# 17 November: Launch of Groups ## What’s New * **Launch a Group**: Creators and communities can now launch their own *Groups*, forming coin economies around cultural memes, creator tokens, or even third-party assets. * **Group Coin**: Each Group is centered around a **Group Coin**—a base token used to denominate and capture value from all trading and derivatives activity inside that Group. * **Earn on Trading**: Group owners can enable a **10% creator revenue fee**—paid out automatically from trading activity within the Group. * **Modular Permissions**: Set Group permissions to **open** (anyone can add coins) or **closed** (only the owner can), with full modularity for future permission models. * **Group as Cultural Registry**: Groups serve as repositories of cultural and derivative assets tied to the Group Coin IP. Think memecoins, forks, extensions—fees from their trades go to the Group economy. * **Withdrawals and Ownership**: Group owners can withdraw assets directly. Future support for **sub-Groups** allows fractional asset control without parent Group ownership transfer. ## Why it matters * Groups shift coins from single tokens to structured economies. By aligning creator and community incentives around a Group Coin, cultural memes and onchain assets can compound value over time. * Whether you’re launching your own token or building around another, Groups give you the rails to coordinate, monetize, and grow your coin’s ecosystem. #### Links * Launching a Group : --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.flaunch.gg/updates/17-november-launch-of-groups.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.