Dear community, We’re excited to share that we’re on track fo | Bux announcements

Dear community,

We’re excited to share that we’re on track for the tokenswap of BPT to the Binance Smart Chain (BSC) on December 1st!

During the tokenswap we’ll transfer the new BUX Token (BUX) to all current BPT token holders’ wallets on the Binance Smart Chain. This Monday 30th of November a guide will be available on BUX Crypto’s FAQ on how to access your tokens, this guide will also be shared in this announcement channel.

Note that users of BUX Crypto and KuCoin do not have to take action to access their new tokens. The tokenswap will happen automatically for these users. Token holders that hold their tokens elsewhere can follow the guide and can always access their new tokens. No action is required before the tokenswap from anyone.

BUX Crypto and KuCoin will both support the swap to BSC and trading will be halted a few hours during the swap until it’s completed.

The past weeks we’ve been in contact with multiple community members and large token holders who emphasized the importance of having the BUX Token (BUX) listed on other exchanges. This has been a request of the community for a longer period.

Therefore, we decided to mint 10% additional tokens during the tokenswap for the sole purpose of facilitating a listing at a bigger exchange and/or to provide liquidity for new exchange listings. These tokens will only be used as a liquidity pool, or for payment, to secure such a listing. If the tokens are not used for this purpose before 2022, all newly minted tokens will be burned and never come into circulation. This way the tokens will only be released in case of a new exchange listing, stimulating growth of the ecosystem and thereby creating a favorable situation for existing holders.

These additional tokens will be stored on a dedicated wallet and the address will be shared with the community directly after the tokenswap.

If you have any questions or need help relating to the tokenswap, feel free to contact us in the BUX Crypto Telegram channel.

Greetings from Amsterdam,
Team BUX Crypto