Explanation About PNUT Token and How to Earn

in Steem Alliancelast year

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Hello Steem Alliance friends, may God always bless us all! So happy to be back to share posts in this community we love.

In this post I want to share education about the Peanut token (PNUT), for old users and Nutbox project activists, you may already be familiar with this token. The token has also been recognized by users and activists of the wormhole3 project.

Maybe many users on Steem are still curious about the PNUT token and even new users don't know anything about the wormhole3 project. I would be very happy to introduce to you about PNUT token and how you can generate PNUT in an easy way through a platform that runs on the Steem blockchain ecosystem.

However, maybe not many users on Steem know or know about the Peanut token (PNUT). So, in this post I will provide a brief explanation through educational posts about PNUT tokens.

What is PNUT?

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Peanut (PNUT) is the main token that provides utilities to users within the wormhole3 platform. PNUT is developed by the Nutbox project, a web3 DAO Infrastructure project that allows us to easily build a strong blockchain-based organization.

Nutbox also runs a cross-chain utility that enables the staking network system to run through the nutbox app they developed at the top of the Steem blockchain. Nutbox offers both ISO (Initial Bet Offer) and Farming based products.

Through the ISO service, users can generate PNUT tokens by delegating Steem Power to the main account of the nutbox.mine project running on Steem. Apart from that, users can also stake PNUT in Farming offers.

Miners "lock in" the resources used to generate network power and the hardware necessary to award online rewards in a PoW consensus procedure. Initial chain PoS assets (Token Staking) must also be locked by chain PoS authenticators to earn rewards and keep the network secure, that's one way of working the system built by Nutbox.

Until now, PNUT was the main token reward given out in wormhole3 to those who share content or curate in the Peanut community on the wormhole3 platform. PNUT is a token based on the ecosystem of the BEP-20 protocol.

The following is a description of the PNUT token.

  • Token Type : BEP-20
  • Contract : 0x705931A83C9b22fB29985f28Aee3337Aa10EFE11
  • Total Supply : 111,123,522.775513 PNUT
  • Holders : 758 addresses
  • Transfers : 21,302

Please see details via BSC Scan :

Earn PNUT

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Steem users can generate or earn PNUT tokens through the Womhole3 platform. Wormhole3 is a dapp running on the Steem blockchain that runs decentralized curation projects and provides utilities to enhance users, community or content through promotions.

Steem users who want to join wormhole3 can sing up via https://steem.wormhole3.io/#/signup. By confirming your username and posting key steem, then connecting your Twitter account, you can already use the wormhole platform and receive the benefits behind it.

To generate PNUT tokens, you must share content with the Peanut community on the wormhole3 platform.

When you get curation from users with the highest tweet ratings, you will earn PNUT rewards for your content. You can also participate in giving curation such as liking the content of other users in the Peanut community to generate curated rewards in the form of PNUT tokens.

Peanut community Pool rewards details:

  • working groups: 0.14%
  • PNUT Stake: 7.74%
  • Creativity: 1.57%
  • accuracy: 0.37%
  • Delegate to Peanut: 79.34%
  • senior ambassadors: 1.09%
  • Junior ambassadors: 0.07%
  • PNUT-WBNB LP: 9.68%

Currently, content or posts that have been published to the Peanut community are 10,636 posts with pending rewards of 5,348.78 PNUT.

Wormhole3 is a decentralized and composable social curation protocol that allows anyone to create a social network and curate their communities, projects and content, making them popular and influential.

Join us in advancing the Wormhole3 ecosystem and supporting progress for the Steem ecosystem network!


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Thus my post hopefully can help provide guidance and education to carry out functions in Wormhole3. Thank you for reading and responding to my post, have a nice day ♥️☺️


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Best regard,

@ponpase

Thanks to @stephenkendal @hungry-griffin @visionaer3003 @wormhole3

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