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

How it works

Every coin on FLOATX is anchored to one token: a tokenized stock such as NVIDIA, Tesla or Apple, a crypto token such as SOL or USDC, or any other pump.fun coin. The coin trades against that token on pump.fun, and it can be bought and sold on any Solana terminal or aggregator, such as Axiom, GMGN or Jupiter.

On top of that, the creator picks up to ten stocks, funds or crypto tokens that the coin's holders are paid in. Every creator fee the coin earns goes to its holders, paid out in those ten, one after another.

Every coin is created by FLOATX: the FLOATX wallet is the coin's creator on pump.fun, and the wallet that launches it pays for the launch and can make a first buy in the same transaction that creates the coin, so nobody can buy before it. Coins have a fixed supply of 1,000,000,000 and no mint or freeze authority. The price follows pump.fun's bonding curve as people buy, and when the curve is complete the coin moves to a PumpSwap pool.

Launching costs about 0.012 SOL on a SOL pair and about 0.017 SOL on a stock pair, plus the first buy. That is the rent for the coin's accounts on Solana and the network fee. FLOATX charges nothing for it.

Pair and payouts

A bonding curve trades against exactly one token, so a coin has one pair. What FLOATX changes is the other side: instead of paying holders in that one token, it pays them in up to ten.

• The pair is what the coin trades against. It can be SOL, USDC, any stock or crypto token pump.fun accepts as a pair (– of them), or any pump.fun coin. Fees that come in as the pair are swapped to SOL before they are split.
• The payouts are up to ten tokens from a list of 1,829: xStocks and Backpack stocks, funds such as the S&P 500, the Nasdaq 100 and gold, and crypto. Any Solana token that Jupiter can buy can be added by its mint address.
• Each payout round pays one of the ten, in the order the creator picked them, so over ten rounds the holders receive all of them.

Fees

pump.fun lets a creator send a coin's creator fees to other wallets through its fee sharing. A FLOATX launch sets that fee sharing to one wallet at 100%, the FLOATX payout wallet, and locks it in the launch, so neither the launcher nor FLOATX can send the fees anywhere else later. The split looks like this for every coin, before and after it graduates:

The payout wallet is –. Each coin's page shows whether its split is locked, read straight from the chain.

Payouts

The payout desk runs a round every 3 minutes. For each coin it collects the creator fees from pump.fun's vaults (and PumpSwap's once the coin has graduated), splits them over the holders in the books, buys the payout stock for that round through Jupiter, and sends it to every holder who is due.

Who gets paid. Every wallet that holds at least 0.2 SOL worth of the coin. The desk looks at the holders every 20 seconds, and the split goes by how much each wallet held multiplied by how long it held it since the last payout. Buying a second before a round earns about a second's worth. Program accounts, such as the bonding curve and the pool, are left out.

When it is sent. A coin pays out once its holders are owed at least 0.1 SOL together. Until then the fees keep being split every round and wait in the books as each holder's credit. A share that has been earned stays earned, even if the wallet sells afterwards.

How it is sent. One Solana transaction carries 18 payments, or 9 when the holders need a new account for the stock. A new account is opened only once a holder's share is at least twice its deposit, and the deposit is paid from that share. If a stock cannot be bought at a fair price (a price impact above 3%), the round moves on to the coin's next stock. A payment that does not land is sent again with the same signature, so it can never arrive twice.

Costs

These are the network fees for one round that pays 2,000 holders out of 1 SOL of collected fees, measured on Solana mainnet with TSLAx, a Token-2022 xStock.

That is about – of the fees. A new account for a stock costs a deposit of about –, which stays in the holder's wallet and can be taken back by closing the account.

Risks

• Coins are highly speculative. Most lose value, and you can lose everything you put in.
• Tokenized stocks are issued by third parties (xStocks, Backpack and others), not by the companies themselves. Those issuers keep powers over their tokens: they can pause transfers or change transfer rules. If a payout stock is paused, rounds skip it and move on to the coin's next one.
• The value of what holders receive moves with the stocks and tokens they are paid in.
• Wallets holding less than 0.2 SOL of a coin are not paid in that round. Their part goes to the holders above the line.

Contracts

The code that runs the payout desk is published on the source code page, with a SHA-256 fingerprint of each file, and every transaction it makes is listed on the Analytics page.