Announcement on the Sale of NuCypher（NU） by Hotbit

Dear Hotbit users,

NuCypher（NU）will be available for sale at Hotbit at 16:00(UTC+8) on December 5, 2019, with a total of 403,478 NU.

Introduction to the NuCypher（NU） project:

Project Introduction

A decentralized network offering accessible, intuitive, and extensible cryptographic runtimes for secrets management and dynamic access control.

The NuCypher network provides accessible, intuitive, and extensible runtimes and interfaces for secrets management and dynamic access control.

Accessible - The network is permissionless and censorship-resistant. There are no gate-keepers and anyone can use it.
Intuitive - The network leverages the classic cryptological narrative of Alice and Bob (with additional characters where appropriate). This character-based narrative permeates the code-base and helps developers write safe, misuse-resistant code.
Extensible - The network currently supports proxy re-encryption but can be extended to provide support for other cryptographic primitives.

Access permissions are baked into the underlying encryption, and access can only be explicitly granted by the data owner via sharing policies. Consequently, the data owner has ultimate control over access to their data. At no point is the data decrypted nor can the underlying private keys be determined by the NuCypher network.

Under the hood, the NuCypher network uses the Umbral threshold proxy re-encryption scheme to provide cryptographic access control.