So what is BugsDEX? Understanding it all at a glance

🔍 How Bucksdex works by the numbers

Let's assume that BGSC and USDT are currently valued at 1:1 (1 BGSC = 1 USDT).

1️⃣ I deposited assets into a liquidity pool

- I have a 100 bgsc + 100 usdtinto the pool.
- The pool will have a total of $200 worth of assets, and I will be the liquidity provider for 100%.

2️⃣ someone swapped BGSC for 10 USDT

- Another user puts in 10 USDT and buys BGSC.
- The assets in the pool will look like this

• usdt: 100 → 110
• BGSC: 100 → approx. 90.91

- This person is about 9.09 BGSCin the end. The rest is due to **pricing adjustments + fees**.

3️⃣ Again someone swapped USDT for BGSC

- If someone else uses the 10 BGSCand want to receive USDT.
- The pool status is Current:

• BGSC: approx. 90.91 → 100.91 (10 added)
• USDT: 110 → approx. 99.13 (10.87 missing)

- In other words, this person is a 10 BGSC is approximately 10.87 USDTfrom the file.
In other words, you've exchanged at a better-than-market rate.

4️⃣ The status of the pool is automatically adjusted

- Each iteration of this transaction changes the percentage of assets in the pool,
The coin price will automatically change accordingly.
- Pool providers are profitable because their percentage of assets fluctuates, but they earn a steady stream of fees in the meantime.

🧮 Real world example of BGSC doubling in price

- Initial: Deposit 100 BGSC + 100 USDT (total value of $200)
- BGSC price doubles → External quotation 1 BGSC = 2 USDT
- When the price is reflected through the swap, my asset will be
→ Approx. 58.58 BGSC + 117.16 USDT (exact auto-adjusted ratio)
- If you redeem the assets at this time, the total asset value will be approximately 275.73 USDT
- But if you just held on to it, you'd get 100 BGSC (200 USDT) + 100 USDT → 300 USDT total
- As a result, it's easier to hold the Loss of approximately 5.71 TP3T(before fees)

* Conclusion: When the asset is returned to the LP, it will be worth more than the principal ($200). 275.73so you're not losing money, you're just making more money than you would have if you just held on to it. Just a little lessAnswer.
In addition to this, in exchange for providing a pool of liquidity, you can use the You can earn a portion of the transaction fees as extra revenue.

🧮 Real-world example of BGSC doubling in price

- Initial: Deposit 100 BGSC + 100 USDT (total value of $200)
- BGSC price drops by 2x → external quotation 1 BGSC = 1 BGSC 0.5 USDT
- When the price is reflected through the swap, my asset will be
→ Β Approx. 94.28 BGSC + 133.33 USDT (exact auto-adjustment percentage)
- When the asset is redeemed, the total asset value is Approx. 180.47 USDT
- But if you just held it, you would have gotten 100 BGSC (50 USDT) + 100 USDT → Total 150 USDT
- As a result, it's easier to hold the about 30.47 USDT more,
On an impermanent Roth basis, the Approximately 5.71 TP3T lost(before fees)

The Bottom line: If you redeem the asset in LP, you'll get more of the 180.47from the server.
Participate in liquidity pools even in down markets Some mitigation of structural losses with fee incomeis created,
If you factor in commission compensation, you may end up losing less money.

👉 Do you get the picture?
Let's take a look at how Bucksdex works,
We'll go into a little more detail below 😊.

💡What is BugsDEX?

BucksDEX is a decentralized exchange (DEX) that will operate on the Buckscoin ecosystem.
Unlike centralized exchanges like Ubit or Binance, Bucksdex allows you to connect your wallet directly to exchange coins without any intermediaries.
You can connect your wallet to the DEX and swap any coin you want without a complicated signup process.
Note that Bucksdex is currently in pre-launch phase.
Once you have your tax automation system, security audits, and institutional arrangements in place, you can use the
General availability expected sometime in 2025Answer.

🔁 How does it work?

