Nutbox DAO providing pluggable social modules enabling the community to set up information
INTRODUCTION
The Nutbox, as a decentralized protocol, offers Staking Airdrop and a decentralized application toolkit, which includes DeFi, community blogging, and community governance, among other things. Nutbox also assisted the community in establishing a communal token economy based on "Staking +DeFi."
NUTBOX TOKEN
The Nutbox ecosystem feature a native coin called NUT, which is used to stimulate the development of multiple protocols and DAOs. NUT has a total value of 1,000,000,000.
When the Nutbox mainnet (Donut) is introduced, the entire NUT is divided into five categories.
NUT are distributed in two ways, according to Nutbox's resource demand:
- 45 percent of tokens will be distributed to institutions, the founder team, the slot-auction fund, and the committee fund. When specific prerequisites are met, they will be released.
2)A total of 55% of NUTs will be dispersed to the ecosystem, with each block being minted and distributed to a different pool.
NUTBOX DAO
The Nutbox DAO was created to fund the long-term development of Nutbox Blockchain, and it is funded by 10% NUT that flows into the DAO treasury. Nutbox DAOs are expandable, allowing users to install a number of composable and profitable services for not just supporting their communities, but also extending the value of the entire Web 3.0 ecosystem. This allows Nutbox DAOs to remain sustainable and grow alongside the Web 3.0 ecosystem.
Nutbox DAO also provides pluggable social modules enabling the community to set up information and economic systems, such as Proof of Brain, where a regular user can receive rewards for providing insightful or hilarious posts and comments to the community, similar to what we have published on Reddit or Medium.
Bootstrap based on staking
Staking has increased in popularity in recent years as a method to receive benefits while keeping control of your assets. Nutbox Protocol has a built-in staking economy module that helps DAOs distribute community tokens (i.e. cToken) to its stakeholders and contributors, based on the benefits of staking economy.
Staked tokens (such as DOT from Polkadot or STEEM Power from Steem) will be rewarded in the form of cToken to the Nutbox DAO account or selected target accounts.
THE BENEFITS OF THE STAKING MODEL
Stakeholders face less risk when using the staking economy strategy rather than transferring funds directly into the DAO. The delegators have the ability to revoke their stake at any time.
Simple to Bootstrap: As long as the DAO and community can produce value with their efforts, investors or community members can stake in the DAO, assisting the DAO in launching with financial rewards through the staking economy.
Nutbox DAOs may also be able to support a multi-chain staking mechanism, allowing stakeholders from several PoS networks to obtain the cToken.
NUTBOX ARCHITECTURE
The infrastructure of Nutbox is built on three pillars:
Multi-Chain Proof of Stake Networks (e.g. Polkadot, Steem, Hive) that allow anyone to create DAOs with high scalability, cheap cost, and excellent user experience.
Staking Economy, which enables DAOs to debut with a viable and long-term economic plan and minimal risk to stakeholders.
Social layer that enables decentralized social networks that pay content creators instead of major platforms for their labor.
On top of the underlying blockchain, economics, and social infrastructure, a powerful modern DAO ecosystem may be built.
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Publishers Details :
Forum Username: Onwuba
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=3405891
BEP-20 Wallet Address: 0xbc02632d2829a73CC79520b6E8054391A6958aa7