinfactory.app/launchpad/protocol-revenue.md).

# Protocol Revenue

CoinFactory generates protocol revenue from trading activity and successful token migrations.

The protocol collects:

* **1% from every trade** made through the bonding curve, including both purchases and sales.
* **2% of the collected liquidity** when a token graduates and migrates to a decentralized exchange.

These protocol fees are fixed by the smart contracts and cannot be changed.