# Overview ## How Thunderhood works Thunderhood operates on the NEAR blockchain as a fully permissionless platform, eliminating the need for trusted intermediaries. It emphasizes decentralization and censorship resistance, allowing anyone to trade or create tokens freely. ### Token Launch Set-up Thunderhood provides a platform for users to create their own token with their own information including Name, Symbol, Token icon, Supply, Initial Liquidity, Social Media link, Sell Tax, Vesting, Swap fee. All these steps only take you under 1 min to create your token. ### Swap + Auto Route Inspired by Uniswap v2, **Thunderhood Swap functions** as an automated liquidity protocol, driven by: *For more information, please refer to:* * Swap function: x \* y = k * Uniswap v2 Whitepaper: **Auto Router** is the future feature that identifies the best prices for traders on Thunderhood by potentially splitting trades across $NEAR LP provided by us simultaneously. ### LP Locked LP Lock ensures a secure trading environment, meaning that once creators add initial liquidity to their token, they no longer have access to the liquidity pool, enhancing trust and safety. The initial liquidity will be permanently locked in the trading pool and cannot be withdrawn. ### Fees #### Trading fee: Trading fee on the Thunderhood platform is set at 0.6% per swap transaction, in addition to any network fees and other applicable taxes (such as farm/sell taxes). These fees contribute to enhancing and maintaining the Thunderhood infrastructure. #### Generation fee Generation fee on the Thunderhood platform is set at 0.6% per token created, in addition to any network fees and other applicable taxes (such as farm/sell taxes). These fees contribute to enhancing and maintaining the Thunderhood infrastructure. ## Thunderhood Participants ### Traders * Traders can swap [NEP-141](https://nomicon.io/Standards/Tokens/FungibleToken/Core) tokens. * Traders can adopt various strategies, ranging from fundamental and technical analysis to the "ape" approach, where they quickly buy a token soon after its launch without performing in-depth research. * High-frequency bots can employ various strategies. * Dapp users purchase tokens to interact with other applications. * Smart contracts execute trades by utilizing swap functions, ranging from DEX aggregators to custom scripts. ### Token Creators * Creators can generate [NEP-141](https://nomicon.io/Standards/Tokens/FungibleToken/Core) tokens. * Creators can effortlessly launch their own token in under 1 minute with Thunderhood’s permissionless system, while initial liquidity setup ensures instant availability for trading. * Communities, DAOs, organizations, and influencers can also launch their own tokens, tailored to their unique identity and strategy. --- # 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://thunderhood.gitbook.io/home/thunderhood/overview.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.