PNUT on Base

Purpose and Utility

PNUT is a meme token launched on the Base network. Its primary stated purpose is to serve as a community-driven token celebrating the peanut theme, with no specific utility beyond trading and community participation.

Business Model

The token operates as a standard ERC-20 token on Base, with no complex mechanisms or inherent utilities. Trading is its primary function, and there are no lending, staking, or interest-bearing components.

Real-World Adoption

The token has gained traction primarily as a traded asset on Base, with most activity centered around decentralized exchanges. There are no additional utilities or partnerships reported.

Platform Development

The project appears to be community-driven with minimal technical development beyond the initial token deployment. There is no complex ecosystem or development roadmap.

Token Distribution

Initial token distribution appears to have been fair, with no pre-mine or team allocation reported. The token contract shows no signs of malicious code or restrictions on trading.