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

# The official $MARKET token

$MARKET is the planned ecosystem token for Market. Its role and fee policy are separate from the individual tokens associated with businesses.

> A plan is not a deployed token or an available purchase. Use the official announcement and verified mint before treating any asset named MARKET as the official token.

## Fee policy

The approved target trading fee is **1.5% during the DBC curve stage and 1.5% after migration to DAMM v2**. The target is fixed in both stages, without an activated dynamic fee or compounding mechanism.

The underlying protocol's share is taken from the trading fee under the applicable configuration. The [worked example](https://market-launchpad-com.gitbook.io/docs/fees/examples) shows the effect of a 20% protocol share under stated collection assumptions.

The 75 / 10 / 15 business token allocation does not apply to $MARKET.

## Intended recipient

The published Genesis plan designates the founder wallet as the recipient of the creator-distributable DBC fee share before migration. The fee-earning DAMM v2 position is intended to remain attributable to that same founder wallet after migration.

This describes the intended recipient arrangement. A deployed configuration, position and actual collection must be verified separately. Holding $MARKET does not make a holder a recipient of those fees.

## What holding does not establish

Holding $MARKET does not automatically grant business ownership, a share of platform revenue, a share of business fees, a guaranteed yield, a payout, voting authority, an airdrop or a prize.

It is not required merely to prepare a business project or qualify for the planned verified business fee route. Read any specific future utility's terms when it is activated.

## Check the exact mint

Names, tickers and images can be copied. Confirm the exact mint through the official Market announcement and the live token record; then compare the mint shown in the wallet and explorer.

These docs do not substitute a historical test address or an unverified asset for an official mint. See [official links and addresses](https://market-launchpad-com.gitbook.io/docs/reference/official-links).

**Next:** [Utility and future features](https://market-launchpad-com.gitbook.io/docs/market/utility-and-future-features) · [Token risks](https://market-launchpad-com.gitbook.io/docs/trust/token-risks)

## Liquidity and founder tokens

The approved launch configuration permanently locks 100% of migrated pool liquidity while preserving its configured fee-collection rights. This concerns pool liquidity, not founder token holdings. The founder intends to buy exactly 5% of supply at issuance, then make a separate manual lock deposit 24 hours after that purchase for one calendar month. Those tokens remain unlocked until the deposit is finalized. No renewal is automatic. Check actual transaction receipts before describing any token lock as completed.