Buck Introduces Bitcoin Dollar Savings Token

Source: CryptoNewsNet Original Title: Buck Introduces Bitcoin Dollar Savings Token Original Link: https://cryptonews.net/news/altcoins/32252267/ The Buck Foundation has announced the launch of Buck, a new digital asset positioned as a Bitcoin Dollar savings token. The project is aimed at providing a simple savings tool with predictable returns and global access. Buck offers annual rewards of up to 7% that accrue continuously and is positioned as an alternative to traditional stable assets.

Buck is structured as a governance-based token. Its reward model is supported by the project’s treasury, which holds STRC, a Bitcoin-backed perpetual preferred stock issued by Strategy. Strategy is a public company known for its Bitcoin-focused treasury strategy. STRC generates regular returns for the treasury, and Buck token holders can vote on how these proceeds are distributed. This approach links governance with reward allocation and is intended to ensure transparency.

The project is developed by Buck Labs, a US-based technology company. The team focuses on building clear and regulated digital financial products, with experience in scaling consumer technology platforms.

Buck is issued with an initial value of one US dollar per token and can be traded at any time, without limits tied to traditional market hours. Rewards are calculated based on the exact time a token is held. The structure allows users to enter and exit positions directly in cryptocurrency, without relying on banking infrastructure.