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Reading the pool…
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Reading the pool…
FLOOR / How it works
The raise sits in the pool as a bid anyone can fill.
01 — The short version
What this is, what making one costs, and what happens when the sale fills.
A sale runs first, at one price, until every token in it is sold. Then trading opens on Uniswap, a public exchange, and nearly all the money raised is put into the shared pool people trade against, as a buy order anyone can sell to. A slice of every trade after that is added to it. That buy order is the floor: its price never goes down, though the token’s own price still can.
FLOOR charges nothing to launch and takes no tokens; you pay the network’s fee and do not get it back — on Robinhood Chain, about 20 cents. Then pick a ready-made setting: Degen ends when all the tokens together are worth $5,000, Meme $20,000, Bluechip $100,000, or Custom. 55 of every 100 sell, raising $2,750, $11,000 and $55,000.
55 out of every 100 tokens are sold here, all at one price — the first buyer and the last pay the same. They are yours the moment you buy, so there is nothing to claim later, but you cannot move or sell them until the sale fills. Until then you can hand any back for exactly what you paid. There is no deadline: it ends when it sells out, or it never ends.
When the last token sells, trading opens and the tokens unlock for good. Nobody is handed the other 45 — not even the person who made it. They sit in the pool for sale: 15 from the opening price all the way up, thinning as the price climbs but never running out, and 30 more between twice and eight times the opening price. Nearly all the money raised, 97.5%, stands as the buy order; 2.5% goes into the buy order under $FLOOR.
02 — The mechanism
The same life cycle in the pool's own terms, from the raise to the ratchet.
55% of supply sold at a flat price. Every dollar raised is placed as one all-ETH band just under the opening price, about 1.2% wide. Its cheap edge is the floor — the lowest price any sell into it is paid, and it never moves down; its dear edge, where the backing solves and a sell fills first, is the bid the ledger shows.
A skim on the ETH leg of every swap. Near the floor, buys drop to 0% and sells climb to 10%. Protocol-owned LP fees are swept in.
A sell into the bid removes ETH and tokens in the same ratio. The last seller gets the first seller’s price.
30% of supply sits as one continuous ask from 2× to 8× the launch price. Buyers push through it like any AMM curve; the ETH lands in the bid.
Permissionless ratchet() realizes every position, pays the caller, re-solves the floor and publishes it one band under the solve, then redeploys. The floor tick may only move toward a higher price. A sell that fills into the bid re-places it inside that same sell; nothing is ever priced under the floor for a bot to buy.
2.5% of every ETH inflow to a launched token’s vault — the raise, the skim, ladder proceeds, swept fees — is forwarded to FLOOR’s own vault before the pool counts it.
A flat fee on buys and on sells (at most 1% each), on top of the floor skim, accrues to the fee recipient the launcher chose — their own wallet by default. Written into the hook at launch; there is no setter.
Degen graduates at a $5,000 market cap with a 1% / 1% floor skim and a 1% creator fee. Meme at $20,000 with 2% / 2% and 1%. Bluechip at $100,000 with 5% / 5% and 0.5%. A preset is fixed — none of its numbers can be moved. Custom is anything within the caps.
03 — Measured
From the test suite at ETH = $2,400, on a $297k launch (Launch.t.sol, DumpDayOne.t.sol, Sim30.t.sol, on the suite's per-launch harness). Live bid is the band's dear edge, where a sell fills first; the published floor sits one band, about 1.2%, under it. Market cap is price × total supply, as every tracker quotes it.
| Scenario | Market cap | Vault ETH | Held by vault | Live bid | Note |
|---|---|---|---|---|---|
| Graduation, $297k raised | $540k | $297k | 30% | $0.000537 | 99% of open |
| Everyone dumps on day one | $775k | $16k | 87% | $0.000775 | buyers get 89¢/$; bid ends above open |
| $576k pump | $3.14M | $759k | 5% | $0.000911 | ladder sold $458k into it |
| …then everyone dumps | $1.84M | $44k | 91% | $0.001828 | $714k paid to sellers; bid 3.4× launch |
| 30 days at $1M/day, balanced flow | $2.99M | $1.75M | — | $0.002991 | $30M traded · 4.8% of it stayed |
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