Hello folks, time flies when we have fun. It has been the end of August without much notice. Does any one still remember the sudden price dip of all cryptocurrencies at the beginning of the Spring? I am not going to argue that whether the disaster was caused by Elon Musk’s tweets. I wonder if we still remember that many people predict that the market will be active again in Fall and Winter, and all cryptos will go to moon.
Personally, I feel the current cryptocurrency market is relatively stable. We did not have any other crypto that had a 75% bull run like Solana last week. I saw a tweet yesterday, it says "except for ETH, all others declining". Obviously it was a tweet that promote ETH/ETH2.0. Well, It is true that most of the tokens are slightly down from seven days ago, but it is not very serious.
The Nutbox team launched a bug bounty campaign last week. The team has raised a total of 100,000 $PNUT as a reward to give to users who actively participated in the beta test of the Walnut Network project. Hope you all participate and earn some tokens.
The value of $PNUT has moved a slightly upward last week; the performance was steady. I have started to record the value of $PNUT since May 22; $PNUT has her ATH at the current moment. It is definitely possible that as the Walnut project gradually matures, it would bring more energy for $PNUT to continue her bull run further.
The Peanut project brought the first DeFi application to everyone, who delegated to Nutbox. Users can mining $PNUT with their delegation; Nutbox project has also established a staking pool with APY around 46% between $PNUT and $TRX. However, a farming pool of staking $PNUT alone was not found anywhere. Some users have told me that they have sold their $PNUT because they didn't have a way to staking only $PNUT.
The Walnut project will solve this problem. With the ability to create any staking pools under support blockchains, $PNUT will have her own staking pool.
We lost 100,000 total delegated power in the middle of the week, and it returned back to the same level at the beginning of the week at the weekend. Personally, I feel that we have reached a stable point of the total delegation at this point. The degree of fluctuation should maintain a relatively stable.
Of course, we hope, through Walnut, we will get more attention from the crypto users and boost the support even higher.