# Token Swaps

Token Swaps on Position exchange are a simple way to trade one BEP-20 token for another via automated liquidity pools.

![](https://708384545-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-Mdp4fjGfZFcARkxFmyK%2F-MgUfleOFrM84DhIiK_V%2F-MgUgDpubniB2U7Zsu6F%2Fimage.png?alt=media\&token=d7273097-88a6-4553-9b0f-cdbab14ea419)

As our Liquidity is on PancakeSwap, when you make a token swap (trade) on the exchange you will pay a **0.25% 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 PancakeSwap Treasury.

**0.05%** - Sent towards CAKE buyback and burn.