๐Ÿ”ฅ BUTTER Burn

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

Automagical BUTTER burn

Currently, the system components of ButterSwap that supports automagical BUTTER burn are as follows with more to come in the near future:

  1. 50% of auto BUTTER pool early withdrawal fee.

  2. 50% of auto BUTTER pool performance fee.

  3. 10% of blind box sales.

  4. 10% of plate unlock fee in the dinner table.

  5. 50% of auction fee in the auction market.

  6. 100% of auction early cancelation fee.

  7. 30% of auction revenue for NFT collectibles.

  8. 100% of microphone revenue.

Manual BUTTER burn

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

24,274,691.929859982578982

Burning date

Burnt amount

Blockchain link

2021-9-24

7,346,317.788965732219770713

โ€‹Linkโ€‹

2021-9-17

4,733,465.793294566293757923

โ€‹Linkโ€‹

2021-9-10

5,921,017.687312302443491161

โ€‹Linkโ€‹

2021-9-3

1,386,908.183734548326230198

โ€‹Linkโ€‹

2021-7-16

611,712.029088354598724774

โ€‹Linkโ€‹

2021-7-9

601,581.103481838483531741

โ€‹Linkโ€‹

2021-7-2

1,013,971.304666088300429996

โ€‹Linkโ€‹

2021-6-25

1,018,571.196305816147254172

โ€‹Linkโ€‹

2021-6-19

925,161.813775926809206189

โ€‹Linkโ€‹

2021-6-18

715,985.029234808956584999

โ€‹Linkโ€‹