EarnBUSD: Stablecoin BUSD Yield Protocol

What is EarnBUSD

Friends, imagine when we deposit money in a bank, the bank gives us some interest. In the blockchain world, there is a similar concept, but with more diverse ways to play. Today we’re talking about EarnBUSD (abbreviated as EBUSD), which is such a project—it’s like a “piggy bank” in the digital world, but this piggy bank is a bit special: it regularly gives you “candies”, and these “candies” are the widely accepted USD stablecoin BUSD.

Simply put, EarnBUSD is a cryptocurrency project built on Binance Smart Chain (BSC). You can think of Binance Smart Chain as a highway, with all kinds of digital assets running on it. EarnBUSD is a special vehicle on this highway, and its core idea is to let holders earn rewards simply by holding the token, with those rewards distributed in the form of BUSD (a stablecoin pegged to the US dollar).

This project launched on January 9, 2022, and it combines two popular mechanisms: buy back and dividend. You can think of it as the first “sub-token” in the MoonRatX ecosystem—MoonRatX is a larger ecosystem, and EarnBUSD is one of its members focused on rewards and trading mechanisms.

For regular users, the typical process to participate in EarnBUSD is to buy and hold EBUSD tokens. When you hold these tokens, you have the chance to receive rewards in the form of BUSD. The project also mentions some unique features, such as “Proof Of Trade”, “Earn by Holding”, “AntiWhales”, “Limit holding”, “Reflection Reward”, and “Automatic Liquidity Pool”—all designed to encourage long-term holding and maintain a healthy token ecosystem.

Project Vision and Value Proposition

The vision of the EarnBUSD project can be understood as its hope to provide a relatively simple and direct way in the crypto world for users to earn passive income by holding digital assets. The core problem it tries to solve is how to allow token holders to benefit continuously and incentivize them to hold tokens long-term, rather than frequently buying and selling.

Its value proposition includes:

• Providing stablecoin rewards: Unlike many projects that directly reward their own tokens, EarnBUSD directly rewards BUSD, which is more attractive to users because BUSD is a stablecoin pegged to the US dollar, with less price volatility and closer to our everyday understanding of “cash” rewards.
• Combining multiple incentive mechanisms: It combines buy back, dividend, proof of trade, anti-whale, and other mechanisms to create a system that can self-sustain and continuously reward holders. For example, the “AntiWhales” mechanism is designed to prevent a few large holders from manipulating the market and to protect the interests of small holders.
• Community-driven: The project claims to be community-driven, meaning community members may play an important role in the project’s development.

Compared to similar projects, EarnBUSD’s differentiator is its emphasis on the innovative “Proof Of Trade” feature, combined with “Earn by Holding” and “AntiWhales” mechanisms, aiming to create a unique reward system.

Technical Features

EarnBUSD’s technical foundation mainly revolves around its smart contract on Binance Smart Chain (BSC). You can think of smart contracts as automatically executed agreements on the blockchain—once conditions are met, the agreed terms are executed automatically.

• Blockchain platform: EarnBUSD runs on Binance Smart Chain (BSC). BSC is known for its fast transaction speeds and relatively low fees, which allows projects like EarnBUSD that need to distribute rewards frequently to operate more efficiently.
• Core mechanisms:
  • BUSD rewards: Through smart contracts, the project automatically converts a portion of transaction tax into BUSD and distributes it to EBUSD holders.
  • Buy back mechanism: The smart contract may include an automatic buy back mechanism for EBUSD tokens, which helps reduce circulating supply and theoretically supports the token price.
  • Automatic liquidity pool: This is a common DeFi (decentralized finance) mechanism, where a portion of transaction fees is injected into the liquidity pool to ensure smooth trading of the token on decentralized exchanges (such as PancakeSwap).
  • Reflection reward: This means that with every transaction, a portion of the fee is redistributed to all existing holders, who receive rewards without needing to take any action.
• Contract address: The contract address for EarnBUSD is
  0xD058FBf196D5A02230A23037675eAE49D3174123
  , deployed on Binance Smart Chain.
• Security audit: The project claims to have passed a comprehensive security audit by Certik. Certik is a well-known security audit company in the blockchain field. However, it should be noted that while Certik audits can identify code vulnerabilities, they cannot fully guarantee the project’s security or prevent all potential risks—some projects audited by Certik have still encountered issues.

Tokenomics

Tokenomics describes the economic model of a cryptocurrency project, including token issuance, distribution, usage, and incentive mechanisms.

• Token symbol: EBUSD
• Issuing chain: Binance Smart Chain (BSC)
• Maximum supply: According to CoinMarketCap, EBUSD’s maximum supply is 100 billion tokens.
• Circulating supply: CoinMarketCap shows its circulating supply as 0, and total supply as 0. This may mean the data has not been fully verified, or the project team has not provided accurate circulating data to the data platform. This is not uncommon for new projects, but investors should pay attention to its transparency.
• Transaction tax: EarnBUSD introduces a unique transaction tax mechanism, which is an important part of its reward system:
  • Buy tax: Each time EBUSD tokens are purchased, a 15% tax is charged. Of this, 8% is distributed as BUSD rewards to all holders.
  • Sell tax: Each time EBUSD tokens are sold, a 19% tax is charged. Of this, 10% is distributed as BUSD rewards to all holders.
• Token utility: The main utility of EBUSD tokens is as an interest-bearing asset, allowing holders to earn passive income in the form of BUSD. The transaction tax design is intended to incentivize long-term holding and fund the reward pool.
• Distribution and unlocking: There is currently no public information detailing the specific distribution ratios of EBUSD tokens (such as team, marketing, community, etc.) or the unlocking schedule.

