$0.152908

24H %

8.81%

24H Low

$0.14

24H High

$0.15
DownloadIcon
TO

Linear
Log

About NuCypher

Sector

Computing


Industry Group

Shared Storage


Industry

Shared Storage



The NuCypher price is $0.15, a change of 8.81% over the past 24 hours as of 10:48 a.m. The recent price action in NuCypher left the tokens market capitalization at $190,431,500.38. So far this year, NuCypher has a change of -79.44%. NuCypher is classified as a Computing under CoinDesks Digital Asset Classification Standard (DACS).


NuCypher is a decentralized key management system and proxy re-encryption service. The decentralized key management system lets users securely store information on the NuCypher blockchain network with full encryption and complete access controls. NuCypher works with other blockchains by adding a privacy layer to existing blockchain developments.

NU price

NU was first sold in a simple agreement for future tokens (SAFT) sale ahead of the public testnet launch in October 2019, in which 8% of the token supply was purchased for a total of $133 million. Token holders from the SAFT sale were required to lock their tokens for two years while NuCypher moved towards a full mainnet, or live blockchain, launch.

At the launch of the mainnet, there was a total supply of 1 billion NU, with 39% of the supply delegated to early investors and another 8% for the SAFT investors.

In June 2021, the NU price spiked on the news it was being listed on the Binance cryptocurrency exchange. The token reached an all-time high on Oct. 15, 2021, of $1.59, jumping roughly 440% ahead of updates about its upcoming merger with Keep. The NU price all-time low was $0.0611 on Nov. 27, 2020.

How NuCypher works

NU is an inflationary token with a capped supply, but the inflation rate is not fixed. Users who hold the tokens for longer periods of time are given a higher staking reward. If all users were to stake their supply of tokens for a month, the inflation rate of NU would be 50% a year, on average. If all users committed to staking their tokens for a full year, the inflation rate would jump to 100% per year.

Key events and management

Mikhail Egorov and MacLane Wilkison co-founded NuCypher in 2015 as a way to secure data stored in the cloud. As they continued to work on the project, the duo were accepted to Y Combinator in 2016, where they secured $750,000 in a funding round. Egorov also founded Curve, the popular decentralized market maker for stablecoins.

In June 2017, the NuCypher white paper was released by the co-founders, bringing smart contract functionality to their cloud data storage solution. Following the white paper, Egorov and Wilkison released a private testnet in 2018, followed by a public testnet in October 2019.

When the project transitioned to the blockchain, NuCypher decided to adopt NU, the native currency of the network.

NuCypher and Keep are finalizing the merger into the Threshold Network. The project has been given the codename KEaNU from community members to track its progress. Once completed, the Threshold Network will provide several threshold cryptography primitives for NuCypher and Keep, including proxy re-encryption, threshold signatures, distributed key generation and random beacons.


$190.43M

$2.01M


NuCypher Price

24H Open
$0.140392
24H Change
$0.012366
52 Week Low
$0.013184
52 Week High
$2.28
All Time High
$2.28
Returns (YTD)
-79.44%

NuCypher Market Stats

Total Supply
1.25B
Max Supply
N/A
24H Value Transacted
N/A
30D Volatility
N/A
24H Transaction Count
N/A
24H Average Transaction Fee
N/A

About NuCypher

Sector

Computing


Industry Group

Shared Storage


Industry

Shared Storage



The NuCypher price is $0.15, a change of 8.81% over the past 24 hours as of 10:48 a.m. The recent price action in NuCypher left the tokens market capitalization at $190,431,500.38. So far this year, NuCypher has a change of -79.44%. NuCypher is classified as a Computing under CoinDesks Digital Asset Classification Standard (DACS).


NuCypher is a decentralized key management system and proxy re-encryption service. The decentralized key management system lets users securely store information on the NuCypher blockchain network with full encryption and complete access controls. NuCypher works with other blockchains by adding a privacy layer to existing blockchain developments.

NU price

NU was first sold in a simple agreement for future tokens (SAFT) sale ahead of the public testnet launch in October 2019, in which 8% of the token supply was purchased for a total of $133 million. Token holders from the SAFT sale were required to lock their tokens for two years while NuCypher moved towards a full mainnet, or live blockchain, launch.

At the launch of the mainnet, there was a total supply of 1 billion NU, with 39% of the supply delegated to early investors and another 8% for the SAFT investors.

In June 2021, the NU price spiked on the news it was being listed on the Binance cryptocurrency exchange. The token reached an all-time high on Oct. 15, 2021, of $1.59, jumping roughly 440% ahead of updates about its upcoming merger with Keep. The NU price all-time low was $0.0611 on Nov. 27, 2020.

How NuCypher works

NU is an inflationary token with a capped supply, but the inflation rate is not fixed. Users who hold the tokens for longer periods of time are given a higher staking reward. If all users were to stake their supply of tokens for a month, the inflation rate of NU would be 50% a year, on average. If all users committed to staking their tokens for a full year, the inflation rate would jump to 100% per year.

Key events and management

Mikhail Egorov and MacLane Wilkison co-founded NuCypher in 2015 as a way to secure data stored in the cloud. As they continued to work on the project, the duo were accepted to Y Combinator in 2016, where they secured $750,000 in a funding round. Egorov also founded Curve, the popular decentralized market maker for stablecoins.

In June 2017, the NuCypher white paper was released by the co-founders, bringing smart contract functionality to their cloud data storage solution. Following the white paper, Egorov and Wilkison released a private testnet in 2018, followed by a public testnet in October 2019.

When the project transitioned to the blockchain, NuCypher decided to adopt NU, the native currency of the network.

NuCypher and Keep are finalizing the merger into the Threshold Network. The project has been given the codename KEaNU from community members to track its progress. Once completed, the Threshold Network will provide several threshold cryptography primitives for NuCypher and Keep, including proxy re-encryption, threshold signatures, distributed key generation and random beacons.


Market Analysis
Social Analysis

Trending Assets

Bitcoin Calculator

Last Updated on 10/04/22 10:48 AM

CoinDesk’s Bitcoin and Cryptocurrency Calculator determines the exchange rates between major fiat currencies and cryptocurrencies – including BTC, BCH, ETH and XRP to USD, EUR, GBP, IDR and NGN – with up to six decimal places of accuracy. Conversion rates are based on CoinDesk’s Bitcoin Price Index and the price indices of other digital assets. World currency prices are based on rates obtained via Open Exchange Rates.


Latest About NuCypher

CoinDesk - Unknown
NU Rallies 44% on Binance Listing While Bitcoin, Ether Fall on Musk Tweet

NU is one of the few coins that has shown positive gains in the past day.

CoinDesk - Unknown
CoinDesk - Unknown
Polychain, Bitmain Back $10.7 Million SAFT for Encryption Startup NuCypher

NuCypher has raised $10.7 million in a SAFT with Polychain, Bitmain and others. It's also launched the testnet for its suite of encryption services.

CoinDesk - Unknown

Disclaimer
Any data, text or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results. CoinDesk is an independently managed media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and blockchain startups. DCG has no operational input into the selection or duration of CoinDesk content in all its forms.