#Nuxonomics 1st Update. We are pleased to announce the basic vision of $NUX tokenomics.
14 May 2021, 20:35
#Nuxonomics 1st Update
We are pleased to announce the basic vision of $NUX tokenomics. First of all, we would like to express gratitude to everyone who took part in #Nuxonomics contest. Many of you are on the same wavelength with us and offer options that can serve as the formation of a new $NUX utility in Peanut products. We have the greatest interest in @tmctg vision! We would like to learn it deeper and with confidence to congratulate the first winner of the prize of $ 5,000 in the $NUX equivalent. @tmctg great work!
@CyberStrategy1 option is also still at the stage of familiarization and deeper analysis due to the massiveness of the content. We’ll allocate the remaining $5,000 after the finalization of all the proposed decisions.
So, let’s turn to the key moments of the future tokenomic.
$NUX Token in Peanut Products
Yes, we are going to use $NUX in all products where it’s possible. At the moment one of the option is about providing discounts for a certain amount of staked $NUX.
Want To Use Our Algorithms - Store $NUX
This option will be introduced in future updates after the product release. Initially, discounts for staking a certain number of $NUX tokens are expected.
Reduce $NUX Lock Period
Reducing the token lock period and an increase in the number of unlocked tokens will result in even greater coin volatility. The period of $NUX unlocks remains the same. You can read more details here.
Governance Token
$NUX will be used as a Governance Token. The implementation of DAO is fully scheduled after the release of the products. We selected the following profit distribution system:
5% - DAO, 10% - Buyback, 30% - Developers' team salaries and bonuses, 20% - Bear market treasury, 35% - Other costs and expenses, including Marketing, Biz Dev, Listings and Other Activities.
At the moment we have a monthly buyback and store all these $NUX tokens on one address. All previous and future buyback tokens will be used in the Peanut staking program as a reward. Buyback tokens will go to the yield treasure and will be divided among those who staked their tokens. More stake = more reward. For example, if this month we distribute 200k $NUX and there are only two 100 $NUX stakers it means that each of them will get 100k $NUX. Staking is possible only with unlocked $NUX. More information will be available in the future updates.
Lottery Time
Our team mate has been interested in this idea for so long that we decided not to exclude such an opportunity. But its realization will be possible only after developing DAO and Staking programs.
Stay tuned with our official social media channels:
📩Telegram➿📝Twitter ➿📰Medium➿🕷Website➿ 🅾️ Telegram Channel
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14 May 2021, 20:48
The first update about #Nuxonomics
Our basic vision of $NUX #TOKENOMICS
$NUX #Buyback + #DAO + #Staking
The first update about #Nuxonomics. Our basic vision of $NUX #TOKENOMICS. $NUX #Buyback + #DAO + #Staking.
The first update about #Nuxonomics
Our basic vision of $NUX #TOKENOMICS
$NUX #Buyback + #DAO + #Staking
https://t.co/QCcWQ80tHF