Buck Labs Launches Bitcoin-Linked ‘Savings Coin’ for Yield Generation
- The new “BUCK” token is priced at $1 and aims to offer annual returns of around 7%.
- BUCK is backed by shares in Strategy (MSTR), which holds nearly 675,000 BTC.
- Rewards accrue on a minute-by-minute basis and are funded through the treasury’s holdings of Strategy’s bitcoin-linked perpetual preferred stock, known as STRC.
- The token is structured as a governance token, allowing holders to vote on reward distribution and protocol decisions.
- BUCK is intended for non-U.S. users and is not marketed as a security or stablecoin.
The introduction of BUCK aims to provide users with a way to earn predictable crypto-based returns without active trading, complementing existing stablecoins by focusing on savings for longer-term holdings.
With an initial price of $1 and targeted annual rewards of around 7%, BUCK offers an innovative approach for those looking to save in cryptocurrency rather than speculate.(Source)
