NUTBOX

tochilia (28)in #nutbox • 2 years ago

CROWD STAKING PROTOCOL

The Nutbox protocol is a new protocol that aims to alleviate some of the stalling issues that platforms like Kickstarter and Indiegogo are having. Specifically, Nutbox would allow crowds of supporters to stake money in exchange for early access to products and for a cut of the profits, if successful. The basic concept is that a product's marketing team would, upon campaign launch, post a series of smart contracts representing the various tiers of rewards. Supporters could then purchase these smart contracts with the understanding that they would receive the specified rewards with a margin of any profits generated by the product.

Have you ever wanted to be an investor in cryptocurrency projects but didn't have the time or knowledge to do so? Have you ever wanted to get paid for your time and risk? Well with Nutbox you can do both, we will be looking at how Nutbox works, how it differs from other projects and how it can help you achieve all of your cryptocurrency related goals.
To make an impact a company has to be decentralized. A crowd staking protocol or a decentralized venture capital is a way of capitalizing a business. If you want to make an impact using a crowd staking protocol then you need to check out Nutbox. To make an impact a company has to be decentralized. A crowd staking protocol or a decentraliszed venture capital is a way of capitalizing a business. If you want to make an impact using a crowd staking protocol then you need to check out Nutbox.

A crowdsale is a one of the best ways to raise funds for a new blockchain and other decentralized applications. However, there are some issues with how a crowdsale is run. Most of them are around transparency issues, trust issues, lack of a clear and easy to use process and more. This is where Nutbox comes in. Nutbox is a crowdsale protocol that gives the investors and developers more control in the process.

Upon analysing the risks and benefits of the crowdsale model, it is a great way to raise money through cryptocurrencies. The problem is that the money raised during a crowdsale, doesn't really belong to the project but rather to investors. If a project doesn't deliver, investors can't really take back their money. But, if the project succeeds and the value of the underlying cryptocurrency increases, the investors benefit from this growth, but still don't own any part of the project.

We personally find the concept of crowdstaking quite interesting. Crowdstaking is a way for token holders to define project milestones, or outcomes that benefit from the input of the whole community, and then provide a way to signal their confidence in how a project is proceeding. In this way, token holders can delegate decision-making about the use of funds for the project.

Nutbox uses the principle of crowd staking to build an ecosystem where the participants are rewarded in cryptocurrency, they use a protocol described in the whitepaper.
When a crowd fund campaign reached its goal, it means it has already received its funds. On the other hand, when a crowd fund campaign did not reach its goal, it will not receive any funding. Therefore, the crowds have no way to enforce the project owners to deliver what they have promised in the campaign. Crowd Box is a protocol which aims to resolve this issue. With Nutbox, each crowd fund campaign will have a smart contract built into it. This smart contract will hold all the funds that were contributed by the crowd. Therefore, the owner of the project will not be able to withdraw or use the crowd funds until the crowd fund campaign reach its goal. In addition, contributors could withdraw their funds at any time. This is because, if the campaign failed to reach its goal, then contributors will not expect the owner of the project to deliver the project any more.

CONCLUSION

Crowd-staking, a decentralized capital raising and venture financing tool, is an alternative to traditional venture investing and more democratic than an Initial Public Offering (IPO). Instead of a venture capitalist providing funds for a start-up, crowd-staking is an investment model where anyone can contribute a small amount of money and get a stake in the project proportional to the amount contributed.[BR]Therefore, Nutbox is a new project that allows the users to make their own rules on a decentralized platform.