GOING $PNUTZ: GeezOnApe’s Ecosystem Token $PNutz Launches On ApeChain Tomorrow At 12 P.M. EST!
- Kyle
- Aug 20
- 2 min read
Start spreading the news!
ApeChain will be going nuts tomorrow as the GeezOnApe’s ecosystem token $PNutz goes live, inviting everyone from the Geez community to the peanut gallery to ape into a new kind of token backed by Geez NFTs.
There’s going to be a lot to Geez about this Thursday as $Pnutz officially launches on ApeChain at 12 P.M. EST.
$PNutz is the Ticker,” the Geeez tweeted this afternoon. “Launching on ApeExpress and Camelot tomorrow at 4:00 PM (UTC)"
As the Bored Ape Gazette previously reported, $PNutz will power everything from games and gambling to metaverse activations and DeFi initiatives within the GeezOnApe ecosystem, according to the team.
Unlike most collection tokens, $PNutz is fully backed by GeezOnApe NFTs. There will be a total supply of 5,500,000 tokens, and each Geez NFT will be worth 1,000 $PNutz, and vice versa.
At launch, community members will be able to swap between $PNutz and GeezOnApe NFTs via a platform called Geez Bank.
“Geez Bank operates like an ETF vault. Each time a Geez NFT is deposited into the vault, 1,000 PNutz are minted,” the team wrote in its whitepaper. “When any Geez NFT is redeemed, 1,000 PNutz are burned, ensuring every PNutz in circulation is fully backed 1:1 by Geez NFTs.”
By introducing $PNutz to the GeezOnApe ecosystem, the project hopes to be everywhere in the Web3 world, attracting new holders, liquidity, and opportunities.
Ahead of tomorrow’s launch, the floor price of a GeezOnApe NFT is 1,289 $APE, or roughly $785 USD.
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