Governance ✨🏛✨

The BuckSwap Organization is comprised of like-minded individuals who aim to create an objective yield farming platform that is both secure and advantageous to the community. Unlike most projects, BuckSwap is being built by both experts in software development and business-minded individuals who’ll be able to bring these tools to the masses with great code, marketing, and partnerships.

The BuckSwap community is always proposing new use cases. The $BUCKS token’s supply mechanisms have been built with long-term holders in mind. It is against the nature of Buck Swap to dilute early users for the benefit of others, thus the $BUCKS token has many built-in burning mechanisms and deflationary implementations to ensure it is continuously appreciating in value for both newcomers and legacy holders. In order to increase $BUCKS’ value over time and balance the circulating supply of our token, the token was engineered with several key burning mechanisms in place.

Voting

• Each $BUCKS staked in the Staking Contract will generate an equal number of votes in the BuckSwap governance contract.

• The votes can be used to decide further developments and changes to the BuckSwap protocol.

Proposals 

• Every $BUCKS holder will be able to offer a proposal.

  • Every proposal will cost 0.1 $BUCKS which will go to the BuckSwap Trust Account to be used on further development and marketing.

  • For a proposal to be executed, it must obtain 30% of all possible votes.

  • More than 50% of the 30% of all possible votes must be “YES”.

Vote Vesting 

• Any person who votes will have 48 hours of vesting on their tokens in the Staking Contract; this is necessary in order to prevent voting manipulation.