# Introduction / Genesis

<figure><img src="https://1408830916-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FaGCWYbtBRqhOmC8RhNAH%2Fuploads%2FxIOkzFQ9V8vkkLBggL8E%2Flogo200x200.png?alt=media&#x26;token=5bb620f6-cbc4-41bb-acfd-f496d9f05810" alt=""><figcaption></figcaption></figure>

&#x20;   It all began with the idea of creating a humorous token to test the new features on the Elrond Network. However, upon witnessing the Elrond Community's enthusiastic response to our token, we quickly realized the potential for Deez $NUTS to serve a more significant purpose.

&#x20;   The name "NUTS" was inspired by a popular meme and the similarity we observed between cryptocurrency holders and squirrels with their nuts. Although squirrels are known to fail in recovering up to 74% of the nuts they bury, they are excellent at holding onto what they have. 😂

&#x20;   **What we do:** We recognize the importance of building on the web3 and creating decentralized products that offer greater security, transparency, and accessibility. By leveraging the power of blockchain technology, we aim to build innovative products that provide users with a more efficient and decentralized way of interacting with digital assets.

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**Disclaimer:** The information contained in this document does not claim to be complete. This document may be amended and/or completed from time to time.&#x20;
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