On November 1, 2021, NUT was created on the BSC network. After a six-month’s lock-up period, NUT has started free transfer from May 1, 2022.
Nutbox Walnut was launched on BSC network on February 21, 2022. There have been 22 communities and 364 community members using Walnut network, and TVL reaches $4.59 million.
Nutbox, a multi-chain staking protocol and staking-based DAO creation platform.
A few days ago, Nutbox has cross-chain supported Cosmos, and any Nutbox ecological community can start the delegate ATOM mint its community tokens. The first three communities to start this function are Walnut, Peanut, and WhereIN.
We update Nutbox logo and invite you to design more for us!
From the very beginning, the Nutbox team has been passionate about continuing to explore Web3 and working to connect more communities to the world of Web3. The members of Nutbox community are like the squirrel running towards the nut continuously in the movie Ice Age, full of energy and imagination, and firmly believe that one day they will find our NUT.
Based on this idea, we designed the first version of Nutbox's logo and defined the theme color as yellow, which symbolizes vitality and community.
Recently we have upgraded our logo and VI system, to make it more concise and suitable for our product. We keep the basic structure and color of our logo while changing the image into a more abstract form.
Whether in the world of distributed systems and digital assets or Mesopotamia thousands of years ago, human economic relationships have always been based on the same basic principles.
Fundamental Economic Principles of the Crypto World
In the Bitcoin network, miners obtain the authority to verify and determine transactions by locking (staking) mining machines and energy to obtain BTC rewards. Similarly, PoS verifiers need to lock the liquidity of local network assets in order to participate in the consensus process of the PoS network and obtain PoS token rewards. Like liquidity mining, tokens need to be stored in liquidity pools for specific transactions to receive compensation commensurate with their work.
The success of Cult.DAO comes from its fully decentralized narrative on the one hand and its exploration of the staking mechanism on the other.
In Cult.DAO, the 50 wallets with the most $CULT stakers form a guardian group, which can submit proposals for investment protocols, but have no voting rights. All $CULT stakers outside the top 50 have voting rights. Based on Staking, Cult provides innovative solutions for governance voting.
As a Staking DAO (Peanut) was launched in 2020. We are considering whether many PoS token stakers can take part in a similar Investment DAO under the existing conditions. So, we came up with our solution.
Proof of Stake(referred to as PoS, it also includes DPoS and NPoS in a broad sense). It is the underlying consensus mechanism of many public chains. There are currently 100+ blockchains using this consensus mechanism.
01 Huge Staking Economy Market
As Ethereum2.0 is approaching, the market value of blockchains using the PoS consensus mechanism is expected to reach $380 billion.
In September 2013, Stan Larimer first proposed in Bitcoin and the Three Laws of Robotics that Bitcoin can be viewed as an unmanned company, or think of it as a Distributed Autonomous Corporation (DAC).
Bitcoin DAO
“Can we construct a DAC that you would trust more than a Swiss Bank? I think Bitcoin may have found a way – with distributed autonomous software and its own Three Laws of Robotics." What happened between the Swiss Bank and Russia these days, answered Stan Larimer's question from the side.
Nutbox team has now completed the development of the new version of Walnut Network. After passing several public betas, and passing the third-party code audit, Nutbox Walnut Network will now begin a new chapter in its DeFi odyssey.
Nutbox team is excited to announce the following major news:
Walnut Network is officially launched on the Astar, supporting DAOs to launch via staking protocol and governance on Astar chain【https://astar.nutbox.app/】
So far, more than 40 million PNUT have been migrated to the BSC network across the chain. PNUT-WBNB Liquidity has reached $15K, and PNUT-WBNB Liquidity Mining has also started. Everyone can participate actively, and the high yield is also a rare way to obtain PNUT.
In order to reward PNUT-WBNB Liquidity Mining contributors, from February 27, 2022 to March 10, 2022, Peanut Farming's PNUT-WBNB Liquidity Mining Pool will reward contributors with 0.5PNUT per block. (PNUT-TRX Liquidity Mining Pool is 0.2PNUT per block)
Peanut v2 launches into its final phase. PNUT will start to migrate at 9:00 tonight (UTC+8), and Peanut Farming (Stake PNUT-WBNB mint PNUT) will officially start at 9:00 tomorrow night (UTC+8).
