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	<title>Nibiru (NIBI) Archives - Coin Engineer</title>
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	<title>Nibiru (NIBI) Archives - Coin Engineer</title>
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		<title>What is the Nibiru (NIBI) Project and What Does It Do?</title>
		<link>https://coinengineer.net/blog/what-is-the-nibiru-nibi-project-and-what-does-it-do/</link>
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		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Mon, 22 Jan 2024 12:43:31 +0000</pubDate>
				<category><![CDATA[Altcoin Projects]]></category>
		<category><![CDATA[Project review]]></category>
		<category><![CDATA[blockchain]]></category>
		<category><![CDATA[DeFi]]></category>
		<category><![CDATA[gaming]]></category>
		<category><![CDATA[layer 1]]></category>
		<category><![CDATA[nft]]></category>
		<category><![CDATA[Nibiru (NIBI)]]></category>
		<category><![CDATA[RWA (real-world assets)]]></category>
		<category><![CDATA[web3]]></category>
		<guid isPermaLink="false">https://coinengineer.io/blog/?p=10230</guid>

					<description><![CDATA[<p>Nibiru Chain is a Layer-1 blockchain that aims to provide a user-friendly smart contract ecosystem and contribute to the development of Web3 technologies. Nibiru also has a strong ecosystem in the dApp development space. In addition, the project offers unlimited scalability and ease of leveraged transactions. Interested: Frequently Asked Questions and Detailed Answers about CoinList!</p>
<p>The post <a href="https://coinengineer.net/blog/what-is-the-nibiru-nibi-project-and-what-does-it-do/">What is the Nibiru (NIBI) Project and What Does It Do?</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p data-sourcepos="3:1-3:310">Nibiru Chain is a<strong> Layer-1</strong> blockchain that aims to provide a user-friendly smart contract ecosystem and contribute to the development of Web3 technologies. Nibiru also has a strong ecosystem in the <strong>dApp</strong> development space. In addition, the project offers unlimited <strong>scalability</strong> and ease of leveraged transactions.</p>
<blockquote>
<p data-sourcepos="5:1-5:79">Interested:<a href="https://coinengineer.net/blog/coinlist-frequently-asked-questions-and-detailed-answers/" target="_blank" rel="noopener"><em><strong><span style="text-decoration: underline;"> Frequently Asked Questions and Detailed Answers about CoinList!</span></strong></em></a></p>
</blockquote>
<p data-sourcepos="7:1-7:185"><strong>Unlimited scalability:</strong> Nibiru provides users with safer and easier swaps thanks to Web Assembly smart contracts, which protect users from all network attacks that occur on<strong> Ethereum</strong>.</p>
<p data-sourcepos="9:1-9:360">For the past 2 years, the Nibiru project has interacted with users in many sectors. It also provides opportunities for users who want to become developers and create applications. <strong>DeFi,</strong> NFT, gaming, <strong>RWA</strong> (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.</p>
<p data-sourcepos="11:1-11:28"><strong>Ecosystem and Supporters </strong></p>
<p data-sourcepos="13:1-13:204">The Nibiru Project has partnerships with many advanced projects such as Avalanche, <strong>Axelar</strong>, Polygon, and <strong>Ethereum</strong>. Also, the project made partnerships with investors. Some of them are <strong>Tribe Capital,</strong> Hashkey Group, and<strong> Evo Invest</strong>.</p>
<p data-sourcepos="13:1-13:204"><img fetchpriority="high" decoding="async" class="size-full wp-image-10232 aligncenter" src="https://coinengineer.net/blog/wp-content/uploads/2024/01/Ecosystem-and-Supporters-.png" alt="Ecosystem and Supporters " width="1024" height="576" srcset="https://coinengineer.net/blog/wp-content/uploads/2024/01/Ecosystem-and-Supporters-.png 1024w, https://coinengineer.net/blog/wp-content/uploads/2024/01/Ecosystem-and-Supporters--300x169.png 300w, https://coinengineer.net/blog/wp-content/uploads/2024/01/Ecosystem-and-Supporters--768x432.png 768w" sizes="(max-width: 1024px) 100vw, 1024px" /></p>
<h2 data-sourcepos="15:1-15:36"><span style="font-size: 75%;">Nibiru Tokenomics and NIBI Token</span></h2>
<p data-sourcepos="17:1-17:292">The native token of Nibiru Chain is <strong>NIBI</strong>. With this token, users who stake can directly participate in the <strong>network</strong> and support the <strong>Proof-Of-Stake (PoS</strong>) mechanism. In addition, the NIBI token will also be used as the gas fee for the security of the<strong> network</strong> and the blocks created in the chain.</p>
