Docs

How Float works, where the fees go, and what to know before you trade.

How it works

Every coin on Float is paired with a tokenized stock, like NVIDIA, Tesla or McDonald's. You trade with SOL: the site swaps your SOL into the stock and buys the coin in the same step, and selling does the reverse. You never need to hold the stock yourself.

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.

Fees

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.

Rewards

Holders. Every few minutes our payout bot sends each coin's holder share to its holders in the paired stock, pro rata. Payouts under $0.01 roll over to the next round. Rewards go to a wallet's existing token account for that stock, which buying through Float creates. 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 top wallets by trading volume. The Analytics page shows the leaderboard.

Flagship. The flagship share is swapped to SOL and spent buying $FLOAT, the Float flagship token, which is then burned, automatically and on chain, a little at a time so no single buy moves the price much. $FLOAT is a separate token launched on Raydium LaunchLab; its own trading fees go to the Float dev wallet, not into this split.

Tickers

Tickers are 1 to 10 letters or numbers, and each one can be launched once for free. 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.

Risks

• Coins are highly speculative. Most lose value, and you can lose everything you put in.
• Tokenized stocks are issued by third parties (xStocks, Sunrise, PreStocks and others), not by the companies themselves, and those issuers keep powers over their tokens: they can pause transfers, move or burn tokens from any wallet, or add transfer rules later. If an issuer pauses its stock, trading and rewards for coins paired with it stop until it resumes.
• Float is not affiliated with, or endorsed by, the companies whose stocks coins are paired with. A coin is not a share and gives no rights in any company.
• The Float program has not had an outside audit yet. Its upgrade authority and settings are moving to a multisig; until then they are held by the team's deployer key.
• When fees are cycled, the program swaps between tokens with a price guard. A trader who moves the price just before can take up to about 2% of that swap.
• Float's fee tiers are public Raydium LaunchLab platforms, so other apps can launch coins on them outside this site. Those coins don't go through the Float program and don't get its fee split or rewards. Only coins listed on this site do.
• Prices and stats on this site come from on-chain data and third-party price feeds, and can be delayed or wrong.

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