> For the complete documentation index, see [llms.txt](https://docs.loopad.fun/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.loopad.fun/product/trading-and-swap.md).

# Trading & Swap

## Real pools, real markets

Every Loopad token trades on a genuine **Uniswap v4** pool on the canonical PoolManager from the moment it launches. That means:

* **DexScreener** indexes it automatically as a `uniswap v4` pair;
* trading bots, Telegram bots and aggregators can trade it like any other v4 pool;
* there is no "graduation migration" — the pool you launch in is the pool forever.

The **$69K graduation** shown on the board is a milestone marker, not a mechanism — nothing moves or changes when a token crosses it.

## Buying & selling

On any token page:

* **Buy** with ETH (for ETH-paired tokens) or with the token's quote asset (USDG / stock) — the panel handles approvals for you.
* **Sell** back to the quote, with ETH-paired tokens paying out native ETH.
* Quotes come from the canonical **v4 Quoter**, so the "You receive" number already includes the pool fee and the buyback skim.
* Default slippage protection is 1%, and every trade carries a deadline.

## The Swap page

Swap any Loopad token against its quote asset — or against **another Loopad token** sharing the same quote (routed through both pools in one transaction).

## Price impact at launch

New tokens start at a \~$4K market cap with all liquidity on a continuous curve — early buys move the price meaningfully. The dev's own first buy is capped at 5% of supply; there are no other trade-size restrictions.


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