The life of a coin
- 1
The creator picks a stock (say NVDAB), a name, an image and a fee of 1%, 2% or 2.5%. Buy and sell fees are equal and last for the life of the coin.
- 2
The coin is created through Flap’s VaultPortal as a Tax Token V3 with the bfloat vault attached. Its address always ends in 7777.
- 3
Traders can pay in BNB: Flap swaps the BNB into the stock and buys the coin in one transaction. Paying with the stock directly also works.
- 4
On the bonding curve Flap also charges its own 1% trading fee. After graduation the PancakeSwap LP fee (0.25%) applies instead.
- 5
The fee is collected in the stock. Flap takes its 10% protocol fee, sends the holder share straight to holders as dividends, and sends the rest to the coin’s bfloat vault.
- 6
Anyone can press Cycle fees on a coin page. The vault pays the creator in the stock, sells the rest for USDT on PancakeSwap V3 above a TWAP floor, and sends it to the flagship burn, the trader pot and the treasury.
The split
All shares are of the fee after Flap’s 10% protocol fee (the net fee). Inside the vault the weights are integers out of 8,500, so the math is exact.
- 15% Holderspaid in the stock
- 5% Creatorpaid in the stock
- 35% Flagship burnbuyback and burn
- 35% Top tradersUSDT, daily
- 10% TreasuryUSDT
| Bucket | Vault weight /8500 | Share of net fee | Share of gross fee | Paid as |
|---|---|---|---|---|
| Holders | — | 15% | 13.5% | The stock, as native Flap dividends (hold at least 10,000 coins) |
| Creator | 500 | 5% | 4.5% | The stock, to the fee wallet chosen at launch |
| Flagship burn | 3,500 | 35% | 31.5% | USDT to FloatTreasury, which buys the flagship in slices and burns it |
| Top traders | 3,500 | 35% | 31.5% | USDT to TraderRewards, claimable by merkle proof each epoch |
| Treasury | 1,000 | 10% | 9% | USDT to the treasury wallet (keeper gas, indexer, audits) |
| Flap protocol fee | — | — | 10% | Taken by Flap before the split |
A 1,000 USDT buy of a 2% coin pays 20 USDT worth of the stock in fees. Flap keeps 2.00. Holders get 2.70. The vault gets 15.30: creator 0.90, flagship 6.30, traders 6.30, treasury 1.80. On the curve the trader also pays Flap’s 1% trading fee (10 USDT).
Who gets paid
Holders (15%)
Hold at least 10,000 of a coin and Flap pays you its holder share in the coin’s stock. Payouts are pushed automatically once you are owed about $4, or you can withdraw any time on the Rewards page.
Creator (5%)
Paid in the stock to the fee wallet set at launch, every time fees are cycled. Nothing to claim.
Top traders (35%)
Each day at 00:00 UTC a snapshot ranks wallets by volume across all bfloat coins (trades from any app count). The top 250 eligible wallets share the USDT pot pro rata, capped at 10% each. Bots (more than 300 trades in an hour, or 100+ an hour in five or more hours), contracts, insiders, round trips and coins younger than a day are excluded. Claims open 6 hours after the root is published and stay open for 60 days; unclaimed USDT rolls into a later pot. See the leaderboard.
Flagship buyback and burn (35%)
The flagship share buys the bfloat flagship token in small slices (at most 1% price impact per buy, at most every 10 minutes) and sends it to the dead address. Anyone can trigger a burn; the floors are on-chain. Until the flagship exists, its USDT waits in the treasury contract.
Treasury (10%)
Pays for keeper gas, the indexer, hosting and audits.
Stocks
Coins are quoted in bStocks: tokenized shares on BNB Chain such as NVDAB, TSLAB, AAPLB, GOOGLB, MSFTB, QQQB, SPYB and SPCXB. The create page only lists stocks that Flap currently accepts as a quote token and that the bfloat factory has registered. Prices on bfloat are shown per share; balances on-chain are raw units multiplied by each stock’s ERC-8056 display multiplier.
Risks
Read these before you trade or launch. Nothing here is investment advice.
Contracts
bfloat contracts on BNB Smart Chain. Every address links to the block explorer.
FAQ
Why are coins quoted in a stock?
Because the fee is collected in the quote token. Quoting in a stock means holders and creators are paid in that stock, so every trade turns into real stock exposure instead of more memecoins.
Do I need to own the stock to buy a coin?
No. Pay with BNB and Flap swaps it into the stock and buys the coin in the same transaction.
How do I get holder dividends?
Hold at least 10,000 of the coin. Flap pushes your share automatically once you are owed about $4, and you can withdraw earlier on the Rewards page.
Can the creator change the fee later?
No. The tier (1%, 2% or 2.5%) and the split are fixed when the coin is created.
Who presses Cycle fees?
Anyone. It only costs gas, and it moves the fees sitting in the vault to the creator, the flagship burn, the trader pot and the treasury.
When can I claim my trader airdrop?
Snapshots run daily at 00:00 UTC. Claims open 6 hours after the epoch is published and stay open for 60 days.
Why does every coin address end in 7777?
Flap requires a vanity suffix for tax tokens. Your browser mines a salt that produces it when you launch, which usually takes a few seconds.
What is the flagship?
The bfloat flagship token. 35% of every net fee buys it back and burns it, so all coin activity feeds one token.