NuCypher is decentralized encryption, access control, and key management system that provides public blockchain encryption services. It offers end-to-end encrypted data sharing and decentralized storage solutions on the public blockchain. NuCypher, which employs proxy re-encryption technology, enables users to share private data among multiple participants in a public consensus network. This decryption technology makes NuCypher more safe and secure than traditional blockchain projects based on public-key encryption.
NU is the token used on the NuCypher network to incentivize network participants to perform essential management services and access delegation operations. The network can detect malicious attacks and automatically reducing rewards for suspicious users. The token can also be used to participate in the network’s decentralized autonomous organization (DAO). The NuCypher DAO is an agreement that governs network parameters and smart contract upgrades. NU holders can also take part in the verification of DAO proposals.
NuCypher first launched on the BigONE Exchange in October 2020, and its token value has increasing more than 20 times since then, including a significant rise in the last week.
BigONE recently launched the NuCypher (NU) deposit and trading lottery. The prizes are plentiful, and the user response has been enthusiastic.
The promotion started on October 15 and finishes at 17:00 on October 22, 2021 (GMT+8).
⦁ 1st activity: deposit bonus
To take part users need to deposit NU from their wallets or other exchanges to their BigONE account during the event. If their net deposit exceeds 100 NU, they will be rewarded based on their net deposit ranking. The following are the reward guidelines:
The first three net deposits must total more than 1,000 NU. In addition, BigONE will conduct random airdrops to users who are not among the top 50 net depositors. A total of 100 random airdrop rewards will be distributed, with each airdrop ranging from $1 to $10 worth of NU.
⦁ 2nd activity: trading competition
During the trading event, users with NU trading volume ≥ 100 USDT can participate in reward sharing.*
* The top three must have a transaction volume greater than 1,000 USDT. Net deposit amount = deposit amount-withdrawal amount, transaction volume = purchase amount + sale amount.
Cheating and self-trading are examples of prohibited behaviour. Once discovered, the award will be revoked.
After the event, rewards will be distributed within seven working days.
BigONE Cryptocurrency Exchange owns the final interpretation rights to this event.
BigONE reminds investors that when engaging in NuCypher (NU) deposit and trading activities, they should be aware of the risks posed by currency price fluctuations and make rational judgments and prudent decisions within their risk tolerance.
BigONE’s announcements and event reward information does not constitute investment advice, and BigONE will not be liable for any direct or indirect losses incurred due to relying on such information. In addition, BigONE accepts no responsibility for transaction guarantees, compensation, or the like.