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ThetanutsFinance Profile

Thetanuts Finance (NUTS)

Past
Total Raise: $35,200,000
Date: 28 Feb 2022 - 21 May 2024

Thetanuts Finance is a decentralized trading protocol that specializes in altcoin options and was designed to provide users with an opportunity to engage in both long and short positions via on-chain options.

From its seed and private funding rounds, the project has successfully raised $35M from reputable investors, including Polychain Capital, Hyperchain Capital, Magnus Capital, Three Arrows Capital, Deribit, QCP Capital, Jump Crypto and many others.

❗️ ❗️ âť— IMPORTANT:

Please note that all information, including our ratings and reviews, is presented purely for educational purposes. CoinLaunch isn't a financial advisor and doesn't intend for the information to be perceived as investment advice or recommendations. Our project evaluation methodology encompasses 89+ distinct variables/metrics, refined over time through the team's rich 7-year experience.

Thetanuts Finance Overview

Ticker: NUTS
Country: United States
Industry: DeFi
Founded: 2021
Whitelist: No
Blockchain Network: Ethereum
KYC: No
Bounty: Yes
MVP: Yes
Type: IEO
Security Audit: Yes

Thetanuts Finance Review

With the v3 upgrade, Thetanuts Finance is refocusing its development facilities on a decentralized blockchain options protocol focused on altcoins. Thetanuts FInance’s market-first v3 architecture leverages existing Basic Vault LP tokens to expand new use cases in blockchain options trading - through a lending marketplace and v3 Uniswap pools that are hosted on the v3 interface.

$XYZ-C (Call Vault LP Token) and $XYZ-P (Put Vault LP Token) represent these tokenized Basic Vault positions and are the basis of all trading strategies on Thetanuts Finance v3.

Thetanuts Finance sees a clear gap in the altcoin options space given what altcoins have to offer:

- High volatility: The volatility of altcoins is higher than that of major currencies, and users need a way to speculate or hedge the volatility of altcoins.

- Lack of means for generating revenue: Some altcoins do not have the ability to generate revenue (e.g., through block rewards), one way being option premiums.

Thetanuts Finance aims to fill this gap in the altcoin options space by leveraging the previous experience of leading the Option Vault protocol with the largest coverage of altcoin options.

The project is launching its native token $NUTS with a total supply of 10,000,000,000 tokens.

On May 13, 2024, Thetanuts Finance’s IEO round on Bybit was announced.

Considering the upcoming Thetanuts Finance’s Bybit IEO round and then TGE, CoinLaunch is here to inform on the project’s pros and cons to enable you to make an informed investment decision.

 

✅ Thetanuts Finance’s pros:

  • Low Initial Circulation Supply for such a project ($2.25M);
  • Relatively low Initial MC/FDV ratio (7.5%);
  • Low monthly token Average Inflation Rate (2.08%);
  • Great website UX/UI;
  • Has several public security audits from reputable companies;
  • Solid PR coverage;
  • Above-the average SMM performance;
  • Excellent Growth Marketing activity;
  • Top tier backers and partners.

📛 Thetanuts Finance’s cons:

  • Team is anonymous;
  • Poor Influencer Marketing performance;
  • No bug bounty program; 
  • Weak Marketing Infrastructure;
  • Below-the average Search Engine Optimization.

Thetanuts Finance Token Economy

Total Raise: $35,200,000
Total Supply: 10,000,000,000
Private/Pre-sale: 1,190,000,000 (11.9%)
Public Sale: 100,000,000 (1%)
Fully Diluted Valuation (FDV): $30,000,000
Initial Circulation Supply: $2,250,000 (7.5% of FDV)

Thetanuts Finance Token Sale (ICO & IDO) Rounds

Private: Apr 2023 Past

Price: N/A
Tokens for sale: N/A
Raise: $17,000,000
Lock-Up: N/A
Seed: Mar 2024 Past

Price: N/A
Tokens for sale: N/A
Raise: $18,000,000
Lock-Up: N/A
IEO: May 2024 Past

Price: $0.003
Tokens for sale: 66,660,000
Raise: $200,000
Lock-Up: 100% Unlock

Thetanuts Finance Token Release Schedule

Thetanuts Finance Token Schedule

Thetanuts Finance Funds and Backers
(3/16)

Submit
Polychain Capital logo
Polychain Capital
Score: Very High
23 numbers of
investment
Read More
GSR logo
GSR
Score:
17 numbers of
investment
Read More
15 numbers of
investment
Read More
View All

Thetanuts Finance Marketing Activity

Search Engine Optimization
Social Media & Community Management
PR & Traffic
Marketing Infrastructure
Influencer Marketing
Growth Marketing
Last Update:  16 May 2024 Upgrade

Thetanuts Finance News

Thetanuts Finance Roadmap

SEP 2021

Launch of Basic Vaults, enabling users to sell OTM European cash-settled options to accredited market makers;

APR 2022

Raised a $18mm Seed round — with participation from QCP Capital, Deribit, Paradigm, GSR, Wintermute, Jump, GoldenTree, Tribe Capital, and others;

JUN 2022

Launch of Thetanuts Finance Stronghold, an index product aggregating multiple Basic Vaults;

JAN 2023

Launch of other Vaults — including Long Vaults (Buy-side vaults), Degen Vaults (Exotic vaults), Wheel Vaults (European physically-settled vaults);

APR 2023

Raised $17mm Series A round, led by Polychain Capital;

NOV 2023

Launch of Thetanuts Finance v3 Incentivised Alpha;

Q1 2024

Launch of Thetanuts Finance v3 Mainnet.

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