Nutcoin Origins: Everything You Need to Know (FAQ)

12 min readNov 29, 2024

*Sphere at the Venetian Resort getting NUTS*

Welcome to the ultimate guide to the Nutcoin ecosystem! Whether you’re a crypto veteran or just getting started, this FAQ will walk you through everything you need to know about Nutcoin. We’ll keep it simple, engaging, and, of course, NUTS! Don’t worry about technical jargon — helpful resources are always a click away. So, buckle up and let’s dive into the world of Nutcoin together!

1. Why this logo?

There are already millions of memecoins featuring animals or celebrities. Why not try something different?

What does the N symbol of the logo mean?

It’s the first letter of Nutcoin and is inspired by mathematical notation representing natural numbers. The symbol is reversed because, as the website says: “Everything’s nuts in this realityverse.”

Why does it look so basic and not refined?

~10min of paint.

Why the orange color for the N symbol?

In tribute of the mother of all current cryptocurrencies, invented by Satoshi bro and his cypherpunks best mates, that we called « Bitcoin ».

Why is the background black?

It represents the black neutral notable natural nebula nocturne nonchalant nothingness of space — from where Nutcoin came to life.

2. Why 21 trillions in market supply ?

The holy number 21 mirrors Bitcoin’s capped supply. Morever, at the time of Nutcoin’s launch, USD’s market cap was approximately 21 trillion (see fiatmarketcap.com).

Unlike USD (and many other fiat currencies), which can expand indefinitely, Nutcoin’s supply will never exceed 21 trillion, thanks to its capped smart contract. Watching how both valuations evolve over time will surely be NUTS!

3. Why are there price/mcap differences between platforms ?

Why do prices differ between CoinMarketCap (CMC) & CoinGecko?

***CMC price*** *on left vs* ***CoinGecko price*** *on right*

Each coin-ranking site uses its own formula for calculating token prices, typically averaging prices across all listed markets (also taking into account factors like trading volume, liquidity, etc). Some sites account for platforms with low liquidity/volume, while others don’t. This is the key difference.

Why are Ethereum and Solana prices different?

*DexTools Ethereum price* *at the top and* *DexTools Solana price* *at the bottom*

Liquidity is much deeper on Ethereum than Solana because the token was initially launched there. Therefore, volatility is higher on Solana, causing higher prices variation and resulting into price disparities.

Moreover, arbitrage bots can’t efficiently regulate prices across these chains due to Wormhole Bridge limitations, which can only handle 184 billion NUT. This creates a lag in price stabilization.

Which means, if there is higher demand on Solana, NUT price would be a little bit higher on Solana and would not come back quickly to the Ethereum price. But inversely, if demand on Solana is lower than Ethereum, then people/bots can bridge back their NUT tokens to Ethereum and so arbitrate the price & decrease the supply on Solana (Solana supply would become lower than 184B and the Ethereum > Solana bridge would be enabled again).

The NCASH token (max supply: 21 million) helps mitigate this issue by providing cross-chain liquidity. However, its effectiveness depends on market depth (e.g., NUT/NCASH, NCASH/SOL, NCASH/WETH pairs on Solana and Ethereum).

To conclude and by sparing you all the math, a deeper liquidity for all the markets would result in better prices stability between chains.

Why do Ethereum and Arbitrum prices differ?

*DexTools Ethereum price* *at the top and* *DexTools Arbitrum price* *at the bottom*

While Arbitrum’s bridge doesn’t have a 184 billion cap, its 7-day withdrawal delay hinders arbitrage efficiency. This delay can cause temporary price disparities between Ethereum and Arbitrum.

For example, if the price is higher on Arbitrum than Ethereum, it can instantaneously be arbitrated by bots/people (because Ethereum > Arbitrum bridge takes only 15min). But inversely, if price is higher on Ethereum, it will stay low on Arbitrum, because the bots/people are not sure to make a profit from this arbitrage. As they must hope that the price is still high in 7 days once their tokens go back to Ethereum.

The NCASH token also assists here, thanks to its faster both way bridging capabilities (15 minutes with Wormhole Bridge). However, its impact depends on liquidity in markets like NUT/NCASH or NCASH/WETH on Ethereum & Solana.

Why price differences between CEX & DEX?

Normally, the price should not differ significantly because CEX prices follow DEX prices due to greater on-chain liquidity. Arbitrage usually regulates both on-chain and off-chain worlds. However, if you see large differences, it often means that Market Making (MM) services are down on the CEX (likely due to liquidity shortages), causing prices to diverge, temporarily or otherwise.

