BUX is a first-in-its-class, Bitcoin-based eToken on the eCash (XEC) network.
The BUX token has several crucial advantages over tokens as you have known them.
There is no need to buy or sell BUX tokens. You mint and burn BUX right in your own wallet.
BUX is pegged to the US Dollar, making it perfect for buying and selling goods and services of all kinds.
Mint and burn problems can be easily rectified due to BUX's unique self-mint protocol.
Let us give you answers to frequently asked questions about BUX.
The BUX token is created using the SLP Self Mint Token Protocol. Most other tokens have a central issuer. This entity mints new tokens and then distributes those tokens to buyers. But not BUX! Every new BUX token is created right in the wallet of the end-user. BUX has no central issuer that mints new tokens.
BUX uses a special type of Bitcoin address called a "covenant." This covenant allows special spending rules to be added to each transaction. BUX.DIGITAL sells you an authorization code that allow a specific amount of new BUX tokens to be minted into an address you control... using your own wallet.
A BUX authorization code is used by your wallet to mint a specific number of new BUX tokens to an address you control. The authorization code itself consists primarily of a cryptographic digital signature. Each authorization code can only be used once.
No. BUX.DIGITAL does not buy or sell BUX tokens or do money transmission activities of any kind. BUX.DIGITAL only sells authorization codes and purchases proof-of-burn digital signatures.
No problem. If you purchased an authorization code and never used it, BUX.DIGITAL can issue you a new one. Please have your purchase record handy and email firstname.lastname@example.org.
Login to the BUX Dashboard,
fill out your account information, and sell your proof-of-burn. BUX.DIGITAL
pays out via PayPal, ACH (USA customers), or bank wire. Fees apply.
A walkthrough video is available in the dashboard.
We welcome your questions and comments.