Uniswap has started a trend to revolutionize decentralized finance and automated market-making recently, even beating Coinbase in daily trading volume early September. We want to add a more comfortable service to all the DEX out there, starting with Uniswap. We want to become one of your favorite DEX and DeFi service. Forget about the meme, we believe that DeFi projects have to make sense in the long term. Everyone at ButterSwap can participate in smart contract-based DeFi applications and governance.
We prefer Butter over Burger or Sushi
Well, remember, you can only eat sushi cold. How about some cold-hearted-good-old butter on your favorite burgers or even on pizza? While SushiSwap’s idea is kind of interesting, the project also caused a huge loss in confidence in DeFi projects due to its transparency issue. We assume all of you are somewhat familiar with how Sushi works, but we are convinced that some of us would have done things in a different way.
One major flaw of the SushiSwap project and similar projects is, they don’t really care about community and governance. Incentives for liquidity providers and staking rewards are low and that will not change, due to the undemocratic way the protocol is created.
So, while sushi is seen as food for the elite, Butters is for everyone, right?
And this is exactly the idea of Butter Making DeFi accessible for everyone.
We love to see you smile
ButterSwap is created for the community and its growth will be highly dependent on the community, by default.
ButterSwap emphasizes the concept of a “democratized decentralized exchange”, which means that governance is not optional but mandatory. The users make the rules!
We believe that the majority of the governance models in the DeFi space don’t apply real governance, as these models heavily rely on coders to change the contracts. ButterSwap is the people’s exchange and its parameter are directly determined by the people. Users of ButterSwap can actually vote to change parameters of the exchange, including trading fees, staking rewards, mining speed, etc. And what’s more, users can only get staking rewards if they participate in the voting!
Flippin’ your own Butter
Now let’s dive a bit deeper in the governance highlights of ButterSwap.
Mining rewards (Butter) for liquidity providers is a huge advantage of BUTTERSWAP. Liquidity providers will earn Butter reward along with 80% of trading fees generated on the platform. ButterSwap will use other DEX to swap at the best price, this means ButterSwap ensures the lowest slippage even for a larger volume.
Each new block generates 100 new BUTTER that goes to LP providers and traders. By default, the ration is 95% for LP providers and 5% for traders. This ratio can be changed later by the governance voting system.
To earn trade mining rewards, the user must stake BUTTER at any pool on Butterswap.
By default, anyone can create a new token pool just like Uniswap. This can be changed later by governance voting.
Eating Your Butter
BUTTER will have a limited time presale to raise funds and awareness. Unlike many other DEX, we will only have one token that is BUTTER. At the launch on Uniswap, BUTTER will have 200 ETH locked liquidity from the team and all funds raised from the presale. We expecting to add +500 ETH as BUTTER/ETH liquidity on Uniswap. If you participate in the presale, you should have your precious BUTTER at the cheapest price ever. Eat better BUTTER here.
Eat Butter Info
We want you to eat BUTTER before it can be purchased on Uniswap. BUTTER will be on Uniswap at the same time when ButterSwap goes live with its awesome service. You can track the launching countdown on the ButterSwap website. Before that, we want to offer some BUTTER at a discounted price for early adopters. A total of 100,000 BUTTER is up for sale in the presale. The first few hours of the presale, we call "EARLY BIRDS HOUR" then until the presale ends, We call it "BUTTER FIRE HOUR".
During the EARLY BIRDS HOUR, the price of BUTTER is set to 0.002 ETH. And for the BUTTER FIRE HOUR, the price of BUTTER is set to 0.009 ETH. If you are interested in early support, you need to purchase BUTTER on CCtip Exchange. Click here to buy BUTTER.
BUTTER team reserves the right to end the presale at any time without notice.
The ButterSwap exchange aims to be you most secured DEX service provider while working alongside with Uniswap.