The words,
in the order they matter.

The launchpad, and the brand. Every token launched on it runs the same contract; the only differences are the mode, the creator fee and the graduation market cap the launcher chose.

The platform’s own token. Its pool sits on the same hook as every launched pool — on each chain there is exactly one — with one difference: it forwards nothing, and it is where every launched pool’s platform cut lands. Its floor is therefore a function of the whole platform’s volume.

2.5% of every ETH inflow to a launched token’s vault — the raise, the skim, ladder and ask proceeds, swept LP fees — forwarded to the $FLOOR vault before the pool counts it. The vault’s own ETH coming back from a redeployed bid is not an inflow and is never cut.

A fixed bundle chosen at creation, so buyers recognise the deal at a glance. Degen graduates at a $5k market cap with a 1% / 1% floor skim and a 1% creator fee; Meme at $20k with 2% / 2% and 1%; Bluechip at $100k with 5% / 5% and 0.5%; Custom is anything within the hard caps (skim ≤ 10%, creator ≤ 1%, holder ≤ 2%). The near-floor ramp is identical in every mode.

The site: Explore, Create, Launch pages and Profile. It never holds funds. It deploys the contracts with the values you chose and reads the pool back to you.

The Uniswap v4 hook behind every launch — one per chain, keeping each launch’s accounting apart by pool. For every pool it skims ETH from swaps into that launch’s vault, deploys the vault as a standing bid band whose cheap edge is the floor price, keeps the tokens the bid absorbs, re-lists them higher, and only ever moves the floor up. The hook has no owner and no upgrade path.

The published floor price: the cheap edge of the bid band, the lowest price any sell into the bid is paid. It sits one band — 120 ticks, about 1.2% — under the price at which the vault’s ETH exactly covers every token that could be sold into it, F = Q ÷ S. Never a promise — the edge of a position in the pool that any router can see and fill. It cannot move down.

The floor, as it physically exists: one all-ETH liquidity position holding the whole vault, spanning a band of 120 ticks whose cheap edge is the floor price. Its dear edge is where the backing solves, F = Q ÷ S, and where a sell fills first — that is the figure the ledger calls the bid. A partial fill narrows the band from the dear side only; the cheap edge never moves. Selling into it is the same as selling into any pool; the difference is that it is always there.

ETH held for one launch’s floor, in a vault contract of its own that only the hook can pay from and that can never pay out another launch’s ETH. It has no withdraw function and no owner. Its code is not fixed: every launch’s vault is a proxy on one beacon, whose implementation the deployment’s upgrade owner can replace. Under its current code, the only way the floor’s ETH leaves the vault is as the bid, paid to someone selling tokens into it.

The vault expressed per token: how much ETH stands behind each token that could reach the bid. It is what the bid band’s dear edge solves to, so it is the same quantity the cards and the ledger row report as Backed; the published floor is one band under it.

What the bid must be able to absorb: total supply minus the vault’s inventory, minus the unsold ladder, minus the tokens locked inside the protocol-owned position at the floor price. Smaller than total supply, which is why the bid can be 99% of the launch price with 100% of the raise.

Tokens the bid has bought. Kept, never burned, and excluded from sellable supply. Re-listed as the ask at no less than twice their cost, so every round trip through the vault is accretive.

Inventory re-listed as one continuous all-token band above the market, from max(2× its cost, 2× the floor) four doublings up — the ladder’s own shape, over what the vault paid. When it fills, the ETH goes to the vault and the floor rises.

The 30% of supply that is neither sold nor founder-owned: one continuous ask from 2× to 8× the launch price. Every fill converts market cap into backing. It only ever shrinks from below and never reprices lower.

The 15% of supply seeded as a tokens-only position from the launch price to the top of the tick range — the tail every buy above the ladder fills against, so it never runs out. Owned by the hook for that launch’s pool, never withdrawable; its LP fees are swept into the floor on every ratchet. At the floor price it holds tokens that can never reach the bid, which is why they are subtracted from sellable supply.

The fee on the ETH leg of every swap that feeds the vault. Far from the floor each side pays its flat “far” rate (set by the mode). Within about 5× of the floor the sides diverge: buys slide to 0% at the floor, sells climb to 10%.

The distance over which the skim slides from its far rate to its at-floor rate: 16,094 ticks, about 5× in price, measured to the bid band’s dear edge. The width is the same for every launch; the far rate changes with the mode, and both endpoints are that pool’s own settings (defaults: buys 0%, sells 10% at the floor).

The 0.25% Uniswap takes on the ETH leg of every swap, flat on both sides. The hook forces it onto every trade, and the pool charges it on what is left after the skim, the creator fee and the holder tax — so the four takes compose, they do not simply add. On a FLOOR pool the liquidity earning it is largely the protocol’s own, and those fees are swept into the vault on every ratchet.

The permissionless maintenance call. It realises every position, sweeps fees, pays the caller’s bounty, re-solves the floor and publishes it one band cheaper than the solve, then redeploys the ladder, the ask and the bid. Anyone may call it; the caller earns a small bounty from the skim collected since the last call, never from the vault. There is no lift: the band’s cheap edge is the floor, so nothing is ever priced under it for a bot to buy.

What happens inside a sell that fills into the bid. A bid holding tokens would resell them at the floor, so the hook takes the filled bid out within that same sell, keeps the tokens as inventory at cost, carries the price back up to the band’s dear edge across its own emptied band — which costs nothing — and re-places the whole band with the ETH left. The floor is not re-solved and no bounty is paid; that waits for the next ratchet.

A flat fee on buys and on sells (at most 1% each) that goes to the fee recipient, on top of the floor skim. Fixed at launch along with the recipient; there is no setter. It never enters the vault, so it never moves the floor and the platform takes no cut of it.

