NutsPrice

(NUTS)

There are at least four distinct projects. NUTS Finance aims to simplify financial instrument issuance on blockchain. Thetanuts Finance is an on-chain options protocol, with $NUTS as its governance token. Squirrel Wallet/Finance offers $NUTS as a utility token for its TON ecosystem, enabling staking, rewards, and governance. Lastly, there's a 'NUTS' memecoin launched by Cretins Munks Crew. This diversity highlights that 'NUTS' is not a single, unified project.

The utility of $NUTS tokens varies significantly. For NUTS Finance, it's an ERC20 utility token primarily used for direct staking to access their modular technology framework. Thetanuts Finance utilizes $NUTS as a governance token, enabling decentralization, community decision-making, and incentives within its options protocol. Squirrel Finance's $NUTS token powers its ecosystem by rewarding users, facilitating transactions, allowing for staking, driving community engagement through referrals, and granting governance/voting rights. The memecoin typically focuses on community building and speculative interest.

Distribution methods differ across projects. NUTS Finance employs a serial token mining approach, allocating 90% of the supply to miners and 10% to its foundation for development. Thetanuts Finance's $NUTS has a maximum supply of 10 billion, with an initial circulating supply and community distribution often through airdrops. Squirrel Finance's $NUTS has a total supply of 1 billion, allocated among investors, team/advisors, community/rewards, and a reserve/treasury, often involving airdrops for early users within the TON ecosystem.

The underlying blockchain technology varies for these projects. NUTS Finance, using an ERC20 utility token, primarily operates on Ethereum or compatible EVM chains. Thetanuts Finance supports a wide array of networks, including Ethereum, BNB Chain, Polygon, Avalanche, Cronos, Arbitrum, Filecoin, and Polygon ZkEVM, providing broad accessibility and multi-chain functionality. Squirrel Finance is deeply integrated with the TON ecosystem, requiring TON-compatible wallets. The memecoin specifically launched on Cronos, indicating its primary operational network. This diversity allows each project to leverage specific network advantages.

NUTS Finance aims to resolve the complexity and centralization prevalent in issuing financial instruments by leveraging blockchain technology. The project envisions empowering individuals to actively participate and compete with traditional institutions in the open finance landscape. Their platform focuses on modularizing technology solutions, making it simpler and more efficient to create and manage complex financial products. By offering a stateful and open-source framework, NUTS Finance reduces barriers for crypto Financial Service Providers, fostering innovation and accessibility within decentralized finance.

Thetanuts Finance distinguishes itself as a decentralized on-chain options protocol, specifically focusing on altcoin options. Its v3 upgrade emphasizes enhancing capital efficiency by utilizing existing Basic Vault LP Tokens for new use cases. The platform aims to provide users with multiple sources of potential yield, including earnings from option premiums, lending interest, trading fees, and token incentives. By supporting a broad range of blockchain networks, Thetanuts Finance offers extensive accessibility and flexibility for users seeking to engage with decentralized options and diversify their potential returns.