How it works
How Basket works and where the fees go.
How it works
Every coin on Basket is paired with $FLOAT or with SOL. Paired with $FLOAT, its bonding curve is priced in $FLOAT, so every buy of the coin buys $FLOAT. Paired with SOL, it's a plain Basket coin. The launcher also picks what holders are paid in: a Float coin like PUSSY or APU, a tokenized stock like Tesla or NVIDIA, a crypto token, or the pair itself. Coins trade on the Solana terminal or aggregator of your choice, like Axiom, GMGN or Jupiter. You always buy and sell with SOL; the site converts.
Coins launch on Raydium LaunchLab with a fixed supply of 1,000,000,000, no mint or freeze authority, and a starting market cap of about $20,000. The price follows a bonding curve as people buy. At about 7.5x (roughly $150,000), the coin graduates: its liquidity moves into its own Raydium pool and is locked forever, so it can never be pulled. A coin's name, picture and links live on IPFS and can't change after launch.
Launching costs about 0.04 SOL in one wallet approval. A creator can make a first buy right after, as a second approval through Jupiter. On the launch form, that first buy is capped at 2% of the supply. The cap covers that one buy only: it doesn't limit what a creator buys afterwards like anyone else, or from other wallets. Once a Basket coin graduates, new coins can pair to it too.
Pairing to Float coins
A real pair with a Float coin (APU, PIRATE, PUSSY…) means your coin's bonding curve is priced in that Float coin, so every buy of your coin is a buy of it. On Raydium LaunchLab that needs a config for the token, and only Raydium can add one. So far only $FLOAT has one.
Until Raydium adds one for a Float coin, you pair your coin with $FLOAT and pick the Float coin under “Rewarded with” on the launch form. Your coin trades on the $FLOAT curve, so every buy of it buys $FLOAT, and the pairing to the Float coin runs through the fees:
- Buy and burn. Half of the holders' share of every fee buys the Float coin on the open market and burns it. That's the buying a real pair would send into it, and it takes that supply off the market for good.
- Holder rewards. The other half buys the same Float coin and pays it to your coin's holders, so they build up a stack of it while they hold.
So every trade of your coin buys $FLOAT through the curve, and buys the Float coin twice: once to burn, once for your holders.
The day Raydium adds a config for a Float coin, Basket switches to it straight away: new coins paired to it launch on a bonding curve priced directly in that Float coin. Coins already launched stay on their curve and keep buying and burning.
Fees
Every buy and sell pays a trading fee: 2% while a coin is on its curve, 1.25% after it graduates. Raydium keeps part of it (0.25% while a coin is on its curve). The rest is split like this:
| Holders | Bought & burned | Basket | Raydium | |
|---|---|---|---|---|
| $FLOAT, Float coin reward, on the curve | 0.25% | 0.25% of the Float coin | 1.25% | 0.25% |
| $FLOAT, Float coin reward, after graduation | 0.33% | 0.33% of the Float coin | 0.54% | 0.04% |
| $FLOAT, other rewards, on the curve | 0.5% | – | 1.25% | 0.25% |
| $FLOAT, other rewards, after graduation | 0.67% | – | 0.54% | 0.04% |
| Basket coin, on the curve | 0.5% | – | 1.25% | 0.25% |
| Basket coin, after graduation | 0.67% | – | 0.54% | 0.04% |
Basket's share, and everything else Basket earns (launch fees, Basket NFT mints and royalties, kept ticker fees), is split between its two owners on every payment: 50% / 50%, sent as it's earned. Both wallets are listed below. Once $BASKET launches, 25% of Basket's trading-fee income goes to the Basket NFT pot first.
Rewards
Holders. Every few minutes our payout bot collects each coin's fees and sends its holder share to its holders, pro rata, wherever they bought: the top 200 wallets holding at least 0.01% of the supply. Nothing to claim. Holders are paid in what the launcher picked: a Float coin, a stock, a crypto token, or the pair itself ($FLOAT, or SOL for Basket coins). The launcher's own wallet isn't paid.
Rewards are paid into the wallet's token account for that token; if it has none, the bot creates one once the wallet is owed at least $2, and its rent (about 0.002 SOL) comes out of that payment, once. Smaller amounts roll over to the next round. Fees are collected once they're worth more than the transaction that collects them, so a quiet coin costs nothing.
