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.
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Cryptocurrency crash, Bitcoin falls below $80,000, and the blame is once again placed on the old man (referring to Trump's apparent incompetence). 😂
The cryptocurrency market suffered another major blow over the weekend. Bitcoin's price fell below the $80,000 mark, hitting a new low since April of last year, continuing its nearly month-long downward trend.
The trigger for this sell-off is widely attributed to the news of Trump's nomination of Walsh as Chairman of the Federal Reserve. This expectation not only hit cryptocurrencies but also caused previously surging gold and silver prices to reverse course, overturning the market's logic of shorting the US dollar.
During the relatively thin liquidity of the weekend, buying power was insufficient, and Bitcoin's decline on Saturday reached as high as 10%, hitting a low of around $75,709. Other major tokens such as Ethereum and Solana suffered even more severe declines, both exceeding 17%. According to CoinGecko data, the total market capitalization of cryptocurrencies evaporated by approximately $111 billion in the past 24 hours. In the past 24 hours, approximately $1.6 billion in long and short positions were liquidated, with the majority occurring in the last four hours, primarily concentrated in Bitcoin and Ethereum contracts. A mixed bag of fortunes 😁
Have the safe-haven myth collapsed? Funds flow to gold and silver.
It's worth noting that Bitcoin's safe-haven attributes as "digital gold" have not materialized in this round of volatility.
Multiple negative factors overlap, casting a shadow over the market outlook.
Besides the depressed market sentiment, cryptocurrencies face multiple other pressures.
First, there's geopolitical risk. According to Xinhua News Agency, Trump stated that the US and Iran are negotiating, and an advisor to Iran's Supreme Leader also indicated that a "negotiation framework" is being formed. Market concerns about regional tensions persist.
Second, there's regulatory uncertainty. The regulatory bill for a new market structure for the US cryptocurrency industry has been delayed, and the Senate committee has shifted its focus to housing issues, weakening market expectations for regulatory clarity and dampening investment enthusiasm for digital assets.
Finally, and most importantly, is the anticipated personnel changes at the Federal Reserve. Former Goldman Sachs chief economist Gavyn Davies analyzed that choosing Warsh would reduce the risk of a crisis triggered by a "sell America" trade 😱, respecting the market.