Nutbox | Walnut Interview to Nutbox CMO Sunny

ale.aristeguieta (64)adminin Trading Capital • 3 years ago

Welcome once again to Nutbox LATAM as it is always a pleasure to have you here. We are all very excited about the development of Walnut and want to hear all about it.

To begin the interview we would like to start with a simple question that will open up everything And it will lead us to the other questions below

A) What is Walnut?

To understand Walnut, we need to know the road map of Nutbox, which can be divided into 3 development phases, namely Peanut (Nutbox v1), Walnut (Nutbox v2), Donut (Nutbox v3) respectively.

Nutbox Walnut is a Multi-chain CommunityFi protocol. It‘s phase 2 of Nutbox.
With the help of the Staking, Community Services, and Plugins and Governance Protocol provided by Nutbox Walnut, the community can create its own CommunityFi platform just like creating trading pairs on Uniswap.
At the same time, Nutbox Walnut contains content, NFT, and other components that the community can easily deploy to their own DAO.

B) What does this new phase of Walnut represent for Nutbox?

Nutbox team always believes that CommunityFi is for everyone. And the team incubated Peanut, a community DeFi platform on Steem blockchain. Based on Peanut’s experience, the team made tools that are truly important to the community and made them available to everyone.

The product of Walnut means that we have realized the empowerment of the community through blockchain technology, and not only on the Steem blockchain. We can bring CommunityFi to more chains, such as Ethereum, Binance Smart Chain, Polkadot and its parachain, etc..

By greatly reducing the threshold for running CommunityFi, Walnut enables community founders to create a series of profitable, composable, and sustainable services, as well as to establish a community-specific financial system. Walnut will become the center of communities in this way.

C) Is Walnut the Nutbox Blockchain?

Walnut Network is not a chain, but a protocol set. While Donut will be a independent social media blockchain in the future.

D) How does Walnut contribute to the development of Web 3.0?

Visually speaking, Walnut is like a door to the world of Web 3.0.
Because Nutbox Walnut makes CommunityFi's barriers low enough and does not require code, everyone can create a community or DAO on the blockchain, which is awesome.

F) What was the most difficult challenge that the Nutbox team has encountered in the development of Walnut?

There are 2 main challenges, which are Walnut Relayer and cToken generation & allocation.

First is the Walnut Relayer. It's difficult to achieve the relayer between PoS chain and main chain in a decentralized way.

Second is the cToken generation & allocation. When the community founder create a stking pool and set the allocation strategy, it looks simple on the front-end of Walnut but hard to deal with the data in the dack-end.

Those 2 problems are even tough problems in the whole blockchain industry.

G) Will Walnut be able to work with Ethereum later with Ethereum 2.0?

Of course yes.

Like I mentioned in question B, Walnut definitely supports Ethereum and Ethereum 2.0.

Actually Nutbox Walnut is able to work with assets of all the PoS chain and all the EVM based chian. The community ecosystem of the main chain, like BSC, will prosper and grow through Nutbox Walnut.

H) Are the Kusama Network slot auctions that Nutbox has participated in any relation to Walnut?

Yes. Nutbox Walnut supports Kusama and Polkadot Network so that crowdloan is also aggregated in the function packages.

The team is actively communicating and cooperating with various parachains, hoping to drive the progress of parachain slot auctions through the power of the communities.

I) What advantages will Walnut offer to community creators and developers?

Generally speaking, Walnut will benefits for the community creators, developers, and all the community users through tokenization and community service store. Different types of participants can join the Nutbox Walnut ecosystem and get corresponding incentives.

Users could create content to get upvotes and incentives. Developers could upload DApps to provide various services to communities and get incentives according to the usage of DApps. Communities could mobilize staking asset holders to vote for verifiers through the crowd-staking module to achieve bootstrapping and configure governance modules with one click to solve governance issues.

J) Nutbox is a DAO organization as well as a facilitator of this structure. Will all the communities that enter Walnut be DAO?

Definitely Yes.

That's what Walnut wanna do, is to turn communities into DAOs. The bootstrap of communities or DAOs from 0 to 1 needs to input initial value through Staking, and then DAO Fund will incubate various applications and services, so as to generate continuous economic value to achieve further development. In this process, the problems of bootstrapping, governance, and application development need to be solved.

Nutbox Walnut provides overall solutions based on its pain points, helping communities or DAOs start and develop through Staking Protocol, Community services & plug-ins, and Governance. Different types of participants can join the Nutbox Walnut ecosystem and get corresponding incentives.

L) Yes Walnut will have an NFT development module. Will Nutbox also have its own NFTs to open up this market?

NFT fuction will be aggregated in the Community Service Store as a DAPP service. Nutbox Walnut is more like a platform to allow the community creates its own NFT related to community members or ownership.

Nutbox could have our own NFTs but it's better just to provide the functionality to users. For example, a post that the users published could be an NFT and be swapped on Walnut NFT exchanges. Also, the community founder could create the community NFT as the member's badge to manage the community and reflect the membership. There are many scenarios to be discovered.

M) When is the launch of Walnut scheduled?

Walnut will be lauched on October 20 this year.

N) Finally, the launch of Walnut will see PNUT or NUT listed on sites such as Coín Market CAP and a future public on Exchanges such as Binance?

Not for the time being.

NUT will be issued later after the ecosystem development. But WNUT, the test coin of Walnut, will be issued synchronously.

Also, the WNUT and PNUT holders will get an airdrop of NUT, the official utility token of Walnut.

So we warmly welcome everyone to participate in the Walnut Network to obtain WNUT.

Many thanks to Sunny for joining us in this interview about Walnut. We hope this interview can clarify even more what is Walnut and all the advantages that come with it.