With smart materials and adaptive structures being nudged into mainstream technology progressively, the smart composites are donning a predominant role as indispensable structures. Among these, the Ionic Polymer Metal Composites (IPMC), with their large bending deformation and relaxation characteristics at very low voltages are attractive as transducers in many areas of application. The actuation and sensing properties of IPMC have been sought after for various engineering functions. The paper focuses on combining the ionic polymer with multi-walled carbon nanotube Bucky paper electrodes to create an enhanced IPMC, and comparatively analyzes the different methodologies briefly discussing the electrode morphology and also compares the uniformity of the electrode plating obtained from the different processes. This paper also concentrates on making use of different ionic solutions for comparison such as to determine the most suited ion content within the solid electrolyte for effective IPMC actuation. This new functionally graded material is tested for its bending deformation, blocking force and the current consumption to prove the electromechanical efficiency of the Bucky paper IPMC. By studying the electromechanical properties of this smart composite actuator based on its actuation under different electric excitations, we can draw conclusions subsequently from the results of the comparison.