01 About Peanut Community (BSC Network)
Yesterday, the Peanut committee has created the Peanut Community on Walnut as the official platform for Peanut v2. The relevant data are as follows:
On November 18, 2021, Peanut v2 was scheduled to migrate to BSC. When everything was in place, Nutbox Walnut got hacked and both Peanut and Walnut suffered huge losses.
After 3 months of unremitting efforts, Walnut was launched on the BSC network on February 21, 2022. Five days after the launch, 10.47 million STEEM POWER was delegated to SP Delegation providers through Walnut, and TVL reached 3.07 million. We are also planning to relaunch Peanut v2 with the following plans:
- Migration
- Start time: February 26, 2022
- Support PNUT cross-chain transfer to BSC network (2022.02.26 21:00)
- Open PNUT-BNB LP mint PNUT (2022.02.27 21:00)
- Delegation
- Start time: March 12, 2022
- Enable delegate SP mint PNUT (BEP20)
- Peanut Proposal System launch
- Upvoted by nutbox.mine by paying PNUT
- Airdrop
- Start time: April 12, 2022
- Enable Stake PNUT (or PNUT-BNB) mint NUT
- Enable Stake PNUT mint PNUT
- Airdrop NUT to PNUT (BEP20) holder addresses
Nutbox has launched on Steem/Hive network on 21st Feb 2022, marking the first stop in its long odyssey. So what exactly is Nutbox?
What is Nutbox
Nutbox is a DAO creation platform without coding. It providing out-of-the-box functionalities to building DAOs, onboard users and bootstrap communities.
Nutbox team has now completed the development of the new version of Walnut Network. After passing the public test [test.nutbox.io] and passing the third-party code audit, the Nutbox Walnut Network will open a new chapter.
Nutbox team is excited to announce the following major news:
- Walnut Network is officially launched on the BSC, support DAO to launch via ISO on Steem/Hive chain【https://walnut.nutbox.app/】
- Start the 10,000,000 NUT Grant to encourage the development of the DAO on Walnut
A DAO is a online community whose assets are managed by the community's contributors.
How do we implement it? We think that an authentic DAO works in a way that converts Consensus into codes which are published on blockchains and executed compulsorily. Bitcoin and Ethereum work in such way, so are the protocol DAOs that are popping up nowadays.
However, even the creators of the protocol DAOs are required to possess a certain level of coding skills, not to mention evading the ubiquitous pitfalls in the dark forest of early Web3.
The proliferation of DAOs cannot rely on just one or two events, but requires a new method of Bootstrapping.
Just as the PoW (Proof of Work) mechanism directed the launch of Bitcoin in 2009, PoS (Proof of Stake) brought the rise of many Altcoins in 2013-2014, and ICO promoted the development of the public chains in 2016-2017, and Liquidity Mining ignited the DeFi Summer in 2020-2021.
The new era calls for new Bootstrap approaches, and ISO（Initial Staking Offering） is a Bootstrap approach that directs the large-scale proliferation of DAOs.
As Web3, Constitution DAO and etc thrived in the winter of 2021, DAO as「A online community with its assets managed by the contributors of the community」is being accepted and created by more and more people.
Nutbox is the infrastructure of DAOs. Specifically, the Web3 communities can use Nutbox to issue community Token (cToken for short), creating a series of contracts to automatically distribute cToken to community contributors. We can interpret it from the following three perspectives.
Background
Since the start of the Nutbox Walnut open beta, 41 communities have been created on the testnet [ https://test.nutbox.io/ ].
There are 25 bugs submitted on Github [ https://github.com/nutbox-dao/nutbox-interface-v2/issues].
After a month of adjustment and development, Nutbox Walnut will reopen the public beta and reward a total of 1 million NUT to every user who participates in the public beta as an appreciation.
Over the past month, Nutbox is very grateful to every friend who has supported us so far, and Nutbox will go further in the future.
