The words,
in the order they matter.

The launchpad, and the brand. Each chain runs one FLOOR, a market and a launchpad in one. Every token launched on it trades against the program from its first block. Launches differ only in the preset and the quote the creator chose.

The platform’s own token, a launch on FLOOR on Solana. The $FLOOR fee and the $FLOOR Marketcap Milestone on Solana launches are booked for its floor. No EVM chain has a $FLOOR of its own.

A row of launch settings that FLOOR governance writes: the window, the Stack’s shape, the cushion’s target and every fee and Marketcap Milestone curve. A launch copies its row when it is created and keeps that copy for life. A later change to the row reaches only launches created after it. The site offers WAGMI and Moonshot.

The two presets on offer. WAGMI keeps a larger share of the price as floor. Moonshot opens at a lower market cap with a smaller floor share. On every row the floor’s share of the price does not fall as the Stack sells. Each launch page shows the rates its own row copied.

The floor price: the money in the launch’s F pot divided by the tokens outside the program. A sell of any size is paid at the floor or better, less the trade’s fees. The program publishes it after every trade, rounded down, so F always covers it. It does not fall while anyone outside the program holds the token.

The floor’s money, one pot per launch, held by the program in the launch’s quote. Every buy pays F the floor for each new token it takes out of the program. The Backing Fee and the at-floor skim go to F as well. No instruction lets anyone withdraw it.

A second pot that buys tokens above the floor. Buys fill it up to a target the preset sets, then the rest goes to F. A sell is filled by the cushion first, along a stored price curve from just under the price down to the floor. Whatever the cushion cannot take, F pays at the floor.

Everything that buys tokens back from sellers: the cushion above the floor, then F at the floor. It is keeperless, because each sell fills against the pots inside the same transaction. Its prices come only from the program’s own pots and schedule, so a pool elsewhere cannot move them.

The tokens held outside the program: the live supply less the window’s tokens, the inventory, the bought-back lot and the tail. The floor divides F by this number. The program reads the live supply at every trade, so a burn counts at once.

The tokens the program still has to sell along the Stack. They are not liquidity: liquidity is the money that bids for the token. Tokens F buys back at the floor return to the inventory.

The tokens the cushion bought from sellers. The program resells the lot first, at the live bid’s price plus the buy’s fees, whenever that is cheaper than the Stack. It never resells a token below what it paid for it.

The fixed pricing curve the program sells its inventory along after graduation. A buy pays the Stack’s price for each token it takes, so a larger buy pays a higher average price. A buy never lowers the Stack’s price, and a sell does not move it.

The last 10,000,000 tokens, 1% of the supply, traded as the program’s own liquidity once the Stack has sold out. It is a constant-product range from the price where the Stack ended up to an unbounded price, holding tokens and money. It never runs out, so a buy after the end always fills.

The part of each trade that stays in F. Far from the floor it is the Backing Fee. From 1.2 times the floor down to the floor itself it ramps to the at-floor rate: at least 1% on a sell and 0% on a buy. The ramp is the same on every preset and every chain.

A holder can burn tokens on every chain. A burned token leaves the supply, so the same F is shared by fewer tokens and the floor rises. If every token outside the program is burned or sold back, the F and C pots go to the platform bucket.

Every buy and every sell pays four fees on top of the trade: the Backing Fee, the Team Share’s fee, the Platform fee and the $FLOOR fee. The Holder Fee is part of the same set and is 0 on every row. Each is a curve on the launch’s market cap, and each launch keeps the rates its preset copied.

A window trade pays two flat fees on top: the Platform fee at 0.50% and the $FLOOR fee at 0.50%. The Marketcap Milestones sit inside the window’s price. Every other fee starts when the launch graduates.

The fee that stays in this launch’s F pot, the far end of the skim. It rises along its curve as the market cap grows. A buy always pays at least 0.01%.

FLOOR’s fee on every buy and sell. The trader’s referrers take 30%, 20% and 10% of it across three tiers, and the rest goes to the platform bucket. It falls along its curve as the market cap grows.

A fee on every buy and sell that backs $FLOOR. On Solana it is booked for the floor of $FLOOR’s own launch. On EVM chains the program holds it with the platform bucket. It falls along its curve as the market cap grows.

A fee in the set that pays a holder address governance names. It is 0 on every preset, so no trade pays it.

Shares of a buy that sit inside its price, paid to the Team Slot, the platform, $FLOOR and the holder address. The buyer pays the price shown and nothing on top, so a Milestone is not a fee. Only buys the window and the Stack fill pay them, on the way up. Sells never do, and they stop once the Stack sells out.

A Marketcap Milestone never takes money the floor needs. A preset can be listed only while its Milestones fit in the room above its floor share. The program also caps how much of a buy the Milestones take together.

