Analyzing the proper PNUT price and change the circulation by burning PNUT

in nutbox •  2 months ago 

Since 40,000,002 PNUT were burned, the PNUT circulation has been changed.

Related post 1: 5M PNUT have been burnt by Peanut.mine | Peanut.mine销毁500万PNUT
Related post 2: Additional 20m PNUT have been burnt
Related post 3: Nutbox burnt an additional 15 million Pnuts on October 1


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According to TRONSCAN, the PNUT circulation is 128,741,133 today(17th Oct, 2021). However, burned 40,000,002 PNUT should be excluded in the circulation. Therefore, the circulation is 88,741,131 PNUT.


Additionally, There is some PNUT needed to be excluded in the circulation.

2.PNG

5,837,764 PNUT of a SC(Smart Contract) address which is the 3rd holder and starts with TYY, should be excluded in the circulation. The address was discarded due to frequent errors.

Related post 4: Analysis of PNUT circulation and holder rank

Thus, the recent PNUT circulation is 82,903,367 PNUT.


The proper PNUT price is related to the TVL(Total Value Locked)

Related post 5: How to evaluate the proper price of TRC-20 PNUT of De-Fi token

Elements related to PNUT TVL are as follows.

1). The amount of SP(STEEM POWER) delegation to @nutbox.mine

22.PNG

6,747,361 SP($3,978,918)

2). The amount of staked TSP(Tradable STEEM POWER)

23132.PNG

43,975 TSP($25,932)

3). The amount of staked TSTEEM(Tradable STEEM)

123123.PNG

0 TSTEEM($0)

4). The amount of PNUT-TRX LP pool

ddd.PNG

$193,114

5). The amount of TSP-TRX LP pool

21sdds.PNG

$2,415


Thus, PNUT TVL is as follow.

3,978,918+25,932+0+193,114+2,415
=$4,200,379


Proper price of a De-Fi token=The total amount of pool×0.2~0.4(Experience figure referred by ETH De-Fi tokens and TRX De-Fi tokens)÷Circulation of a De-Fi token

So,

Proper price of a De-Fi token=$4,200,379×0.2~0.4÷82,903,367 PNUT=$0.0101~0.0202

image.png

Actual price of PNUT=$0.0235

You can check whether the PNUT price is near the range of the proper PNUT value.


Now, it can be concluded that Increasing PNUT TVL makes PNUT price go up.

Elements related to PNUT TVL are as follows.

1). STEEM price
2). The number of SP delegation
3). TRX price
4). The amount of PNUT-TRX LP pool, TSP-TRX LP pool

If Peanut(Nutbox V1) has lots of pool through continuous development and expansion afterwards, and STEEM&TRX price is recovered since the crypto market is recovered, isn't PNUT now just 1st step?


Related posts

(1). How to mine PNUT using STEEM POWER(SP) delegation (APY: 111.3%)

(2). Analysis of the number of PNUT supply and circulation by period

(3). How to evaluate the proper price of TRC-20 PNUT of De-Fi token

(4). Burning TRC-20 PNUT by paying for upvoting posts

(5). Which utility will TSP(Tron based STEEM POWER) have on JustLend?

(6). Which utility will TRC-20 PNUT have after STEEM blockchain expanding lots of blockchain via Polkadot blockchain?

(7). Will PNUT can be listed on global leading exchanges like Huobi, Binance, Upbit and Bithumb?

(8). How to search tokens(example: PNUT) except default tokens such as TRX, WINK, etc on JustSwap.

(9). nutbox.io

(10). Nutbox white paper


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