Nucoin: Nubank’s cryptocurrency has 13 million investors, a new panel reveals

O Nubankone of the largest digital banks in the world, has announced the launch of a metric dashboard, also known as block explorerfor Nucoin, Nubank’s native cryptocurrency.

According to a statement sent to Livecoinsthe focus of the new panel is on providing transparency in information related to digital currencies, based on its own blockchain and developed to serve as a utility token within the NuBank loyalty program.

With this first version of Nucoin explorerNucoin investors will have access to a dashboard with public, real-time information on key indicators such as general data, including number of holders and transactions; trading data such as price It is liquidity; and economic and tokenization data such as, for example, the number of Nucoins already committed within each of the reserves described in the Litepaper.

13 million investors

According to discovery data, Nucoin has done just that Currently 13.2 million investors, which together carried out 517 million transactions. Furthermore, the panel shows that the total market value of the currency is R$91 million.

The amount of information made available by the platform should evolve gradually as new versions are released, NuBank said.

“Nucoin Explorer is a new stage in the evolution of Nucoin and brings greater transparency to loyalty program users, who are the true owners of Nucoins and can monitor the operation of the program in a way never before seen in the loyalty market done. In addition, we showed the public for the first time how much our ecosystem has grown, reaching more than 13 million registered users in just eight months after launch – each with their own wallet address on the blockchain.”says Fernando Czapski, CEO of Nucoin.

The tool should gain new features over time. “We know that we still have a long way to go to increase the transparency of our blockchain, such as providing advice on individual portfolios and transactions. We are working on this and will continue to gradually develop the platform over the coming months.”reinforces Czapski.

NuCoin

Announced in late 2022, Nucoin was developed from a decentralized creative process, bringing together input from key NuCommunity members and digital currency experts.

From March 2023, the cryptocurrency was gradually offered to Nubank customers in Brazil. Initially, the company is the first sponsor of the protocol and therefore offers Nucoins and benefits to token holders through its application.

“The proposal of the Nucoin program is to reinvent what we know today as a loyalty program with all the benefits of blockchain technology. Over time, we plan to bring on board other sponsors besides Nubank to expand the network with brands from different segments.”notes Fernando Czapski.

According to Nubank, customers have the option to freeze their Nucoins to level up in the program and unlock more benefits (such as getting back more Nucoins and/or tickets to compete for prizes) or even redeem their Nucoins exchangeable for cash via the Nucoin Liquidity Pool. .

Over time, customers who freeze their Nucoins will have more benefits available, both within the Nubank platform and with third-party partners who join the loyalty network.

Earn rewards

For Nubank customers in Brazil, earning rewards with Nucoin is a simple and straightforward process, which takes place within the Nubank app itself. This allows customers to:

• Receive an initial airdrop: Each customer will receive an initial number of welcome Nucoins upon registration for the program, in recognition of their relationship with Nubank;
• Buy and sell Nucoins within the Nubank app;
• Cashback in Nucoin: Level 2 customers of the program will receive additional Nucoins on all spends with Nubank debit and/or credit cards, as well as on the purchase of cryptocurrencies through the Nubank Cripto experience available in the app.