اقتصاد توکنی Peanut the Squirrel (PNUT)

Peanut the Squirrel (PNUT) is a meme coin primarily operating on the Solana blockchain, though a version also exists on the Ethereum blockchain. The token's value is fundamentally derived from its meme appeal, community strength, and the viral story of the squirrel it is named after.

The tokenomics of PNUT, particularly the Solana version, are characteristic of a community-driven meme coin, focusing on high circulating supply and minimal transaction taxes.

Issuance Mechanism and Supply

The PNUT token on Solana has a large circulating supply, reported to be approximately 1 billion PNUT.

• Solana Version (PNUT): The circulating supply is stated as 999.85 million or 1 billion PNUT, depending on the source.
• Ethereum Version (PNUT): A separate version of PNUT exists on the Ethereum blockchain with a significantly smaller total supply of 10 million tokens.

The initial generation mechanism for the Solana version is linked to the Pump.fun platform, which allows users to launch tokens using a bonding curve mechanism. This mechanism automatically raises prices as demand increases. Once a token reaches a certain market capitalization threshold (historically $69,000), it automatically migrates to a decentralized exchange like Raydium on Solana.

Allocation Mechanism

Specific, detailed token allocation breakdowns (e.g., percentages for team, treasury, public sale, etc.) for the Solana-based PNUT token were not explicitly provided. However, the token's launch via a bonding curve mechanism on Pump.fun suggests a focus on fair launch distribution driven by early market participation and demand.

The token's decentralized ownership model and community-driven initiatives are highlighted as key factors contributing to its rapid rise in popularity.

Usage and Incentive Mechanism

As a meme coin, the primary utility of PNUT is derived from its community engagement and cultural relevance. However, the ecosystem has introduced additional utility and incentive mechanisms:

• Community and Cultural Symbolism: PNUT serves as a symbol honoring the legacy of Peanut the Squirrel, sparking outrage and a demand for reform related to wildlife policies. This narrative, amplified by high-profile figures like Elon Musk, drives community interest and trading volume.
• Gamified Ecosystem (Squirrelverse): The project has expanded to include a gamified platform called Squirrelverse. Users can earn PNUT by participating in mini-games and completing community challenges.
• NFT Integration: The ecosystem includes an NFT marketplace where players can trade limited-edition "Peanut Packs" and squirrel-themed NFTs, creating additional utility and boosting engagement.
• Decentralized Exchange (NuttyDEX): The team launched NuttyDEX, an omnichain perpetual decentralized exchange (DEX) powered by Orderly. This platform uses PNUT in its revenue distribution model.

NuttyDEX Revenue Distribution

Revenue generated through the NuttyDEX platform is distributed as follows:

Locking Mechanism and Unlocking Time

For the Solana-based PNUT token, detailed information regarding specific locking mechanisms, vesting schedules for team or private investors, or future unlocking dates was not available.

However, the Ethereum version of PNUT explicitly states a 0% tax on transactions.

While specific future unlock events for PNUT were not found, it is generally noted that token unlocks can introduce a ripple effect in the market, potentially creating downward pressure on prices due to increased available supply. Investors are advised to monitor these releases to assess whether new demand can offset the increased supply.

The token's high volatility and rapid price changes, including a surge to an all-time high of around $2.47 followed by a significant decline, underscore the speculative nature inherent in meme coin tokenomics.