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A liposome based nanosensor Lipo-1 for efficient detection of copper, cyanide (CN-) and ATP in a pure aqueous medium has been described. Lipo-1 shows a fluorescence ON-OFF response with copper. However, Lipo-1.Cu (Lipo-1 and copper ensemble) was used for the OFF-ON detection of ATP with nM and CN- with μM detection levels, lower than the WHO permissible level for safe drinking. Lipo-1 has better and enhanced binding properties over the counter organic amphiphilic compound Bzimpy-LC, which is not soluble in water. The significant changes