Burns. Coins with a Float coin as their reward spend half of the holders' share buying that Float coin and burning it (see Pairing to Float coins). Basket coins (paired with SOL) will do the same with $BASKET once it launches; until then their holders get the whole share. Coins paired with $FLOAT that pay $FLOAT, a stock or crypto don't burn: their holders get the whole share. The burn comes out of the holders' share only, never out of Basket's, and the buy and the burn are separate transactions, so both show on chain.
See what you're earning on Rewards.
Tickers
Tickers are 2 to 10 letters or numbers, and each one can be launched once for free. Case doesn't make a new ticker: $Pepe, $pepe and $PEPE are the same one. Launching a coin with a ticker that already exists costs 1 SOL if that ticker was launched less than an hour ago, and 0.5 SOL after that. The launch page shows the price before you launch, and you never pay more than it shows. If your coin graduates within 48 hours of launch, the wallet that launched it gets back the fee it paid, automatically; otherwise the fee goes to Basket. If the launch never goes live, the fee comes back within the hour. The original coin is not affected and keeps trading.
Basket NFTs
A Basket is an NFT with a vault only it can own. The vault fills with RWA and Float coins over time, and whoever holds the NFT owns what's in it. There are 1,000, each with its own pixel picture and a number that never repeats. Minting opens when $BASKET launches.
| You pay | Amount | Where it goes |
|---|---|---|
| Deposit | 100,000 $BASKET | Burned |
| Price | 0.5 SOL | 0.45 SOL to the NFT pot (the Baskets already minted) · 0.05 SOL to Basket |
| Account rent | ~0.02 SOL | The vault's own token accounts |
- Activate. One button opens the vault's token account for every token in the rotation. Until then there's nowhere to deliver to.
- Earn. The pot gets 25% of Basket's trading-fee income, 50% of $BASKET's own trading fees, and 0.45 SOL of every new mint, so each new Basket pays the ones already out. Every day has its token in the rotation. Once the pot is big enough that sending to every Basket costs only a small part of it, it buys that day's token and sends every activated Basket the same amount, straight into its vault.
- Collect. Withdraw whenever you want. Only the NFT's holder can.
- Sell. Trade it on Magic Eden or OpenSea. The vault and everything in it go with the NFT. Resales carry a 5% royalty.
The rotation: $SPYx → $FLOAT → $NVDAx → $PUSSY → $TSLAx → $PIRATE → $QQQx → $PI.
$BASKET
- It hasn't launched yet. Once it does:
- Minting a Basket burns 100,000 of it. Up to 10% of supply can be burned this way.
- Its own trading fees aren't paid to holders: 50% go to the Basket NFTs, the rest to Basket.
- Every Basket coin buys it and burns it: half of each Basket coin's holder share, every round.
- The Basket NFT pot buys it too, as one of the tokens in the rotation.
Contracts
Every fee passes through one of these, and all of them are public. Open any of them on Solscan and the transactions are the record.
- Basket owner 1 (50% of revenue)
- 3BeoY1BNrujeGbGMgVg8yQt4bCMSgZRnHnk9S2cD2cVX
- Basket owner 2 (50% of revenue)
- 375MwYPkDsxFMtUuURv9CGWWKiMX62bYQ9J7AV58Ge8p
- Payout bot (collects fees, pays rewards, refills itself)
- 73do56BUic5yULrgt3DP6AXSkKdAyruQbkbHJnafZ3Xx
- Basket NFT pot
- 9z7vra7AjN3mfS1a3JYreN5DjuufcVHHFwb4H36jj9R4
- Basket NFT collection
- 5VtKnZdeZcGNTFZPdbA934s8bmcrmfAkpo8fsdVgBn6b
- Ticker fee escrow
- AgNd6hEneRMVTs9wbWKvoMxZsm5tUS6rYh3ARaM7zjWA
- $BASKET
- Not launched yet
- Basket's Raydium LaunchLab platform
- FtvMUXuTxkZwjmY97d112UJPGUJjz2mzybnhY2p5Sppt
- Raydium LaunchLab
- LanMV9sAd7wArD4vJFi2qDdfnVhFxYSUg6eADduJ3uj
- Raydium CPMM
- CPMMoo8L3F4NbTegBCKVNunggL7H1ZpdTHKxQB5qKP1C
- Raydium CLMM
- CAMMCzo5YL8w4VFF8KVHrK22GGUsp5VTaW7grrKgrWqK
- Raydium Burn & Earn (lock)
- LockrWmn6K5twhz3y9w1dQERbmgSaRkfnTeTKbpofwE
- Metaplex Core (NFTs)
- CoREENxT6tW1HoK8ypY1SxRMZTcVPm7R94rH4PZNhX7d