Bucksdex is an automated price adjustment system that uses the Automated Market Maker (AMM)for this.
For each transaction x * y = kformula to automatically adjust the coin price and balance the pool's assets.
For example, if you buy a lot of BGSC, the BGSC price will naturally increase as the BGSC quantity decreases and the USDT increases.

💧 What is a liquidity pool?

In order for a trade to happen on a DEX, someone has to pre-fund it with coins. This is called Liquidity poolsin the following example.
If I deposit a pair of BGSC and USDT, others will be able to swap from that pool.
And the Split transaction feesAnswer.

🎟️ What are LP tokens?

When you deposit coins into the pool, you get a proof of deposit in the form of a LP Tokenin the response.
This token acts as a certificate of how much you've contributed to the liquidity pool.
If I resubmit my LP tokens later, I can get my assets back depending on the state of the pool at that time.

📉 Will I lose money?

The main risk is that Immutable RothAnswer.
If one of the coins in the pool goes up a lot, it's automatically sold and the opposite asset is left.
This may result in me earning less than if I were holding the coins myself.
This could be recovered when the price comes back, but it could also be locked in as a permanent loss.

🧠 Can Bucksdex be ruined?

Realistically, this is a risk:

• Liquidity is depleted due to no transactions
• If the value of BuckScoins themselves plummets
• If your smart contract has security issues
• Operating with incomplete regulatory issues or tax treatment

However, BucksDEX is preparing to reduce these risks by CERTIK audit, tax automation design, and integration with BugsNFTs.

How is this different from the Lunacoin situation?

Understanding Bucksdex may remind you of the Lunacoin (UST) debacle of the past. However, the two systems are structurally completely different.

The Luna CrisisThe To maintain the fixed price of the UST (stablecoin), an unlimited number of LUNA are issued and burned. It was algorithmic.
As market confidence collapsed, endless issuance of LUNA to maintain the UST became necessary, resulting in the price of LUNA plummeting Structural failures that cause assets to collapse in an instantin the past.

Whereas Rather than an algorithmic price maintenance system, BucksDEX uses two real-world assets (BGSC and USDT) as a depository for the price of Mathematical formulas (x * y = k), so it's a simple structure that only performs automatic exchanges.
If someone exchanges too much of one asset for another, the price is automatically adjusted accordingly, with the resulting fee going to the pool provider.

This means that BucksDEX - no fixed price maintenance mechanism - there is an unlimited supply of risk assets - It is a transparent structure that operates with only real deposited assets. A completely different system than LunaAnswer.

Concepts that work well together

What is the difference between DEX and staking?

DEX liquidity pools and staking both involve depositing assets and earning returns, but they work quite differently.
Staking is primarily a way to lock up a single asset for a period of time and receive a fixed return in exchange for contributing to the security of the network.
DEX liquidity pools, on the other hand, allow you to deposit two coins in pairs and share in the fees generated when your assets are used in exchange transactions by other users.
While staking is relatively simple and stable, liquidity pools have volatile returns and come with risks.

What is an impermanent loss?

Impermanent loss is a situation where if you deposit an asset in a liquidity pool, you're worse off than if you simply held it.
For example, if one of the two deposited assets goes up significantly in price, people will swap that asset, leaving the pool with only the asset that hasn't gone up in price.
As a result, when you later redeem your LP tokens, you may find that you have less of the asset that was going up and more of the other asset, resulting in a lower overall value than you expected.
This loss can be reversed depending on market conditions, hence the name permanent, which means "temporary loss".

💡 So when is LP advantageous?

Compared to simply holding coins, participating in a liquidity pool (LP) is a more efficient way to hold your You may lose opportunity cost.
This is called Immutable Rothand from the moment you put a coin into the pool, the As prices rise or fall, the asset mix changes..

For example, if you put 100 BGSC and 100 USDT into a pool and the BGSC price doubles,
This will automatically decrease the BGSC and increase the USDT in my pool assets, which will cause the You'll make less money than if you just kept itJoe.
Conversely, if the BGSC price drops, you'll be holding more BGSC and less USDT.

