What a floor is on CounterTools

An asset's "floor" is the cheapest qualifying price at which a real buyer could actually transact right now. It's computed from three independent venues and we display the lowest qualifying value across them.

• DEX (XCP pair) — open sell orders on Counterparty's on-chain DEX with the asset on the offer side and XCP on the receive side.
• DEX (PEPECASH pair) — same, but with PEPECASH on the receive side. Common for Rare Pepes.
• Dispenser — active dispensers posting the asset for BTC.
• OpenSea — Emblem Vault wrapped listings on OpenSea (ETH-priced).

We compute each venue's lowest qualifying USD price, then surface the lowest across all four. We also store the "native" price (in XCP / PEPECASH / BTC / ETH respectively) so the UI can show what the actual order looks like.

The $10 minimum order value filter

The thing that surprises new users: we ignore DEX orders whose total value to the buyer is under $10. Concretely, if someone posts an order to sell 5 units of ASSET for 0.0001 XCP total — that's about $0.0002 USD of value at the buyer's side — we don't count it as a floor candidate.

Worked example

For PEPECASH on May 15, 2026:

• Cheapest DEX (PEPECASH→XCP) ask was 774 PEPECASH for 2.88 XCP — total order value $5.39 — filtered out (< $10).
• Next cheapest DEX order was higher and qualified.
• Active dispensers listed 178,435 PEPECASH at 0.0000001 BTC per unit — total inventory worth $1,448 — qualified.
• OpenSea PEPECASH listings were significantly higher.
• Displayed floor: $0.00808 (dispenser), not $0.00694 (the filtered DEX dust).

Why we don't apply the filter to dispensers

Dispensers work differently from DEX orders. A DEX order is take-it-all-or-leave-it (modulo partial fills) — the order's total value is what the buyer must commit. A dispenser is a vending machine: you can buy 1 unit at a time at the posted rate, regardless of total inventory.

For dispensers, we use MAD outlier rejection over the recent population of dispenser sales to filter wildly misconfigured listings, instead of a USD threshold. See Pricing Methodology → Dispenser anchor.

When the floor is null

If an asset has no qualifying floor candidates from any venue — no DEX orders over $10, no active dispensers, no OpenSea listings — we leave the floor null rather than show a misleading number. Some currently-null examples:

• Currencies with no recent on-chain activity (WILLCOIN, COCOCASH).
• Long-dormant Rare Pepes with only sub-$10 dust orders or none at all.

The asset's detail page will instead surface last sale price with a year suffix (e.g. $3.82 ('17)) — a historical price, not current.