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Bi-weekly Highlights #1. Peanut Community. Your willingness to engage and guide us is greatly appreciated.

Peanut
Peanut
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21 May 2021, 14:37
Bi-weekly Highlights #1 Peanut Community. Your willingness to engage and guide us is greatly appreciated. Based on a community feedback and internal review we are taking the following immediate step and would like to start with a biweekly updates! So here is the vol 1 and let’s see what we have for you this week: ⚙️ PRODUCTS AND TECHNOLOGY 🎯 Products priority At the moment, we have a priority goal and complete all our products from the pipeline. We’ll add the utility to the products once we will finish building products. To speed up the product development we took the following actions: - Outsourcing of small developments - 3 external teams are engaged in the development of the separate products - Hired an external team of financiers - Hired an external DevOps team - Hired an external UI development team In total we have 8 external partner teams who are engaged almost in all our products. A few months ago there were only two external teams. 🎯Buyback 20% Starting from this month the buyback will be increased to 20% of the company's total revenue. We plan to start Buyback linearly from this week. 25% of Buybacked tokens will be directed into the DAO pool. 🎯Auth App This week our team has completed the development of the Auth application for the Android platform. Apk file you can download here. 🎯NUX Utility on the first layer As we said earlier, where it’s possible we will use a discount system in exchange for a staked NUX tokens. Products that use an automatic contract systems will initially include an additional 20% NUX buyback. At the moment we cannot determine the ratio of the number of staked NUX to the size of the discount. The maximum discount can be up to 90% on the Swapy’s principle. Products in which it is planned to initially introduce a system of discounts: Hedge platform Automated liquidity price range balancer Products with 20% buyback at NUX: FeeNo 🎯REM to NUX swap We have already collected more than 90% of ERC20 addresses from REMChain. The preliminary, swap will begin in the first week of June. More details will be provided in a separate announcement. 🎯Hedge platform for high liquidity pools Over the past few weeks, the market has given us the opportunity to test our algorithms not only in a bull market, but also in a falling one. The results of the work are very inspiring. Our theory of the independence of our products from the market sentiment has been proven in a practice. And this gives us optimism for at least the next 12 months. Also, We plan to launch an updated calculator next week and test it publicly. 🎯FeeNo We are actively preparing for writing a smart contract. Reached a consensus on the architecture of the product. UI for MVP is also in development. 🎯Liquidity Yield All buyback tokens will be sent to the smart contract and distributed as a reward among users who have staked unlocked NUX tokens. The planned launch date is June. This utility will replace reward Program 1. 🎯New Products We continue to generate new ideas for existing products and possibly new ones. We do not plan to release any new products until the main product list and NUX tokenomics are ready. ⚙️ MARKETING 🎯Internal Funds reserves that we do not spend 1) СEX/DEX product has $1.2m reserved 2) Flashbot Competitor has $400 reserved 3) Fair Launch has $1.2m reserved Part of our finance is not in crypto and we fixed most of it right after the token sale and continue to fix a certain part of the revenue. Thanks to our policy and the risk management, the flash crash this Wednesday practically did not affect the financial part of our company, except for the reserved funds in ETH. All our earnings are either in stable coins or fiat. 🎯Another marketing activities We are going to several conferences next week in Dubai, then Miami and one more city where we have very important partner to make contacts and discuss listings and attracting clients for our products. On May 27 Alex will have a panel discussion with Coindesk on Consensus 2021. We’re also in touch with a couple of big youtubers and influencers.