BUTTER lives in ButterSwap Decentralized Exchange's heart as a native token for taking all advantages on this platform. We have some major updates about ButterSwap, please read.
Buy BUTTER on CCtip Exhcange (Presale)
BUTTER Update
We had a deep discussion with early investors and our core developers, to take a forward step and make some change in tokenomics. We are taking one big step to change everything upside down because we want to build a game-changing decentralized exchange. We capped the max supply of BUTTER token, it will remain unchanged but the circulation supply should be significantly lower because of the locking reward nature.
What changes are coming?
BUTTER token supply, a new token for liquidity provider, staker rewards including structure fundamentals, etc.
- BUTTER will have 110,000 fixed maximum supply ever, 10,000 is reserved for team members (will be locked for 12 months).
- LP provider will be rewarded with LPBTR token. Every 24 hours, there will be 50,000 LPBTR to be shared among all LP provider. In future voting, the reward pool can be changed. (This amount is subject to adjust upon launch)
- LPBTR max supply is set to 55,000,000 for the first 3 years, a new proposal will come once needed.
- 50% of platform generated fees will be used to buy LPBTR and burn to reduce the supply.
- 30% of platform generated fees will be used to buy BUTTER and burn to reduce the supply.
- 15% of platform generated fees will be used for service development.
- 5% of platform generated fees goes to the BUTTER team members.
- All these fee structures can be changed by voting.
- We might develop a main-net for our LPBTR and make it our day to transaction method, which includes with some fiat service provider to connect our DEX with fiat transaction.
- To get voting power, the user requires a minimum of 200 BUTTER staked (this is to reduce spam voting)
- Once a vote occurs and something change happens, it cannot be changed again in the next 6 months.
- A minimum of 20% of stakers must vote to validate a proposal.
Presale Update
- Presale structure remains same, 100,000 BUTTER available. Currently 48,023 more BUTTER available, the rest are already sold.
Presale price increases every 24-48 hours, a countdown timer can be found on the website presale page. - Once the presale ends, there will be a smooth token SWAP to convert all your BUTTER, and you get erc-20 BUTTER ready to use on ButterSwap or Uniswap.
- If you purchase on CCtip exchange don't need any action, if you purchase through direct ETH payment, wait until the platform launch. Your token will be credited at the same time.
There is only one way to get BUTTER, it joins the presale while it's cheap.
Remember one wise advice, "early investors always win".
Good luck on your investment, Good luck to all BUTTER holders.