Article Summary, Automatically Generated By AI
About Nucleon
Key Points
- Nucleon is a liquid staking solution for Conflux PoS.
- It solves problems of illiquidity, immovability, and accessibility in Conflux PoS staking.
- Nucleon has a two-token model: xCFX (interest-bearing ERC20 token) and NUT (governance token).
- xCFX represents staked CFX and accrues interest over time.
- NUT is used for voting and boosting staking interest rewards.
- Nucleon tools include staking/unstaking CFX, creating LP tokens, and staking xCFX/CFX LP tokens.
- Total NUT supply
About Nucleon Exchange
Nucleon: A Comprehensive Overview
Nucleon presents a cutting-edge liquid staking solution, specifically designed for Conflux’s Proof of Stake (PoS) network, and backed by the industry’s foremost staking providers. This innovative platform empowers users to stake their CFX tokens without the need to lock assets or maintain complex infrastructure.
Our objective is to address the inherent issues plaguing Conflux PoS staking, namely illiquidity, immobility, and inaccessibility, thereby rendering staked CFX liquid and facilitating participation with any amount of CFX to bolster the security of the Conflux network.
Nucleon operates on a dual-token paradigm, comprising xCFX and NUT, which form the backbone of its ecosystem.
-
xCFX is an interest-bearing ERC20 token, representing CFX stakes in Nucleon’s proof-of-stake (PoS) pool, with accrued interest in CFX over time. This singular token type boasts an uncapped supply, determined algorithmically, and is tradeable.
-
NUT, Nucleon’s governance token, enables staking for voting and boosting staking interest rewards. The project team defines NUT token allocations, and the capped supply will be tradeable on secondary markets.
xCFX is an interest-bearing ERC20 token, representing CFX stakes in Nucleon’s PoS pool, with accrued interest in CFX over time. This singular token type boasts an uncapped supply, determined algorithmically, and is fully tradeable.
NUT, Nucleon’s governance token, empowers holders to participate in voting and amplifies staking interest rewards through staking. The project team determines the allocation of NUT tokens, which will be freely tradeable on secondary markets. Notably, the token supply is capped, ensuring scarcity and facilitating exchange on open markets.
Nucleon’s comprehensive toolkit encompasses:
-
Seamlessly stake and unstake CFX tokens with ease.
-
Through Swappi, users can generate LP tokens, which can subsequently be staked on Nucleon to earn NUT tokens.
-
Effortlessly stake and unstake xCFX/CFX LP tokens.
-
Stake NUT/CFX LP tokens to unlock additional NUT rewards.
Stake and Unstake Conflux (CFX)
Through Swappi, users have the ability to generate LP tokens, which can subsequently be staked on Nucleon in exchange for NUT tokens.
Stake and unstake xCFX/CFX liquidity provider tokens with ease.
Participate in our LP token staking program to earn supplementary NUT rewards.
The Circulating Supply of NUT Coins: A Closer Look
Nucleon successfully launched its mainnet on January 31, 2023, boasting a total supply of 300,000 tokens, slated for gradual release over a four-year period. The allocation of these tokens is as follows: 10% reserved for the team, 10% dedicated to marketing efforts, 20% allocated to the treasury, and a substantial 60% earmarked for liquidity provision (LP).
The Visionary Founders Behind Nucleon Protocol
Nucleon was nurtured by the Conflux Foundation and brought to life by a team of ardent Star Trek enthusiasts.
Acquiring Nucleon (NUT): A Comprehensive Guide to Purchasing Options
NUT is now accessible for trading on
Swappi
, the premier decentralized exchange (DEX) on Conflux.
New to the world of cryptocurrency? CoinMarketCap presents a straightforward guide to purchasing Bitcoin or any other digital token, making it easy for beginners to get started.