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Crypto Buddies, a hybrid community platform dedicated to delivering up-to-date and actionable news and information about present and future crypto and blockchain projects, has announced that the presale for its native token $CBUD will take place on Pinksale at 6:00 pm UTC on 9 March 2022. $CBUD is a hyper-deflationary token that gives its users passive BUSD rewards every 60 minutes.

The $CBUD token is meant to be used exclusively by users of the Crypto Buddies platform, which will go live in full form as soon as the token launch has been successfully completed. The platform will serve as a source of flash news and a resource for knowledge that can help inform crypto or blockchain project investment decisions.

Crypto Buddies founder David Gonzales expressed his excitement at how fast the project is currently progressing. “The community has shown great support throughout all the stages of the project development so far,” he said. “We are definitely committed and looking forward to hitting our milestones in the next 12 months.”

The official presale link will be given through the project’s official social media channels only.

Platform highlights

As a news and community platform, Crypto Buddies aims to become one of the top destinations for cryptocurrency users first in the Philippines, and later throughout Southeast Asia. It’s being modeled after many other successful crypto-focused publications such as Coindesk, Cointelegraph, and NewsBTC.com.

Initially, it will give users a quick way of learning how to get into the world of decentralized finance or “defi” and will engage with members of the community constantly through various events – whether internally or in cooperation with third-party projects.

Native token features

Initially, the native token $CBUD will be available for all early birds to buy through the upcoming whitelisted presale on Pinksale. The token will then be publicly listed and available for anyone and everyone through the decentralized exchange Pancakeswap.

It’s built as a basic rewards token with 8% BUSD rewards distributed to holders every hour. The rewards will be taken from the 15% tax imposed on all token buys and sells.

In the future – as indicated in the project roadmap – the native token can and will be used to access exclusive platform-only features and subscriber-only content, which include a token sniffer and analyzer, cryptocurrency trading courses, and much more.

The platform is also working aggressively in search of possible current and future partners both from within as well as from outside of the cryptocurrency space.