# Token Swaps

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Token swaps on MermaidSwap are a simple way to trade one ERC20 token for another via automated liquidity pools.&#x20;

When you make a token swap (trade) on the exchange, you will pay a LOW 0.30% trading fee, which is broken down as follows:

0.24% - Return to liquidity pools in the form of a fee reward for liquidity providers.

0.03% - Buyback TRI and burn

0.03% - Treasury