Nubank announced this Friday the 10th that around 13 million people already have a Nucoin address, the bank's native cryptocurrency. Recently, the fintech loyalty cryptocurrency gained prominence due to significant appreciation and technical issues.
Therefore, crossing Nubank data with data on bitcoin holders, provided by the Federal Treasury, Nucoin is one of the most popular cryptocurrencies in Brazil, possibly the one with the highest number of unique wallets whose holders are Brazilians.
"For the first time we show the public how much our ecosystem has grown, reaching more than 13 million registered users, each with their own wallet address on the blockchain, in just eight months after its launch," said Fernando Czapski, general manager of Nucoin.
The bank's announcement came alongside the launch of a metrics dashboard, also known as a block explorer, for Nucoin. According to the bank, the aim is to bring transparency to information related to the digital currency.
According to the bank, the tool should receive new features soon.
"We know we still have a long way to go to increase the transparency of our blockchain, for example by making queries available for individual wallets and transactions. We are working on this and will continue to evolve the platform gradually over the coming months. ", reinforces Czapski.
Announced in late 2022, the Nucoin ecosystem was developed from a decentralised creative process, bringing together input from key NuCommunity members and digital currency experts.
Starting in March 2023, Nucoin gradually began to be 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 app.
"The proposal of the Nucoin programme is to reinvent what we know today as a loyalty programme with all the benefits of blockchain technology. Over time, we plan to incorporate other sponsors in addition to Nubank to expand the network with brands from different segments." notes Fernando Czapski.
Customers have the option to freeze their Nucoins to level up in the programme and unlock more benefits (such as receiving more Nucoins and/or tickets to compete for prizes) or exchange their Nucoins for cash with Nucoin Liquidity Pool.
Over time, customers who freeze their Nucoins will have more benefits available to them, both within the Nubank platform and with external partners who join the loyalty network.
The bank noted that, with this first version of Nucoin Explorer, Nucoin users will have access to a dashboard with public, real-time information on key indicators.
These include general data, including information on Nucoin usage, such as the number of wallets and transactions; trade data such as price and liquidity; and economic and tokenisation data, such as the amount of Nucoins already committed within each of the pools detailed in the litepaper.
The volume of information made available by the platform should gradually evolve as new versions are released.
"Nucoin Explorer is another stage in the evolution of Nucoin, ensuring greater transparency for the loyalty programme users, who are the true owners of Nucoins and who can control the operation of the programme in a way never done before in the loyalty market," Czapski emphasised.
Nubank announced this Friday the 10th that around 13 million people already have a Nucoin address, the bank's native cryptocurrency. Recently, the fintech loyalty cryptocurrency gained prominence due to significant appreciation and technical issues.
Therefore, crossing Nubank data with data on bitcoin holders, provided by the Federal Treasury, Nucoin is one of the most popular cryptocurrencies in Brazil, possibly the one with the highest number of unique wallets whose holders are Brazilians.
"For the first time we show the public how much our ecosystem has grown, reaching more than 13 million registered users, each with their own wallet address on the blockchain, in just eight months after its launch," said Fernando Czapski, general manager of Nucoin.
The bank's announcement came alongside the launch of a metrics dashboard, also known as a block explorer, for Nucoin. According to the bank, the aim is to bring transparency to information related to the digital currency.
According to the bank, the tool should receive new features soon.
"We know we still have a long way to go to increase the transparency of our blockchain, for example by making queries available for individual wallets and transactions. We are working on this and will continue to evolve the platform gradually over the coming months. ", reinforces Czapski.
Announced in late 2022, the Nucoin ecosystem was developed from a decentralised creative process, bringing together input from key NuCommunity members and digital currency experts.
Starting in March 2023, Nucoin gradually began to be 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 app.
"The proposal of the Nucoin programme is to reinvent what we know today as a loyalty programme with all the benefits of blockchain technology. Over time, we plan to incorporate other sponsors in addition to Nubank to expand the network with brands from different segments." notes Fernando Czapski.
Customers have the option to freeze their Nucoins to level up in the programme and unlock more benefits (such as receiving more Nucoins and/or tickets to compete for prizes) or exchange their Nucoins for cash with Nucoin Liquidity Pool.
Over time, customers who freeze their Nucoins will have more benefits available to them, both within the Nubank platform and with external partners who join the loyalty network.
The bank noted that, with this first version of Nucoin Explorer, Nucoin users will have access to a dashboard with public, real-time information on key indicators.
These include general data, including information on Nucoin usage, such as the number of wallets and transactions; trade data such as price and liquidity; and economic and tokenisation data, such as the amount of Nucoins already committed within each of the pools detailed in the litepaper.
The volume of information made available by the platform should gradually evolve as new versions are released.
"Nucoin Explorer is another stage in the evolution of Nucoin, ensuring greater transparency for the loyalty programme users, who are the true owners of Nucoins and who can control the operation of the programme in a way never done before in the loyalty market," Czapski emphasised.
Nubank announced this Friday the 10th that around 13 million people already have a Nucoin address, the bank's native cryptocurrency. Recently, the fintech loyalty cryptocurrency gained prominence due to significant appreciation and technical issues.
Therefore, crossing Nubank data with data on bitcoin holders, provided by the Federal Treasury, Nucoin is one of the most popular cryptocurrencies in Brazil, possibly the one with the highest number of unique wallets whose holders are Brazilians.
"For the first time we show the public how much our ecosystem has grown, reaching more than 13 million registered users, each with their own wallet address on the blockchain, in just eight months after its launch," said Fernando Czapski, general manager of Nucoin.
The bank's announcement came alongside the launch of a metrics dashboard, also known as a block explorer, for Nucoin. According to the bank, the aim is to bring transparency to information related to the digital currency.
According to the bank, the tool should receive new features soon.
"We know we still have a long way to go to increase the transparency of our blockchain, for example by making queries available for individual wallets and transactions. We are working on this and will continue to evolve the platform gradually over the coming months. ", reinforces Czapski.
Announced in late 2022, the Nucoin ecosystem was developed from a decentralised creative process, bringing together input from key NuCommunity members and digital currency experts.
Starting in March 2023, Nucoin gradually began to be 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 app.
"The proposal of the Nucoin programme is to reinvent what we know today as a loyalty programme with all the benefits of blockchain technology. Over time, we plan to incorporate other sponsors in addition to Nubank to expand the network with brands from different segments." notes Fernando Czapski.
Customers have the option to freeze their Nucoins to level up in the programme and unlock more benefits (such as receiving more Nucoins and/or tickets to compete for prizes) or exchange their Nucoins for cash with Nucoin Liquidity Pool.
Over time, customers who freeze their Nucoins will have more benefits available to them, both within the Nubank platform and with external partners who join the loyalty network.
The bank noted that, with this first version of Nucoin Explorer, Nucoin users will have access to a dashboard with public, real-time information on key indicators.
These include general data, including information on Nucoin usage, such as the number of wallets and transactions; trade data such as price and liquidity; and economic and tokenisation data, such as the amount of Nucoins already committed within each of the pools detailed in the litepaper.
The volume of information made available by the platform should gradually evolve as new versions are released.
"Nucoin Explorer is another stage in the evolution of Nucoin, ensuring greater transparency for the loyalty programme users, who are the true owners of Nucoins and who can control the operation of the programme in a way never done before in the loyalty market," Czapski emphasised.
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