Buck Token ($BUCK) is a digital asset on the Ethereum blockchain described by its creators as the "World's 1st SavingsCoin™". The project's goal is to function as a dollar-pegged asset that generates rewards for its holders, positioning itself as a crypto-native alternative to a traditional savings account. Developed by the US-based technology company Buck Labs, the token aims to provide yield without requiring users to stake, lend, or lock up their assets. ^{[1] [2]}​

Overview

Buck Token is designed to combine the characteristics of a stable store of value with a yield-generating instrument. The project makes a distinction between traditional stablecoins, which it compares to non-interest-bearing checking accounts, and its own "SavingsCoin" model, which it likens to a savings account that earns interest. The target price for one BUCK is $1.00 USD; however, the project clarifies that the token's price is not algorithmically or directly pegged and instead floats based on market demand. ^[1]​

The core mechanism for generating holder rewards is an indirect investment strategy. Proceeds from the primary sale of Buck tokens are used to acquire preferred equity in an entity named "Strategy Inc." The returns from these equity holdings are then used to fund the rewards distributed to the BUCK DAO community. Holders earn these rewards simply by keeping the BUCK tokens in their personal wallets, maintaining full custody and liquidity. ^{[1] [2]}​

BUCK also serves as a governance token for the BUCK DAO, a decentralized autonomous organization intended to give token holders a role in the project's future direction. Despite its development by a U.S.-based team, the product is explicitly marked as "Not for U.S. persons" and includes several disclaimers regarding its regulatory status and the discretionary nature of its rewards. ^{[1] [3] [2]}​

History

The development of Buck Token was led by Buck Labs, a technology company based in Miami, FL, founded by Travis VanderZanden. The project's official X (formerly Twitter) account was created in November 2025. ^{[2] [3]}​

The project released its initial MiCA-compliant whitepaper on December 16, 2025, providing the first detailed public look at its structure and mechanics. An update to this whitepaper was published on January 4, 2026. The Buck Token officially launched on the Ethereum blockchain on January 5, 2026. ^{[1] [2]}​

Technology and Reward Mechanism

The technological foundation of Buck Token is its proprietary "SavingsCoin" model, which is designed to generate and distribute yield to holders through an off-chain investment strategy.

The SavingsCoin™ Concept

The term "SavingsCoin" was introduced by the project to differentiate BUCK from traditional stablecoins. The key features of this model are:

• Passive Yield: Holders are intended to earn an annual reward, which was advertised at a 7% APY rate around the time of its launch, though this rate is variable. ^{[1] [3]}
• No Staking or Lockups: Rewards are earned simply by holding BUCK tokens in a self-custody wallet. This design eliminates the need for users to stake tokens, deposit them into a separate protocol, or surrender control of their assets. ^[1]
• Continuous Liquidity: Because the tokens are not locked, they remain fully liquid and can be transferred or used at any time while still accruing potential rewards. ^[1]
• Real-time Accrual: The project provides a dashboard that allows holders to monitor their potential rewards as they accrue "minute-by-minute, block-by-block." ^[1]

The combination of these features aims to create a low-friction savings instrument within the digital asset ecosystem. ^{[1] [2]}​

Yield Generation

The rewards distributed to BUCK holders are not generated through on-chain activities like lending or staking. Instead, the project employs an "indirect Bitcoin-collateralized strategy" managed through its corporate structure. The process consists of a few key steps:

1. Fund Collection: The treasury collects proceeds from the primary sales of the Buck token.
2. Investment: These funds are used to purchase "Strategy's Preferred Equity." This refers to preferred equity shares in an entity named Strategy Inc. (ticker: STRC).
3. Yield Source: The rewards distributed to BUCK holders are funded by the returns generated from these preferred equity holdings. ^{[1] [2]}

According to project documentation, the underlying entity, Strategy Inc., holds over 650,000 BTC in its reserves and is claimed to be more than five times over-collateralized. ^[1]​

Reward Distribution and Eligibility

While rewards are said to accrue in real-time, the actual payout process is subject to a specific monthly cycle and a multi-layered approval process.

• Payout Schedule: Rewards are paid out to eligible holders on a monthly basis.
• Claiming Process: Holders must actively claim their rewards each month through the project's official application. ^[1]

To be eligible for a full month's rewards, a user must hold BUCK tokens continuously within a specific five-day window. The eligibility period starts at 9:00 AM ET on the 10th of the month and ends at 4:00 PM ET on the 15th of the month. Any tokens purchased after the start of this window are not eligible for that particular month's reward distribution. ^[1]​

The final distribution of rewards is not automatic and is contingent on a three-part approval process:

1. A vote by the token holder DAO.
2. Approval from the project's Cayman Foundation.
3. The final discretionary approval of the BVI Token Issuer.

