When was Nosana (NOS) coin issued?

Nosana's (NOS) utility token empowers healthcare data sharing, patient engagement, and platform governance for a transformative healthcare experience.

Dec 10, 2024 at 06:08 am

Nosana (NOS) Coin: A Comprehensive Overview

Nosana (NOS), a utility token within the Nosana ecosystem, plays a pivotal role in powering various applications and services on the platform. Nosana aims to revolutionize the healthcare industry by harnessing blockchain technology, enabling secure and efficient data management, data sharing, and patient engagement.

History and Timeline of NOS Coin

• 2022: Nosana (NOS) was officially launched as the native utility token of the Nosana ecosystem, a blockchain-based healthcare data platform.

Key Features and Use Cases of NOS Coin

• Data Access and Sharing: NOS facilitates secure and controlled data access for patients, allowing them to share their health records with healthcare providers, researchers, and others.
• Patient Engagement: The coin empowers patients with greater control over their health data, enabling them to make informed decisions about their care and participate in research initiatives.
• Incentivization and Rewards: NOS incentivizes various actions within the ecosystem, such as data sharing, contribution to research, and participation in platform governance.
• Governance: NOS coin holders play a role in shaping the future of the Nosana ecosystem through voting on proposals related to platform development and governance.
• Platform Transaction Fees: NOS is used to pay for transactions within the Nosana ecosystem, such as data access, data sharing, and platform usage.

NOS Coin Distribution and Allocation

• Seed Round: 13% of the total NOS supply was allocated to early investors and contributors during the seed round.
• Private Sale: An additional 22% of the NOS supply was sold to private investors during the private sale.
• Public Sale: 30% of the NOS supply was made available to the public through a token sale.
• Team and Advisors: 10% of the NOS supply is reserved for the Nosana team and advisors.
• Ecosystem Development: 25% of the NOS supply is allocated for ecosystem development, supporting initiatives that foster the growth and adoption of the platform.

Acquisition and Storage of NOS Coins

• Token Sale Participation: Users could acquire NOS coins by participating in the public token sale.
• Exchanges: NOS coins can be purchased on various cryptocurrency exchanges, such as Coinbase and Binance.
• Storage: NOS coins can be stored in any wallet that supports ERC-20 tokens.

Price Performance and Future Outlook

• Historical Price Performance: Nosana (NOS) has exhibited a volatile price history since its launch. Factors such as market conditions, platform developments, and industry trends have influenced its price fluctuations.
• Future Outlook: The potential growth and adoption of blockchain technology in healthcare can positively impact the demand for NOS coins, influencing its future price performance.