Nutbox - Combinator on Steem Blockchain

 Hi friends, this time I will provide information about a very interesting project for you to know about a new cryptocurrency called Nutbox. Before going to the discussion, I think we all agree that blockchain technology still needs efforts to continue to grow and continue to develop in the future. So for that, let's see a brief review of the Nutbox project below.

Nutbox is the Y Combinator of the Steem community. Nutbox uses Steem Power (SP) faucet mining to increase SP in the Steem community to incubate Dapps in the community, and our motto is to promote the development of DAO start-ups like Y Combinator.

Part A - Nutbox Incubator

The Internet revolution has begun, with the help of VC and PE, the Internet platform has developed rapidly. Without VC and PE support, investment becomes risky. Many of these Dapps started off by spending money on traffic exchanges, making announcements to the public, and after that we would never hear from them again.

Steemit Inc used to be the sole representative of the Dapp development team for the STEEM blockchain. SP holders can use STEEM.DAO to support the operation and development of STEEM-based DAPPS. As a result, there was once a DAPPS boom period in a short period of time, around 500+ websites and tools developed by the community, and more communities have emerged since then. It is the group of volunteers who contribute their time, skills and other resources to make this happen, so that STEEM becomes even greater.

Nutbox hopes to be an incubation fund to invest in and support Dapp on Steem.

Mining Delegation

The convenience of DPOS (Delegated Proof Of Stake) with STEEM POWER (SP) allows NUTBOX to become an incubator fund like Y Combinator. This is very similar to the SP leasing platform, users who own the SP can choose to delegate to nutbox.mine, and nutbox.mine generates TRC20 PEANUT tokens (known as PNUT) following rules and conditions, and distributes these tokens back to the SP delegator.

The value of PNUT can be thought of as a decrease in revenue, and its price is supported by the nutbox token buyback activity. The rules are as follows:

  • STEEM users who are also SP holders, to delegate SP to the nutbox, then the delegates get PNUT tokens

PNUT distribution rules are as follows:

  • from 0~1M block, 20 PNUT/block
  • above 1M block, 10PNUT/block

PNUT for distribution to users below

  • SP delegate to nutbox.mine
  • nutbox.dao

Nutbox.mine, which has received delegates from the public, will use its curated rewards to periodically repurchase PNUT tokens.

Part B - Nutbox ecosystem

In the past, STEEM did have one of the best times to run it. There were hundreds of DAPPS and tools created during that era. ETH DeFi proof of use MakerDAO, Compound for lending, Uniswap, Curve, Bancor decentralized exchange type, and YFI for investment, Nexus Mutual as alternative insurance, WBTC, bundled cross-platform ERC20 tokens, all of these have been pioneers of crossover. token application platform.

And now, STEEM brings to you the new NUTBOX incubator platform, and it is a cross-platform incubator between STEEM and TRON. Our mission and motto, is to leverage nutbox.dao to develop new communities and decentralized platforms. As an early stage, nutbox.dao is targeting to develop a nutbox incubator, to support WhereIN, Steem for wordpress, Asch Witkey, Aksai and more DAPPS, as well as to make many and please them as a giant platform, temporarily known as nutbox.dapp.

WhereIN

Where is a Steem-based lifestyle community. Since its launch on 06 January 2019, WhereIN has achieved the seventh highest score in the world on the DAPP blockchain social media, and is also number 1 on the DAPP blockchain social media in the Chinese market.

Nutbox.dao will help ManaIN to upgrade the system in line with the TRON bridge through our DeFi system. WhereIN will look forward to joining online advertising to collect revenue for the WhereIN community and also to support nutbox.dao.

This is what I can say in this article. If you need accurate and reliable information, you can visit their official link, which I have provided below:

Username: abung
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2662588
BSC Wallet Address: 0x9e2a019960FA58BcA2e21b992c35c5B4A6d467a5

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