> For the complete documentation index, see [llms.txt](https://navofamily.gitbook.io/navo-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://navofamily.gitbook.io/navo-docs/launchpad/trade.md). # Buy and sell Buy and sell tokens on Navo, before and after graduation. Navo is not live yet. The steps below describe the planned trading flow. ## Before you start * A wallet connected to Elysium. * HYPE on Elysium. You will trade with HYPE and pay gas in HYPE. ## Before graduation: the bonding curve 1. Open the token page. 2. Choose **Buy** or **Sell** and enter an amount. 3. Review the quote and fees, then confirm in your wallet. The price will move with every trade: buys will push it up and sells will push it down. Each trade will pay a **1% fee**. See [Fees](https://navofamily.gitbook.io/navo-docs/launchpad/fees). If your buy is bigger than the tokens left on the curve, you will receive the remaining tokens and the rest of your HYPE will be returned to you. ### Snipe protection To discourage bots from buying a token the moment it launches, buys immediately after launch will pay an extra **snipe tax**. The tax will start high and fall to zero over a short window after launch. After that, it will no longer apply. You can wait until the snipe tax has ended before buying. Its starting rate and duration will be announced before launch and displayed in the trading quote. ## After graduation: the pool When the curve sells out, the token will graduate and the curve will close. **All graduated liquidity pools will be deployed on Hybra.** From then on, the token will trade in its Hybra pool on Elysium. Each swap in the graduated Navo pool will pay a **1% fee**. Fee revenue will be split **50% to the creator, 38% to the Navo protocol, 10% to the Rebound Cash pool, 1% to buy HYPE for the Hyperliquid Assistance Fund, and 1% to buy back KNTQ and burn it**. See [Fees](https://navofamily.gitbook.io/navo-docs/launchpad/fees). > A graduated token may also be listed on other exchanges. Check that you are trading the right token address. Fees on independently created third-party pools may differ. --- # 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 by asking a question. Perform an HTTP GET request on the following URL with the `ask` and `goal` query parameters: ``` GET https://navofamily.gitbook.io/navo-docs/launchpad/trade.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is what the user is ultimately trying to achieve, the reason they need the answer. Sharing it helps GitBook give you a better, more relevant answer. A goal is most helpful when it describes the outcome the user wants rather than restating the question. For example, with `ask=how do I create an API token`, a goal like `automate deployments from our CI pipeline` lets GitBook tailor the answer to that use case. 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.