Why mcap differences between chains / chart apps / Telegram (TG) buy bots / CMC / Coingecko ?

Marketcap (mcap) is calculated as:

mcap = price × circulating supply
Circulating supply = total supply — burned supply

CMC vs. Coingecko: The slight difference in mcap between these platforms is often due to outdated circulating supply data. You can calculate it yourself by identifying burn addresses (e.g., 0x88266f9eb705F5282a2507A9c418821a2AC9f8BD, 0x0000000000000000000000000000000000000000, or other irretrievable addresses).
Chart apps (e.g., DexTools, GeckoTerminal) or TG buy bots: These tools sometimes pull data from either CoinGecko, CoinMarketCap, or on-chain metrics (e.g., totalSupply for ERC20 contracts), leading to discrepancies.
Differences between chains: Mint and lock mechanisms across chains influence mcap calculations. For instance, if the supply is 21T NUT priced at $1 but only 184B NUT are bridged/mint to Solana, some apps may display Solana’s mcap as $184B (new on-chain mint) or $21T (global supply taken from other data sources). Further, if Solana’s NUT price rises to $2 (compared to $1 on Ethereum), Solana apps may show an mcap of $42T while Ethereum apps remain at $21T (assuming that both take into account the mcap supply from the same source at 21T).

Which one is correct? It depends on the metric you’re analyzing. The best practice is to verify on-chain supply data on platforms like Etherscan, Arbiscan and Solscan. Actually, one of the best metrics to watch out when buying/selling is the liquidity depth of the current market pool.

Where is it better to buy (sites, chains, DEX, CEX)?

NUT buy for Uniswap on left and Solana on right

It depends on your preferences:

The safest place to store your NUT is Ethereum, offering one of the highest level of decentralization and the deepest liquidity, ideal for large buys.
For smaller buys, CEX or Solana might be better due to lower fees.
Avoid Arbitrum if you’re a short term buyer, due to the 7-days withdrawal delay. It might be a better choice for long term buyers (especially if you want cheaper NUT and if you plan to stake your NUT once the staking platform launches).

For Arbitrum and Ethereum, you can use Uniswap; for Solana, use Raydium. Advanced users may benefit from more sophistacated apps/bots like CoWSwap, which protects against MEV bots (arbitrage/sandwichs attacks) and ensures « private » transactions.

4. Will there be any other available chains (like Base, BNB Chain, Polygon, etc)?

Currently, Nutcoin Ecosystem tokens are available on Ethereum, Arbitrum, and Solana, with plans to expand to Wencash and Nutchain.

While bridging to other chains is possible using tools like Wormhole Portal, creating markets on new chains requires setting up Liquidity Pools (LPs) with sufficient funds. Without deep liquidity, prices may become volatile, exposing users to MEV bots.

So even if it can be interesting to make the token available to new communities (from other chains) or benefit from lower fees (at different security levels), it could weaken the initial liquidity from Ethereum by spliting it, where bots take advantage of it.

For now, we recommend focusing on strengthening existing markets (by adding liquidity on current markets to make the whole ecosystem market much better and resilient to large/many buys/sells).

5. Why are there so many NUT on the “Nuts: NUTS token” Ethereum contract?

NUT token holder on Etherscan: « Nuts: NUTS Token »

The contract (0x88266f9eb705F5282a2507A9c418821a2AC9f8BD) locks NUT forever, issuing NUTS NFTs (1 NUTS = 1B NUT). The goal is to lock 10 trillion NUT, burning around half the supply — that’s NUTS!

These little cute squirrels NFTs can be used in any community-developed games and dApps, adding value to the ecosystem. All projects featuring Nutcoin tokens are promoted on official Nutcoin Ecosystem social media.

Find more details on nuts.family.

6. What purpose for the NUTS404/WETH and NUTS404/NUT pools on Ethereum?

Users can mint NUTS NFTs on the official site, which can be used in games or dApps like Nutgames. To trade these NFTs quickly (faster than OpenSea auctions), users can use the Nuts Wrapping dApp to convert them to ERC20 tokens (NUTS404) for trading on pools like NUTS404/WETH or NUTS404/NUT.

Normally the pool price of NUTS404/NUT would be regulate by arbitrage bots/people and always be around 1 NUTS404 = 1B NUT (because in the NUTS NFT smart contract, 1 NUTS always equals to 1B NUT and 1 NUTS always equals 1 NUTS404).

