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What is BUX?
LearnDefiNewbie
May 14, 2022

What is BUX?

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What is BuxCrypto?

Bux Crypto (BUX) is a project that has been rebranded and renamed from Block Port (BPT)—a hybrid-decentralized exchange project of a team from the Netherlands. Bux Crypto is a very user-friendly cryptocurrency trading platform that makes it easy for users to buy digital assets at a low cost.

Bux Crypto is registered with the National Central Bank of the Netherlands (DNB) and is licensed to provide cryptocurrency trading services. This exchange mainly serves the community in European countries.

BUX Crypto provides users with the opportunity to buy, sell, and trade some of the world’s leading cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Bitcoin Cash (BCH). In addition, the exchange is also offering its own coin called the BUX token (BUX).

The role of BUX

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With Bux Crypto’s trading platform, you can:

  • Buy cryptocurrencies directly.
  • Keep track of pro traders and their trading history.
  • Trade with many different exchanges at the same time.
  • Combined with the Atomic Swap feature, the money is always in your original account without having to be put on the floor.

Highlights of BUX Crypto

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Your transactions and assets will be secured with features such as:

  • Transaction information is encrypted.
  • Transactions are always tracked to detect suspicious transactions.
  • The user’s assets deposited will become the property of Stichting Custodian BUX (SCB) and be legally segregated. Therefore, investors will be protected from the risk of the BUX crypto company becoming insolvent.

With the Attack Vector Control mechanism, authorized people can only access information in a limited area. Therefore, if there is any case of violation or abuse of power, it is reported and appropriate punishment is administered.

Main function of BUX Crypto

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As a rebranded product, Bux Crypto will contain the main features of the Block Port project.

Liquidity

Bux Crypto enhances liquidity by supporting the exchange of user assets on the internal exchange. The aggregated liquidity is then linked to public exchanges.

Security

This is a hybrid blockchain between centralized and decentralized blockchains. Assets stored in the wallet will be preserved with a private key, and transactions are also recorded in a decentralized system. Therefore, the possibility of being attacked is almost eliminated. Token mining is required to perform token mining. If the user does not enter the private key, they will not be able to mine the token.

Transparency

If a platform lacks transparency, people will lose trust. Bux Crypto has solved this problem by building a system that continuously analyzes the market price on multiple platforms and simultaneously delivers the best possible price for the asset.

Usability

The team of developers is always aiming to make the user interface as user-friendly as possible. This modern blockchain will also have an intuitive user interface to satisfy the requirements of all users.

Token BUX

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The BUX token was rebranded and renamed from Block Port Token (BPT). Initially, BPT was developed with the ERC-20 standard, but after rebranding, BUX moved to develop on BSC (Binance Smart Chain) to take advantage of the cost-saving feature for investors.

This token will initially be used as a utility token to serve the Bux Crypto ecosystem and is expected to expand to more features in the future.

Also, if you have more than 1000 BUX in your wallet, the Bux Crypto exchange will let you trade for free.

BUX Token information

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Token name: Bux Token.

Symbol: BUX.

Blockchain: Binance Smart Chain.

Token Standard: BEP-20.

Contract: 0x211ffbe424b90e25a15531ca322adf1559779e45.

Token Type: Utility.

Total supply: 76,384,000 BUX.

Circulating supply: 64.853,974 BUX (84.91% of total supply).

0.499140 USD is the current price.

32,213,434 USD in market capitalization

BUX token wallet storage

Because BUX tokens belong to the BEP20 standard, you can store them on wallets such as: Binance Chain Wallet, Trust Wallet, MetaMask, Coin98 Wallet, etc.

How to own a BUX token

To own BUX tokens, you can:

  • Buy directly on the Bux Crypto exchange at this website: “getbuxcrypto.com”
  • Purchase on other exchanges such as PancakeSwap (v2), KuCoin, and so on.

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