> For the complete documentation index, see [llms.txt](https://docs.basednut.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.basednut.com/based-nut/nut.md).

# NUT

The Liquidity Anchor of the Entire Ecosystem

## BASED NUT ($NUT)

### Overview

**BASED NUT ($NUT)** is the root asset of the BASED NUT ecosystem.

The **Network Utility Token ($NUT)** serves as the foundational layer in the BASED NUT ecosystem. 

It is designed to connect all other token layers and liquidity interactions within the ecosystem. 

$NUT is unique due to its extreme scarcity, with a total supply of **just one token**, making it highly exclusive and central to the functionality of the broader ecosystem.

Its defining feature is extreme simplicity:

> **There is only 1 NUT total supply!**

NUT acts as the common economic primitive around which the ecosystem's markets, liquidity, wrappers, tokens, and other experiments are built.

Because the total supply is one token, every amount of NUT is naturally a fraction of the whole.

```
1 NUT       = 100%
0.1 NUT     = 10%
0.01 NUT    = 1%
0.001 NUT   = 0.1%
```

<figure><img src="https://4187659982-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FH62tjYbt0cAoLdGIfAQj%2Fuploads%2FemA8wn4e7Kf6LRzxzgCm%2Fphoto_2024-03-16_15-11-44.jpg?alt=media&amp;token=924e2b9c-a84c-4fc0-b3a1-876320ed255e" alt="" width="160"><figcaption></figcaption></figure>

### Key Features

#### 🌰 One NUT

The total supply is exactly:

```
1 NUT
```

NUT is intentionally minimal. More complex functionality is built **around it rather than into it**.

> **Keep the root simple. Build outward.**

***

#### 🧾 No Token Tax

NUT itself does not apply a transfer tax.

Normal network gas, contract taxes and liquidity-pool trading fees may still apply when interacting with it.

***

#### 🥜 No Team Allocation

No portion of the original NUT supply was reserved as a team or developer allocation.

***

#### 🌳 Root of the Orchard

NUT connects otherwise separate markets through a common asset.

A market such as:

```
NUT / wETH-NUT / cbBTC-NUT / AERO-NUT / NUT
```

adds another economic relationship around the same root.

This growing network of NUT-connected liquidity is the **Orchard**.

***

#### 🦄 **The 0th-ETH Genesis** Uni V3 Launch

NUT did not begin with a token sale or a conventionally funded liquidity pool.

The original Uniswap V3 position began as:

> **100% NUT concentrated liquidity with 0 ETH.**

ETH entered only as people began trading against the single fixed NUT supply.

As NUT spread into wallets, contracts, SNUT, pNUT, and other liquidity pools, less of the fixed supply could remain immediately available for sale in any one market.

To create sell pressure, sellers need actual NUT to sell. If more NUT is held or embedded elsewhere, the **immediately sellable float can becomes smaller**, increasing the price impact of each unit sold.

This does not create a guaranteed floor—thin liquidity or disappearing demand can still send price sharply lower.

> **The unusual mechanic is sell-side scarcity around a supply that can never expand.**

***

<figure><img src="https://4187659982-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FH62tjYbt0cAoLdGIfAQj%2Fuploads%2FRJBBNrKdqKIN62vruoNJ%2Flogo.jpg?alt=media&amp;token=5540dab7-0437-4932-b03d-1108440e64b2" alt="" width="188"><figcaption><p>BASED NUT</p></figcaption></figure>

{% tabs %}
{% tab title="Technical Details" %}

## NUT Technical Details

| Technical Details |                                            |
| ----------------- | ------------------------------------------ |
| Token Name        | BASED NUT ($NUT)                           |
| Chain             | BASE                                       |
| Token Address     | 0xb8de15fb529d98c93c749de63c749d48d25a30df |
| Symbol            | $NUT (🌰)                                  |
| Total Supply      | 1 $NUT                                     |
| {% endtab %}      |                                            |

{% tab title="Liquidity" %}

## Liquidity Pools

### 🦄 **UniV3**

* [**wETH / NUT NFT**](https://basescan.org/address/0xe3Ce00E2Ed742B142C15eEdC208657dd22aa987e)&#x20;
  * **🌰 Original NFT:** Original UniV3 Liquidity made with 0 ETH

### 🎠UniV2

* [**wETH/NUT**](https://basescan.org/token/0x997bad8e9f5c34d5e9784caaa8a554a5e6192f53)
  * **🔥 NUT Oven:** This is also known as the pool from which SNUT distributes NUT&#x20;

### ✈️ **Aero vAMM**

* [**Volatile AMM - (AERO/NUT)** ](https://basescan.org/token/0x38630fede5e2032652640d98b2d3f9c6296eea5d)
  * **🚜 AERO:** Plan To Bribe
* [**Volatile AMM - SNUT/NUT (vAMM-SNUT...)**](https://basescan.org/token/0x893faaa7baf7a8247fc7142afb28e13d51a5aae8)&#x20;
  * :chipmunk: Special: SNUT generates NUT Rewards for LP Tokens increasing Liquidity
    {% endtab %}
    {% endtabs %}