BUX Crypto Newsletter #40

BUX Crypto Newsletter #40


We’re bringing you the fortieth newsletter of BUX Crypto. :seedling:

These past weeks we’ve seen a small uptick in the crypto market. Bitcoin grew its price to around $45.000 and dropped to $42.000 yesterday. Although this growth is good for the overall sentiment of the markets, it is however still looking very uncertain for the near future due to severtal macro economic factors such as: the stagnating growth of the stock markets, FED’s interest policy and Russia threatening to invade Ukraine.

Meanwhile, federal law enforcement officers in the US seized more than $3.6 billion in cryptocurrency linked to a 2016 hack of virtual crypto exchange Bitfinex, the Justice Department said in a release. BlackRock may begin offering a cryptocurrency trading service to its investor clients. And crypto exchange Binance invested $200 million in Forbes.

If you want to tune in to BUX Crypto on a daily basis, come chat with us in our Telegram community channel.

What we’ve worked on in the last weeks:

  • Roadmap 2022: Now that we’ve completed the first stage of the BUX Zero integration, we’ve also started with formalising the roadmap for BUX Crypto in 2022. The roadmap will contain components that we aim to build for both BUX Crypto and Zero. As soon as the new roadmap is published, we will also host an AMA in the community channels to answer all of your specific questions that you might have regarding our upcoming plans! :muscle:

Update: Since the vision of BUX is to merge the experience of Zero and Crypto even further in the coming years, the product and development teams of both sides require more time to finalise the roadmap that will be published on our website. However, Sebastiaan and me will organize an AMA in our Community Telegram channel where everyone can ask their questions regarding the future plans of BUX. The exact time and date of the AMA will be shared in the Telegram announcement channel.

  • Utility improvements. Currently, the main utility of the BUX Token is that it gives users the option to trade with 0% commissions (100% discount) when users hold 1,000 BUX tokens or more in their portfolio. In the next iteration we want to create a more advanced token model that offers a broader range of incentives for our platform users. A more detailed update about this feature will be shared in early February.

Update: An important part of the 2022 roadmap for BUX Zero and Crypto is the implementation of the new BUX Token utility model in both platforms. The final steps - before we can share the new utility model - are related to prioritization and scoping of the utilities by the product and development teams on both sides. Just like the roadmap, we can provide more details about this important feature for BUX in the upcoming AMA with Sebastiaan and me. The exact time and date of the AMA will be shared in the Telegram announcement channel.

  • Crypto deposits: In the past weeks our team has spent a lot of time on testing the newly designed crypto deposit infrastructure. We expect to launch crypto deposits again in February.

  • Security : We’ve worked on adding an additional level of security to your account. Now, when you want to initiate a crypto withdrawal on your BUX Crypto account you must also provide a 2FA verification before the crypto withdrawal will be processed. This feature is now live! :fire:

  • Crypto registrations. We are applying for multiple crypto provider registrations in other EU jurisdictions.

BUX Crypto wants you! :sunglasses:

We’re happy to say that we’ve been able to fill several of our open positions but we’re not there yet and can use your help!

In order to accelerate all our plans for development this year, we are looking to hire new developers and fill other positions. So, if you are interested or know someone who might be interested to join our team, feel free to check out the open positions:

Let me know if you have any further questions in our Telegram community channel or follow us on Twitter.

Cheers from Amsterdam,

Kai Bennink
Head of Strategy


Any news on the new roadmap?


All we know is that it should come in the coming weeks