NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

BUGG INU – A Unique Model for the Future of Finance

Mark Hampton
Mark Hampton
4 years ago
3 mins read
bugg inu

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

About a decade ago, no one knew what DeFi was. More so, a good number of mortals did not envisage a $1 trillion market capitalization for the crypto space. Today though, a lot has changed and decentralized finance seems to be the future of finance.

While there are many decentralized crypto projects in the space, BUGG seems to stand out because of the unique innovations it wishes to introduce to the crypto and DeFi space.

The BUGG Project

Bugg Inu was created on the 29th of May, 2021 and the project seems to be the fastest-growing project of its kind. Bugg aims at bringing popular cryptocurrency concepts to the mainstream.

Bugg is a decentralized autonomous yield generation protocol. This implies that the model allows its users to earn its native token automatically.

The native token of the project is $BUGG. Each time a transaction is done, whether the token is bought or sold, 2% of the transaction fee is distributed to every holder of the token. This model is by far more beneficial than that of the traditional finance system.

Banks for instance may decide to give a certain percentage of interest to its users after a certain period. However, this interest is usually minute and is usually fixed no matter how many transactions occur.

The Bugg protocol on the other hand will grant more rewards to its holders if more transactions occur on the protocol. This extra passive income earned by users can be tracked via the user’s wallet balance, the price of the token and more.

Bugg’s Deflationary Mechanism

To reduce supply and create scarcity of the token, Bugg burned 50% of its total supply. Additionally, another half of the redistribution fee will be burned to deflate the token. This burning mechanism will drive the value of the token up in the long run.

BUGG Swap

The $BUGG token is built on the Ethereum network. As such, it is expected that gas fees used for transactions will be high. The Bugg team has devised a means to reduce fees on the network. Since the Ethereum network provides reward for burned elements, BUGG transactions on the network will be significantly cheaper. Each time a transaction is done, Bugg tokens are burnt. Bug implements gas tokens to reduce the cost on the network significantly.

The gas cost of Bugg transactions is about 20% cheaper than regular ETH fees.  The Bugg swap is powered by the version 2 Uniswap. It supports the swapping of all ERC20 pairs with each other on the network rather than just one ERC20 pair against ETH.

The BUGG App

The BUGG app has not yet been released at this time. However, the team is working hard to ensure that the app will be launched soon on Google PlayStore as well as Apple Store. The app will support inter-payment between Bitcoin, Ethereum, Litecoin, Dogecoin and the BUGG token. Other coins may be added in due time to improve the user experience.

A unique feature of the Bugg app as a payment platform is its ability to support offline payments. Users who dwell in rural areas or locations with a poor internet connection will have no issues using the app to make payments as it also has an offline feature.

The offline feature can be used if the user stakes 10%-20% of their assets. The staked tokens can then be used to make payments in offline mode. To achieve this, however, the sender and the receiver will need to connect with each other on the app.

The use of fiat or physical cash keeps declining as each day passes by. The Bugg team envisions a world of finance where users will be able to seamlessly transact with each other and make payments digitally. The offline payment feature on the Bugg app will serve as a step in the right direction to achieve this.

Conclusion

Decentralisation, transparency and trust are some core values of BUGG. The project is growing rapidly and currently has a strong team and community supporting its goals. The project’s road map is distinct and with the problems it solves in decentralized finance, mass adoption of BUGG is almost inevitable.

Tweet123Share196ShareSend
Mark Hampton
Mark Hampton

Mark Hampton

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

MicroStrategy

Beyond MicroStrategy: Top 10 Crypto Treasury Stocks to Monitor

As Bitcoin and digital assets gain mainstream credibility, a new wave of publicly traded companies is turning to crypto treasury...

PR Desk 2 days ago

How a Single Burn Sparked a Frenzy: $FUN Skyrockets Towards 500% After 25 Million Tokens Burn

Few events in crypto can ignite a market rally quite like a well-timed burn. For FUNToken, the June 24 announcement...

NewsBTC 2 days ago

Mercado Bitcoin doubles down on RWA, experts discuss what this means for the future of tokenized finance

Earlier this month, leading South American crypto exchange Mercado Bitcoin unveiled plans to tokenize approximately $200 million in tokenized financial...

NewsBTC 3 days ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

How Stablecoin Rules Are Cementing USD as the World’s Digital Anchor

News BTC 16 hours ago

Orbs Unveils Perpetual Hub Ultra to Bring Native Perps Trading to Omnichain DEXs

News BTC 23 hours ago

8 Reasons To Check Out KuCoin’s $1M Affiliate Program

NewsBTC 2 days ago

Premium Sponsors

Press Releases

  • 今買うべき注目の仮想通貨プレセール3選:革新的レイヤー2と次世代トレーディングプラットフォーム

    ...

    5 hours ago
  • ビットコインが118,000ドルを回復|今注目の新しい仮想通貨と次の10倍成長が期待されるBTC代替案

    ...

    5 hours ago
  • イーサリアムが3,500ドルに迫る中で注目すべきアルトコイン3選

    ...

    5 hours ago
  • 仮想通貨投資の新たな選択肢として注目を集める話題のミーム銘柄、市場の盛り上がりと共に関心拡大

    ...

    5 hours ago
  • 新高値更新で17%上昇のXRP、しかし今注目すべきico仮想通貨は別にあると専門家は指摘

    ...

    5 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.