Butterfly Guardian (Mechanism Explanation)
Automatic Buyback Support System
Core Functionality
Automatically repurchase and destroy tokens, providing support when prices drop.
How It Works
Automatically receive funds
The contract receives BNB (usually from token transaction taxes)
Checks are triggered when the contract balance reaches 0.03 BNB
Price Monitoring
Real-time monitoring of the token's price on PancakeSwap
Triggers buyback when the price drops ≥ 5% compared to the last purchase
Automatic Buyback
Uses 0.03 BNB to purchase tokens
The purchased tokens are automatically sent to the burn address
Reduces token circulation, supports price
Safety Mechanism
Must wait 100 blocks (about 5 minutes) after each buyback
Prevents frequent trading and price manipulation
Protections on deployer privileges to prevent fund locking
System Features
Low threshold trigger: Buyback can be triggered with 0.03 BNB
Sensitive price monitoring: Automatic buyback at a 5% drop
Automatic execution: No manual intervention required
Safe and reliable: Deployer privilege protection to prevent fund locking
Pancake-specific: Optimized specifically for PancakeSwap
Parameter Settings
Buyback Threshold: 0.03 BNB
Price Drop Trigger: 5%
Block Interval: 100 blocks (about 5 minutes)
Slippage Protection: 10%
Buyback Method: PancakeSwap (Pancake)
Workflow Examples
Scenario 1: First Buyback
Contract receives 0.03 BNB → Directly triggers buyback → Buys tokens and burns them
Scenario 2: Price Drop Trigger
Contract balance ≥ 0.03 BNB
At least 100 blocks since last purchase
Price drop ≥ 5% → Triggers buyback
Scenario 3: Price Did Not Drop
Contract balance ≥ 0.03 BNB
At least 100 blocks since last purchase
Price did not drop → Update price benchmark, wait for the next opportunity
Applicable Scenarios
Token projects need automatic support
Reduce circulation through buybacks
Provide support when prices drop
Need a low-threshold, high-frequency buyback mechanism
In simple terms: This is a "smart support robot" that automatically uses 0.03 BNB in the contract to repurchase and destroy tokens when prices drop by 5%, helping to stabilize prices. The low threshold design allows for more frequent buybacks, providing continuous price support.