The Buck Foundation has announced the launch of Buck, a new digital asset positioned as a Bitcoin dollar savings token. This project aims to provide a simple savings tool with predictable returns and global access. Buck offers recurring annual rewards of up to 7% and is positioned as an alternative to traditional stable assets.
Buck is structured as a governance-based token. Its compensation model is supported by the project’s treasury, which holds STRC, a Bitcoin-backed perpetual preferred stock issued by Strategy. Strategy is a publicly traded company known for its Bitcoin-focused financial strategies. STRC generates regular revenues for the Treasury, and Buck token holders can vote on how these revenues are distributed. This approach aims to link governance and remuneration distribution and ensure transparency.
The project was developed by Buck Labs, a US-based technology company. The team has experience scaling consumer technology platforms and is focused on building clear and regulated digital financial products.
Bucks will be issued with an initial value of 1 USD per token and can be traded at any time without the limitations tied to traditional market hours. Rewards are calculated based on the exact time the token is held. This structure allows users to enter and exit positions directly in cryptocurrencies without relying on banking infrastructure.
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