Social Impact
As The Bittersweet Movement works to make chocolate into money, the Bittersweet Trust will work to help improve chocolate industry practices, expand the market, and ensure that chocolate remains accessible and available to all.
Crypto and Chocolate Lovers Unite!
Bittersweet exists to make people happy and the world a better place by MAKING CHOCOLATE INTO MONEY! This brilliant new token helps provide crypto users and all of humanity with the soothing essence and calming effects of chocolate - the perfect comfort food for the soul!
Making Chocolate Money!
HOW IT WORKS: Chocolate is highly valuable. So, as Bittersweet tokens are traded, The Bittersweet Movement will naturally evolve into a very powerful financial force. By working together to promote its adoption, this global community will steadily transform the Bittersweet token into a decentralized, VIRTUAL COMMODITY CURRENCY with perceived value indexed to to the global chocolate market. This effectively turns chocolate into money once again, much like it was long ago! As a fair and equitable currency, however, this new Bittersweet money is for the betterment of mankind and the planet!
BITTERSWEET - CRYPTO AND CHOCOLATE POWER FOR ALL!
Check this space as Bittersweet grows for new exchange listings and relationship announcements:
About Bittersweet
Bittersweet is not just a new currency for speculation and monetary exchange but a much needed source of ECONOMIC POWER and EMOTIONAL SUSTENANCE for the world. It helps satisfy the cravings and desires of every adventurous soul navigating the unpredictable terrain of life and crypto - with CHOCOLATE!
NOTE: The following is an informative story, but we're having a little fun with it. This is the telling of the Bittersweet origin story the way things could have been in another time line. The story is almost true in that the general Bittersweet thesis is spot on.
Deep within the bustling city of New York, amidst towering skyscrapers and the relentless hustle of Wall Street, there once lived a renowned chocolate maker named Alexander “Alex” Von Sweet. However, Alex wasn't just a chocolatier – he was a first generation, Swedish immigrant with a rugged, adventurous soul and a passion for cutting-edge technology.
Swap your Bits for Bittersweet
Fiat currencies are bland and tasteless, and are only backed by the "good faith and promises" of governments that continually prove to be untrustworthy. In truth, most fiat money is worth less than the paper it's printed on. So, many nations and the ultra rich hoard gold. However, that's just a pretty metal which provides little additional utility beyond being scarce. Today, those who are able to do so, are also investing in Bitcoin and the global crypto industry. But, most crypto coins and tokens have no underlying or correlated value basis either. That tends to make crypto an extremely volatile and risky form of currency, too. The Bittersweet Movement is working to remedy these monetary problems in order to make the world a better place - and our simple solution starts with rich, velvety, delicious CHOCOLATE!
Big Community / Big Opportunity
By merging the love of both crypto and chocolate, Bittersweet is designed for massive market appeal and unparalleled global adoption.
The Strongest Network
The Bittersweet token is built on the Base Network, an Ethereum Layer 2 scaling solution incubated by Coinbase as a very secure, low-cost, and developer-friendly platform.
Tastes Great
Crypto is supposed to be the cure, but it can still be a hard pill to swallow. Any way you look at it, chocolate helps make the medicine go down!
Firm Foundation
As Bittersweet grows and the token's perceived value is firmly indexed to chocolate, The Bittersweet Movement will be able to expand its positive reach and influence, effecting change in other markets and industry sectors as well!
Bittersweet (BTSWT) Live
Tokenomics
Bittersweet is a large-scale community project with ninety percent (90%) of the total token supply being made available directly to the public.
Five percent (5%) of the total token supply is being held in a reserve account wallet for future CEX listings, if any.
Bittersweet's token creator/investor received two percent (2%) of the total token supply at genesis for his investment, with all of the tokens being locked for two years and subject to a stringent, three-year vesting schedule thereafter.
Three percent (3%) of the total token supply at genesis was transferred to the special purpose Bittersweet Trust. A very nominal transaction fee of 0.09% (.0009) will also be transferred to the Bittersweet Trust whenever tokens are traded. This fee is a very useful tool as it tends to be deflationary in nature, with the Trust utilizing all fee proceeds for social impact purposes which help improve chocolate industry practices, expand the market, and ensure that chocolate remains readily accessible and available to all.
A fixed supply of 150 Billion (150,000,000,000) Bittersweet Tokens were minted at genesis - approximately one token for each dollar of the 2024 reported value of the global chocolate (cocoa) market. The tokens can be divided to eight decimal places.
To provide increased market stability, the initial tokens held by the Bittersweet Trust are locked for one year and subject to a stringent, 2-year vesting schedule thereafter. In addition, 0.9% (.009) of each transaction is automatically contributed to the primary liquidity pool.
LP tokens for the primary liquidity pool are locked for ten years. The token contract will be renounced by the token creator/investor ninety (90) days after trading starts, effectively eliminating all centralized control, assuming no issues arise that could potentially necessitate a pause in trading to protect all token holders participating in The Bittersweet Movement.
