IN PLAIN WORDS · THE WHOLE PROJECT IN THREE SENTENCES
A memecoin where every trade quietly buys US Treasury bills for the holders.
1 · It trades like any memecoin.
Buy and sell FLOOR on Robinhood Chain, 24/7. Every buy pays a 2% tax, every sell pays 4%. That tax is the whole engine.
Trade
2 · The tax becomes US T-bills.
The tax is converted into SGOV, a token backed by short-term US Treasury bills, and locked in a vault that belongs to every FLOOR holder. Nobody can take it out; it only accumulates.
Accumulate
3 · You can always cash out at the floor.
Hand your FLOOR back at any time and take your share of the T-bill vault. That share is the floor price, and by design it only ever rises.
Redeem
04 · THE FLOOR, LIVE
The floor is live-readable, or it is nothing.
Every figure below is a live on-chain read via this site’s own RPC calls, cached 60 seconds. Before launch the floor fields say so. We will not show a floor number before one exists.
opens at launch
Floor per token · USD
vaultSGOV ÷ effectiveSupply × Chainlink SGOV/USD
opens at launch
Vault SGOV balance
live eth_call · verifiable on Blockscout
…
SGOV trailing APY
shown once oracle history is long enough to be honest
opens at launch
FLOOR locked in the vault
1,000,000,000 minus live effectiveSupply()
TOKENOMICS · FULL DISCLOSURE
Everything, including what the operator earns.
Most token sites bury the fee switch. Here it is, in gold. If any disclosure below turns out to be false, the contracts are on-chain to prove it.
1,000,000,000 FLOOR. Fixed forever.
The token has no mint function and no burn function: totalSupply is constant. Every redeemed FLOOR is locked in the vault forever, so the redeemable (effective) supply, the floor’s denominator, only ever falls.
Total supply
Launched on Flap’s public curve. Nobody holds FLOOR they didn’t buy.
The token is created by the Flap launchpad (flap.sh) and sold on a public bonding curve that graduates into a DEX pool whose liquidity Flap locks. No team allocation, no presale, no airdrop reserve, no treasury; the only launch-day position is the disclosed creator initial buy, made on the same curve at the same price as anyone.
Allocation
Liquidity the operator never holds.
Before graduation, trading happens on Flap’s bonding curve. At graduation, Flap seeds the DEX pool and locks the liquidity. The operator never custodies the pool and has no withdraw path.
Liquidity
The operator earns 40% of the ETH the converter receives. That is the entire business.
Flap routes the post-cut tax stream to FloorConverterV2 as ETH. The converter pays 40% to the operator; the other 60% is converted to SGOV and swept to the vault (oracle-guarded, ±3% slippage cap). No tokens, no treasury, no mint key: the operator only earns when FLOOR actually trades, and every trade that pays the operator also feeds the floor.
Operator revenue · said plainly
A 2% buy / 4% sell tax funds the floor.
Charged only on pool trades; plain wallet transfers pay nothing. Flap’s protocol keeps 41% of the collected tax after graduation (60% during the bonding curve); 100% of the remainder is routed to our converter. The rates are immutable once set.
Trading tax
2% redemption fee: kept by the vault, paid to no one.
Redemption pays out 98% of the redeemer’s pro-rata SGOV; the 2% stays in the vault so every exit mechanically raises the floor for everyone who remains.
Redemption fee
No owner on the vault or converter. The token is Flap’s contract.
FloorVaultV2 and FloorConverterV2 have no owner, no pause, no setters, and no upgrade path; their constructors are the entire configuration surface. The token itself is a FlapTaxTokenV3, created and controlled by the Flap launchpad’s fixed implementation: it was never ours to renounce. Immutability on our side still cuts both ways: bugs cannot be patched either.
Admin keys
The vault starts empty. The floor starts near zero.
No fake day-one backing: at creation the vault holds nothing. The floor is built entirely by the trading tax, exit fees, T-bill yield, and donations, and we’d rather tell you that than pretend otherwise.
Genesis
The backing is a real-world asset.
The vault holds an RWA (tokenized US Treasury bills), not ETH, not our own LP. Crypto crashing does not shrink the floor, and T-bill interest raises it even at zero volume. Backed-by-itself is the failure mode of every other “backed” memecoin; FLOOR’s floor is anchored somewhere the casino can’t touch.
The RWA link
Flap sits in the tax path. Said plainly, not hidden.
