Nutcash price

NCASH

#7082

NCASH is a staking memecoin deployed on Arbitrum One with a fixed capped supply. The cryptocurrency was created for entertainment purposes, for rewarding Nutcoin Ecosystem crypto communities by staking assets and for granting access to Nutcoin Ecosystem dApps (as a burning fee token).

The token has been launched with no presale, no buy/sell taxes, no contract owner. 50% of supply has to be claimed by crypto communities eligible to the airdrop. Nutcash has also been bridged to Ethereum.

Nutcash is one of the first token related to both DeFi staking and "NUT" memes, launched on Arbitrum One. Its uniqueness also lies in tokenomics. An halving every 4 years (like Bitcoin is programatically set and cannot be removed as the smart contract is immutable. Due to its fixed capped supply, recurrent halving events and NCASH burning mechanisms in Nutcoin Ecosystem dApps, Nutcash is a deflationary staking memecoin.

The max supply is 21 million (21,000,000) coins and there will never be more than that number. The token is also burnable by sending it to the null address.

10,500,000 coins has been locked in an airdrop smart contract using Merkle Tree. These coins are claimable by around 2 million addresses during a period of 1 year (until Tuesday 1 April 2025 16:20:00 GMT).

On CMC DexScan, users can track the NCASH/WETH pair launched on Arbitrum One and they can do the same for the pair NCASH/WETH launched on Ethereum.

NCASH is an ERC-20 token on the Ethereum blockchain and on Arbitrum One layer-2. Ethereum is secured by the Proof-of-Stake (PoS) consensus mechanism, like other ERC-20. Arbitrum One is an Ethereum layer-two (L2) scaling solution which benefits from the security and compatibility of Ethereum.

The Arbitrum staking contract has been generated using the secured open sources contract libraries of OpenZeppelin with some minor changes to add staking functions. The security also lies in the fact there is and will never be an owner of the staking contract.