This structure means that rewards are not guaranteed and depend on the successful completion of each governance step, in addition to the performance of the underlying investments. ^[1]​

Tokenomics

Buck Token (BUCK) is an ERC-20 token on the Ethereum blockchain that also functions as the governance token for the BUCK DAO.

• Token Name: Buck Token
• Ticker: BUCK
• Blockchain: Ethereum
• Token Standard: ERC-20
• Contract Address: 0xdb13997f4D83EF343845d0bAEb27d1173dF8c224

As of mid-January 2026, the token's supply metrics were reported as:

• Total Supply: 838,080 BUCK
• Circulating Supply: 838,080 BUCK
• Max Supply: Infinite (∞)

The project is categorized under DeFi and the broader Ethereum Ecosystem. ^[2]​

Governance and Corporate Structure

The Buck Token project operates through a multi-entity structure that separates its technology development, token issuance, and governance functions.

• Buck Labs: The core technology company, based in the United States, responsible for the development of the Buck Token protocol and associated applications. It is led by Founder and CEO Travis VanderZanden. ^[2]
• BUCK DAO: The decentralized autonomous organization for which BUCK serves as the governance token. The DAO is designed to give the community of token holders a voice in key project decisions, including the approval vote for monthly reward distributions. ^[2]
• BVI Token Issuer: A legal entity established in the British Virgin Islands. This entity is responsible for the issuance of the BUCK token and the management of the treasury that holds the "Strategy's Preferred Equity." It holds the final discretionary power over reward distributions. ^[1]
• Cayman Foundation: An entity based in the Cayman Islands that serves as an additional layer of governance. It must approve reward distributions after the DAO vote and before the BVI Issuer's final decision. ^[1]

Team

The team behind Buck Token comprises individuals with experience in consumer technology, ride-sharing, and crypto engineering.

Travis VanderZanden

Travis VanderZanden is the Founder and CEO of Buck Labs, the company that developed Buck Token. He is described as a long-time Bitcoin investor with extensive experience in building and scaling global consumer technology companies. Before founding Buck Labs, his career included several high-profile leadership roles:

• Bird: Founder and former CEO of the micro-mobility company, where he led its rapid global expansion and navigated complex regulatory landscapes in hundreds of cities.
• Uber: Served as Vice President.
• Lyft: Served as Chief Operating Officer. ^{[1] [2]}

Key Personnel

Other key members of the founding team include:

• Brett Potter (VP of Engineering): Prior to joining Buck, Potter was an engineer with experience at Binance, Facebook, and Uber.
• Dan Hillery (Head of Treasury): Hillery previously worked at MSTR True North and is a graduate of Brown University. ^[1]

Security and Audits

The project has stated that it prioritizes security and transparency. The smart contracts for Buck Token have undergone independent security audits, with the corresponding reports made publicly available on the project's official GitHub repository (github.com/buck-labs/buck-v1). Additionally, the project's treasury reserves are subject to independent attestation by The Network Firm to verify the holdings that back the reward mechanism. ^[1]​

Legal Disclaimers and Risks

The project's official website and communications include several significant disclaimers that outline the risks and limitations associated with the Buck Token.

• Geographic Restrictions: The token and its associated services are explicitly stated to be "Not for U.S. persons." ^{[1] [3]}
• Regulatory Status: The project asserts that Buck is "not an offer of securities or investment advice." ^[1]
• Price Volatility: While the token has a target price of $1.00, it is not a pegged stablecoin. The official terms state that the "price floats based upon market demand," meaning it is subject to price volatility. ^[1]
• No Ownership of Underlying Assets: The legal terms specify that "Token holders gain no legal title or economic interest in Issuer's treasury holdings." This clarifies that holding BUCK does not confer ownership rights over the Strategy Inc. equity held by the BVI Token Issuer. ^[1]
• Discretionary Rewards: Rewards are explicitly not guaranteed. Their payment depends on the investment performance of the underlying assets and the successful completion of the multi-stage approval process involving the DAO, the Cayman Foundation, and the BVI Token Issuer, which holds final discretion. ^[1]