BUX Crypto Newsletter #45


We’re bringing you the forty-fifth newsletter of BUX Crypto!

What happened the past weeks?

Bitcoin went down 8 consequetive weeks, and is now sitting around $30.000. According to our sources the main influences are the further decline of the stock markets and the biggest bust the crypto market has ever seen of Terra (LUNA) and their Bitcoin-backed stable coin: UST, wiping out a total of $15 billion in the market.

On the 9th of May, after nearly 18 months of steadily holding its value against the US dollar, the so-called stablecoin TerraUSD (UST) became unpegged. The uncoupling triggered a response that would ultimately crash not only UST and the Terra (LUNA) cryptocurrency, but also contribute to Bitcoin and the broader crypto space seeing a major downturn.

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

What we’ve worked on:

  • New roadmap update (2022): If you didn’t catch our last newsletter, we announced our plans for the roadmap 2022 in this new blog article.

  • New crypto exchange integration: Last year we listed 30+ new crypto assets. This year, we are planning to add a lot more. The goal is to at least double our offering! In order to achieve this we are currently integrating with a new cryptocurrency exchange that can provide us with more crypto asset listings.

  • BUX Token utility: Trading fee cashback: Receive 100% of the trading commission that you paid for buying and selling crypto, back in BUX Tokens as a cashback reward. More details about the complete BUX Token utility model can be found in our recently published blog article.

BUX 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 all BUX’s open positions here!

Let me know if you have any further questions in our Telegram community channel, follow us on Twitter or follow our Telegram Announcement channel for the latest updates!

Cheers from Amsterdam,

Kai Bennink
Head of Strategy