<p data-sourcepos="19:1-19:179">Thanks to the <strong>Dev Gas Royalty Mechanism</strong> in the NIBI token, users can automatically recover half of the ETH spent on platforms such as Uniswap or Aave. This ensures sustainability.</p>
<p data-sourcepos="21:1-21:52">The total token supply is 1,500,000,000 NIBI tokens.</p>
<blockquote>
<p data-sourcepos="23:1-23:247"><em>The token has not yet been released and will be available for pre-sale on the Coinlist exchange on February 1, 2024 at 6 p.m. UTC. Registrations close on January 29, about a week later. You can get your place by </em><span style="text-decoration: underline;"><strong><a href="https://coinlist.co/nibiru-community-sale" target="_blank" rel="noopener">clicking here</a></strong></span><em> before it&#8217;s too late.</em></p>
</blockquote>
<p data-sourcepos="25:1-25:37">The token distribution is as follows:</p>
<ul data-sourcepos="27:1-31:0">
<li data-sourcepos="27:1-27:17">Community <strong>(60%)</strong></li>
<li data-sourcepos="28:1-28:12">Team <strong>(21%)</strong></li>
<li data-sourcepos="29:1-29:17">Private <strong>(10.5%)</strong></li>
<li data-sourcepos="30:1-31:0">Seed sale <strong>(8.5%)</strong></li>
</ul>
<p><img decoding="async" class="size-full wp-image-10233 aligncenter" src="https://coinengineer.net/blog/wp-content/uploads/2024/01/Token-distribution.png" alt="Token distribution" width="1024" height="661" srcset="https://coinengineer.net/blog/wp-content/uploads/2024/01/Token-distribution.png 1024w, https://coinengineer.net/blog/wp-content/uploads/2024/01/Token-distribution-300x194.png 300w, https://coinengineer.net/blog/wp-content/uploads/2024/01/Token-distribution-768x496.png 768w" sizes="(max-width: 1024px) 100vw, 1024px" /></p>
<p data-sourcepos="32:1-32:11"><strong>Roadmap</strong></p>
<ul data-sourcepos="34:1-38:0">
<li data-sourcepos="34:1-34:119"><strong>EVM support:</strong> In 2024, EVM support will solve the EVM gas problem. It will also make Ethermint compatible with ABCI++.</li>
<li data-sourcepos="35:1-35:115"><strong>IBC middleware software:</strong> Developers will be able to create extensions more easily by providing different modules.</li>
<li data-sourcepos="36:1-36:161"><strong>Automatic Liquidation Protocol (ALP):</strong> Nibiru handles transactions by creating new liquidations without the need for external liquidators through this protocol.</li>
<li data-sourcepos="37:1-38:0"><strong>Nibi-Swap and NUSD Stablecoin:</strong> Nibi-Swap is Nibiru&#8217;s decentralized spot exchange. According to their roadmap, they have announced that they will also release the NUSD Stablecoin.</li>
</ul>
<p><img decoding="async" class=" wp-image-10234 aligncenter" src="https://coinengineer.net/blog/wp-content/uploads/2024/01/Roadmap-of-Nibiru-NIBI.png" alt="The Roadmap of Nibiru (NIBI)" width="826" height="465" srcset="https://coinengineer.net/blog/wp-content/uploads/2024/01/Roadmap-of-Nibiru-NIBI.png 768w, https://coinengineer.net/blog/wp-content/uploads/2024/01/Roadmap-of-Nibiru-NIBI-300x169.png 300w" sizes="(max-width: 826px) 100vw, 826px" /></p>
<hr />
<p data-sourcepos="39:1-39:234">Our video, which includes details on how to participate in the pre-sale of the Nibiru project, which will be pre-sold through Coinlist, is available on our channel. You can visit our <a href="https://www.youtube.com/@CoinEngineer" target="_blank" rel="noopener"><span style="text-decoration: underline;"><strong><em>Coin Engineer YouTube channel</em></strong></span></a> for detailed information about the project.</p>
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<p><em>Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on <a href="https://t.me/coinengineernews" target="_blank" rel="noreferrer noopener"><strong>Telegram</strong></a>, <a href="https://www.youtube.com/@CoinEngineer" target="_blank" rel="noreferrer noopener"><strong>YouTube</strong></a> and <a href="https://twitter.com/coinengineers"><strong>Twitter</strong></a> for the latest news and updates.</em></p>
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<p>The post <a href="https://coinengineer.net/blog/what-is-the-nibiru-nibi-project-and-what-does-it-do/">What is the Nibiru (NIBI) Project and What Does It Do?</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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