Buck launches bitcoin-linked ‘savings coin’ tied to Michael Saylor’s Strategy

Core Insights - Buck Labs has launched the "BUCK" crypto token as a yield-bearing savings coin for users seeking returns on dollar-denominated crypto holdings without relying on traditional stablecoins [1][2] - The token is backed by shares in Strategy (MSTR), which holds nearly 675,000 BTC, making it the largest corporate holder of bitcoin [1][2] Token Structure and Functionality - BUCK is initially priced at $1 and aims to distribute rewards targeted at around 7% annually, with returns accruing on a minute-by-minute basis [2] - The rewards for BUCK holders are funded through the foundation's treasury holdings of Strategy's bitcoin-linked perpetual preferred stock, known as STRC, which provides periodic income [3] - BUCK is structured as a governance token, allowing holders to vote on reward distribution and other protocol decisions [5] Market Positioning and Target Audience - The product is designed for non-U.S. users initially and is not being offered as a security, aiming to provide predictable crypto-based returns without the need for active trading [5] - Buck Labs emphasizes that BUCK is intended to complement existing stablecoins by offering a savings-focused alternative for longer-term holdings [5] - The founder of Buck Labs, Travis VanderZanden, highlights the need for a savings mechanism in the crypto economy, stating that BUCK is designed for earning rewards on idle capital [4]