> For the complete documentation index, see [llms.txt](https://docs.timetoken.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.timetoken.finance/time-token-+-tabs/exchange.md).

# Exchange

The smart contract for the TIME token holds onto activation fees, which are paid in the native token of the network, in order to ensure liquidity in the market. This liquidity can be accessed through a dedicated local exchange that offers trading pairs between TIME and the native token of the network (such as ETH/BNB/MATIC, etc.). The swap transactions can be conducted directly on the platform through the Exchange frame.

<figure><img src="/files/ukNj6MLZGT4QWv1dzFKc" alt=""><figcaption><p>Exchange Frame: Swap directly in the TIME Token smart contract.</p></figcaption></figure>

By providing liquidity in this format, the token becomes tradable in any location, as third parties can also contribute liquidity and earn income through fees.

When it comes to swap fees, the Exchange frame on the platform charges a fixed rate of 1% on all trades. This fee is then redistributed among the entire community holding the token through the Community Pool frame, which will be explained in detail next.


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