FLOATDocsSolana
FLOATHow Float works, where the fees go, and what to know before you trade.
Every coin on Float is paired with a token: a tokenized stock like NVIDIA, Tesla or McDonald's, a pre-IPO name like OpenAI or Anthropic, a privacy coin (ZEC or XMR), or plain SOL or USDC. Coins trade on the Solana terminal or aggregator of your choice, like Axiom, GMGN or Jupiter. Holder rewards are paid in the paired token (wrapped SOL for SOL-paired coins, which your wallet can unwrap).
Coins launch on Raydium LaunchLab with a fixed supply of 1,000,000,000, no mint or freeze authority, and a starting market cap of about $20,000. The price follows a bonding curve as people buy. At about 7.5x (roughly $150,000), the coin graduates: its liquidity moves into a Raydium pool and is locked forever with Raydium's Burn & Earn, so it can never be pulled.
A creator can make a first buy in the launch transaction itself, so nobody can buy before them.
Creators pick a trading fee of 1%, 2% or 2.5% per buy and sell. Raydium keeps part of it (0.25% while a coin is on its curve). The rest is collected by the Float program and split the same way for every coin, before and after graduation:
Fees build up in Raydium's vaults until someone presses Cycle fees on a coin's page (anyone can, and our payout bot does it automatically). Cycling claims them and splits them on chain.
Holders. Every few minutes our payout bot sends each coin's holder share to its holders in the paired token, pro rata, wherever they bought. Rewards are paid into the wallet's token account for that token; if it has none, the bot creates one once the wallet is owed at least $0.50. Smaller amounts roll over to the next round. Rewards are for holding: if you sell before a payout, what you were still owed goes back to the coin's holders. The coin page shows what has been paid and what is waiting.
Traders. The traders' share collects in one vault as USDC and is airdropped to the wallets that tradeFloat coins, on any terminal, each in proportion to its volume, sent straight to the wallet. The first airdrop, on Wednesday, November 4 at 17:00 UTC, goes to the top 100 wallets by total volume since launch. After that, every wallet that trades gets a share, weighted by volume; the timing of later rounds is announced on X. Bots (wallets with more than 300 trades in an hour, or more than 100 an hour in 5 or more different hours) aren't eligible, and neither is volume from wash trading or volume bots: the list is reviewed before each airdrop is sent, so it goes out shortly after the snapshot time. The Analytics page shows the leaderboard, each wallet's estimated share, and when the next airdrop goes out. The vault's address is under Contracts below.
Flagship. The flagship share is swapped to SOL and spent buying $FLOAT, the Float flagship token, which is then burned, automatically and on chain. The SOL builds up into buys of about 5 SOL, or whatever has built up if 4 hours pass without one, and no single buy can move the price more than 1%. $FLOAT is a separate token launched on Raydium LaunchLab; its own trading fees go to the Float dev wallet, not into this split. The buyback vault is a program account no one holds a key to; its address is under Contracts below, so every buy and burn can be checked on Solscan. The Burns page lists every buy with its transaction and the total burned so far.
Tickers are 1 to 10 letters or numbers, in upper or lower case, and each one can be launched once for free. Case doesn't make a new ticker: $Pepe, $pepe and $PEPE are the same one. Launching a coin with a ticker that already exists costs 1 SOL, which goes to the treasury, so copying a ticker is never free. The original coin is not affected and keeps trading.