# Introducing Buttcoin **URL:** \ **Category:** Secret Contracts and Secret Apps\ **Created:** [June 16, 2021, 3:18am UTC](https://forum.scrt.network/t/introducing-buttcoin/3848 "2021-06-16T03:18:21Z")\ **Posts on this page:** 3\ **Page:** 1
**Author:** ![stevenchang5000](https://yyz1.discourse-cdn.com/flex035/user_avatar/forum.scrt.network/stevenchang5000/32/1697_2.png) [@stevenchang5000](https://forum.scrt.network/u/stevenchang5000)\ **Post date:** [June 16, 2021, 3:18am UTC](https://forum.scrt.network/t/introducing-buttcoin/3848/1 "2021-06-16T03:18:21Z")
# Introducing Buttcoin ![fb46a0b0-cae0-bb98-619c-6077dbd07714](https://canada1.discourse-cdn.com/flex035/uploads/enigma1/original/2X/6/6b4659da7931710e840bf674dd0be3e202503934.png) We are excited to announce [Buttcoin (BUTT)](https://btn.group/secret_network/buttcoin), the native token for the btn.group ecosystem. We invite you to participate in our ICO and join the juggernaut that is btn.group - [Join now!](https://btn.group/secret_network/buttcoin) ### Round 1 sale details **Amount to be raised:** 1,000,000 SEFI **Tokens to be sold:** 3,000,000 BUTT **Price per token:** 1 SEFI = 3 BUTT ### Token details **100,000,000** BUTT have been minted at genesis and will become accessible over the course of 4 years. It’s purpose is governance, profit sharing and utility. - 60% to incentivize users - 20% to team members and future employees with 4-year vesting - 20% to investors sold over 3 rounds ### What is btn.group [btn.group](https://btn.group/) is a software company that specialises in blockchain. We are a public team, based in Australia, that is currently focused on the Secret network. **In a short period of time, we’ve already achieved so much…** First we created auditing tools such as the Address alias, Smart contract interface and a SNIP-20 transactions viewer. We did this so that the community had an easy and free way to audit, not only our project, but all projects on the Secret network. **We believe in transparency. _“Don’t trust. Verify.”_** Next we created our private, fungible, native token, based on the Secret network’s SNIP-20 standard. **We chose the Secret network because we believe privacy is a human right.** We then created our own time lock and token sale smart contracts as there were no ICO platforms on the Secret network. We decided to do this instead of using a platform on a different chain, as we wanted to show investors, that yes, **we can build.** Next on the roadmap is a yield optimizer and other revenue generating projects. For more info please visit us at [btn.group](https://btn.group/) or join our [Discord channel.](https://discord.gg/fxTbthnzFW) **A special thanks to Baedrik for auditing our contracts.** Thanks to the Secret network development community for all the hard work and packages! [Join now!](https://btn.group/secret_network/buttcoin) ---
**Author:** ![SpacexRocketman](https://yyz1.discourse-cdn.com/flex035/user_avatar/forum.scrt.network/spacexrocketman/32/951_2.png) [@SpacexRocketman](https://forum.scrt.network/u/SpacexRocketman)\ **Post date:** [June 16, 2021, 3:18pm UTC](https://forum.scrt.network/t/introducing-buttcoin/3848/2 "2021-06-16T15:18:54Z")
Why the name? You guys seem like a legit, team why compromise it with such a name? ---
**Author:** ![stevenchang5000](https://yyz1.discourse-cdn.com/flex035/user_avatar/forum.scrt.network/stevenchang5000/32/1697_2.png) [@stevenchang5000](https://forum.scrt.network/u/stevenchang5000)\ **Post date:** [June 16, 2021, 8:39pm UTC](https://forum.scrt.network/t/introducing-buttcoin/3848/3 "2021-06-16T20:39:17Z")
1. Why the name btn.group? We named the company after the button mushroom. We wanted to name ourselves after something that grows rapidly, is simple and fun, yet a little magical/mysterious. When we saw that the domain btn.group was available, we had to take it as a hommage to bootstrap (developer reference). 1. Why the name Buttcoin? Button + Coin = Buttcoin It puts a smile on our faces 😃