Buxcoin (BUX) is a private decentralized blockchain network that aims to provide a smooth experience of cryptocurrency trading to users. The platform aims for merchants and customers to have a secure, reliable, and instant network to exchange services and goods using the native tokenBUX. The platform believes that cryptocurrency and smart tokens are the future of industry needs, and thus BUX aims to replace all traditional currencies. 

The developers of Buxcoin have realized the need for a solution in the present blockchain for data encryption (only authorized recipients can see data), reliability, immutability (blockchain's ability to remain unchanged), transaction capability, and scalability. Hence, Buxcoin was evolved to use a PoW (proof-of-work) algorithm that makes it a decentralized and open network that work efficiently. The platform claims to ensure the security of the token usage by using the latest encryption tools from any data errors or cyber- attacks. Cyber attacks are theft attempts intended to steal valuable information through unlawful access to computer systems. BUX-LOOP-SECURITY is a blend of predesigned software and a group of secret reverse hacking professionals who care for the network's security. The Buxcoin platform also aims to provide privacy to the platform users by keeping all transactions anonymous. Along with this, the decentralization feature ensures no control by a centralized authority. 

The platform uses the utility token BUX in all transactions to make the protocol more functional. The token enables users to earn rewards by using the staking process. The staking process of BUX tokens needs the user to keep their wallet connected to the internet for eight hours. Further,  the user can perform longer staking to receive a high reward. The staking uses PoS (proof-of-stake) consensus that makes the stakers eligible to stake on two factors. The balance of participators’ wallet has to be not more than 10 percent of the total supply of coins (i.e., fifty million coins) to participate in staking to prevent major stake acquisition. Then the staking process needs a wallet to initiate the staking activity. As soon the wallet opens up, staking starts, and the reward gets distributed to the staker. Also, the BUX token aims to fulfill the transactions in a speedy way using the Meta trader 4 (MT4) trading platform and focuses on a large customer base worldwide. A Meta trader 4 is a flexible forex platform and provides traders with the easiness of working on it. This fundamentally helps Buxcoin’s hope of a higher market cap crypto-network list. The token aims to be utilized on various utilities like BUX superstore, MOYO copy trading, and more available on the network to make the token more useable. 

Buxcoin's headquarters is in London and has more offices across the globe. Buxcoin's idea was initiated in 2015. The Buxcoin team has academicians and entrepreneurs from various fields and technology people whose aim was to develop a token that could provide various possibilities. 

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