[Draft] Nutbox, Create DAO and Configure its Dapps in 3 Minutes [ Sook Jin GOH ]

Nutbox, Create DAO and Configure its Dapps in 3 Minutes

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a day ago

Main Page of Nutbox
Nutbox has launched on Steem/Hive network on 21st Feb 2022, marking the first stop in its long odyssey. So what exactly is Nutbox?
What is Nutbox
Nutbox is a DAO creation platform without the need of coding. It provides us with a series of open-box functions to assist us in creating DAO and directing the launch of DAO communities and users participation.
Nutbox wishes to become the center of communities in the World of Web3. We desire to create an interconnected ecological system of users, communities and protocols to realize the seamless participation of the crowd in Web3.

What Can Nutbox do?
As Vitalik pointed out in《BOOTSTRAPPING A DECENTRALIZED AUTONOMOUS CORPORATION: PART I》: DAO is constituted of a series of incorruptible contracts, these contracts can automatically allocate its assets and generate incomes, and all these does not require the top-down guidance of human.
With Nutbox’s protocols, DAO founders can create a series of smart contacts to allocate its community assets. Nutbox protocols can assist DAO founders in:
• 01 Create a DAO in 3 minutes
o Register community token and define its minting rules
• 02 Configure the DAO’s Dapps
o Deploy the ISO module of DAO, launching DAO’s financing
o Launch liquidity mining
o Create community staking protocol
• 03 Create community proposal system
How to Create a DAO
01 Create a DAO in 3 Minutes
1.1 Register Community Token
Open Walnut【https://walnut.nutbox.app/】, click「Create New Community」, fill in the community token’s name, token abbreviation, pre-mine amount, then click「Register Token」。

Building New Community

Register Community Token
1.2 Define the Minting Rules of Community Token
The minting rules of token are the core of DAO. Bitcoin is minted according to block halvings, DAO founders can define the minting rules of its community token according to the needs of DAO. Once the minting rules of community token has been defined, click「Approve」.

Defining the Minting Rules of Community Token
1.3 Fill in Community Information
Fill in the community name, website, and description, upload the community’s logo, token’s logo and community’s cover image, then click「Commit」.

Fill in Community Information
1.4 Configure DAO Fund
In the community configuration interface, click「Asset」, configure the fraction of minted community token to be allocated into the DAO fund account and replace the DAO fund account with a community-controlled multisignature account.

Configuring DAO Fund

02 Configure the DAO’s Dapps
Nutbox provides pluggable DApps for DAOs, so that DAOs are not hindered by DApp development.
2.1 Deploy the ISO Module of DAO and Launch the DAO’s Financing
ISO stands for Initial Staking Offering. Users delegate PoS Token to the community validators or validators supported by the community to receive community token while the community will receive the staking rewards. Currently, Nutbox supports the delegation of staking assets on STEEM/HIVE blockchains.
In the Configure – Pool interface, click「Add Pool」, select Steem Staking or Hive Staking, then configure according to the hints.

Launching ISO on Steem Blockchain
2.2 Deploy Liquidity Mining Protocol
Before deploying liquidity mining protocol, DAO founders have to create a trading pair for its community token in a decentralized exchange. Once the trading pair is created, go to the Configure – Pool interface, click「Add Pool」, select「BEP20 Staking」.

Launching Liquidity Mining
Fill in the LP Token contract to provide liquidity for the community token into the box and select. Fill in the name of the liquidity mining pool, define the fraction of community token to be allocated into that mining pool, click「OK」.

2.3 Create Community Staking Protocol
Community staking protocol supports the staking of any BEP20 assets to “mine” community tokens. The creation method is the same as the protocol of deploying liquidity mining, you only have to replace the LP Token address with other BEP20 token address.

Create Staking Protocol

03 Creating Community Proposal System
In the configure – Governance interface, fill in introduction for the community proposal system, the lowest amount of token held required to submit a proposal, the amount of token to pass a proposal voting, upload the cover image for the proposal system, then click「Update」and you’re done.

For detailed operational guide, please check out:
https://nutbox-io.gitbook.io

Follow us on Twitter to get the latest updates from Nutbox:
https://twitter.com/NutboxDAO

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Sook Jin GOH,
Nutbox Ambassador for Malaysia,
Director at Nanyang Global Scientific Research Centre