What is the Nibiru (NIBI) Project? What is it for?

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29 Jan 2024

Nibiru Chain is a Layer-1 blockchain that aims at a user-friendly smart contract ecosystem and contributes to the development of Web3 technologies. Nibiru also has a serious ecosystem in the field of dApp development. Additionally, the project offers unlimited scalability and ease of leveraged transactions.

You may be interested in: Frequently Asked Questions and Detailed Answers About CoinList!

Unlimited scalability: Nibiru provides users with safer and easier exchange thanks to Web Assembly smart contracts from all network attacks occurring on Ethereum.

For approximately the last 2 years, the Nibiru project has interacted with users in many sectors. It also provides application opportunity to users who want to become developers and create applications. DeF i, NFT, gaming, RWA (real world assets) and bridge transactions are some of them. Projects developed in these sectors can also be compatible with other token and coin projects.

Ecosystem and Supporters

Nibiru Project has partnerships with many advanced projects such as Avalanche , Axelar, Poygon, Ethereum . In addition, there are many investors such as Tribe Capital, Hashkey Group, Evo Invest among its supporters.

Nibiru Tokenomics and NIBI Token

Nibiru Chain native token is NIBI. Users staking with this token will be able to support the Proof-Of-Stake (PoS) mechanism by directly participating in the network. In addition, NIBI token will also be used for the security of the network and the gas fee for blocks created in the chain.
Thanks to the Giant Gas Royalty Mechanism in NIBI token , users can automatically get back half of the ETH spent on platforms such as Uniswap or Aave. In this way, sustainability is ensured.
The total token supply is 1,500,000,000 NIBI tokens.

The token has not yet been released and will be pre-sold on the Coinlist exchange on February 1, 2024 at 6 pm UTC. Registration closes about a week later, on January 29th. You can take your place before it's too late by clicking here .

Token distribution is as follows:

Community (60%)
Team (21%)
Special (10.5)
Seed sales (8.5%)

Road map

EVM support: In 2024, the EVM addition and subtraction problem will be solved with EVM support. It will also make Ethermint compliant with ABCI++.
IBC middleware: It will be easier for developers to create extensions by offering different modules.
Automatic Liquidation Protocol (ALP): Thanks to this protocol, Nibiru creates new liquidations and handles transactions without the need for external liquidators.
Nibi-Swap and NUSD Stablecoin: Nibi-Swap is Nibiru's decentralized spot exchange. According to the road map, they announced that they will also release NUSD Stablecoin.

Our video, which includes the details of participation in the pre-sale of the Nibiru project, which will be pre-sold via Coinlist, is available on our channel. You can visit our channel for detailed information about the project .