> For the complete documentation index, see [llms.txt](https://whitepapercrypto.gitbook.io/ifxwhitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://whitepapercrypto.gitbook.io/ifxwhitepaper/business-model/feature/index-token-creation-and-redemption.md).

# Index Token Creation & Redemption

**● Steps to create Index Token**

1\. Choose LP Token Type (SOL or USDC).

2\. Upload the Icon Image and set the name, symbol, decimals, and total supply of your Index Token.

3\. Choose your compositions and input the address and amount of each underlying token.

4\. Index Token will be created in infinix.finance treasury and available for trade

**● Steps to redeem Index Token**

1\. After receiving the redemption action for Index Token, the issuance smart contract verifies the redemption and prepares to release the in-kind assets.

2\. You will receive the in-kind assets corresponding to the Index Token at your designated address.

**● Fees**

a. Trading Fee: For each index token trade made on infinix.finance, infinix.finance will charge a percentage of the trading amount as fee in USDC/SOL.

b. Index Creation Fee: Creators are required to pay SOL for the index token creation.


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