NuCypher
NU-
USD
POLYCHAIN-CAPITAL-PORTFOLIO
$0.22
-$0.01
(-5.09%)
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How to buy NuCypher (NU) in the US
A beginner's guide to buying and selling NU in the US.
How to buy NuCypher
Look for an exchange that supports both fiat and cryptocurrency to simplify buying NuCypher.
- Open an account on an exchange that supports NU.
Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register. - Deposit funds into your account.
Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy NuCypher. - Buy NuCypher.
Complete your NuCypher purchase and then find the best wallet to store NU.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.
What is NuCypher?
NU is the native token of the NuCypher network, along with being the utility token of the ecosystem. NuCypher offers a decentralized encryption, access control and key management system (KMS) for blockchain networks. Holders of the NU token get the right to run a node on the network. Users can only run a node by staying online accessible to users and staking a particular amount of native tokens on the network as a collateral. The token model of NU is designed in a way to offer low liquidity so that users would stake tokens for longer terms, rather than using it as a speculative trading asset. NuCypher was founded by MacLane Wilkison and Michael Egorov in 2015, although they did not tokenize it’s data encryption layer till December 2017, when they launched NU as a Simple Agreement for Future Tokens (SAFT) selling 31% of the initial token supply for nearly $4.4 million in what’s also known as a token pre-sale.In October 2019, NuCypher sold another 8% of it’s token supply through another SAFT to raise $10.7 million.
NuCypher (NU) is the 275th largest cryptocurrency in the world by market cap, valued at $123,159,309. The current price of NuCypher is $0.221273, which is -4.649% lower than yesterday. Prices have ranged between $0.240476 and $0.221069 over the past 24 hours. All prices are listed in US dollars and accurate as of August 02, 2021 04:08 UTC.
Where to buy NuCypher
Find an exchange to buy, sell and trade NU by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.NuCypher at a glance
Information last updated August 02, 2021 04:08 UTC.
| Coin symbol | NU |
|---|---|
| Total NU supply | 3,885,390,082 |
| Circulating NU | 556,862,377 |
| Current price | US$0.221273 |
| All time high | US$1.10 |
| All time high date | February 22, 2021 |
| Notable team members | Mikhail Egorov, MacLane Wilkison |
| Partnerships | Keep Network |
| Industry | Encryption |
| Token uses | Staking, mining rewards, platform fees |
| Network | Ethereum |
NuCypher price performance over time
Historical prices compared with the price of US$0.221273.
| 1 hour | -1.36% |
|---|---|
| 24 hours | -4.65% |
| 7 days | 8.54% |
| 14 days | 7.22% |
| 30 days | -3.97% |
|---|---|
| 60 days | -26.92% |
| 200 days | 27.13% |
| 1 year | N/A |
How to sell NuCypher
You can cash out your NU with the same exchange you bought it through:
- Sign in to the exchange you have NU on.
If you store your NuCypher in a digital wallet, compare crypto exchanges to sell it on. - Place a sell order.
Choose the amount of NU you'd like to sell. - Complete your transaction.
Confirm the sell price and fees and close your sale of NuCypher.
What to consider when buying NuCypher
Cryptocurrencies are highly volatile and a speculative asset class by nature. Make sure you always understand the various factors impacting the price of a cryptocurrency before investing. If you’re considering investing in NU, consider the following aspects before deciding:- Inflation: According to CoinMarketCap, at the time of writing (April 2021), there are over 408 million coins in circulation. The maximum supply is capped at nearly 3.89 billion tokens. Be aware of how inflation may affect future value.
- WorkLock: According to the NuCyppher blog, WorkLock is the network’s node set-up mechanism, which will be used to launch the network. It is essentially the smart contract on which the network is based. Over $125 million in Ether was locked in the smart contract through 2,011 nodes on October 5, 2020. Later, on October 17, it launched the mainnet by distributing $45 million worth of NU tokens, which were staked for six months from that date.
- Liquidity: The token model incentivizes long-term investors to stake their tokens. The project discourages speculative trading on the NU token, thus the liquidity of NU as a token is lower than other DeFi protocols with similar use cases.
- Governance: In June 2020, Nu Cypher announced that the governance in the network will be decentralized and the NuCypher DAO, a decentralized autonomous organization (DAO) will govern over the NuCypher Network. This DAO is powered by the Aragon network.
- Umbral: This is the specific threshold proxy re-encryption (PRE) that enables users to share and store private data on public networks securely. NuCypher’s Umbral breaks it up into four steps: grant, encrypt, retrieve and re-encrypt. The process aims to ensure utmost security and transparency for the network and its users.
Coins similar to NuCypher (NU)
Disclaimer: Cryptocurrencies, including NuCypher, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of NU is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the NuCypher or any other cryptocurrency discussed.
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