NUTBOX Empowering The Blockchain Community
INTRODUCTION
Community operators have been anxious about how to make their communities lively for a long time, whether in traditional communities or blockchain communities. Due to the rise of the blockchain token economy, the community may initially choose to issue its own community tokens in order to incentivize users to engage in social activities and to promote the community to have a greater level of activity and value capture powered by the community tokens.
Unfortunately, this economic model is now solely used in the blockchain network's consensus system. It has no direct value for the applications, or communities, that run on the blockchain network. Website
Nutbox's goal is to create an open asset staking protocol that will allow the blockchain community to create an economic model for staking community assets in a blockchain network using the POS consensus algorithm.
Medium
WHAT THEN IS NUTBOX
Nutbox is a decentralized protocol that offers Staking Airdrops and a decentralized application toolkit that includes DeFi, community forums, and community governance, among many other things.
The NUTBOX is designed to create an open asset staking protocol that allows the blockchain community to establish a staking economic model for its community assets in a blockchain network using POS consensus algorithm. Youtube
THE BENEFITS OF STAKING IN THE NUTBOX
The PoS chain has always had a liquidity issue with Staking Token. When Tokens that have been pledged need to be transacted in most blockchain projects that use PoS, there is a particular unlock period. Users are unable to trade staking assets during this time.
By generating shadow tokens of Staking Token, many decentralized Staking Token liquidity agreements represent the Staking Token being pledged. The Nutbox Staking contract is a decentralized general agreement that ensures that every community has accessibility to this service. Discord
THE NUTBOX MAINFRAME
The Nutbox network, which is based on Substrate, operates as the company's mainframe. This will link up with Polkadot and become a part of its chain. TokenFactory, Staking Airdrop, Farming, DutchAuction, Goverance, and DApp launcher are among Nutbox's smart contracts. All of these modules make it easy for communities to provide Staking Airdrop, DeFi, and other application scenarios.
The ultimate goal of Nutbox is to empower the blockchain community to build their own staking economic business based on the staking model of the PoS chains they are running. The Nutbox parachain connects to the blockchain network as the Polkadot parachain when the Nutbox blockchain obtains a parachain slot through the Polkadot parachain slot auction. Telegram
STAKING LIQUIDITY PROTOCOL
tToken that indicates the associated Staking Token's ownership. At the same time, any tToken holder can redeem to the associated Nutbox pledge asset liquidity agreement at any time and from any location, and Staking Token will be paid to the appropriate account after unlocking.
Conclusion :
Through tToken, Nutbox equally realizes the liquidity of equivalent assets in all communities (tradeToken, the liquidity token of Staking Token). Each tToken corresponds to a distinct type of PoS token.
Token holders can use the Nutbox pledge-assets smart contract to pledge or redeem assets without the need for a third party. Token holders can get tToken 1:1 when they start staking to the Nutbox pledge contract. Twitter
PUBLISHERS DETAILS :
Bitcointalk Username : Buruibu
Bitcointalk profile link : https://bitcointalk.org/index.php?action=profile;u=3389052
Bep-20 Wallet Address : 0x61f31a6cbF0d5bd8893BD4E9510aF0b400e08Ff0