Tokenomics ✨📊✨

Overview

Ticker: $BUCKS

Contract Address:0xda28b68483c44f563168b6e4b7df9209a02ed64e

Chain: Binance Smart Chain (BEP-20)

Initial Supply: 10,000,000 ($BUCKS)

Total Supply: Unlimited

Emission Rate: Token/Block

• 1st Week - (4 Tokens/Block)

• 2nd Week - (3 Tokens/Block)

• Future Reductions - Will be voted by the community via snapshot.

• 15% of each minted token will be automatically sent to the BuckSwap Trust Account to be used on further development and marketing.

DEX Fees

• When users make a token swap (trade) on the exchange users will pay a 0.2% trading fee, which is broken down as follows:

  • 0.17% - Returned to liquidity pools in the form of a fee reward for liquidity providers.

  • 0.03% - Sent to the BuckSwap Trust Account to be used on further development and marketing.

Staking & Liquidity Mining Fees

• There will be a 0% deposit fee on all pools during the first week after launch.

• Thereafter, there will be a 6% deposit fee on all Non-$BUCKS staking pools.

• This 6% fee will be burnt to elevate the price for all $BUCKS holders.

Controlling $BUCKS Supply

• There is currently no hard cap on the supply of $BUCKS tokens, making it an inflationary token.

• Understandably, community members often point to this as a cause for concern and understandably wish for a hard cap, however there's a big reason we don't expect to set one in the near future: $BUCKS' primary function is to incentivize providing liquidity to the exchange. Without block rewards, there would be less incentive to provide liquidity (LP fees etc. would remain).

How BuckSwap Counters Inflation

• BuckSwap has developed a method of making deflation higher than emission by building deflationary mechanisms into BuckSwap's products. The goal is for more $BUCKS to leave circulation than the amount of $BUCKS that's produced.

• Reducing Block Emissions

  • By reducing the amount of $BUCKS made per block, we are able to slow inflation. The first method is by effectively reducing the number of $BUCKS produced from 4 $BUCKS per block to 1. However, we don't want to do this too frequently, too early, for the same reason we don't want a hard cap: we still need to incentivize people to provide liquidity.

• Deflationary Mechanisms

  • Regular token burns are built into many of BuckSwap products (like a 6% burn of $BUCKS spent on fees accrued in the BuckSwap Mine and Vault), with more on the way.