Launch a token with a floor its holders can redeem.
Plinth is a launchpad for Solana projects. Proceeds, less the 1% protocol share and the team share, sit in tokenized T-bills, and any holder can redeem against them whenever they like. Sell at $1.00 with a 20% team share and the floor opens at $0.7920.
How the floor moves
Tokens sell at $1.00. The 1% protocol share comes off first, then the 20% team share of the rest, $1,980,000. Both are paid out at the sale, and every other dollar stays in the vault.
The vault holds tokenized T-bills and a USDC buffer. A year of interest at 4.00% adds $316,800, and the floor rises with nobody acting.
When the pool price dips to $0.79, buying there and redeeming at the floor pays 3.74%, so 500,000 tokens come back. Each redemption leaves its 0.5% fee in the vault, $2,059 here, and the floor moves at the fourth decimal.
New tokens may only sell at F ÷ (0.99 × (1 − s)) or more, the mark on the post. Selling 1,000,000 more brings in $950,400 after the protocol and team shares, and the floor clicks once more.
Treasury$7,920,000÷Supply10,000,000=Floor$0.7920
Model launch
Launch studio
Set the sale, the team share and where the yield goes, and see the floor before anything is signed. The same launch opens in the app, where one signature creates it.
- Sale price
- $0.500
- Floor at open
- $0.4208
- Most a sale buyer can lose
- 16.3%
- Raise at full sale
- $10,000,000
- Protocol share, 1%
- $100,000
- Team at sale
- $1,485,000
- Treasury
- $8,415,000
- Floor growth
- +3.60% / yr
Every token page shows the floor beside the price.
Buyers see the most they can lose before they sign. Holders redeem at the floor for the exact USDC on the button, and the fee they leave lifts the floor for everyone who stays.
- Price
- $1.2140
- Floor
- $0.84679355
- Floor growth
- +4.00% / yr
Treasury flows
Four flows add to the treasury. One instruction takes from it: a holder redeeming at the floor.
The 1% protocol share and the team share are paid out when the sale settles. The rest of the proceeds goes into the vault and sets the opening floor.
$PLINTH
Plinth’s own token. Every sale made with Plinth, a launch’s first and each follow-on, pays 1% of its proceeds to the protocol before the team share and the treasury, and all of it buys $PLINTH in the market to burn.
- Supply
- 1,000,000,000, fixed
- Launch
- 100% in one public launch, on the same terms for everyone
- Held back
- None: no presale, team allocation, investor allocation, airdrop, reserved supply or vesting
Tokens launched with Plinth are their own, each with its own treasury and floor, and their redemption fees stay in those treasuries.