> For the complete documentation index, see [llms.txt](https://wiki.elephant.money/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://wiki.elephant.money/ecosystem-tokens/elephant/fees-detailed.md).

# Fees - Detailed

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There is a 10% transaction fee for all **buys**, **sells** and **transfers** of $ELEPHANT token done on PancakeSwap ("PCS").

{% hint style="info" %}
Transaction fees on ELEPHANT token [reward](/glossary/rfi-rewards.md) long-term holding ([3,3](/glossary/3-3.md)) while virtually eliminating day trading opportunities, subsequently dramatically reducing token volatility.
{% endhint %}

10% of every transaction for $ELEPHANT token is distributed to existing to token holders and locked liquidity on PCS, split equally 5%. The graveyard is treated as just another holder.&#x20;

{% hint style="info" %}
50% of fees collected on Buys, Sells or Transfers goes to create an ELEPHANT/WNBNB LP pair which is then sent to locked liquidity on PancakeSwap
{% endhint %}

**Fee Breakdown:**

<table><thead><tr><th width="215.35150146484375">Action</th><th width="218.98219807942706">Location</th><th>Fee</th></tr></thead><tbody><tr><td>Buy $ELEPHANT</td><td>Pancake Swap</td><td>10%</td></tr><tr><td>Sell $ELEPHANT</td><td>Pancake Swap</td><td>10%</td></tr><tr><td>Transfer $ELEPHANT (to another wallet)</td><td>Wallet</td><td>10%</td></tr><tr><td>Buy $ELEPHANT</td><td>Elephant Money Website</td><td>8.5%</td></tr><tr><td>Sell $ELEPHANT</td><td>Elephant Money Website</td><td>8.5%</td></tr><tr><td>Transfer $ELEPHANT (to another wallet)</td><td>Elephant Money Website</td><td>3.5%</td></tr></tbody></table>

In addition to PancakeSwap, the ELEPHANT token can also be purchased on the Elephant.Money [website](https://elephant.money/dashboard.html) directly using BNB (8.5% Transaction Fee) through the [Buy with Bertha](/tokenomics/buy-with-bertha-bwb.md) (BWB) program.

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