PUMPING FOR CHARITY: During the early days of trading, the token creator/investor will utilize a custom bot to purchase and trade up to 3 Billion tokens from the primary liquidity pool using as many as 5,000 wallets. This is a customary practice employed to stimulate trading of new meme tokens around the world, but it is being used in this instance for charitable purposes and to increase the depth of token economy while maximizing The Bittersweet Movement's social impact goals. Specifically, these BTSWT tokens will be donated on behalf of everyone participating in The Bittersweet Movement to small-scale cocoa farmers and native missionaries in Africa.
TOKEN CONTRACT ENFORCED LIMITS (for extra market stability):
Max Tokens per Wallet = 150 Million
Max Buy Transaction = 150 Million Tokens
Max Sell/Transfer Transaction = 75 Million Tokens
Minimum Time Between Transactions = 20 Minutes (this limits bot activity)
Trading is LIVE!
The Bittersweet Truth About the Chocolate Industry
The top five global chocolate manufacturers are Mondelez International, Mars, Nestlé, Ferrero, and Hershey - having a combined market cap alone of approximately $500 Billion USD. Total demand, including the global demand for premium chocolate products is still steadily growing. In fact, the current global cholcolate market is expanding at approximately 5% annually! That's great news for investors! But there is also a dark side to the chocolate story that you may not be aware of. That darkness is due to industry problems that Bittersweet's social impact design will also address. So, be cautious but wise - be an active participant in the Bittersweet Movement today!
Community Road Map
All the old roads to success are too small and congested. So, The Bittersweet Movement is building a new, private CHOCOLATE superhighway! Together, we are making chocolate into MONEY once again!
How Does Bittersweet Compare? Vote Now!
Bittersweet
Leadership
Bittersweet was created and funded solely by J.W. McCarroll, a trusted visionary, social impact strategist, and extraordinary team builder with successful for-profit and nonprofit experience that spans decades with numerous large-scale projects across multiple industry sectors. Until such time as a corporate trustee successor can be appointed, Mr. McCarroll will also serve as the initial trustee of the Bittersweet Trust.
J.W. McCarroll
Founder & TrusteeQuestions & Answers
The following are answers to questions that most people will probably have when first getting to know Bittersweet. As the Bittersweet Movement grows, many more questions will be asked and answered on social media forums hosting the global Bittersweet community.
Bittersweet is a "Do Better - Be Great" meme token that may (or may not) be adopted and used by the Bittersweet community as a new form of money - a virtual commodity currency having perceived value indexed to chocolate. That remains up to the community to decide - however, that was the Bittersweet creator's original hope and goal, as a new, fair and equitable source of money is desperately needed for the benefit of all mankind and the planet. To this end, citizens and residents of the USA are absolutely welcome to participate! Everyone is welcome to be part of the global team that helps make this Bittersweet dream come true - to MAKE CHOCOLATE INTO MONEY!
The primary Bittersweet liquidity pool is paired with ETH, thus ETH will be needed to purchase Bittersweet tokens. So, swap your bits! Some crypto coins and tokens may be more easily or conveniently swapped than others, but you should be able to find a way to exchange almost any other active cryptocurrency for ETH in order to purchase Bittersweet tokens!
Sorry, but no. The Bittersweet Trust is a special purpose trust. This kind of trust exists only to carry out one or more specific purposes, and does not have any named beneficiaries. In this instance, the Bittersweet Trust was created specifically for purposes of social impact, which it will work to achieve by making investments that improve chocolate industry practices, that expand the chocolate market, and that ensure chocolate remains accessible and available to all. It should be noted that The Bittersweet Movement's objective is to create value by making chocolate into money. On the other hand, the Trust has a completely independent objective to secure the future viability of chocolate itself as a commodity given the industry's rank history of labor abuses, plus current production declines due to issues of climate change, agricultural pests, and crop diseases. It should be further noted that The Bittersweet Trust does not and will not create any value for the Bittersweet token nor any individual members of The Bittersweet Movement as token holders, which includes the token's creator/investor. To the contrary, the Trust's mandated social impact agenda and activities will generally serve to limit over speculation by removing a reasonable portion of value over time from the Bittersweet token economy via liquidated holdings.
The Bittersweet Trust was vested with three percent (3%) of the total token supply at genesis. In addition, the Trust receives .09% (.ooo9) of each Bittersweet token purchase. The value of these tokens over time as they begin to be indexed and correlated to the value of chocolate, will be utilized to further the Trust's stated social impact purposes. Most notably, neither the short-term nor longterm success of the Bittersweet Movement's goals depends upon the efforts of Bittersweet Trust. Rather, the Bittersweet Trust's social impact goals are wholly dependent upon the success of The Bittersweet Movement's widespread promotion, adoption, and use of the Bittersweet token. The Trust is merely a tool that was created to help further the cause of using chocolate to benefit all mankind and the planet.