These structural losses can be offset by 'fee income'.
When you join a pool, you get a share of the transaction fees, If this profit is more than the impermanent Roth, you end up with a gainAnswer.
That is, The more active the pool, the higher the LP yield and the greater the potential to beat price risk.for example.

📊 What is the position of LPs from a trading perspective?

Rather than chasing short-term market arbitrage, How we seek stable returns over the long termis more like
Because staking involves locking up specific coins and earning a fixed APR, the Most favorable for coin price appreciationand,
Because LPs automatically adjust their assets whether the price goes up or down, the Can dilute returns, but favorable in terms of liquidity and fee compensationDo it.

Therefore, the If you want to hold for the long term but don't want to lock up assets, or if the pool has high trading volume and you expect to earn fees.for LP might be more efficient.

How are BugsNFTs linked to liquidity?

BugsNFTs aren't just digital collectibles, they act as "certificates of participation" that validate the deposit of assets into the BugsDEX liquidity pool.
For example, if you use a certain amount of BGSC to purchase BugsNFTs, those BGSC are automatically locked in the liquidity pool and you qualify as a liquidity provider.
Holders can receive their rewards after a period of time, and in the meantime, the NFT itself can be sold to other users.
In this way, BugsNFTs are being utilized as a new form of participatory asset that connects liquidity and NFTs.

📎 Reference links and progress

CERTIK Audit Reports

BuckScoin has been certified by global smart contract auditing organization CERTIKand passed a formal audit by
This report gives you a detailed analysis of code security, vulnerabilities, permissions issues, and more.
View CERTIK audit results

Safe Wallet (Multi-Sig Wallet Operational Status)

The BuckScoins team has been working on a new system to manage liquid assets and deposits on the Safe.globalon a platform called Multisig walletsto manage them.
This structure is a security measure that prevents any one person from moving or manipulating assets at will.
The relevant addresses are available for anyone to see in the whitepaper and on the live monitoring page.
View BGSC team volume vesting status

Buckscoin Distribution Transparency Dashboard

The official Buckscoin Foundation wallet and circulation status can be viewed by anyone in real-time. Transparent dashboardsin the app.
On this page, you can review your circulating supply, burned supply, wallet information, and more.
Viewing BuckScoins status

Preparing your tax automation system

BucksDEX is a new concept that is still unfamiliar in Korea. Tax-aligned DeFi platformsin the future.
Automatically segregating taxes, issuing withholding receipts, and tax pool segregation systems are still in the process of being built, Pre-release announcement coming soonAnswer.
You can also find some of the details on the official website and whitepaper.
BugsDEX Official Website

🙋‍♂️ Why use a DEX?

As a user, you might think, "Isn't it easier to use a centralized exchange (CEX)?"
However, DEXs have a unique advantage in the following ways

1️⃣ No signup required, just connect your wallet

- No KYC, no verification, just connect your wallet like MetaMask and start trading.
- I love the fact that you can swap **right away** without a complicated signup process.

2️⃣ My assets are in my wallet

- A centralized exchange is a structure where you deposit your assets, and the exchange actually **keeps** them.
- DEXs are transacted directly from your wallet, so there's no custody risk, ownership and control of your assets is 100% in your hands.

3️⃣ anytime, anywhere, without restrictions

- There are no country IP blocks, account verification restrictions, or anything like that.
- **anyone, anywhere, anytime** with an internet connection.

4️⃣ It's fast and automatic

- Transactions are automatically calculated and executed instantly, cutting out the middleman.
- It's not a "place and wait" system, **it's instantly calculated from the pool, so it's a fast transaction.

5️⃣ Even startup coins can be traded quickly

- Coins from startup projects that aren't listed on CEX can be swapped on DEX instantly can be instantly swapped on DEX as long as there is a liquidity pool.
- This is a big plus for coin users who need a quick entry point.

💡 So who is it right for?

- People who want to transact quickly and easily without submitting personal information
- Who wants to control their assets directly in their wallet
- Who wants to get involved in a coin project early on
- People who want to exchange coins without an exchange

For these users, a DEX can be a powerful option.

📚 Articles that go well together

Still not sure what BuckScoins are?
👉 See Buckscoin Concepts at a Glance