# 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

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.

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)

Elements related to PNUT TVL are as follows.

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

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

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

43,975 TSP(\$25,932)

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

0 TSTEEM(\$0)

4). The amount of PNUT-TRX LP pool

\$193,114

5). The amount of TSP-TRX LP pool

\$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

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

(9). nutbox.io

(10). Nutbox white paper

### Contacts

Kakaotalk: https://open.kakao.com/o/g0wdemYc
Wechat: cnsteem
Telegram: https://t.me/joinchat/PrBejBh_Grp6lFZEGArDpA
Discord: https://discord.gg/zPkMuGY
Steemit: https://blog.nutbox.io/@nutbox

### Voting for STEEM blockchain witnesses

If you think that @nutbox and @smt-wherein contribute STEEM blockchain, please, vote for STEEM blockchain witnesses.

https://steemitwallet.com/~witnesses

Sort Order:
·  2 months ago