12/3/2022, 2:56:29 PM

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Cirus Foundation is on the rise this week.

The price of Cirus Foundation has risen by 61.49% in the past 7 days. The price increased by 1.51% in the last 24 hours. In just the past hour, the price shrunk by 1.04%. The current price is $0.11 per CIRUS. Cirus Foundation is 91.40% below the all time high of $1.27.

The current circulating supply is 33,854,212.738 CIRUS.


What Is Cirus Foundation (CIRUS)?

Cirus Foundation (CIRUS) is a nonprofit organization supporting the Cirus ecosystem, a platform that turns data into cryptocurrency. Cirus aims to create an ecosystem to allow full data ownership by providing both a platform and hardware. In other words, individuals can use the platform to own, manage, and monetize their most valuable digital asset: data. Cirus intends to be a trustless, secure, and decentralized network.

According to the whitepaper, the Cirus ecosystem includes the Cirus Device, Cirus Core Platform, and Cirus Confluence Network. All three components seek to work together to enable individuals to interact with, profit from, and contribute to the ownership economy. An ownership economy is a system where all participants have a financial stake or value in the ecosystem they contribute in.

The Big Data space is highly centralized where a handful of companies control the user data. The value generated by this data seldom trickles down to the owners. Hence, they remain largely excluded from the monetary benefits of a digital economy. The platform aims to shift Big Data's existing monopoly to a decentralized system that delivers value to customers. The system aims to allow users to seamlessly transact with others globally using their Digital Key(s) supported by a dynamic NFT.

The CIRUS token is the network's native currency. The token has three primary utilities:

  1. Authentication: Twenty-five CIRUS tokens are required to activate each Cirus device and its subsequent functions, such as node validation. The stakeholders and/or devices in a blockchain network are known as blockchain nodes, and they are responsible for keeping a copy of the distributed ledger and serving as communication hubs for various network operations.

  2. Remittance: The CIRUS token aims to serve as the settlement currency for data revenues. The token also aims to act as a means of value transfer on the Cirus Network.

  3. Bridge & Transactions: The token aims to bridge internal value creation and external payment systems. The platform charges a transaction fee, paid in CIRUS, on all trades on the ecosystem. Further, users need to pay a nominal fee while exchanging CIRUS for external tokens.

  4. Network Validation: Users who run a virtual data node or mine with the Cirus Device receive CIRUS as a reward.

History of Circus Foundation (CIRUS)

Daniel Bland, Samartha Nagabhushanam, and Michael Luckhoo cofounded the platform.

Bland is also the cofounder, co-CEO of Cubera International, Inc.

As a CEO/president in four public companies, Nagabhushanam has steered higher company value with his technology and business acumen.  

The whitepaper of Cirus Foundation: Empowering the Ownership Economy was released on June 9, 2021. The whitepaper mentions the maximum total supply of the CIRUS token as 250,000,000.

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What is the current price of Cirus Foundation?

The price of 1 Cirus Foundation currently costs $0.11.

What is the market cap of Cirus Foundation?

The current market cap of Cirus Foundation is $3.70M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Cirus Foundation?

The all-time high of Cirus Foundation is $1.27. This all-time high is highest price paid for Cirus Foundation since it was launched.

What is the 24 hour trading volume of Cirus Foundation?

Over the last 24 hours, the trading volume of Cirus Foundation is $650.97K.

What other assets are similar to Cirus Foundation?

Assets that have a similar market cap to Cirus Foundation include Deri Protocol, TiFi Token, CumRocket, and many others. To see a full list, see our comparable market cap assets.

How many Cirus Foundation are there?

The current circulating supply of Cirus Foundation is 34 million.