Assetera’s portfolio appeals to retail, professional, and institutional clients comprising fund units, money market instruments, transferable securities, and derivatives. Using atomic swaps, it will move stablecoins over the Polygon network for perfect buying, clearing, and settlement. Absolving human participation, the 24/7 trading approach ensures continuous market availability.

Stressing the platform’s promise to transform liquidity and access in asset trading, CEO Thomas Labenbacher said, “The Polygon Proof-of- Stake mechanism guarantees that we can scale this revolutionary platform sustainably without compromising security or regulatory compliance.”

Assetera offers custodial and non-custodial wallets including bank-managed wallets and has teamed with Sumsub, Chainalysis, and Fireblocks for robust anti-money laundering safeguards. Under a virtual asset service provider (VASP) license and a complete Markets in Financial Instruments Directive 2018 (MiFID II) license, the platform guarantees its digital assets are managed as financial instruments.

MiFID II is still the pillar for identifying financial products across many countries even when European regulatory systems evolve with Markets in Crypto-Assets (MiCA) rules. In July particularly, the European Securities and Markets Authority (ESMA) aimed to work with other financial authorities in order to enhance crypto asset classification.

MiCA laws on stablecoins—which take effect on July 1—have already started to shape the market as compliant alternatives develop and noncompliant stablecoin sales are outlawed in Europe. Assetera’s first on Polygon matches this legislative shift and creates the avenue for innovative, legal financial solutions in the growing European digital asset sector.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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Interested: Frequently Asked Questions and Detailed Answers about CoinList!

Unlimited scalability: Nibiru provides users with safer and easier swaps thanks to Web Assembly smart contracts, which protect users from all network attacks that occur on Ethereum.

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. DeFi, 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 

The Nibiru Project has partnerships with many advanced projects such as Avalanche, Axelar, Polygon, and Ethereum. Also, the project made partnerships with investors. Some of them are Tribe Capital, Hashkey Group, and Evo Invest.

Nibiru Tokenomics and NIBI Token

The native token of Nibiru Chain is NIBI. With this token, users who stake can directly participate in the network and support the Proof-Of-Stake (PoS) mechanism. In addition, the NIBI token will also be used as the gas fee for the security of the network and the blocks created in the chain.

Thanks to the Dev Gas Royalty Mechanism in the NIBI token, users can automatically recover half of the ETH spent on platforms such as Uniswap or Aave. This ensures sustainability.

The total token supply is 1,500,000,000 NIBI tokens.

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 clicking here before it’s too late.

The token distribution is as follows:

• Community (60%)
• Team (21%)
• Private (10.5%)
• Seed sale (8.5%)

Roadmap

• EVM support: In 2024, EVM support will solve the EVM gas problem. It will also make Ethermint compatible with ABCI++.
• IBC middleware software: Developers will be able to create extensions more easily by providing different modules.
• Automatic Liquidation Protocol (ALP): Nibiru handles transactions by creating new liquidations without the need for external liquidators through this protocol.
• Nibi-Swap and NUSD Stablecoin: Nibi-Swap is Nibiru’s decentralized spot exchange. According to their roadmap, they have announced that they will also release the NUSD Stablecoin.

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 Coin Engineer YouTube channel for detailed information about the project.

The post What is the Nibiru (NIBI) Project and What Does It Do? appeared first on Coin Engineer.