Weekly Nutbox Report #5
Hello folks, another exciting week for cryptocurrencies has made the mark in the history.
Bitcoin has returned to 50,000 US dollars; other Altcoins are also in bull runs. Ethereum is approaching $4,000 again; Solana appreciates another 57.9% during the 7-day run.
In the social blockchain, HIVE once surpassed one dollar. Of course, she fell within a day, and now sit at the price range of 80-90 cents. Let's hope she can keep this energy and stay over $1.
It seems that the market has finally back to normal, and we are about to earn profit again; However, we know we must be careful not to get hotheaded and rush buying blindly. Fear of missing out (FOMO) is one of the worst thing we could do to lose our hard earnings.
$PNUT Pricing
The price of $PNUT, Nutboxes' first product, is also growing steadily; it seems that it has been creating new all-time highs (ATH) every week. Although the pace is not very fast, but very stable. Although the pace is not very fast, but steady. Even if there is a brief decline, it can be corrected immediately.
At the beginning of the week, the price of $PNUT was still affected by the downward trend from last week. It dropped to $0.0311, However, it rebounded on Wednesday, and ended the week by continuous moving upward.
Total Delegated Mining Power
In the past 7 days, the total delegated power has also increased continuously. It reached 8,648,788 in total with 495 delegators.
Considering It can not only be used to farm $PNUT token, but also can serve upvotes. It is definitely a good investment without losing any tokens to third party, smart contract or fees.
The only risk is the depreciation of $PNUT. However, as far as the current situation is concerned, the risk factor of this danger is fairly low.
With more projects going lives and products in open beta, I believe that Nutbox and its development team has earned many user' trusts. Users understand the determination and perseverance of the Nutbox team to truly striking to develop blockchain technology.
Our global ambassadors are in the same as other users. We also use Nutboxes' products personally, trust the team's credibility, and understand the team's future development goals. We decided to join the team solely because these reasons.
When users fully understand the concept and grant the reputation of the development team, the newly developed projects will become more attractive to existing users.
Now most of the projects are on multiple blockchains instead of the social blockchain ones we use. Existing users will also trust the new projects of the team and have confidence in investing more of their funds.
Kusama Parachin Slot Auction
Speaking of which, a new round of Kusama Parachain Slot Auction is about to begin. Nutbox successfully supported the last round via her Polkadot/Kusama Parachain Slot Auction Platform (https://polkadot.nutbox.io/). The team has added a new round of data from supporting projects and communities for the upcoming auction event.
The development team has learned from the experience during last auctions, and further optimized the performance of the platform; thereby optimizing the acquisition of voting data and improving the speed of page response.
Compared to using a centralized platform such as the KuCoin exchange, the auction platform of Nutbox directly connects to the Polkadot wallet, and there is no need to transfer your funds to a place without a private key.
If you are interested in investing some extra fund on the Polkadot/Kusama chains, please feel free to visit https://polkadot.nutbox.io/