Nuls is a multifunctional platform whose goal is to increase the indicator of business confidence in decentralized applications based on blockchain technologies. In the current review, we will consider the essence of the project, the price, prospects, and purpose of the NULS token, and the platform for trading, exchange, and fiat purchase.
What is Nuls (NULS)?
Nuls blockchain uses a unique Proof of Credit consensus mechanism. The main goal of the platform is to create a flexible structure that allows to customize applications and programs for the special needs of a particular enterprise. Nuls aims to solve the problems of blockchains by creating a blockchain that is characterized by modularity and operability of sub-chains.
The design consists of functional modules and micro-services. All this provides scalability and security to the blockchain. Nuls is an open source project with a customizable infrastructure, which gives developers the freedom to build according to their needs without being burdened with technological difficulties. Firstly, it creates a simple programming environment that can be used by developers with different work experience and different skill levels. Secondly, Nuls has made its blockchain adaptable for various application use cases. Finally, Nuls supports processing millions of transactions per second through the use of parallel expansion technology of Chain Factory.
NULS and its sibling blockchain NerveNetwork (that will be described on another article) has a micro service architecture which gives them the inherent capability to adapt and evolve faster than anybody else, also developers can write modules on any language they want, in fact NULS and NerveNetwork are written in C++ and Java. These are the only blockchains known to have this capability.
Why should I exchange Nuls?
The NULS cryptocurrency can be considered as a profitable investment for the following reasons:
- The project relies on cooperation with businesses. Thanks to the customized structure, programmable smart contracts, modular architecture, and other technical indicators, the project can gain trust and attract corporations wishing to introduce blockchain technologies into their activities to cooperate.
- At the moment, the price of NULS is at a low level, which allows you to buy the dip. The developers are actively working on improving the project, and if they continue to adhere to their roadmap, it is quite possible that the price of NULS will increase.
On August 19, 2021, the price of NULS is $0.5414, the market capitalization of the project is $53,936,135. On January 10, 2018, a price maximum of $8.54 was set. In March 2021, the price of the cryptocurrency reached a price minimum of $0.09.
Where to trade Nuls?
The choice of a trading platform largely depends on your requirements and skills. The numerous list of platforms for buying or selling NULS includes:
- Binance – an exchange is a world leader that provides a multilingual interface, a large number of trading pairs, as well as many tools for professional trading.
Trading pairs: more than 2000.
- Huobi – a platform provides a wide range of trading tools, as well as increased protection against hacking.
Trading pairs: more than 1000.
- 7b – a crypto broker application that provides handy financial instruments. The main emphasis is on the convenience, simplicity, and security of trading.
Trading pairs: more than 2000.
How to exchange Nuls using the 7b crypto broker app?
If you were looking for a platform where you can conveniently, safely, and quickly trade cryptocurrency, then welcome to 7b. The crypto broker provides useful trading tools, low fees, as well as a huge range of cryptocurrencies and trading pairs. Take 5 minutes and after the transaction is completed, the cryptocurrency will be credited to your balance:
- Create a 7b account.
- Top up your balance.
- Select a trading pair, for example, BTC/NULS.
- Set the transaction details.
- Place a market order.
Nuls Exchange
Where to exchange NULS?
The exchange of NULS through a broker or a swap platform is the most simple and convenient way. The choice of the first or the second depends on your requirements. What may be an advantage for one person will seem to be a disadvantage for another, so we suggest that you analyze the main characteristics:
Broker:
| Pros | Cons |
| Secure exchange | Custodial service |
| Limitless exchange | |
| Multiple exchange pairs |
Swap platform:
| Pros | Cons |
| Provides privacy | There may be security issues |
| Availability of exchange rate options | |
| Non-custodial service |
In addition to convenient exchange on 7b, you can use the following platforms:
- SimpleSwap – the exchanger provides more than 300 cryptocurrencies for conversion. In addition, it provides Affiliate and Loyalty Programs.
