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What is BuggInu token?

By Chris Torres | July 15, 2021

Bugg Inu is an autonomous yield generation protocol. 2% of the fee is distributed to every holder. Bugg aims to achieve the following two key technology contribution to the crypto world, BUGG SWAP which is Fork of Uniswap V2, on the Ethereum network, using $BUGG token to reduce transaction fees for swapping tokens. Transactions on the Ethereum network require substantial gas, pushing transaction fees to $10 per transaction or more. The burning of BUGG tokens in the same transaction would reduce gas costs by almost one-half.

Why decentralization?

Decentralization is a commonly misunderstood concept. For example, it is sometimes said that the reason crypto network advocates favor decentralization is to resist government censorship, or because of libertarian political views. These are not the main reasons decentralization is important.

Let’s look at the problems with centralized platforms. Centralized platforms follow a predictable life cycle. When they start out, they do everything they can to recruit users and 3rd-party complements like developers, businesses, and media organizations. They do this to make their services more valuable, as platforms (by definition) are systems with multi-sided network effects. As platforms move up the adoption S-curve, their power over users and 3rd parties steadily grows.

Enter crypto networks

Crypto networks are networks built on top of the internet that use consensus mechanisms such as blockchains to maintain and update the state. 

Some crypto networks, such as Ethereum, are general programming platforms that can be used for almost any purpose. 

Centralized platforms have been dominant for so long that many people have forgotten there is a better way to build internet services. Crypto networks are a powerful way to develop community-owned networks and provide a level playing field for 3rd-party developers, creators, and businesses. 

Tokenomics

Total Coin Supply: 100 Quadrillions
Distribution Reward: 2% Distribution Reward
Liquidity Pool Token: Locked Till 2025, Dec 31
52.49% Coin Burnt: 52,485,285,920,080,432

$BUGG TOKEN:

$BUGG features a 2% redistribution fee to holders, so every time a transaction occurs, existing holders earn more $BUGG automagically

$BUGG TRACK:

BUGG’s HOLDER can track their passive income earned through $BUGG, token prices, wallet balance, and more. 

$BUGG BURN:

$BUGG burnt 50% of its totally supply to 0x0000dead address, half of the 2% redistribution fee will be auto burnt to 0x0000dead, creating a deflation scenario. 

How and Where to Buy BUGG token?

BUGG token is now live on the Ethereum mainnet. The token address for BUGG is 0x1aabf9b575e4329b8c8f272428ad5e43ab4aefc8. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise you to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.

Just be sure you have enough ETH in your wallet to cover the transaction fees.

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

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