My Understanding of Nutbox
Nutbox is a decentralized protocol that provides options to staking and mine PNUT tokens. Its a decentralized application that includes the DeFi module, community blogs, community governance, and so on. Nutbox is helping the community to establish its "Staking+DeFi"-based community token economy.
All these options can be accessed by visiting the URL- https://peanut.nutbox.io/
Nutbox provides the opportunity to mine PNUT tokens using SP delegation, TSP, and TSTEEM stake. Its the safest way to mine PNUt token there is no possibility of impermanent loss like we get with traditional defi and here with either relation or stake mining we can mine PNUT and stake is always with us. I have been part of its delegation mining since the last week of November 2020 and its has been offering significant APR since then. I have seen the project growing in the last 7 months. When I got to know about Nutbox at that time it had only approx 1 million SP and now it has almost 8 million SP that proves the value and growth of the project.
Its a great advantage such as mining by delegation, make Nutbox a way more profitable and attractive project than other projects that work under the traditional SP delegation system
If I talk about profitability on steem then @nutbox.mine offer almost double and I can prove this by example-
Currently, with SP delegation, we can earn up to 29.6% on @dlease and this % always stays around the mark of 30%.
Now let's have a look at what APR we get with Nutbox mine. This is the snapshot of my delegation to nutbox and I earn 54.2% currently and keeps on fluctuating but I have rarely seen it below 50% and I have even seen it above 100%. So if I look at the curet rates then I am earning almost double with nutbox of what steem traditional delegation system offers.
The use case of PNUT is quite vast and it will certainly get expanded in the future. Currently, we can-
- Convert PNUT to USDT using just swap
- Convert PNUT to TRX and many other TRC-20 tokens
- Get Upvote on Steemit Post where 1000 PNUT = 10% upvote
- Join PNUT-TRX LP pool and earn dual APR
Nutbox is one of the strong projects on the steem platform that offers DeFi opportunities and we can do the yield farming while keeping our steem stake safe and that too with the way high APR. There are many people who are not aware of this but sooner or later it will happen then we can see the delegation multiplied significantly.
Why I want to become a Nutbox ambassador
I am on steem for more than 3 years and in this tenure, I have never seen this kind of opportunity ever. I am a long-term believer in steem and I continue to grow my stake as I believe that it has a bright future and projects and dapps on steem are going to get huge popularity in coming years.
I am well aware of the steem ecosystem and I am quite active in the communities where I crate and engage with people. I like the concept and roadmap @nutbox.mine has and its impressive for sure.
I was mentioned by Nutbox Twitter handle with their Ambassador Program post and that's how I got to know about and I decided to apply for the same.
https://mobile.twitter.com/NutboxDefi/status/1420619992958001156
- I am an active steemian and I can be part of various nutbox initiatives to bring more awareness and also guide new members to understand Nutbox.
- I am active on Twitter as well so based on the available opportunities I can help nutbox to get more attention on social media which will help the project to get more investors/users.
- I will take part in online meetups and various activities wherever participation is required.
- I can welcome and guide new members to the platform and make them understand more about the nutbox ecosystem.
Nutbox is certainly one of the biggest projects for this year, but it should grow much stronger, expand into many other languages , and add as many members as possible. I will try to help in its integral development so that it can support ecological and social development for certain communities.
Future plans as an ambassador
I am from India and India is one of the biggest markets for technology and crypto-related projects. I am not sure if there is anyone from India who is part of Nutbox so I take this opportunity and I can help the project in various ways.
- When I joined steem 3 years back, that time here very few Indians were available but now this number has grown significantly so now I can talk to Indians and explain to them about the project so that they can be part of Nutbox.
- Not every Indian is good in English and many of them are good in Hindi so if language is a barrier for them then I can help them explain since I have a good command of English and Hindi Language.
- Although Nutbox is over 7 months old project it has come a long way however its growth path is too long. I expect that there would be more people coming over to know more about it and if people from India would be more comfortable to have a discussion with the person from the same country. It will also leave a good impression that the project has a global presence and taking the country on priority.
- India has got 1.2 billion USD of crypto market cap and its growing with each passing day. Its happening when there is no regulation but its highly anticipated that regulation will happen soon and at that time so many people will join the crypto space and I can make people understand so they consider and chose Nutbox.
- I am tech-savvy and always open to experience new things so can be part of some sort of testing that is ever needed in the future.
- I have good knowledge about crypto as well including Defi, Yield farming, staking, and am familiar with crypo use cases that I can utilize to add value to the nutbox ecosystem.
Support needed
I would certainly require support from the nutbox leadership team. I know about nutbox as a user and I am sure that would be a lot for me to learn as part of a team and it will help me enhance my understanding and knowledge about the project and team.
I am familiar with voice or video conferencing so I am ready to participate whenever required since its a way to take active participation and understand future plans better. I will utilize the given support to drive the growth forward and add value in the nutbox project.
I am open to work with the members (community managers, leadership team, translation team, community creators etc, ) to carry out this task, give all my knowledge and collaboration, as well as to enhance my knowledge and learning.
I am a happy and proud delegator of 6000SP for Nutbox stake mining. It is my pleasure to present my proposal for Nutbox ambassador.
My Contacts:
I am available on both the channels mention below and also active on Twitter so adding as well
Discord- alokkumar121#4070
Telegram- @alokkumar121
Twitter - @alok9811
Official post- Global Regional Ambassador Program
Thank you so much to the entire community in advance.