Peanut is the first CommunityFi. Peanut is also a decentralized staking community, which has revolutionized the way people participate in the staking economy and community building. It has the following characteristics:
1）Peanut is owned by the community, not a single entity；
2）It has its own community token —— PNUT, which serves to consolidate the community consensus;
3）Leads the cold launch of Peanut community through the Staking Module;
4）The community has its DAO fund and DAO Governance Module, which can allocate PNUT to community contributors;
5）The community has application modules such as DeFi and community blog;
Peanut
How did Peanut Achieve Cold Launch
At Peanut, SP holders delegate the right to use SP to the Peanut community and receive STEEM and PNUT rewards. The PNUT received by community members can be swapped with mainstream cryptocurrency assets such as USDT on decentralized exchanges.
The Peanut community owns the right to use of the SP delegated by community members. It receives part of the staking rewards continuously and repurchases PNUT through decentralized exchanges. Since PNUT is produced in a fixed number of blocks, the staking reward for repurchase increases with the increase of SP delegation, so the value of PNUT will continue to increase.
The increase in the value of PNUT will attract more SP delegation from community members, which activate the positive loop flywheel and realize the cold launch of Peanut.
How did Peanut Achieve Autonomous Governance
When SP delegators receive PNUT, 10% of the PNUT will be automatically allocated to Peanut's DAO fund, so the DAO fund holds a certain amount of PNUT.
Peanut DAO Fund is like a company's public account, and through the Peanut proposal voting system, PNUT can be allocated to the developers, operators and market partners of the community, and also vote on community affairs.
Community contributors or proposers can write a proposal describing the work done for Peanut, and submit it to the community for voting. Once the voting approval rate exceeds 30%, the proposal is approved. For the approved proposal, the Peanut DAO Fund will allocate PNUT to contributors as requested by the proposal, and the community committee will also carry out any tasks voted by the community according to the proposal.
How did Peanut Achieve Value Creation
Peanut can deploy applications in the Nutbox Community Service Store in its own communities, such as community blogs, Dex, Lend, etc.
Community members can use community applications when needed to meet their own encryption service needs, and community operation partners can also provide support. When community members use the community blog, Dex, and Lend, the community can get part of the service fee from it, and this part of the income will further support the value of PNUT. As more and more applications are provided in the community, the services provided to community members will get better and better, and the value of the community will gradually increase.
Changes Brought Forth
Through the three modules above, Peanut has become the largest DeFi & second largest staking platform in the Steem community in just three months. It has brought forth the following changes:
Positive Circular Economy
Community members delegate staked assets to Peanut, and Peanut obtains the usufruct of the staked assets to accumulate assets for repurchase. The assets accumulated by Peanut provide value support for PNUT through decentralized repurchase. Community DAO governance further allows Peanut to be owned by the community and supports the development, operation and marketing of Peanut to promote the sustainable development of Peanut.
This series of mechanisms helped Peanut achieve the cold launch of a decentralized staking community. Using a game model similar to Bitcoin, the flywheel of the community's positive circular economy is activated by the tokenization of the Peanut community.
A Brand New Staking Economy
Unlike the traditional delegate STEEM POWER to receive STEEM rewards, Peanut has invented a new method to achieve community cold launch through staking.
Community members stake PoS Token on the underlying blockchain network, vote for community nodes or delegate to the community, and receive PoS Token and community Token. This method transforms the stake to earn interest model into a new way to support the development of the community. The largest differences between this method and traditional ICOs and IDOs are:
- The PoS Token is staked on the underlying blockchain network, and the PoS Token will not be at risk due to any mistakes in the community.
- You can cancel voting or delegation for community nodes at any time;
- Community members have the opportunity to participate in the early building of a high-quality community, and the community can also obtain the direly needed initial support.
Completing the Web3.0 Puzzle
As a decentralized staking community, Peanut has achieved a complete closed-loop economy, which can be used as a method to guide the early cold launch of community. This method will become an inseparable part of the future decentralized autonomous organizations.
More importantly, Peanut has realized the tokenization of the community. On this basis, Peanut can use the proposal voting system to enable the community to achieve autonomous governance, effectively reward community contributors, and incubate community services to promote Peanut's continuous and rapid development.
Peanut's data and model provide an important reference for many communities, and will serve as a model for future Web3.0 communities to promote "Community Link to Web3.0" under Web2.0.
About Nutbox
Nutbox Introduction
DOCS | https://docs.nutbox.io
Website | https://nutbox.io/
Nutbox Guide
EN | https://blog.nutbox.io/@nutbox.mine/the-new-ui-of-nutbox-is-about-to-online-and-the-tutorial-of-new-ui
CN | https://blog.nutbox.io/@abcallen/wherein-1615536657147-s
Contact US
Wechat： cnsteem
Steem： https://blog.nutbox.io/@nutbox.mine
Discord： https://discord.gg/zPkMuGY
Telegram： https://t.me/joinchat/HKSkL1tns74yODE1
Vote For US
Please vote for our witness nutbox and smt-wherein:
nutbox
https://steemconnect.wherein.mobi/sign/account-witness-vote?witness=nutbox&approve=1smt-wherein
https://steemconnect.wherein.mobi/sign/account-witness-vote?witness=smt-wherein&approve=1
Sook Jin GOH,
Nutbox Ambassador for Malaysia,
Director at Nanyang Global Scientific Research Centre
