What is BOOKUSD (BUD)
What is BOOKUSD (BUD)
Start learning about what is BOOKUSD through guides, tokenomics, trading information, and more.
BOOKUSD (BUD) Basic Introduction
BUD is a decentralized stablecoin designed to maintain a soft peg to the US Dollar. It is the native stablecoin of the BOOKUSD protocol, a borrowing platform deployed on the BNB Chain. Users can mint BUD by depositing BOOK tokens as collateral, enabling access to on-chain liquidity without needing to sell their assets.
The BOOKUSD protocol is a fork of Liquity V1, originally built on Ethereum, but modified to use BOOK—an asset native to the BNB Chain—instead of ETH as collateral. The protocol offers interest-free borrowing and operates with a liquidation mechanism based on collateral ratios and stability pools to maintain system health.
BOOKUSD (BUD) Profile
BOOKUSD (BUD) Tokenomics
Tokenomics describes the economic model of BOOKUSD (BUD), including its supply, distribution, and utility within the ecosystem. Factors such as total supply, circulating supply, and token allocation to the team, investors, or community play a major role in shaping its market behavior.
BOOKUSD TokenomicsPro Tip: Understanding BUD's tokenomics, price trends, and market sentiment can help you better assess its potential future price movements.
BOOKUSD (BUD) Price Prediction
Building on tokenomics and past performance, price predictions for BUD aim to estimate where the token might be headed. Analysts and traders often look at supply dynamics, adoption trends, market sentiment, and broader crypto movements to form expectations. Did you know, MEXC has a price prediction tool that can assist you in measuring the future price of BUD? Check it out now!
BOOKUSD Price PredictionDisclaimer
The information on this page regarding BOOKUSD (BUD) is for informational purposes only and does not constitute financial, investment, or trading advice. MEXC makes no guarantees as to the accuracy, completeness, or reliability of the content provided. Cryptocurrency trading carries significant risks, including market volatility and potential loss of capital. You should conduct independent research, assess your financial situation, and consult a licensed advisor before making any investment decisions. MEXC is not liable for any losses or damages arising from reliance on this information.
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