Hello folks, I have talked about the Walnut Network project, newest addition of the Nutbox development team in my post Introduction to Nutboxes' Walnut, A Decentralized Staking Platform.
Today, the Nutbox development team has pushed the Walnut Network to the public testing phrase; I had a chance to go through the application and see what was going on with the system.
The testing site is at:
Left Side Menu Items
I went through the menu items in the left side first.
The first link goes to the Wallet page. It seemed that this wallet could connect to multiple blockchains, including Ethereum, Polkadot, Kusama, STEEM and HIVE.
I know Nutbox has a platform to support the Polkadot/Kusama Parachain Slot Auction. Therefore, there is no surprise they are listed here. The label BNB might be a typo, the amount $BNB displayed in the wallet is actually my $ETH on Goerli Test Network.
Moving along, There are plenty testing communities, that have already been created in the Community page.
And the last menu link item is Crawdstaking, which displays all staking pools created by the communities.
Create Your Own Community
As of the current state, anyone, who has $ETH on the Goerli Test Network inside their MetaMask wallet can participate this beta test.
If some one wants to try this out but does not have any funding inside their wallet. Some testing $ETH can be found in
Just help them with some free twitter advertisement, at least 6 $ETH on Testnest will be sent to you.
The following steps are what I took to create my own community and staking pool.
Clicking on the “Manage Your Community” button to create my own testing community.
Going through a brief description of the entire process of creating communities and a 5 minutes short video, click “Get Started” button to initiate the creation.
To create a community, I need to register an asset first. Of course I neither have any asset to register nor created one yet.
Therefore, I could not do anything else except click on the “Register one” link at the lower right corner inside the Step 1 section, or inside the drop down menu as shown in the screenshot above.
Enter an existing ERC20 address to the input filed labeled as "Home Token location".
Or open the Mintable ERC20 form by click on “Deploy one” link if there were not assets sitting in the testing address; the Mintable ERC20 form would appear after.
I do not have one. So, I chose to deploy my first mintable token.
Following each step when prompts on the screen. I have created my first token and registered to the platform.
We know how it goes with ETH gas price. The following link below is the detail of the transaction. For instance, the transaction fee for deploy a new mintable ERC20 token was 0.001791436775552 Ether, and the gas price was 0.000000000946424 Ether.
https://goerli.etherscan.io/tx/0xe1b5bb283dcad27f68c22a616022f5fdbb4f947b7e6b9d9c6fc0016421100fe6
Once the asset was registered, I got my chance to create my own community. Don’t mind the community’s name and/or description. I’m weird from time to time.
Here was where we had to sign our life away. Just kidding, creating the community and upload community information requires wallet signature.
I am not going to repeat the "will not cost you anything" part inside the screenshot. We have spent transaction and gas fees before this step.
Once the community was created, I was redirected to the community Dashboard page; there I could add our own assets to the staking pool, and modify the community settings.
Signature is requires when the setting is updated.
Screenshot above shows the variables of creating the staking pool.
And voila, my newest community and staking pools have been created.
My Overall Experience
The entire process of creating my own community and staking pool is fairly straight forward. It does not require any programming skills or knowledge of blockchain technologies.
One thing to look out for, was to register an assets. It must be a mintable ERC20 token.
Thank you for reading my testing experience. You all have a wonderful day.
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