What dies
A working protocol whose fees go somewhere other than the holder. Hock Finance shipped real lending markets with real borrowers at 85% utilization and fell 77%, because its fee went to a feeRecipient address.
$FLOAT
A token with customers.
Almost every token on this chain earns fees on its own speculation. Float earns a markup from people paying for something they actually wanted. That difference is the entire thesis.
Contract address
The token is not live yet. When it is, the address appears here and nowhere else first. Anything claiming to be $FLOAT before then is not.
The engine already runs
This is not a roadmap. A wallet holding zero ETH deployed itself and sent money on mainnet, and float kept the margin on the gas it fronted.
- Gas float fronted
- $0.0331real cost to float
- User paid
- $0.0391in USDG, no ETH
- Float kept
- $0.0060per transaction
- Markup
- 5%capped at 20% in the contract
Every figure above is from a real transaction you can open on the explorer, not a projection: 0xee55c7f0…f617.
Why this is different here
We researched every token on Robinhood Chain with real trading, 110 of them. One pattern separated the survivors from the corpses, and it was not product quality.
What lives
A legible claim on a real cashflow. Hotdog is a joke about a Costco hot dog and holds its value, because 70% of its fees pay holders in Costco stock.
The five best-engineered projects on the chain are worth about $7.5M combined. The five with no product at all are worth about $215M. Engineering is not what gets paid here. A claim on cashflow is.
Float is unusual in that it has something to make a claim on: money from outside its own speculation.
What holders get not live yet
The revenue exists and is measurable today. The mechanism that routes it to holders is the next thing to ship, and it will be stated here in exact terms, on chain, before launch, not as a promise in a thread.
We would rather show an empty box than a fake number. Supply, distribution and the exact split are not set yet. When they are, they appear here and in the contract at the same moment, and this badge comes off.
What is already true and verifiable: the markup is set on chain, the ceiling is a constant nobody can raise past 20%, and the treasury address is public. Anyone can watch what the paymaster collects.
Honest arithmetic
At about a cent of margin per transaction, this is a volume business, not a margin business. Here is what that means, plainly.
| Transactions per day | Per day | Per month |
|---|---|---|
| 1,000 | $6.00 | $180 |
| 10,000 | $60.00 | $1,800 |
| 100,000 | $600 | $18,000 |
So the question to judge this on is not whether the technology works, that is settled and on chain. It is whether a chain built for stock traders ends up with a lot of people who never want to own ETH. We think it obviously does, because that is who it was built for.
Why "Float"
Float is a finance word before it is a crypto one. It is the money a business holds between collecting and paying out. Buffett built Berkshire on insurance float.
That is literally what this contract does: it holds a reserve, pays your fee to the chain up front, and collects from you in the token you already had. It runs a float.
The duck is the other kind of float. Both are true, which is more than most tickers can say.
Where to look
- Paymaster
- reading…
- Treasury
- reading…
- Token
- not launched
Read the docs for how the machine works, or open the app and send something with a wallet that has never held ETH.