Announcement on the Return and Future Direction of BugsCoin Founder INBUM
1. Rejection of BGSC โ ADEN Ecosystem Merger
We conducted internal reviews and discussions regarding the potential ecosystem merger between BugsCoin and ADEN.
After careful consideration, we have decided to reject the merger for the following reasons:
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Delay in ADEN TGE Timeline
ADEN is preparing its Token Generation Event (TGE) while considering market conditions and various external factors.
However, the TGE timeline is currently delayed and remains uncertain.
Under these circumstances, requiring BugsCoin investors to wait for an indefinite period without a clear schedule was deemed unreasonable.
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Unfavorable Terms for Investors
BGSC to ADEN swap ratio: 200:1 ~ 300:1
Post-swap lock-up and vesting period: 12โ14 months
ADEN has stated that, during the initial TGE phase, it is necessary to maintain a more conservative swap structure in order to mitigate potential sell pressure and price decline resulting from excessive circulating supply.
However, these conditions are likely to be unfavorable to existing BGSC investors, and given the uncertainty surrounding the TGE timeline, we have decided to reject the merger, placing investor protection as our top priority.
2. Return and Continuation of Founder INBUM
As the BGSCโADEN merger will not proceed, INBUM has decided to return and continue in his role as the founder of BGSC.
He will continue to take full responsibility for the growth and development of the BugsCoin ecosystem.
3. BugsCoin (BGSC) Ecosystem
BugsCoin will continue to operate based on its core model:
a CEX referral-based reward ecosystem.
Through partnerships with centralized exchanges (CEX), BGSC rewards will be distributed based on trading volume generated through referral networks.
4. Buyback Strategy
In September 2025, approximately $4.11M worth of BGSC was pre-executed for buyback:
https://bscscan.com/tx/0xbffe9fbffa25b63a224cfdf9c2876aa0660749a3c46f2d684e0e447a2ee7575b
Following this, the project has transitioned from a deficit structure and is expected to achieve profitability starting from Q2 2026.
BugsCoin users earn trading fee rebates and BGSC rewards through their referral activity,
while the foundation generates commission revenue based on trading volume.
This revenue is utilized for BGSC buybacks,
creating a virtuous cycle where user trading activity directly contributes to token demand.
5. Remaining BGSC Tokens from Binance Alpha Airdrop
In July 2025, as part of the BGSC Binance Alpha listing, a total of 1,472,070,400 BGSC was transferred on June 26, 2025, to the Binance Alpha official wallet for marketing airdrop purposes:
https://bscscan.com/tx/0x71922139e5a3eee2daa330f03b700930de2d4e7112041294c826392bd5695789
An airdrop event was conducted accordingly:
After the 3-month lock-up period following the listing, a remaining 748,992,900 BGSC, originally intended for airdrop, is currently still held in the Binance Alpha wallet:
https://bscscan.com/token/0xa4b68d48d7bc6f04420e8077e6f74bdef809dea3?a=0x93deb693b170d56bdde1b0a5222b14c0f885d976
