[New Coin Listing] PHA & NU & AUDIO & RNDR & NKN to Be Listed on DigiFinex
DigiFinex will list Phala Network(PHA) & NuCypher(NU) & Audius(AUDIO) & Render Token(RNDR) & NKN(NKN) on Nov 26, 2021 and open trading service of PHA/USDT & NU/USDT & AUDIO/USDT & RNDR/USDT & NKN/USDT at 18:00 (GMT+8) on Nov 26. Specific rules are as follows:
- Time of deposit opening: 14:00 (GMT+8), Nov 26th, 2021
- Time of trade opening: 18:00 (GMT+8), Nov 26th, 2021
- Time of withdrawal opening: 14:00 (GMT+8), Nov 27th, 2021
- Trading pair: PHA/USDT & NU/USDT & AUDIO/USDT & RNDR/USDT & NKN/USDT
Project name: Phala Network(PHA)
Project official webs:https://phala.network/
Phala Network is a privacy-preserving cloud computing service, which offers computing power comparable to existing cloud services and protects the privacy of managed programs. Based on TEE-Blockchain Hybrid Architecture, developers can deploy confidential smart contracts running inside the TEE Enclaves in the CPU.
Phala is also based on Substrate, and will run as a parachain of Polkadot ecosystem.
Project name: NuCypher(NU)
Project official webs:https://www.nucypher.com/
NuCypher is a decentralized encryption, access control and key management system (KMS), encryption service for public blockchains. NuCypher offers end-to-end encrypted data sharing on public blockchains and decentralized storage solutions.
NuCypher allows users to share private data between a number of participants in public consensus networks, using proxy re-encryption (PRE) technology. This decryption technology makes NuCypher much more secure and protected than traditional blockchain projects based on public-key encryption, according to NuCypher.
NuCypher (NU) are the native tokens used on the larger NuCypher network. The tokens are used to incentivize network participants for performing key management services and accessing delegation/revocation operations on the network.
The NU tokens are also used for staking to run a NuCypher worker node. The NuCypher network is protected against malicious staking, and would automatically slash a suspected user’s rewards.
NU is also used on the network for participating in the NuCypher DAO. The NuCypher DAO is the protocol that controls network parameters and smart contract upgrades on the network. Users who stake NU can also participate in validating DAO proposals.
Project name: Audius(AUDIO)
Project official webs: https://audius.co/
Audius is a decentralized music-sharing and streaming protocol that facilitates direct transactions between listeners and creators, giving everyone the freedom to distribute, monetize, and stream any audio content.
The protocol consists of:
- Discovery nodes that index the Audius content ledger and provide an easily query-able interface for retrieving metadata;
- Content nodes to host content and permission access to content on behalf of artists;
- Content ledger as a single source of truth for all data accessible within the Audius protocol, anchoring references to content hosted by content nodes;
AUDIO is the native utility token for:
- Participating in protocol governance voting
- Staking for running discovery or content nodes so users will get a share of network fees
- Staking to unlock features like artist tokens and badges and receive voting power from fans
Project name: Render Token(RNDR)
Project official webs: https://rendertoken.com/
RenderToken (RNDR) is a distributed GPU rendering network built on top of the Ethereum blockchain, aiming to connect artists and studios in need of GPU compute power with mining partners willing to rent their GPU capabilities out. Conceived in 2009 by OTOY, inc. CEO Jules Urbach and launched in 2017, RNDR held its first public token sale in October of that same year, followed by a private sale period lasting from January 2018 — May 2018, wherein a total of 117,843,239 RNDR were sold at a price of 1 RNDR = $0.25 USD equivalent of token. During the private sale period, early adopters were onboarded onto the RNDR Beta Testnet, where beta node operators and artists worked collaboratively with the RNDR team in building and testing the network, up until its public launch on April 27th 2020.
Project name: NKN(NKN)
Project official webs: https://nkn.org/zh-hans/
NKN, or New Kind of Network, is an open-source protocol for public blockchain-based peer-to-peer Networks to share network bandwidth and Internet connectivity. The project was launched in January 2018 and lists Stephen Wolfram, creator of Mathematica and Wolfram|Alpha, and Whitfield Diffie, inventor of public-key cryptography as advisors. NKN Mainnet was launched in July 2019 and has up to 25,000 full consensus nodes (more than Bitcoin or Ethereum).
Notable use cases for NKN include:
- Content Delivery system (contract with Chinese video giant iQIYI)
- Edge computing (contract with China Mobile)
- D-chat (secure messaging app)
- nShell (secure remote terminal access).
NKN’s consensus algorithm is based on Cellular Automata, A New Kind of Science and Ising Model, where a simple local majority rule can lead to system-level convergence in a small number of iterations. The design goal is to scale to arbitrary numbers of equal consensus nodes.
NKN uses a global addressing scheme based on public keys, in order to enable direct peer to peer communication without centralized servers. The routing of packets is based on Chord Distributed Hash Table (DHT), which maps each NKN address to a random and verifiable position on the Chord DHT ring.
Risk Alert: This is a new token project that poses higher risk than other tokens, which will face potential high price volatility. Please ensure you have done your own research in regards to the fundamental concepts and fully understand this project before opting to trade. DigiFinex will make the best efforts to list high-quality token projects, but will not be responsible for any of your trading losses.
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26th November 2021
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