Nutbox.io was launched on October 20, 2020 with the simultaneous release of its associated token PNUT.
The value of cryptocurrencies is backed by many factors, with decentralization being the common denominator. For Bitcoin, scarcity (this factor is getting less and less prominent as the blockchain industry develops) and popularity (fame, recognition) are the main properties backing its value and price.
For PNUT token, its value mainly derives from the following factors:
- SP delegated to @nutbox.mine
Total Liquidity = PNUT Price x n(PNUT in liquidity pool) x 2