The Buck Foundation has officially launched a digital asset designed to deliver predictable returns and minute-by-minute earnings to its holders. Named Buck, the token promises 7% annual rewards that accrue continuously, positioning itself as a savings-oriented alternative to current stablecoins in the crypto ecosystem.
Backing Through Strategy's Preferred Stock
Central to Buck's credibility is the Foundation's decision to back it with its holdings of Strategy's bitcoin-collateralized perpetual preferred stock (STRC). STRC is an overcollateralized instrument that pays monthly returns to Buck's treasury at a variable annual rate. Buck token holders then vote on how those earnings are distributed, creating a transparent savings community rooted in STRC's established financial framework. This structure, according to the team, ties Buck directly to a proven financial asset, ensuring its reward model is supported by institutional strength rather than speculative volatility.
Buck Labs, the U.S. technology company behind the project, is led by founder and CEO Travis Vanderzanden — a long-time bitcoin investor and former senior executive at Lyft and Uber. Vanderzanden emphasized the product's simplicity: “People want a simple way to earn rewards in crypto without becoming speculators, and that is exactly what Buck is designed to provide. By offering access to the Bitcoin Dollar with 7% rewards, we aim to make saving in crypto intuitive and accessible for everyone.”
How It Works: 24/7 Trading and Continuous Rewards
Initially priced at $1 per token, Buck allows 24/7 trading with rewards that accrue based on the precise time tokens are held. Investors can enter and exit directly in cryptocurrency, bypassing fiat conversions and traditional banking infrastructure. The goal is to deliver a borderless and user-friendly savings experience. Vanderzanden also framed Buck's role as complementary to stablecoins: “Stablecoins act as the checking account, providing liquidity for daily activity. Buck is positioned as the high-reward savings coin, delivering dependable returns and financial discipline. Our goal is to make consistent savings a core financial function of crypto.”
Market Implications and Risks
While the product structure is innovative, its success depends on the stability of the underlying STRC instrument, the efficiency of the governance voting mechanism, and the evolving regulatory landscape for crypto savings products. The Foundation's backing by an institutional-grade asset like STRC could attract risk-averse crypto users seeking yield without directional exposure. However, volatility in bitcoin collateral and potential market dislocations remain factors to watch. As of now, Buck has begun trading and is drawing attention from community members interested in passive income streams within the crypto ecosystem.