# Token Swaps Token swaps on Swappi are a simple way to trade one ERC-20 token for another via automated liquidity pools. ![](https://3684049901-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FqX1V3utG037uXsh1ikKI%2Fuploads%2FkZiPmFMbaEohqseUWbcw%2Fimage.png?alt=media\&token=72738c4c-6255-47de-af06-148edb3e4ea8) When you make a token swap (trade) on the exchange you will pay a .25% trading fee, which is broken down as follows: 0.17% - Returned to Liquidity Pools in the form of a fee reward for liquidity providers. 0.03% - Sent to the Swappi Treasury. 0.05% - Sent towards PPI buyback and burn. --- # 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.swappi.io/swappi/products/exchange/token-swaps.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.