Bugg Inu is an autonomous yield generation protocol. 2% of fee is distributed to every holder. Bugg aim 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 token. 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.
Second, Bugg will create Bugg app.
By introducing Staking of 10~20% of the assets, $BUGG user will be able to make offline payment up to the staked sum on the same device. The sender and recipient will be able to perform this offline payment and hold the funds up to 24 hours, whereas they will need to be connected to perform this transaction else the transaction will be void.
$BUGG APP aims to replace FIAT in certain controlled area, where money is being controlled and rural areas where blockchain and crypto are being censored. The digital $BUGG would be a way to speed this vision up. “The use of cash is decreasing. Eventually cash will be replaced by something in digital format. That is one of the big drivers behind this,”
Payment would be auto transact at the Ethereum Main-Net on connections available within 24 hours, and will be logged as new transaction, payer will have 5% of the staked sum not available for spending, or no less than 0.1 Ethereum worth to perform as Gas payment to lodge the transaction with the Ethereum Main net through Infura.
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