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.
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!
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!
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.
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!
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.
By merging the love of both crypto and chocolate, Bittersweet is designed for massive market appeal and unparalleled global adoption.
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.
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!
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 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. [UPDATE 03/06/2025 - NOTE 1: To clarify, the contract will only be renounced if no further issues arise. Recently, the contract has required one slight modification for the protection all BTSWT token holders by eliminating the 20 minute minimum time required between transactions. That modification was necessitated by changes implemented on the Uniswap platform (where the BTSWT liquidity pool resides) which would have otherwise prevented any further successful buy/sell/transfer trades. NOTE 2: To further clarify, if the token contract is renounced, it will only be after the start of ACTIVE trading - meaning regular, ongoing public trades which do not require promotional efforts to be sustained.]
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) [UPDATE - 3/06/2025 - NOTE: INACTIVE]
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!
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.
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.