BUSDX is a rewards token that was created on the BNB Chain, and is owned and operated by a registered United States business entity. BUSDX has a built in (X = 10%) mechanism that distributes 10% rewards in BUSD to holders automatically, while also distributing a 10% APY in BUSDX dividends when tokens are staked. BUSDX has multiple utilites, including a Staking dApp, Launchpad, NFT Marketplace, DEX Swap, Virtual Payment System, and a Cross-Chain Bridge (coming soon). All of our products were developed to create additional volume in the BUSDX Ecosystem, resulting in the distribution of more passive income.
Benefits of BUSD Rewards
BUSD is a regulated, fiat-backed stablecoin pegged to the U.S. dollar. For every unit of BUSD, there is one U.S. dollar held in reserve. In other words, the supply of BUSD is pegged to the U.S. dollar at a 1:1 ratio. Holders can swap their tokens for fiat and vice versa. Paxos, the project’s owner, releases monthly audits of BUSD’s reserves. As a stablecoin, BUSD is designed to maintain a stable market value. It allows investors and traders to hold a low-volatility asset on the blockchain without the need to exit the crypto space.