^ I wanted to know what the floating does.^
Thanks For Your Help,
If you google for “ionic documentation ion-label floating” on #1 you will be linked to https://ionicframework.com/docs/api/components/label/Label/.
Searching for “floating” in that page brings you to https://ionicframework.com/docs/api/components/label/Label/#attributes
A label that will float above the input if the input is empty or loses focus.