## Regarding the Burning of PNUT, the Airdrop of NUT and the 1:1 Swap Channel Provided by the Peanut.committee

As shown in the article "Peanut v2 has been launched: Cross-link into BSC, Support the Polkadot ecology, and Open NUT airdrop", Peanut V2 is the most important upgrade since Peanut was launched.

After Peanut V2 starts to support the BSC network, it will not only initiate the「NUT Airdrop to PNUT Holders」, but will also bring in the assets and communities from Polkadot/Kusama/Hive Blockchains to further inject value into PNUT. The Staked Value of Polkadot is $24 Billion, which is 289 times that of Steem, and the total Staked Value of Polkadot/Kusama/Hive is 311 times that of Steem. Supporting Polkadot/Kusama/Hive Blockchains will expand the scale of Peanut by dozens of times.

Coming up next, Peanut will focus on bringing in more functions. As the Walnut network matures, it will continue to bring in applications or services such as NFT, Game, and Social, and become the first CommunityFi.

The Flow of Peanut's Migration to BSC Network

This is a long process which will be gradually completed in three phases.

Phase 1 Creating PNUT-WBNB Trading Pair Liquidity

• 2021-11-18 Burn 10 Million PNUT 「Completed」
• 2021-11-22 21:00 Launch Stake PNUT-WBNB LP mint PNUT
  • During this stage, 2 Million PNUT will be allocated to incentivize PNUT-WBNB LP holders on PancakeSwap

Phase 2 NUT Airdrop

• 2021-12-01 21:00 Launch Stake PNUT-WBNB LP mint NUT
• 2021-12-08 21:00 Launch Stake PNUT mint NUT
• 2021-12-10 to 2021-12-20 Snapshot on PNUT Holders
• 2021-12-20 21:00 Carry out airdrop to PNUT Holders

Phase 3 Launching Peanut on BSC Network

• 2021-12-28 Reward SP delegators to Peanut with PNUT（BEP20）tokens, and shut down the mining pool on Tron Network
• 2022 Peanut will support more networks and functions
  • Steem Bridge
  • Stake HP/DOT/KSM mint PNUT（BEP20）
  • Support applications such as NFT, Games, and Social

Peanut Cross-chain Swap

As it is complicated and costly to carry out the cross-chain transfer of PNUT through Nerve（for 7 transactions, mining fee will be roughly 2U）, and Peanut will still need to carry out token swap for PNUT later on. Therefore, after much discussion with the community, we have decided to adopt the following solution to carry out the cross-chain transfer of PNUT.

1、Peanut.mine「0x76c0DA0463D0bEc3EAEe2C434791345Fe7175162」will deploy PNUT asset on BSC network, PNUT（BEP20）contract address： 0xcCAbddB2a730E6aD40E510AEAAE8444F0Af61B3f

2、PNUT holders transfer PNUT TRC20 tokens to the PNUT Burning address： TLmaTUuGmYjxkRmX1qn28HFFAM7tguGvXb, and add their own BSC addresses in the transfer Note

3、Peanut.mine will transfer PNUT (BEP20) in 1：1 ratio to the BSC addresses entered by PNUT holders in the transfer Notes

Operational Guide as follow:

https://nutbox-io.gitbook.io/peanut/user-guide/pnut-cross-chain-from-tron-to-bsc

PNUT-related Contracts

PNUT Contract Address on BSC Network： 0x0d66ab1bb0d3e71211829c6d920ef933b8fe5122

Peanut.mine Contract Address（BSC Network）： 0x76c0DA0463D0bEc3EAEe2C434791345Fe7175162

PNUT Burning Contract Address（Tron Network）： TLmaTUuGmYjxkRmX1qn28HFFAM7tguGvXb