Alert! A new cryptocurrency will be releasing soon! The Brazilian Company NuBank who is backed by massive star investor Warren Buffett will be releasing a new cryptocurrency called Nucoin! Nucoin is expected to release sometime in 2023.
What do we know about Nucoin?
So far not much is known about Nucoin. We know it will not be a stable coin like JP Morgan's coin but the price instead will fluctuate like a traditional crypto. It is said the coin will run on Polygon network. It is also said that the coin will be used as a reward and NuBank customer's can earn them.
What is my opinion on Nucoin?
Personally I would not recommend investing in Nucoin as it seems to be mainly focused as a reward token and not an investment token. But if you are already a user of NuBank then I think it could be a great idea to collect as many of the tokens as you can! I think we will be able to make a more informed decision once more information becomes available about the crypto. Right now we don't even know the "tokenomics" of the coin.
Do you use NuBank or are you excited to purchase Nucoin? Let me know your thoughts in the comment section below!
If you like this article, follow me on twitter @easily_rich for more investing content. Disclosure: The owner of Easily Rich does own shares of $NU.
