What is Peanut (NUX) Crypto Coin? Tokenomics, Use Case, and Real-World Performance

Peanut (NUX) is an ERC-20 token built on the Ethereum blockchain, launched on December 22, 2020. It’s not a coin you mine or stake-it’s a utility token designed for one specific purpose: helping new crypto projects launch fairly on decentralized exchanges. But here’s the catch: while its technology sounds promising, its real-world performance tells a very different story.

What Peanut (NUX) Actually Does

Peanut isn’t meant to be a store of value or a speculative asset. It’s the fuel for Peanut Trade, a company that builds tools to stop bots from sniping new token launches. When a new crypto project goes live on a DEX like Uniswap or PancakeSwap, bots often buy up 90% of the supply within seconds-leaving regular users with nothing. Peanut Trade’s solution? They use mempool scanning to detect these bot trades before they’re confirmed and automatically buy liquidity to stabilize the launch. This is called Fair Launch protection.

They also offer a DEX Market Maker Platform that uses Miner Extractable Value (MEV) techniques to balance buy/sell pressure in real time. And for more advanced traders, they provide cross-exchange arbitrage tools that exploit price differences between platforms. All of these services require NUX tokens to access. If you’re launching a new token, you pay in NUX to use their anti-bot system. If you’re a trader, you might use NUX to pay for arbitrage signals.

Tokenomics: Fixed Supply, No Mining

Peanut has a hard cap of 50,000,000 NUX tokens. No more will ever be created. There’s no mining, no staking rewards, and no inflation. The entire supply was distributed at launch through an IEO (Initial Exchange Offering) on February 10, 2021, raising $1.46 million at $0.73 per token.

Today, the token trades around $0.003-down over 99.9% from its all-time high of $3.20. That’s not a typo. Its fully diluted valuation (FDV) is roughly $150,000, a tiny fraction of its initial $36.5 million FDV. The token’s market cap sits around #2296 on CoinGecko, meaning it’s one of the smallest projects in the entire crypto space.

Why the Price Crashed

The initial hype around Peanut was real. Investors bought in expecting the token to grow alongside the platform’s adoption. But here’s what went wrong:

• No clear usage metrics: Nobody knows how many projects actually use Peanut Trade’s services. There are no public dashboards, no client lists, no case studies.
• Liquidity is almost non-existent: The 24-hour trading volume hovers between $758 and $61,000. That means if you try to buy $100 worth of NUX, you might end up paying 30% more due to slippage.
• Development has stalled: GitHub is silent. Official Telegram has 127 members and fewer than 5 messages per week. No roadmap updates since 2022.

Investors who bought at $0.73 are down 99.5%. Even those who caught the short-lived peak at $3.20 lost 99.9% of their gains. The token didn’t fail because the tech was bad-it failed because the business didn’t grow.

Who Uses NUX Today?

The only people actively trading NUX are:

• High-frequency traders who exploit its extreme volatility. One Reddit user said, “I made $200 this week buying at $0.0023 and selling at $0.0027.”
• Speculators hoping for a pump from a fake “partnership” announcement.
• Project founders who still need to pay for Fair Launch protection-but there’s no proof they’re doing it in large numbers.

There’s no evidence of institutional adoption, no major DEX integrating it, and no enterprise clients named. If you’re a new project looking for bot protection, you’re better off with 0x (ZRX) or Bancor (BNT)-both have real traction, better liquidity, and transparent usage stats.

How to Buy or Add NUX to Your Wallet

You can buy NUX on a few small exchanges like LBank, DigiFinex, and BitMart. It’s not listed on Coinbase, Binance, or Kraken. To add it to MetaMask:

1. Open MetaMask and click “Add Token.”
2. Select “Custom Token.”
3. Enter the contract address: 0x89bd2e7e388fab44ae88bef4e1ad12b4f1e0911c
4. Click “Next,” then “Add Token.”

But be warned: transactions often fail because of low liquidity. Many users report “insufficient liquidity” errors when trying to swap NUX for ETH or USDT. The only safe way to trade it is with tiny amounts-$10 or less.

Is Peanut (NUX) a Scam?

It’s not a scam in the traditional sense. The team exists. The code is on Etherscan. The services are real. But it’s a classic case of a project that solved a real problem-then failed to scale it.

Experts at CoinMarketCap call it a “disconnect between platform usage and token value accrual.” CryptoSlate rates it “high risk.” Reddit users call it a “pump and dump.”

The token has no clear path to recovery. Without measurable adoption, increased trading volume, or a transparent roadmap, NUX will keep drifting lower. It’s not dead-but it’s not alive either. It’s in crypto purgatory.

Final Verdict: Niche Tool, Useless Asset

If you’re a developer launching a new token and you need bot protection, Peanut Trade might be worth a look. But even then, you’re better off checking out alternatives with proven results.

If you’re an investor? Avoid NUX. The risk of losing your money is near 100%. The token’s value isn’t tied to anything real anymore. It’s just a ghost of what it once was.

The lesson? A good idea doesn’t guarantee success. Execution, transparency, and adoption do.