Fee: is included in the estimated trade amount.
- LetsExchange – the exchanger provides more than 200 coins for exchange. Registration is optional.
Fee: is included in the estimated trade amount.
- StealthEX – exchanger provides more than 350 coins to swap. The main task is to ensure anonymity.
Fee: is included in the estimated trade amount.
What to know before exchanging Nuls?
Are you wondering what aspects are the most important for the secure exchange of your cryptocurrency? We have compiled a list of recommendations that will help you choose a platform:
- Check the reputation and reliability rating. You can do this by studying the reviews and exchange monitoring platforms.
- Study the amount of the commission charged. You can do this by going to the FAQ section.
- Study the list of supported coins and exchange pairs. The more diverse the choice, the better.
Do not forget to carefully enter the recipient’s address. Blockchain operations are characterized by their irreversibility.
How to buy Nuls?
Guide on buying NULS
Buying NULS for the first time might a bit complicated for a beginner. That is why we have composed a step-by-step instruction so that you could buy NULS without any problems:
Step 1. Sign up to a service providing trading or exchanging
Step 2. Deposit your account with BTC or ETH
Step 3. Find NULS/BTC or NULS/ETH trading pair
Step 4. Enter the necessary sum
Step 5. Confirm the transaction
When is the best time to buy Nuls?
According to the most analytical reviews, the best time to buy NULS is now. Thought the price fluctuations might occur from time to time, the general trend is upwards.
However it is only up to you to decide, while the information above should not be mentioned as a financial advice.
How to sell Nuls?
Selling NULS does not differ much from buying it, however, to avoid mistakes follow this instruction to sell NULS:
Step 1. Login the exchange platform you use
Step 2. Find NULS/BTC or NULS/ETH trading pair
Step 3. Enter the necessary sum
Step 4. Confirm the operation
Step 5. Exchange BTC or ETH to fiat (Optional)
What to know before buying Nuls
Before buying NULS acknowledge yourself with some helpful tips, which might save your funds:
- Keep your NULS either on hot or cold wallet. It guarantees the safety of your funds.
- Stay calm when the prices go up and down – the volatile nature of cryptocurrency causes huge price fluctuations, however it does not mean you should buy and sell hundreds of times a day.
- Never entrust your funds to dubious services, while some of them might eventually turn out to be scam or fraud.
Nuls token use cases
The main tasks of the NULS token are as follows:
- Payment for building applications and creating tokens, as well as their functioning on the platform.
- Token holders can vote for the most important changes in the network. In addition, there are tempting ways for stakers to earn rewards.
- NULS is also used to pay fees for network transactions.
FAQ
Is Nuls a good investment?
The NULS cryptocurrency can be considered as a long-term investment. Due to its modular architecture, as well as its focus on the business sphere, the project seems very promising. Now there is an opportunity to buy the dip. However, it is worth carefully monitoring how the developers follow the presented roadmap.
How do I invest in Nuls?
Buying NULS directly for fiat is not available, so the investor will need to purchase another cryptocurrency first. You should also take care of choosing a reliable and secure wallet where your coins will be stored. In order to invest with 7b, you just need to deposit for example BTC, select NULS from the list, enter how much you want to buy, and confirm the transaction.
How to trade NULS for beginners?
Never blindly follow someone’s trading signals, especially if you receive them from strangers from chat rooms or social networks. Use reliable and secure services for trading. For novice traders, 7b is the best choice. The whole process will not take more than 5 minutes: transfer the cryptocurrency to your balance, select NULS, set the transaction details, and place a market order.
What is Nuls Blockchain?
NULS is a blockchain project that is characterized by its modular structure and customization. The main goal is to provide business companies with the opportunity to implement the integration of blockchain into their activities. Each user can configure the parameters to suit their needs. Nuls operates on the basis of the Proof of Credit consensus algorithm.