A virtual currency is a type of digital currency that exists only in electronic form, such as a cryptocurrency. There is no central bank or government that backs a virtual currency like there is for fiat money. In fact, in the case of a cryptocurrency, there typically is no central authority at all, with the coins or tokens being distributed by private parties or networks.
A commodity currency is any currency that moves in a correlated fashion with the global price of a particular commodity. Events likely to affect the correlated commodity’s price will likewise impact the commodity currency’s value. Market sentiment also tends to significantly impact the perceived value of a commodity currency which can lead to increased price volatility regardless of whether or not the commodity currency is actually convertible to tangible units of the respective commodity.
Given that the Bittersweet token is a virtual currency, and that virtual currencies are considered to be commodities by U.S. regulatory agencies, plus the fact that the perceived value of the Bittersweet token may ultimately be correlated and indexed to the value of chocolate, the Bittersweet token is described as a "virtual commodity currency."
A commodity currency is any currency that moves in a correlated fashion with the global price of a particular commodity. Events likely to affect the correlated commodity’s price will likewise impact the commodity currency’s value. Market sentiment also tends to significantly impact the perceived value of a commodity currency which can lead to increased price volatility regardless of whether or not the commodity currency is actually convertible to tangible units of the respective commodity.
Given that the Bittersweet token is a virtual currency, and that virtual currencies are considered to be commodities by U.S. regulatory agencies, plus the fact that the perceived value of the Bittersweet token may ultimately be correlated and indexed to the value of chocolate, the Bittersweet token is described as a "virtual commodity currency."
One tenth of one percent (.1%) of the total value of the $150 Billion USD global chocolate market was utilized as an arbitary benchmark to set a short-term, future goal for the value of the Bittersweet token economy as a whole. That would value the total Bittersweet token economy at $150 Million USD, and individual tokens at $0.001 USD each once Bittersweet reaches an early level of maturity. The price point for each token was then discounted to allow for a potential 100,000x increase in value over time as the tokens move from initial launch to widespread adoption to early maturity. Using this formula, the resulting price for the fair launch presale was determined to be $0.00000001 USD per token. Next, it was decided to pair Bittersweet with ETH for initial liquidity purposes. Projecting an average price of $3,500 per ETH equated to approximately 3.5 Billion tokens for sale per .0.01 ETH, and gave a market cap goal of approximately $1,500 for the Bittersweet token economy at opening on the first day trading. This was believed to be a more than fair and equitable, entry-level pricing strategy, with huge potential upside, for any and all who would desire to participate in The Bittersweet Movement as an initial token holder, no matter where in the world they might live. In addition, for increased stability and to optimize the number of participants having financial opportunity to be involved in The Bittersweet Movement, it was decided to make the tokens divisible to eight places, while limiting maximum purchases of the Bittersweet token to 150 Million Bittersweet tokens per wallet address.
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As is the case for all cryptocurrencies, there is significant risk of loss when purchasing Bittersweet tokens. In fact, you could lose all (100%) of the money you spend purchasing Bittersweet tokens. So, you should very carefully consider all the risks described in this risk disclosure document (PDF) that has been prepared for prospective token holders. It is also highly recommended that you consult with financial, tax and other professional advisors or experts for guidance before you decide to become a token holder. It is further recommended that you obtain independent legal advice with respect to the legality of any participation in your nation.
A token holder may have multiple wallets, but the limit each address may hold is 150 Million Bittersweet tokens. Also, the maximum limit for each buy transaction is 150 Million Bittersweet tokens, and the limit for sell or transfer transactions is 75 Million Bittersweet tokens. In addition, after buying or selling, wallet addresses are temporarily frozen for 20 minutes, during which time they may not complete any further transactions. This temporary freeze is a critical Anti-bot cooldown feature which helps protect smaller token holders. (NOTE: Some token scanners may incorrectly report Bittersweet as a honeypot if they do not properly interpret the temporary freeze as an Anti-bot cooldown feature.)
What are the primary blockchain addresses on the Base Network associated with the Bittersweet token?
Public/Liquidity (TBM/ETH on Uniswap): 0x8e857Fea1786696b4FF1Cdd65d7aa737a048023d
CEX Reserve: 0xFb599AC912947CEE53aaEE81a9C24CDC3637317B
Creator/Investor: 0x6212C3d4365ed33722ea801Ce991F905E6AB9952
Bittersweet Trust: 0x450e777864c2aC03956A197ef37c47607cd01daf
Bittersweet Token Contract: 0xc1D7fc49F988f443B6135F3c6bD80d72E0D4188B
CEX Reserve: 0xFb599AC912947CEE53aaEE81a9C24CDC3637317B
Creator/Investor: 0x6212C3d4365ed33722ea801Ce991F905E6AB9952
Bittersweet Trust: 0x450e777864c2aC03956A197ef37c47607cd01daf
Bittersweet Token Contract: 0xc1D7fc49F988f443B6135F3c6bD80d72E0D4188B