As part of the tokenomics, we will use part of the platform revenue to buy back and burn BUTTER.
There are two major sources of BUTTER burn:
Automagically burn from ButterSwap system components
Manual burn using ButterSwap revenue
Currently, the system components of ButterSwap that supports automagical BUTTER burn are as follows with more to come in the near future:
50% of auto BUTTER pool early withdrawal fee.
50% of auto BUTTER pool performance fee.
10% of blind box sales.
10% of plate unlock fee in the dinner table.
50% of auction fee in the auction market.
100% of auction early cancelation fee.
30% of auction revenue for NFT collectibles.
100% of microphone revenue.
Except for the first manual burn, we plan to do one manual BUTTER melt each Friday, because we love Fridays #TGIF.
Below is the list of detailed burn schedules:
Total amount burnt manually