Updating Tokenomics & 10000$ Contest. Last week we had a very heated discussion with some of our supporters since Remme ICO.

03 May 2021, 10:44

Updating Tokenomics & 10000$ Contest Last week we had a very heated 🔥discussion with some of our supporters since Remme ICO. They expressed a couple of concerns according to the future of the $NUX use cases. We agreed to talk things through with all the members of the Peanut community. It is the topic about the $NUX tokenomics and its upcoming changes. Upcoming Tokenomics and $NUX utility updates 💪 As you all know DeFi space keeps on moving and everything changes within a few weeks or even days. 3 months have passed since the publication of the tokenomics and the DeFi space has advanced in optimizing transactions which as you all may have noticed led to a significant decrease in commissions on the Ethereum network. During the token sale, we’ve presented the $NUX utility concept, which can be found here: We have never stood aside from the trends and for today we have a fully working and improved hedging mechanism without involving any additional liquidity. In this regard, there is no need for a $NUX token during hedging in old vision, the process becomes cheaper and the mechanics of using the token originally laid down in the documents are automatically lost. But we are considering adding discount model, where $NUX will reduce commission for LP's. Peanut team vision 👁 With all this, there remains a system of 10% buyback of $NUX tokens from Peanut revenue. Our vision here is the most effective tokenomics will be using buyback as step 1, and yield (liquidity mining) for staked $NUX tokens in the form $NUXs from buyback as step 2. Such a model should bring benefits from both: 1️⃣ Buyback (no actions required from holders, even passive holders get benefits from it) 2️⃣ Liquidity mining (most active part of the community will stake tokens, less tokens on exchanges) and will be good from the legal side as well. We are waiting for feedback about it from our legal advisors. 10000$ Contest 🤑 During the first half of May, we will develop the new and improved mechanics for using $NUX tokens in all of our future Peanut products. In this regard, we would like to announce a competition for the best ideas for using $NUX tokens in the amount of $10000 in unlocked $NUX. Share your vision of using the token in the Peanut system and the authors of those options that we decide to implement will share the main prize. If there is only one winner, this person takes everything. Share your vision with #nuxonomic #️⃣ hashtag in our main @peanuttrade chat group.