Tokenomics

$SALT is the native currency that fuels the whole Peanut ecosystem. It'll underpin many of the tools and experiences we are building, enabling our holders to get access to exclusive drops and events.

Token Distribution

There is a fixed supply of 44M $SALT, split into three categories with 60% allocated to Gen 1 holders by staking the NFTs, 30% allocated to fund future development of succeeding drops, and 10% of the total supply allocated to the Governance DAO Treasury.

Mining $SALT

Every Genesis 1 holder has to first stake their Peanuts/Passes to mine a maximum of 16 $SALT/day for a period of one salt season.

$SALT SEASONS

The total $SALT supply will be divided across 4 salt seasons. There will be a decrease of -4 $SALT per season until holders only get to mine a maximum of 4$SALT/day in the last quarter.

Twitter PFP Mechanics

Changing your Twitter profile picture to a Presidential Peanut will earn you 2 $SALT/day and if you keep your Peanut PFP for 30 days straight, you will earn a Pink Salt Serum (see more info under “Mutation”).

Breeding

By spending 960 $SALT, holders can procreate a seed and mint a new class of NFT by breeding 2 Presidential Peanut NFTs. Such seed needs to be staked for 20 days to reveal a Baby Peanut, which are cheeky versions of the Genesis Peanuts that can be customized further using $SALT tokens.

OPTIONAL: Pay $720 $SALT and only stake for 7 days.

Mutation

Once you change and keep your Twitter PFP to a Presidential Peanut for 30 days straight, you will receive a role in discord after the 30-day mark. This role will be used to claim the Pink Salt Serum (valued at 480 $SALT), which will be used to mutate your Presidential Peanut NFT.

Salt Picks

Salt Picks let holders add one non-stackable multiplier to $SALT per wallet. By purchasing a Pickaxe for 5,760 $SALT, you can add a 1.5x multiplier to the Peanuts/Passes within 1 wallet.

Marketplace Transactions

Every transaction in the Peanut ecosystem will include a 4% fee (in $SALT).

UTILITY

$SALT, as the key currency of the Peanut ecosystem, has a variety of applications, including Evolution, Breeding, Nutdrops, Peanut Trait Marketplace, and much more. As we keep on exploring other ways to increase the value of $SALT and its uses, in the meantime, you can use $SALT to:

• level up your Peanut and increase your earning power

• mutate your Peanut and breed with Gen 2

• buy a pickaxe

• buy raffle tickets