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What is PEANUT?
Peanut (Self-Custodial Offramp)
The first of these projects, Peanut, is an innovative self-custodial offramp, designed to streamline transitions between the crypto realm and traditional fiat currencies. By enabling users to convert a wide variety of tokens across over 20 Ethereum Virtual Machine (EVM) chains directly into US Dollars or Euros, this platform offers a straightforward solution to transferring funds. With Peanut, users can deposit these converted funds directly into their bank accounts, bypassing dependent steps on centralized exchanges that are often burdensome.
Peanut the Squirrel ($PNUT)
On a different note, Peanut the Squirrel, or $PNUT, is a meme coin launched on the Solana blockchain. This initiative is fuelled by the touching real-life story of Peanut, a pet squirrel who captured the hearts of many after its tragic confiscation and euthanization by local authorities. The $PNUT token serves not only as a digital currency but also as a platform for raising awareness and promoting support for animal welfare initiatives. It fosters a strong sense of community, engaging enthusiasts who resonate with its mission.
For details, please read: What is Peanut?
