Origin
In October 2020, Peanut DAO was launched in the innovative form of Initial Staking Offering. Within 2 months, it has become the second largest (staking asset) delegate platform and the largest DeFi platform on the Steem blockchain.
Initial Staking Offering
Anyone who owns STEEM POWER (the staked STEEM) can delegate it to Peanut and obtain PNUT (the governance token of Peanut DAO) by block. Peanut calls it Initial Staking Offering, or ISO for short.
Peanut DAO receives STEEM POWER Staking Reward, which can be checked here: https://steemd.com/@nutbox.mine
Buyback-and-burn
Peanut DAO will buyback PNUT on decentralized exchanges from time to time, and regularly destroy the PNUT it holds.
Peanut DAO allows PNUT to obtain its initial value through ISO and the buyback-and-burn of PNUT, and guides Peanut DAO to start.
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