{"id":10230,"date":"2024-01-22T12:43:31","date_gmt":"2024-01-22T12:43:31","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=10230"},"modified":"2024-01-22T12:45:02","modified_gmt":"2024-01-22T12:45:02","slug":"what-is-the-nibiru-nibi-project-and-what-does-it-do","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/what-is-the-nibiru-nibi-project-and-what-does-it-do\/","title":{"rendered":"What is the Nibiru (NIBI) Project and What Does It Do?"},"content":{"rendered":"

Nibiru Chain is a 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 dApp<\/strong> development space. In addition, the project offers unlimited scalability<\/strong> and ease of leveraged transactions.<\/p>\n

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Interested: Frequently Asked Questions and Detailed Answers about CoinList!<\/span><\/strong><\/em><\/a><\/p>\n<\/blockquote>\n

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 Ethereum<\/strong>.<\/p>\n

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,<\/strong> NFT, gaming, 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>\n

Ecosystem and Supporters\u00a0<\/strong><\/p>\n

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

\"Ecosystem<\/p>\n

Nibiru Tokenomics and NIBI Token<\/span><\/h2>\n

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

Thanks to the 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>\n

The total token supply is 1,500,000,000 NIBI tokens.<\/p>\n

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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>clicking here<\/a><\/strong><\/span> before it’s too late.<\/em><\/p>\n<\/blockquote>\n

The token distribution is as follows:<\/p>\n

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  • Community (60%)<\/strong><\/li>\n
  • Team (21%)<\/strong><\/li>\n
  • Private (10.5%)<\/strong><\/li>\n
  • Seed sale (8.5%)<\/strong><\/li>\n<\/ul>\n

    \"Token<\/p>\n

    Roadmap<\/strong><\/p>\n

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

      \"The<\/p>\n

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      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<\/em><\/strong><\/span><\/a> for detailed information about the project.<\/p>\n