Risks and trust

Tokens are speculative. Their price can fall to zero, liquidity can disappear and trading can become difficult. A rebate reserve does not change those risks.

Rebates are partial and never guaranteed. They can be delayed, withheld for incomplete evidence or unavailable because the reserve is insufficient. No price floor or full-refund promise exists.

You sign token trades in your own wallet. Pump.fun and PumpSwap process the venue transactions. Float’s treasury collects creator fees and operates the reserve and payout flow.

The reserve is managed by the platform. This is a custody and operational trust assumption: the fee-collection system, treasury authority, indexer and payout service must work correctly. Your self-custody trading wallet does not make the rebate reserve noncustodial.

Do not assume the application or rebate system has an independent audit unless an actual audit report is published.

RPC outages, missing historical trades, unsupported transfers and stale prices can stop eligibility calculations. Float marks incomplete data instead of replacing it with a made-up estimate.

A displayed pending rebate is an accounting obligation, not an on-chain payment receipt. Finalized evidence is required before a payout is marked paid.