Team, Governance, and Funding

Public information about the EarnBUSD project’s team, governance structure, and funding is currently relatively limited.

• Team: Existing materials do not clearly mention the core members or specific information about the development team. The project is described as “community-driven”, which may mean that its development and decision-making rely heavily on community consensus and contributions, rather than being led by a centralized team.
• Governance mechanism: Due to the lack of specific team information, the project’s governance mechanism is also not detailed. Typically, “community-driven” projects use decentralized autonomous organizations (DAOs) or similar voting mechanisms to allow token holders to participate in decision-making, but whether EarnBUSD adopts such mechanisms and how they operate is not clearly stated.
• Treasury and funding: Likewise, there is no public information about whether the project has a dedicated treasury to support development, marketing, or ecosystem building, or about its funding runway.

When evaluating a blockchain project, team transparency, a clear governance structure, and healthy funding are very important considerations. For projects like EarnBUSD with limited transparency, investors need to be extra cautious.

Roadmap

A project’s roadmap usually lists key milestones and future plans in its development. For EarnBUSD, available public information does not provide much detail about its roadmap.

• Historical milestones:
  • January 9, 2022: Project officially launched (Fair Launch).
• Future plans:

  No detailed roadmap information has been found regarding EarnBUSD’s future development plans, feature updates, or ecosystem expansion. A mature blockchain project typically publishes its roadmap regularly to show the community its direction and goals. The lack of clear future plans may make it difficult for potential participants to assess the project’s long-term potential and sustainability.

Common Risk Reminders

Investing in any cryptocurrency project comes with risks, and EarnBUSD is no exception. Before considering participation, be sure to understand the following potential risks:

• Technical and security risks:
  • Smart contract vulnerabilities: Although the project claims to have been audited by Certik, smart contracts may still have undiscovered vulnerabilities that could lead to loss of funds. Many audited projects have suffered attacks in the past.
  • Platform risks: Binance Smart Chain itself may face risks such as network congestion and security vulnerabilities, which could affect EBUSD’s trading and reward distribution.
• Economic risks:
  • High transaction tax: The 15% buy tax and 19% sell tax are relatively high, meaning frequent trading incurs significant costs. If the token price does not rise enough or rewards are insufficient to offset the tax, investors may suffer losses.
  • Price volatility: The cryptocurrency market is highly volatile, and EBUSD’s price may rise or fall sharply, posing a risk of principal loss.
  • Sustainability of BUSD rewards: The mechanism for rewarding BUSD depends on continued transaction volume. If transaction volume drops, rewards may decrease, reducing the attractiveness of holding EBUSD.
  • Liquidity risk: CoinMarketCap shows its circulating supply as 0, which may mean insufficient market liquidity. Large token trades may face significant slippage (i.e., the difference between actual and expected transaction prices).
• Compliance and operational risks:
  • Regulatory uncertainty: The global regulatory environment for cryptocurrencies is constantly changing, and future policy changes may negatively impact project operations and token value.
  • Lack of team transparency: The absence of public team information and detailed governance structure increases operational uncertainty and makes accountability difficult if problems arise.
  • Information asymmetry: The lack of a detailed whitepaper and roadmap makes it hard for investors to fully understand the project’s long-term goals and development plans.

Please remember: The above information is for reference only and does not constitute investment advice. Before making any investment decisions, be sure to conduct thorough independent research (DYOR) and consider consulting a professional financial advisor.

Verification Checklist

To help you further understand and verify the EarnBUSD project, here are some resources and information you can check yourself:

• Block explorer contract address:
  • EBUSD contract address on Binance Smart Chain (BSC):
    0xD058FBf196D5A02230A23037675eAE49D3174123
    . You can check transaction records, holder distribution, and more on BscScan.
• Official website:
  • According to CoinMooner, the official website is:
    https://solrisetoken.cc/
  • According to CoinMarketCap, the official website is:
    earnbusd.finance/
    , and it mentions
    docs.moonratx.finance/
    , which may be the whitepaper or documentation link.
• Community activity:
  • The project has a community on Telegram. You can join and observe the community’s activity, discussion content, and the project team’s response speed.
• GitHub activity:
  • No public GitHub code repository related to EarnBUSD has been found. For a blockchain project, open-source code and active development are important indicators of transparency and sustainability.
• Audit report:
  • The project claims to have been audited by Certik but does not provide a direct link to the audit report. It is recommended to search for EarnBUSD or its contract address on Certik’s official website to find and review the full audit report.

Project Summary

EarnBUSD (EBUSD) is a cryptocurrency project deployed on Binance Smart Chain, with its core appeal being the ability to earn BUSD rewards simply by holding the token. It funds these rewards through high buy/sell transaction taxes and combines mechanisms such as buy back, automatic liquidity pool, and anti-whale, aiming to build a sustainable reward ecosystem. The project launched in early 2022 and claims to have been audited by Certik.

On the positive side, directly rewarding the stablecoin BUSD is attractive to users, and its multiple incentive mechanisms theoretically encourage long-term holding. However, there are aspects to pay attention to, such as the lack of a detailed whitepaper, team information, and future roadmap, as well as uncertainty in circulating supply data on CoinMarketCap. The high transaction taxes also mean investors need to carefully weigh potential returns against trading costs.

In summary, EarnBUSD offers a unique passive income model, but its transparency, long-term sustainability, and potential risks require investors to conduct in-depth independent research and evaluation. Remember, cryptocurrency investment is extremely risky, and the content of this article is for information sharing only and does not constitute investment advice. For more details, be sure to do your own research.