For the Web 3.0 Internet, BuyUcoin launches its own token called the BuyUcoin Token (BUC) runs currently on the NEM blockchain and follows the NEM token standard.
The token is established with a total supply of 100 million.
Currently, 10 million BuyUcoin Token (BUC) is open for Initial Token Distribution before it’s opened for trading and other utility purposes.
BuyUcoin plans to establish the use of it’s token for the various purpose out of which most prominent use cases include-
1. Pay any kind of Fee on Global BuyUcoin Exchange.
2. Discount on BuyUcoin exchange when using BuyUcoin token.
3. Trade other Cryptocurrency directly with BuyUcoin token.
4. Use as a mode of payment on various online portals to buy products.
-BuyUcoin will build a future decentralized exchange, where BuyUcoin Token will be used as one of the key base assets as well as gas to be spent.
-How BuyUcoin Token will be used in Global BuyUcoin Exchange (Use Cases)-
Use Case 1-
If you hold 100 BUC and it’s worth 1 BTC on a particular day.
Then if you trade up to 1 BTC on our exchange on that day then you’ll be qualified for 50% discount on the Trading fee on that particular amount.
Use Case 2-
You can buy any cryptocurrency on the exchange with BUC as there will be available pairs against BUC such as BUC-BTC, BUC-ETH, BUC-XRP etc.
Use Case 3-
BuyUcoin Token (BUC) can be used as a mode of payment for the products going to launched soon like trading bots, lending etc
Use Case 4-
You will be able to generate passive income while holding BUC Token on Global BuyUcoin Exchange.
Use Case 5-
If you hold 100 BUC and say 10000 BUC are there in circulation before the launch of Global BuyUcoin Exchange then on every new signup on Global exchange you’ll be
earning new BUC token in the ratio of the amount you’re holding and the amount in circulation.
It will create a passive income with the BUC token you’re holding.
More Info:
https://www.buyucoin.com/buyucoin-token-buc
