As the RBI\u2019s grace period to banks \u2013 dealing with cryptocurrency entities \u2013 is set to end next month, the Indian cryptocurrency exchanges which include Zebpay have explored other routes such as crypto-to-crypto to bend around the rules the tech way. While Unocoin has launched a new platform UNODAX, a multi-crypto asset exchange; BuyUcoin, another cryptocurrency exchange and wallet company, has now announced the launch of BuyUcoin Token (BUC).\r\n\r\nThe total supply of BUC will be over 100 Mn, says the company. The token can be used to pay any kind of fees on Global BuyUcoin Exchange, to avail discounts or to trade cryptocurrencies on the exchange.\r\n\r\nThe crypto-tokens will be available from tomorrow onwards. On June 1, \u00a02018, BuyUcoin will be pursuing 25,000 BUC airdrops, the BUC will then be distributed to the BUC holders according to the ratio of the amount of BUC they are holding to the amount of total BUC booked at that time on BuyUcoin.\r\n\r\nShivam Thakral, co-founder and CEO, BuyUcoin stated, \u201cBuyUcoin Token (BUC) is a stepping stone towards building the next level of products for the cryptocurrency industry. With a long-term perspective, we believe decentralised exchanges will take this industry forward. Currently, the intervention of several other governments around the world has created several roadblocks in the growth of this industry, while solutions remain in the basics.\u201d\r\n\r\nThe BuyUcoin Token (BUC) is established on the NEM Blockchain and follows the NEM token standards for their own token (BUC). At present, the BuyUcoin Token (BUC) is open for an initial booking before it is opened for trading and other utility purposes with a total supply of 100 Mn tokens.\r\n\r\nBuyUcoin plans to build a secure and high liquidity decentralised exchange, where BuyUcoin Token (BUC) will be used as one of the key base assets and coins to be spent in exchange of fees with discounts and other modes of payment.\r\n\r\nOn April 5, 2018, the RBI had issued a statement\u00a0that said it will not deal with or provide any service to the entities dealing with any cryptocurrency such as Bitcoin. Regulated entities which already provide such services shall exit the relationship within the course of the next three months, it stated.\r\n\r\nAs a result, Kali Digital, Flinstone Technologies and many other cryptocurrency firms have knocked the doors of the court. On May 17, the Supreme Court of India, upon hearing a related case, had directed to club all the petitions pending across various courts in this regard.\r\n\r\nThe case will further be held on July 20.