Description of NuNet
Hello Minswap Community,
NuNet is a decentralized cloud computing platform that allows anyone to sell the computing power of their device or utilize this power to run applications such as machine learning algorithms. Transactions to trade this computing power are carried out with NuNet’s utility token, NTX.
NuNet started on Ethereum as a spinoff of the SingularityNET AI project, and has bridged its token to Cardano, along with SingularityNET’s AGIX, using the recently released ERC20 Converter. NuNet is now ready to begin building liquidity for its token on Cardano so that it can be easily obtained to purchase computing power. We propose to provide yield farming for our token pair to incentivize users to provide additional liquidity.
For more information, see our article on How NuNet Will Help Cardano Stay Decentralized.
The audits for NTX can be found here. The Canonical LLC audit pertains to NTX, though it only mentions AGIX, as the two policies were audited together.
NTX has about 4000 holders across Ethereum, BNB Chain, and Cardano. Full tokenomics information for NTX, including vesting, can be found here.
Proposal Summary
NuNet will offer 1.25 million NTX spread over 6 months for yield farming.
You can learn more about NuNet through the following links: