> For the complete documentation index, see [llms.txt](https://ape-protocol.gitbook.io/apeprotocolfinance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://ape-protocol.gitbook.io/apeprotocolfinance/tokenomics/trading-fees-explained.md). # Trading Fees Explained **Buy Trading Fees:** 5.0% - Auto LP 5.0% - Ape Vault 2.5% - Ape Treasury 2.5% - The Black Hole **Sell Trading Fees:** 5.0% - Auto LP 5.0% - Ape Vault 2.5% - Ape Treasury 2.5% - The Black Hole 2% - NFT Fund **Placement:** * **Auto LP -** Trading fees goes to backing the liquidity of the BNB/APEP pair on PancakeSwap ensuring an ever-increasing collateral value of $APEP. * **Ape Vault -** Trading fees are stored in the Ape vault which helps sustain and back the staking rewards provided by the positive rebase. * **Ape Treasury -** Trading fees go directly to the treasury which supports the vault and provides a marketing budget for Ape protocol and funds new product development. * **The Black Hole -** 2.5% of all $APEP traded are burnt in the Black hole. The more that is traded, the more get put into the hole causing the hole to grow in size, larger and larger through self fulfilling auto-compounding which in return acts to reduce the circulating supply of $APEP and keeping the Ape protocol stable. * **NFT Fund** - Receives 2% of all $APEP sold, which is then shared equally among WSAC NFT holders. --- # 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: ``` GET https://ape-protocol.gitbook.io/apeprotocolfinance/tokenomics/trading-fees-explained.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.