Nimiq
NIM
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Nimiq Info
Nimiq Intro
Nimiq is designed to make cryptocurrencies easy to use for everyone without compromising decentralization. Nimiq is the only blockchain where users always participate directly by default. In comparison to the likes of Bitcoin and Ethereum where the default is to use a third-party node to connect to the network. Learn more: https://nim.link/30x
Team Nimiq invented Nimiq OASIS, the DeFi crypto-fiat bridge! Atomic swaps between crypto like NIM and BTC (ETH coming soon) and fiat currencies like EUR (USD next) with no personal information are now possible. Earned swap fees are converted to NIM and held to create scarcity. See how it works: https://nim.link/3w7
Nimiq created Albatross, a new, super fast Proof-of-Stake consensus algorithm that will launch in 2021 with Nimiq 2.0, the next version of the Nimiq Blockchain. We expect ~1000 TPS and finality in one second, pushing Nimiq 2.0 to the theoretical limits of single chain blockchain protocols. Energy consumption will also be reduced to less than 1% (compared to current Nimiq POW) with this upgrade. Try out the demo: https://nim.link/rub
Nimiq’s “super-halving” coming soon! The transition to Nimiq 2.0 will reduce the emission rate from currently ~3000 NIM to only ~525 NIM per minute. Calculate your rewards using the Staking Calculator: https://nim.link/d58
Join the friendly Nimiq Community to ask questions and learn more: https://nim.link/crv
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Nimiq Token allocation
Q&A about Nimiq Tokenomics
Explore the tokenomics of Nimiq(NIM) and review the project details below.
What is the allocation for Nimiq(NIM)?
The Nimiq Network has been designed for a total supply of 21 Billion NIM. The smallest unit of NIM is called Luna and 100’000 (1e5) Luna equal 1 NIM, which results in a total supply of 21e14 Luna, identical to Bitcoin’s 21e14 Satoshi. The NIM are distributed as follows:
- 88% Validators Reward (mined over ~100 years)
- 5% Token Sale Contributors
- 2.5% Long-Term Project Endowment Foundation (10-year vesting)
- 2% Good Cause Partnerships and Sponsorships (10-year vesting)
- 1.5% Early Contributors (6-month vesting)
- 1% Creators (3-year vesting)
When launching the Mainnet on April 14, 2018, the first 721 blocks totalling 3’176’435.57 NIM (0.00015% of the total final supply) had been mined and burned to NQ07 0000 0000 0000 0000 0000 0000 0000 0000* Footnote: A burn address is a valid address in the Nimiq Blockchain, but the private key needed to move funds is unknown. It is not possible for anybody, including Team Nimiq, to use funds once they have been sent to a burn address.. This was done to prevent several problems associated with a low difficulty in the network, such as multiple chain forks, orphaned blocks, and possible malicious attacks. The NIM were burned so as not to adversely distort the NIM stakeholder distribution.
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