Article Summary, Automatically Generated By AI
Summary of Nutcoin (NUT)
Key Points
- NUT is a memecoin deployed on Ethereum with a fixed capped supply of 21 trillion tokens.
- No presale, no buy/sell taxes, and no contract owner.
- 100% of LP tokens have been burnt, and 100% of the token supply has been sent to the Uniswap Pool.
- Founders remain anonymous.
- NUT is unique due to the multiple meanings of the word “NUT”, making it ideal for building a community around MEMES.
- NUT is secured by the Proof-of-Stake (PoS) consensus mechanism on the Ethereum blockchain.
- NUT can be
About Nutcoin: Empowering a New Era of Decentralized Finance
Introducing Nutcoin (NUT): A Comprehensive Overview
NUT is a memecoin deployed on the Ethereum blockchain, boasting a fixed and capped supply. Conceived for entertainment purposes, this cryptocurrency aims to foster a vibrant community centered around the creation of NUTS memes.
The token has been launched with a unique approach, devoid of presale, buy/sell taxes, and contract ownership. Notably, 100% of the Liquidity Provider (LP) tokens have been permanently removed from circulation by being sent to the token contract, rendering them inaccessible. Furthermore, the entire 21 trillion token supply has been distributed to the Uniswap Pool, ensuring a fully community-driven initiative, unencumbered by any centralized team influence.
The Visionaries Behind Nutcoin: Meet the Founders
Currently, the founders of NUT remain incognito, a common phenomenon in the cryptocurrency realm. Despite the scarcity of information about the project’s team, they possess the potential to leverage prominent social media platforms, such as X and Telegram, to promote their memecoin and foster a thriving community around it.
Unveiling the Unparalleled NUT: A Truly Unique Entity
The uniqueness lies in the vast array of possibilities surrounding the utilization of the word “NUT”. It’s one of the few words that boast a multitude of humorous meanings, rendering it the ideal candidate to build a thriving community centered around MEMES, while converging several existing and well-established communities.
The Circulating Supply of Nutcoin (NUT): A Closer Look
In circulation, there exists a fixed token supply of 21 trillion (21,000,000,000,000), which is capped and will never exceed this amount. Notably, there is no mechanism in place for minting additional tokens, and anyone has the ability to permanently remove tokens from circulation by sending them to a null address.
Notably, the entire maximum supply has been allocated to the Uniswap liquidity pool, where LP tokens were subsequently burned, thereby ensuring that the initial liquidity provision can never be withdrawn. Meanwhile, users can monitor the NUT/WETH pair on CMC DexScan.
The Security Framework of NUT: A Robust Ecosystem
NUT is an ERC-20 token built on the Ethereum blockchain, which leverages the security of the Proof-of-Stake (PoS) consensus mechanism, a hallmark of ERC-20 tokens.
The smart contract has been generated utilizing the open-source contract libraries of OpenZeppelin, devoid of any additional features and access control mechanisms. Notably, there is no owner of the contract, nor will there ever be. NUT, in its most pristine and secure form, is simply an ERC-20 token in its purest manifestation.
Where to Acquire NUT: A Comprehensive Guide
NUT is currently listed on Uniswap (V2), with additional exchange listings forthcoming.
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