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Summary of Nutcash (NCASH)
Key Points
- NCASH is a staking memecoin on Arbitrum One with a fixed capped supply of 21 million coins.
- 50% of the supply is allocated for airdrop to eligible crypto communities.
- The token has no presale, no buy/sell taxes, and no contract owner.
- Founders remain anonymous, but have a strong social media presence.
- NCASH is deflationary due to halving every 4 years and burning mechanisms.
- 10,500,000 coins are locked in an airdrop smart contract, claimable by 2 million addresses until April 1, 2025.</li
About Nutcash: Empowering a New Era of Digital Wealth
Introducing Nutcash (NCASH): A Revolutionary Digital Asset
NCASH is a staking memecoin, strategically deployed on Arbitrum One, boasting a fixed and capped supply. Conceived for entertainment purposes, this cryptocurrency serves as a reward mechanism for Nutcoin Ecosystem crypto communities, incentivizing staking assets and granting seamless access to Nutcoin Ecosystem dApps, with a burning fee token.
The token has been launched without a presale, devoid of buy and sell taxes, and absent a contract owner. A substantial 50% of the total supply is reserved for eligible crypto communities, which can claim their allocation through an airdrop. Furthermore, Nutcash has been successfully bridged to the Ethereum network.
The Visionaries Behind Nutcash: Meet the Founders
Currently, the founders of NCASH remain anonymous, 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 staking memecoin to a sizable audience.
Unveiling the Uniqueness of NCASH
Nutcash is a pioneering token that converges DeFi staking and “NUT” memes, debuted on Arbitrum One. Its distinctiveness is further underscored by its tokenomics. Programmatically set to halve every four years, akin to Bitcoin, this mechanism is irrevocably embedded in the immutable smart contract. The token’s fixed, capped supply, coupled with recurrent halving events and NCASH burning mechanisms within the Nutcoin Ecosystem dApps, renders Nutcash a deflationary staking memecoin.
What Is the Circulating Supply of Nutcash (NCASH) Coins?
The maximum supply of coins is capped at 21 million (21,000,000), ensuring that this number will never be exceeded. Furthermore, the token is designed to be burnable, allowing it to be permanently removed from circulation by sending it to a null address.
A total of 10,500,000 coins have been securely locked within an airdrop smart contract, leveraging the Merkle Tree technology. This substantial allocation is earmarked for distribution to approximately 2 million addresses, with a claim period spanning one year, concluding on Tuesday, 1 April 2025, at 16:20:00 GMT.
On CMC DexScan, users have the ability to monitor the NCASH/WETH trading pair, which is available on both Arbitrum One and Ethereum platforms, thereby facilitating a comprehensive tracking experience.
Ensuring the Integrity of NCASH: A Robust Security Framework
NCASH is an ERC-20 token situated on the Ethereum blockchain, with an additional presence on Arbitrum One, a layer-2 scaling solution. Notably, Ethereum’s security is ensured by the Proof-of-Stake (PoS) consensus mechanism, a feature shared by other ERC-20 tokens. Furthermore, Arbitrum One leverages the security and compatibility of Ethereum, thereby enhancing its overall functionality.
The Arbitrum staking contract has been meticulously crafted utilizing the secure, open-source contract libraries of OpenZeppelin, with subtle modifications to incorporate staking functionalities. Notably, the contract’s security is further reinforced by the absence of an owner, both presently and perpetually.
Where to Acquire NCASH: A Comprehensive Guide
NCASH is currently listed on Uniswap (V2) and Uniswap (V3) across both Ethereum and Arbitrum networks, with additional exchange listings forthcoming.