NUTBOX DECENTRALIZED PLATFORM (Web3. 0)
Brief Overview
Nutbox is a Web3.0 decentralized operating system. It's a platform for creating applications that can operate in a completely decentralized setting. It's a platform that allows developers to quickly design and deploy applications in a completely decentralized setting.
To support smart contracts, the platform uses blockchain technology. The platform's goal is to provide a decentralized alternative to the present centralized systems. Website
Nutbox Token [NUT]
Nutbox is a Web3.0 DAO Operating System. It's a blockchain-based platform for developing decentralized applications. The platform is IPFS-based and stores data using the InterPlanetary FileSystem (IPFS). Medium
The Nutbox platform's native token will be NUT. It will be a Web 3.0 DAO operating system. The Nutbox platform will be a decentralized app store where users will be able to build, store, and run decentralized apps. The ERC20 token “Nut” is based on the Ethereum network. The Nut token is used to pay for data storage, hosting, and content development, as well as to reward content creators and curators.
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ECONOMY OF NUTBOX STAKING
The user will obtain NUT POWER when they stake NUT on the blockchain (NP). One NUT can be quickly changed to NP. Holding NP grants the possessor the right to governance, content voting, and capital income. However, converting NP to NUT will take 28 days.
Nutbox works on the principle of "one NUT, one vote." Individuals with a higher NP account balance have more influence over the Nutbox network contribution judgment in this model. Members have a financial incentive to vote in such a way that their NUT's long-term value is maximize. Website
Rewards for Validators and Collators
To provide high-quality and large-scale services, Nutbox requires a set of validators (solo chain) or collators (parachain for Polkadot). The right to vote on who would be chosen as validator or collator belongs to NP holders. Validators and collators will split their earnings (10% of total NUTs) with their supporters in exchange. Twitter
Reward for Community & Services
The Nutbox eco-community and service developer are rewarded through the Community & Services incentive structure. An operator account is available for each DApp service. Youtube
DAO.Fund
DAO.fund is intended to encourage community members to participate in community construction projects, which are managed through the Nutbox proposal system. Contribution awards will be given only after the proposal has been approved.
NUTBOX GOVERNANCE
To balance the pro and con, Nutbox created a decentralized governance engine (DAO.fundation) and a representative governance engine (DAO.committee).
DAO.Fundation: The NP holders control DAO.Fundation, which is also Nutbox's final authority source. DAO.Fundation owns DAO.fund and can use NUTs in DAO.fund to pay for the different expenditures and expenses of Nutbox ecosystem advancement via the Nutbox Proposal System. Twitter
DAO.committee: Because DAO.Foudation is a decentralized government, its efficieny is often questioned. DAO.committe will be in charge of daily operations in order to better respond to the changing environment and support community contributors.
CONCLUSION
The Nutbox is a software platform based on the Ethereum network. The Nutbox makes it simple to create decentralized apps (DApps) and smart contracts. It's basically a Decentralized Operating System (DOS) that can be used to build any web3.0 application. Discord
PUBLISHERS DETAILS :
Bitcointalk Username : Ebewah
Bitcointalk profile link : https://bitcointalk.org/index.php?action=profile;u=2835164