Keep in mind that wrapping NUTS into NUTS404 means losing the original unique squirrel NFT, as the reverse wrapping generates a new one.

7. Are you afraid to reach a very low circulating supply of NUTS due to locked liquidity of NUTS404/WETH and NUTS404/NUT for games/dApps ?

Not at all. While locked pools will gradually decrease circulating supply of NUTS404 (aka NUTS), this won’t reduce it to zero. Game developers can also use fractional NUTS404 tokens or create new NFTs linked to the ecosystem to ensure continued utility and synergies.

8. Why don’t you call yourself « team »?

Nutcoin is community-driven. Like Bitcoin or Ethereum projects: people come and go (community members initially launching & currently handling the project are not the same). The newbies become the veterans, the first contributors won’t necessarily be the last. And of course, everyone is always welcome back to the Nutcoin Community.

9. Do you plan to decentralize governance ?

Absolutely. The goal is to gradually hand over core technologies and social platforms (e.g., GitHub, websites, Telegram, Twitter, etc) once a strong foundation has been built. Feedback on governance strategies is always welcome!

10. What are the differences between dApps (e.g., GemPad, UNCX, Floki Lock, etc) and manual liquidity locks?

Liquidity lock icon on GeckoTerminal for NUT (Solana)

Manual locks: Free (network fees only) and unlimited time but require users to verify on-chain transaction hashes manually.
dApp locks (e.g., GemPad): Incur fees and often locking period but display lock icons (in bold) on tools like GeckoTerminal, reassuring users that liquidity is secure.

Here some additional info:

What is a locked liquidity?

Once you create a liquidity pool for your token (like: NUT/WETH), you will receive Liquidity Provider tokens (called LP tokens). These tokens represent a share of the pool and allow you to remove the liquidity at any time, as long as you have access to these tokens.
Locking these tokens will remove you the access. You won’t be able anymore to remove liquidity during the locking period (temporary or forever ; if forever, we can say that the liquidity is burnt).

What kind of method Nutcoin Ecosystem did use to lock liquidity?

- The initial launch of NUT/WETH, WEN/WETH and NUT/WEN have been done with manual burn of the liquidity. It means that 100% of the initial liquidity has been sent to a contract where no one can ever access to it. For NUT/WETH, the contract used to burn is the Nutcoin ERC20 contract which does not have any admin keys. And for WEN/WETH and NUT/WEN, the contract used is the Wencash ERC20 contract (with no admin keys as well).

- All the other markets of Nutcoin Ecosystem use the Gempad Lock dApp to lock liquidity.

11. What are the contract addresses of all Nutcoin Ecosystem tokens?

Go check our medium article talking about that : medium.com/@nutcoin/nutcoin-ecosystem-tokens-6488fd4ff6f0
There, you will also get all other details related to the tokens (how to swap them, bridge them, etc).

12. What if I want to know more about Nutcoin Ecosystem?

Go check the official websites (nutcoin.org and all links inside it : CMC, Coingecko, ecosystem components), github (github.com/NutcoinOrg & github.com/Wencash) and all medium articles available on medium.com/@nutcoin.

Morever, don’t hesitate to ask any questions on x.com/@NutcoinOrg, contact@nutcoin.org or t.me/Nutcoin_EN. We’ll try to answer as soon as we can.

13. What are all the markets of the ecosystem with locked liquidity?

There are many different markets within the Nutcoin Ecosystem, but here we focus only on those with locked liquidity (the safest ones).

In short, thousands of $ have been locked forever (or almost forever — thousands of years at least) which means FUNDS ARE (quite) SAFU.

Please contact us via our official social media channels (twitter, telegram) or email (contact@nutcoin.org) to update this list and include your locked liquidity (with +1000 years duration for safety purposes) related to new or existing markets. If the daily volume of this pair is quite high (no matter the chain located), we might also update the official website to refer to your new created market (using Nutcoin Ecosystem tokens).

The Nutcoin Ecosystem thrives on innovation, collaboration, and community spirit. By exploring and contributing to this growing space, you’re not just part of a project — you’re shaping its future. Have questions or ideas? Let’s hear them! Together, we can take Nutcoin to new heights. Stay connected and let’s keep building.

Don’t hesitate to ask any questions or share what you think about the article on x.com/@NutcoinOrg, contact@nutcoin.org or t.me/Nutcoin_EN