How a rate moves with the market cap. Each fee and Milestone runs from a start rate at one market cap to an end rate at another, and stays flat outside them. Between them it follows start + (end − start) × tⁿ, with t the position on a log scale. The intensity n shapes the bend: 1 is a straight line.

Everything a launch’s team earns, as one total: a fee on every trade and a Marketcap Milestone on every buy on the way up. The creator’s referrers take 10% of the whole Team Share first, split 90 / 9 / 1 across three tiers. The rest goes to the Team Slot’s members by their shares. With no Team Slot, the creator holds it.

The team behind a launch: up to ten members, each holding a number of shares. A member’s part of the Team Share is its shares divided by all shares. The slot is free and is opened with the launch. A member cannot be removed. While the slot has no shares, the creator receives the whole Team Share.

The creator’s buy inside the create transaction, filled first at the window’s price. Its size is the preset’s share of the window, at most 50%. Its tokens are locked in the program for 1 day, then split to the Team Slot’s members by their shares. The floor holds money for them like any other tokens outside.

Three tiers of referrers, paid from the Platform fee of each trade their trader makes: 30%, 20% and 10%. A referrer is named on the site only with a social account connected. Each tier keeps its slice and the rest goes to the platform bucket.

Where the program holds FLOOR’s money: the Platform fee after referrers, the Platform Marketcap Milestone and the create fees. Governance withdraws it only to a fixed treasury address. Changing that address goes through the timelock.

One instruction pays everything a wallet is owed, chosen by type: the Team Share, creator and trader referrals, extra fee legs and an unlocked Team Buy. A claim with nothing owed does nothing and succeeds. Each balance is paid once.

The first tokens of a launch, sold at one flat price. Everyone who buys in the window pays the same price, so buying in the first block gives no price advantage. The preset sets how many tokens it holds and what it raises.

The moment the window’s last token sells, inside the buy that sells it. From then on buys fill along the Stack. Nothing moves to another venue: the token, the market and the pots stay in the program. There is no deadline and no minimum raise.

What the window collected, in the launch’s quote. The fees paid on top are not part of it. After the Marketcap Milestones, the raise goes into the launch’s F and C pots.

A cap a preset may set on each buy for a short span after creation. A larger buy fills up to the cap and the rest is refunded. The offered presets set none, so every buyer can trade from the first block.

About $10 in the launch’s quote, paid once when the launch is created. Governance sets the amount for each quote in that quote’s own units. It goes to the platform bucket.

The asset a launch trades against, chosen at creation: a chain’s native coin, a stablecoin, a tokenised stock or another token on the list. Every price, fee and pot of the launch is in that quote.

Governance’s list of the quotes a launch can use, one list per chain. A quote can be added without redeploying the program. Tokens launched on FLOOR can be quotes too.

A token that is not on the registry, used with a USD price the creator declares. Such a launch trades like any other. It has no Team Slot. The site shows it with a not on FLOOR list mark and leaves it out of Trending, points and leaderboards.

Price × total supply, the way every tracker quotes it. A burn lowers the total supply.

The floor as a share of the current price. 100% means the market is trading at the floor. It drifts down as the price runs ahead and rises as the skim and burns lift the floor.

The money that bids for the token: F + C. Trackers that list a launch read this figure. The program’s unsold tokens are inventory, not liquidity.

The quote leg of every buy and sell. Both sides of a round trip count, as on every exchange.

The card on Explore: banner, token image, name and ticker, then one line with the phase (Graduated / Bonding), network, preset and age, then three figures. While the window sells the figures are Raised, Target and Filled. Once it graduates they are market cap, 24h volume and the floor.

The band above the chart on a Launch page: identity first, with the chain’s mark before the name and the price under the name. Once the launch has graduated, the stats are, in order, the floor, market cap, vault and 24h volume. The vault is the money in F and C. On a wider screen the floor leads the stats. On a phone they wait in More info. While the window sells, the stats are Raised, Target (or how long until it ends), Filled, what is left to raise and the graduation market cap instead. Filled is the first entry in More info at every width. Holders is the last of these in both. A wallet that holds a graduated launch also sees Bag after it, its holding priced at the floor. Bag is the first stat to move into More info.

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

The live list of trades. A sell the bid fills is labelled Sell → bid.

The buy / sell panel: what you put in, what you get out, and one Fee. The Fee sums the launch’s own fees on that side. A Marketcap Milestone is inside the price you see, so the Fee leaves it out. A launch that charges none shows no Fee row.

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

A card’s badges are Graduated or Bonding, its network, its preset and FLOOR. The preset is WAGMI or Moonshot.