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What Is Nulink and How to Buy NLK?

2024-06-07 07:27:03

Introduction

As we continuously broaden our offerings, we are introducing a new project addition - Nulink (NLK), a ZK provable data privacy solution for decentralized applications that promises to be a game changer in data security and privacy.

This article provides you with a comprehensive overview of the Nulink project, its native token, tokenomics, functionalities, and its potential impact on the crypto ecosystem.

What is Nulink?

History and Development

Nulink is a cutting-edge project whose stated mission is to revolutionize data protection in the digital world. Founded in 2021 by a team of experts in cybersecurity and blockchain technology, Nulink has rapidly gained traction for its innovative solutions. Recently, the project raised $11.3 million in funding from prominent investors like DWF Labs, Poolz, and Binance Labs, highlighting its strong market potential and investor confidence. This funding will be used to advance Nulink’s technology, expand its capabilities, and support regulatory compliance efforts

Project Mission and Vision

Nulink's mission is to provide cutting-edge data privacy solutions that empower users to control access to their sensitive data. By leveraging advanced cryptographic methods and decentralized infrastructure, Nulink aims to create a secure environment for data exchange and storage. The project envisions a future where privacy is not just a feature but a standard practice, enabling individuals and organizations to manage their data with confidence and security​.

Nulink integrates blockchain technology with state-of-the-art security measures like Proxy Re-Encryption (PRE), Attribute-Based Encryption (ABE), Zero-Knowledge Proofs, and Fully Homomorphic Encryption. 

Application

Nulink is designed to make it easy for developers to implement best practices and best-of-breed data security and privacy. The platform provides various utilities to ensure robust data protection:

  • Endpoint Encryption: Data is encrypted immediately at the endpoint and decentralized in its storage. Even the creators of decentralized applications cannot access users' sensitive data.
  • Access Control: Nulink implements access control through cryptographic technologies such as Proxy Re-Encryption (PRE) and Attribute-Based Encryption (ABE). This allows data access to be granted for limited times and different authentication methods.

Ecosystem and Use Cases

Nulink's comprehensive approach to data protection includes various use cases across different industries:

  • Encrypted NFTs: Provides a secure method for encrypting and sharing NFTs, ensuring that only authorized parties can access the data.
  • Healthcare Data: Enables secure sharing of medical records, giving patients control over who can access their health data.
  • Automotive Data Sharing: Allows secure transmission of car data to insurance companies or service providers without compromising privacy.
  • Social Networks: Facilitates privacy-preserving social networks where users can control access to their posts and messages.
  • Digital Rights Management: Ensures secure and private sharing of digital assets, allowing owners to control access and distribution.

Project Features

  • Proxy Re-Encryption (PRE): Allows secure data sharing by enabling encrypted data to be re-encrypted for different recipients without exposing the plaintext.
  • Attribute-Based Encryption (ABE): Provides fine-grained access control, enabling data decryption based on user attributes and policies.
  • Zero-Knowledge Proofs (ZKP): Ensures data verification without revealing the data itself, enhancing privacy and security.
  • Fully Homomorphic Encryption (FHE): Allows computation on encrypted data without decrypting it, maintaining data privacy throughout the process.
  • Secure Multi-party Computation (SMPC): Enables multiple parties to jointly compute a function over their inputs while keeping those inputs private.

Overview of NLK

Nulink's native token, NLK, plays a vital role in the project's ecosystem. It is designed to incentivize participation, secure the network, and facilitate transactions within the Nulink platform.

Application/Utilities

  • Network Security: NLK is used to secure the Nulink network through staking, which helps in maintaining the integrity and reliability of the platform.
  • Transaction Fees: Users pay transaction fees in NLK for services such as data encryption and decryption, ensuring seamless and secure operations.
  • Incentives and Rewards: NLK incentivizes participants to contribute to the network, including node operators and developers who provide security and development services.
  • Governance: NLK holders can participate in the network’s governance by voting on proposals, influencing the future direction of the Nulink ecosystem.

NLK Tokenomics

The tokenomic structure of the NLK token is as follows:

Total Supply: The token has a total supply of 1 B.

  • Mining: 30%
  • Pre-sale: 25%
  • BD & Community: 15%
  • Core Team Incentivization: 15%
  • Foundation: 15%

NLK Token Statistics

The NLK token was listed on CoinEx on  May 16, 2024, and began trading at a price of $0.16.

  • Token Symbol: NLK
  • Token Supply: 1 Billion
  • Circulating Supply: 100 Million
  • Market Capitalization: $62.79 Million
  • Circulating Market Capitalization: $6.28 Million
  • Trading Price: $ 0.06278
  • Cryptocurrency Rank: #881

*Data source: The data above is real-time data from CoinEx as of June 6, 2024.

Nulink is backed by strategic investors with a well-known Web 3 success record making the NLK token popular.

How to Trade NLK Tokens on CoinEx?

CoinEx is a global cryptocurrency exchange, trusted by 6+ millions of users worldwide with 100% reserve. With 1000+ tokens supported, including NLK, users can now trade easily and seamlessly. To purchase NLK tokens on CoinEx, follow the steps below:

  • Create an Account: Begin by signing up for a CoinEx account. 
  • Deposit Funds: Once you log in, deposit funds into your CoinEx account via any supported cryptocurrencies or deposit methods available on the exchange. With funds in your account, you can execute trades seamlessly.
  • Navigate to NLK Trading Page: After funding your account, navigate to the dedicated NLK trading page on CoinEx. A search box will help you locate NLK trading pairs on the spot trading page. Simply enter the term "NLK" to find the associated trading pairs.
  • Select a Trading Pair: Choose the trading pair NLK/USDT to trade NLK against USDT (Tether).
  • Specify the Purchase Amount: The next step is to specify the number of NLK you want to buy. You can buy them at the current market price or set a limit for your preferred buying price on the trading page.
  • Execute the Trade: Once you have specified the amount, proceed to execute the trade. Confirm the details, and if they are satisfactory, submit the order. 

By following these steps, you can easily trade NLK tokens on CoinEx.

Conclusion

Nulink's innovative features and strong mission position it as a significant player in the evolving landscape of blockchain technology. As the importance of data security continues to grow, Nulink’s solutions and NLK's utility will likely play a crucial role in shaping the future of digital privacy.

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