Flap’s Portal and tax processor are upgradeable contracts that Flap controls, and Flap could in principle redirect the tax beneficiary away from our converter. Our keeper checks the beneficiary on every run and this site can read it live. What Flap can never touch: the SGOV already in the vault.
Platform trust
The tax expires. We set its duration to roughly a century.
Flap taxes carry a fixed duration, set at creation and immutable afterward. Ours is set to about 100 years: effectively permanent, but “effectively” is not “forever”, so it is disclosed here and in the risks.
Tax duration
REDEEM · IN-KIND, PERMISSIONLESS
Redeem FLOOR, take your T-bills.
Two transactions: approve the vault, then redeem. Your FLOOR is locked in the vault forever, and you receive SGOV, the T-bill token itself, directly: in-kind, pro-rata, no oracle, no swap in the money path.
vault livein-kind · 2% fee stays in vault
no injected wallet detected
FLOOR to redeem
You receive (SGOV, after fee)enter an amount
Redeeming locks your FLOOR in the vault forever (the token has no burn function) and sends your pro-rata share of the vault's SGOV (tokenized 0–3 month US T-bills) directly to your address: you receive the T-bill token itself, in-kind, no oracle, no swap in the money path. The 2% fee is retained by the vault, so every exit raises the floor for everyone who stays.
SELL SGOV · TWO CLICKS, MARKET-MAKER PRICE
Turn your SGOV into ETH, right here.
Redeemed and want out entirely? Sell your SGOV for ETH or the Paxos dollar (USDG) at the professional market-maker price without leaving this page. Quotes are compared live against the same Chainlink price the vault uses, so you can see exactly how fair the fill is.
market-maker quotes livesell SGOV · ·
no injected wallet detected
connect your wallet to see your SGOV
SGOV to sell
You receive (ETH)connect for a live quote
Quotes come from professional market makers via the LI.FI aggregator (the same liquidity behind Robinhood Wallet swaps) and are compared above against the same Chainlink SGOV price the vault uses; recent fills clear at roughly 99.6% of the oracle price. The approval goes to LI.FI's verified router contract and this site never holds your funds. Quotes expire in seconds; if a sell misses its window, pressing Sell again fetches a fresh one. USDG is the Paxos-issued Global Dollar and can be bridged to USDC on major chains in seconds via Across.
0xC21538328C2B4Db8D215e8D646aC1d1E14ca7777
This page is the single source of truth for the contract address. Any “FLOOR” token circulating before it appears here, or under any other address, is a copycat. Verify here, always.
Canonical FLOOR contract address
RISKS · READ BEFORE YOU TOUCH IT
The honest part.
- The floor starts near zero. There is no pre-funded backing. At launch the vault is empty; the floor is built over time by the trading tax, exit fees, and yield. Early on, the redeemable value of FLOOR will be very small.
- The floor is funded by a tax that expires. The 2% buy / 4% sell trading tax has a fixed duration, set at creation to roughly 100 years. Effectively permanent is not literally forever: after expiry, the floor grows only from exit fees, T-bill yield, and donations.
- We depend on the Flap launchpad, a third party.The token contract and the tax routing are Flap’s: its Portal and tax processor are upgradeable by Flap, which could in principle redirect the tax beneficiary away from our converter. Our keeper checks the beneficiary on every run and this site can read it live; SGOV already in the vault can never be touched by Flap.
- The floor grows only with usage.No trading means (almost) no growth: only SGOV’s own yield on whatever the vault already holds. The mechanism is honest, not magic.
- Market price can still fall. The floor bounds redemption value, not the market price above it. Whatever premium you pay over the floor is ordinary memecoin risk and can go to the floor, which may be near zero.
- SGOV is economic exposure only. The tokenized T-bill ETF confers no shareholder rights and carries jurisdictional restrictions. Its Chainlink feed updates 24/5, so USD figures can be stale on weekends (redemption is in-kind and unaffected).
- Robinhood Chain is new and thin. Liquidity is shallow, infrastructure is young, and on-chain conditions can change quickly.
- The contracts are unaudited at launch. They are deliberately small, immutable, and unit-tested in this repository; an external audit has not been completed. Immutability cuts both ways: bugs cannot be patched.
FLOOR is a memecoin with an on-chain SGOV redemption floor. The floor is denominated in SGOV tokens (tokenized 0-3mo US T-bills, economic exposure only, no shareholder rights, jurisdictional restrictions apply). Floor value in USD depends on SGOV's Chainlink price. Not available where prohibited. Nothing here is investment advice. High risk.