(06/16) Nutbox Proposal after monitoring 3 defi on Steem chain in the last 1 month
1.Price of Pnut, The number of Pnut holder addresses, Market Cap. of Pnut
(1) Price of Pnut = 0.014750 USD
(2) Market Cap of Pnut = amount of circulation * price = 1,354,562.54 USD
(3) The number of Pnut addresses (Pnut holders) = 428
2.Comparison of SP locked in Steem Defi in the last 1 month
5/17
upvu : 17,863,876 SP
nutbox : 6,222,189 SP
tipu : 4,666,299 SP
5/27
upvu : 18,544,734 SP
nutbox : 6,371,867 SP
tipu : 4,975,124 SP
6/6
upvu : 19,446,134 SP
nutbox : 6,040,242 SP
tipu : 5,034,326 SP
6/16
upvu : 20,354,055 SP
nutbox : 5,857,759 SP
tipu : 5,588,728 SP
3.Data change(comparison)
- the SP delegation in Nutbox increased -6.2%p in one month
- the SP delegation in Upvu increased 13.9%p in one month
- the SP delegation in Tipu increased 19.7%p in one month
: The biggest other two De-fi in Steem-chain has been gaining more delegation recently, on the other hand, Nutbox have been losing SP delegation. There is a possibility that some of Nutbox delegatees has moved to another Defi in Steem-chain.
4.Proposal background
* We can get two reward by delegating mining.
(1) SBD, SP, TRX by nutbox.mine voting (% x totalSP )
(2) pnut token
* It is so clear that if the rewards which investors receive became more big, the more SP will come in to our project
Since the weight of Nutbox.mine voting is decided by real-time change Voting Power(%), investors and our team cannot control this. Also, total SP delegation getting more bigger, the individual weight of total SP delegation getting more less. In other words, it is trade-off relationship. Therefore, even if there are more SP delegation, it doesn't lead to more benefit to new investors regarding nutbox.mine's voting if delegatee keep their SP delegation amount that way.
Of course 'Airdrop for Upvu, Tipu holders' will be a good way to make them have a interest in our project. but if they get pnut for free they can also sell it on AMM market it maybe lead to decrease price of pnut. It should be handled very careful.
5. Proposal/Conclusion
So for now, only way to make more people come into our project is making more high ratio of pnut-trx price. And the main tool of this is 'Regular Repurchasing based on total SP delegation.' Because we can not predict who is going to sell pnut, who is going to buy pnut on this AMM market. Then it will lead to bring more people to come in our project for seeking more profit.
Dear Nutbox Team
@nutbox
@nutbox.dao
@sunnyz
@iguazi123
Nutbox junior Ambassador @timbae