Weekly Nutbox Report #12

Hello folks, The Walnut project has finally launched last Monday. we had the opportunity to collected data of the operation statistics of the walnut project for the first time. We have learned there are some detail procedures that the team needs to address/help our users at the beginning, which may cause the inconvenience. Once users understand the basic operation, we can see the Walnut project are growing every day.

Starting this week, I will add a new chart, the total delegation of the Walnut project; I will add another chart, which would represent $NUT's price when it has the the equivalent price in US Dollar in the future.

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$PNUT Pricing

Right before Sunday yesterday, the price of $PNUT was relatively stable. Compared with the prosperous Walnut project, Peanut project is relatively quiet this week. Maybe everyone have paid more attention to Walnut, instead of our original DeFi platform.

From $0.0246 on Monday to $0.0203 on Sunday, the price of $PNUT fell by 0.43 cents, which is equivalent to a 17% drop.

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Total Delegation on Peanut

Like I mentioned last week, The total delegated power from the Peanut project might lose their significance after the launch of the Walnut project. The trend surely looks interesting when it comes to the total number of our users, who moved to Walnut and how many of them only wanted to stay on Peanut.

On the first day of the Walnut Project's official launch, we have learned that the Walnut Project and the Peanut Project are connected. In the Walnut project, the Staking pool, which specifically rewarding $PNUT token is exactly the same one on the Peanut platform. As long as you add a token to the Walnut's $PNUT staking pool, the total delegated power will automatically add to the Staking pool inside Peanut project. Same number shows on both side.

The only difference is that from the Peanut project side, user harvest $PNUT token from the TRON, and the Walnut side is the $NUT minted on the Binance Smart Chain. Essential the same amount delegated fund gives everyone two types of rewards on two different blockchains.

So far, the total delegation from the $PNUT staking pool in the Walnut Project is 5,675,820, while the original Peanut Project has 6,633,604 delegated power. This shows that some users stayed in the Peanut Project and have not yet entered the Walnut one.

Based on the connect staking pool mentioned above, users can get two different token rewards by just staking on the Walnut platform. Although the $NUT has no real fiat currency price, and cannot trade on the Binance Smart Chain yet; we know $NUT will have true worth after the airdrop scheduled in the near future. Call me biased, Binance has more features and use case than TRON. So do not miss the opportunity now.

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Total Delegated Power on Walnut

In the last chart, let's talk about the new delegated favorite, the Walnut project. By the end of Sunday, the total delegation has reached 19,097,804. It is the combination of all staking pools from the original community of the Peanut project. This does not include Moonbeam, BML, Acala and other Crowdloan communities, as well as the communities created by the MINT team on Binance Blockchain, who announced their cooperation with the Nutbox team last week.

Personally, I really want to join the $DOT staking pool and start using my Polkadot, which just sits in my wallet.

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Development update

Contract and relayer:

1. Complete nutbox token contract release
2. Fix known issues with Polkadot and Kusama relay

Walnut frontend

1. Support mooneam parallel chain voting function
2. Added relevant information display of crowdloan card
3. The home page displays various data

Walnut backend

1. Monitor the sub community token price of mint Club
2. Listen for relevant data of lptoken
3. Monitor data related to Boca parallel chain