# 2nd stage - CoolDEX trading

<figure><img src="/files/i7PU7z7tyW3r2UogZlC7" alt=""><figcaption></figcaption></figure>

Once a token reaches the hard cap of \~350 $SOL during the Bonding Curve stage, liquidity migrates from something.cool to CoolDEX. This includes \~20% of the total token supply and \~65 $SOL collected during the Bonding Curve stage. From this point forward, trading continues within the DEX environment.

* For [*Zero-Fee Coins*](/zero-fee-coins/what-is-zero-fee-coin.md), a liquidity pool with 0% LP fees and 0% DEX fees is created, allowing traders to swap zero costs.
* For [*Community Coins*](/community-coins/what-is-community-coin.md), a liquidity pool is established with a DEX fee equal to the[ *Community Contribution*](/community-coins/community-contribution-how-it-works.md) rate set during coin creation. Based on the initial distribution settings, this fee is automatically distributed to three key areas: real-time holders, LP providers, and token burning.

{% hint style="success" %}
These mechanics **require no manual actions** from the token creator or holders—everything runs automatically.
{% endhint %}

Only after the Bonding Curve stage is successfully completed, and liquidity is added to CoolDEX, the Zero-Fee and Community Coin mechanics are fully activated. [*Spaces*](/features/spaces.md) are also created for all these coins.

Trading is available on **both** [**Something.cool**](https://www.something.cool/) **and** [**Cooldex.cool**](https://www.cooldex.cool/) **platforms.**


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