The address the creator fee accrues to. The launcher’s own wallet by default; an X or GitHub handle resolves to the wallet that account signs in with. Whatever it is, it is written into the launch’s pool at launch and nobody — launcher or platform — can change it afterwards; a handle that has not signed in yet is filled exactly once, when its owner claims it. Anyone may trigger the payout; only the recipient receives it.

Tokens handed to the vesting contract with a cliff and a linear schedule, to yourself or to an address. Written once: no revoke, no early unlock, no changing the beneficiary. Anyone may trigger a claim; only the beneficiary receives. Locked tokens sit under the floor but do not earn holder rewards. Only after the sale graduates — until then the token is locked to the sale.

A holder destroying their own tokens. Supply falls, the hook reads supply live, so sellable supply falls against the same ETH and the floor rises for everyone else. Only you can burn what you hold; the vault keeps, never burns, its inventory. Not while the sale is still bonding — the token is locked to the sale until it graduates.

Uniswap v4 measures price in ticks; 6,932 ticks is a doubling. A band is liquidity concentrated between two ticks — the bid’s spans 120, about 1.2% — which is what makes the bid an order at a known price rather than a curve. The pool uses a tick spacing of 60.

The FloorLaunch contract sells 55% of supply at a flat price in ten tranches, and holds the ETH it takes until graduation. The tokens go to the buyer in the same transaction as the buy — there is nothing to claim afterwards — and until the sale graduates they are locked to it: the only counterparty they can move to is the sale itself. On the launchpad this phase is labelled Bonding.

The sale filling. In one transaction the sale lock on the token is released for good, the pool is created, the ladder and protocol-owned position are placed, and 100% of the raise (less the platform cut) becomes the bid. On the launchpad a token is Graduated from that moment.

Price × total supply at the end of the sale. It is what the mode sets — $5k for Degen, $20k for Meme, $100k for Bluechip — and because 55% of supply is sold at that price, the sale raises 55% of it: $2.75k, $11k and $55k. It is NOT the amount raised.

The ETH the sale collected. All of it goes under the token: 97.5% to the bid, 2.5% to the $FLOOR vault. Founder allocation is 0% by construction.

One of the ten equal slices of the sale. FloorLaunch supports a slope from the first to the last tranche; FLOOR launches use a flat price so the average equals the open and none of the floor is spent subsidising early buyers.

During the sale you can return any part of what you bought for the ETH you paid for it — your own average price, never more and never less. One transaction from your own wallet, no approval, and it can only ever move your own balance. There is no deadline and no minimum raise: the sale graduates when it sells out.

Wallets the launcher lists that may buy in the opening blocks without the anti-snipe tax. Public on-chain, chosen before launch.

The asset the token trades against. Every launch is quoted in its chain’s own gas asset (ETH on Robinhood Chain and Base, BNB on BSC, HYPE on HyperEVM, SOL on Solana): the hook can take another quote asset, but each launch factory is built for one and every deployed factory is built for the native one. Other quote assets — including tokenised stocks — are a roadmap item, not a setting.

Price × total supply, the way every tracker quotes it. Nothing is ever burned, so tokens the vault has bought back still count. Market cap can never fall below bid × supply.

Price × the tokens the vault does not hold — the part of the market cap that could still be sold into the bid. After a full dump the float is tiny while the market cap is still bid × supply.

The standing bid as a share of the current price: how much of what you pay right now is already sitting under it as ETH the vault will pay out. 99% at launch; it drifts down as price runs ahead and back up as the skim accrues. 100% means the market is trading at the floor.

Two rates of the same thing. Minimum is what the vault keeps if every swap paid only the far-from-floor skim; measured is what the suite actually observes with real proximity to the floor and ladder fills — 4.8% of volume at $1M a day.

The ETH leg of every swap, counted whether or not it was skimmed — a free buy at the floor is still volume. Both sides of a round trip count, as on every exchange.

An optional flat tax on buys and sells (at most 2% each) paid out as ETH to every wallet pro rata to its balance. Claimed, never pushed; never enters the vault; never moves the floor. Not reflections — balances never rebase. Every point here is a point not going under the token.

The tokens that earn holder rewards: everything in wallets. The pool manager, the launch’s vault, the hook, the launch contract, the vesting contract and the bridge adapter are excluded at deployment, so protocol positions, inventory and locked tokens never earn.

The tile on Explore: banner, token image, badges (Graduated / Bonding, network, mode, creator fee, platform), shortened contract address, age, name and ticker, then three figures. While the sale runs there is no pool, so they are Raised, Target and Filled; once it graduates, market cap, 24h volume and Backed, the bid as a share of price.

The band above the chart on a Launch page: identity, then the stats. Once the launch has graduated they are the floor (the bid band's cheap edge, the published floor — never lower), the bid (its dear edge, where a sell fills first), Backed, market cap, vault and 24h volume, in that order; while its sale runs there is no pool and so no bid, and they are Raised, Target and Filled instead. Holders are the last stat in both. The price sits at the row's right edge, over a line giving the floor, or, while the sale runs, saying there is none until it graduates.

The Launch page’s working area: chart, tape and ticket as three panes separated by hairlines. Drag a divider to resize; it turns amber while you hold it.

The live list of swaps. A sell that hits the bid is labelled Sell → bid, because that is the floor doing its job.

The buy / sell panel: what you put in, what you get out, and one Fee — the LP fee, floor skim, creator fee and holder tax summed at the price you are trading at, not at the ramp’s endpoints. It moves as the distance to the bid moves, and it is not the same number on both sides.

The thin band under the chart showing where the visible window sits within the token’s full history.

Graduated or Bonding; the network it launched on; Degen, Meme, Bluechip or Custom; the creator fee (green ≤ 0.5%, amber ≤ 1%); FLOOR.