> For the complete documentation index, see [llms.txt](https://docs.socialhood.app/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.socialhood.app/terminal-launchpad/trading.md).

# Trading & Live Data

The Terminal's token pages are built to feel like a trading terminal, not a webpage that happens to show numbers.

## Realtime, not "refresh-time"

* **Trades stream in over WebSocket** — every swap on the pool is pushed to your screen sub-second, not polled every few seconds. No lag, no gaps.
* **The chart is live** — the price line moves the moment a trade lands.
* **Trade history** loads instantly from the chain's indexer with real timestamps: side (BUY / SELL), trader, size in the pair currency, and age.
* **Holders** shows the top holders with their share of supply, refreshed continuously.

## Buying & selling

The buy/sell panel trades through the public Uniswap SwapRouter — the same route every bot uses:

* **Buy**: pay in ETH; the route hops through the pair automatically (e.g. `ETH → USDG → AAPL → token` for a stock-paired launch). One transaction.
* **Sell**: the reverse route, and you receive **native ETH** back — no WETH stuck in your wallet. One transaction (plus a one-time approve).

During a token's first \~5 minutes the [anti-sniper limits](/terminal-launchpad/fair-launch.md) apply — trades that would push a wallet over 5% of supply revert.

## Token info, all onchain

Contract address, pair, LP status, airdrop terms, and the anti-sniper policy are displayed from chain state. If the page says LP is locked, that's not a promise — it's a read.


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