Weekly Nutbox Report #3

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Hello folks, after PolyNetwork, Liquid Exchange was also hacked in the past seven days.

However, after the news of stolen crypto from both DeFi and of centralized exchanges for two consecutive weeks, the crypto currency market has not been affected by much network security.

At one point, Bitcoin exceeded 50k; also an altcoin, Solana rose by 75% in seven days. It does not seem to have any negative feeling toward hacking incidents whatsoever; Maybe most people feel that there weren't their cryptos that is hacked? So no problemo.

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The Nutboxes' $PNUT token has fell first and then gained back during last week; it returned to the initial value at the last minute at the end of the weekend. Sometimes I wonder, since $TRX has not been moving upward or down often; if $PNUT can also maintain stability in this way, then PNUT-TRX LP can be treated as a stable coin; then this 46% APY is much better than any stable coins such as USDT, USDC, etc., which are less than 10% APY.

Just kidding. We are striving to make the value of $PNUT to going up.

The Nutbox development team has planned to initial the public testing of the Walnut Network, which is currently in closed beta currently. When it is launched, everyone can build their own community LP pool. At that time, everyone can break away from the somebody else's smart contracts and open their own crypto business.

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After the steady increase in the number of total delegation during the first half of the week, it dropped slightly at the end of the weekend. As mentioned in the previous few weeks, if the prices of all coins/tokens increase, there will always be crypto holders, who choose to cash out.

But don't worry, based on the experiences of the past few months, we know that it will be back by the end of the next week.

The Public Testnet of Nutboxes' Walnut network will be launched officially this week. If you are interested, you can go to our Telegram channel to learn more in detail.

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