What is Nibiru chain (NIBI)?

Nibiru Chain (NIBI) is a blockchain platform that aims to revolutionize the gaming industry by providing a decentralized ecosystem for gamers, developers, and content creators. By utilizing blockchain technology, Nibiru Chain offers transparency, security, and fair distribution of rewards to its users. 

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Let's delve deeper into Nibiru Chain with this article

What is Nibiru chain?

Nibiru Chain is a proof-of-stake blockchain that aims to establish a universal Web3 hub, bringing together user-friendly features and the power of Cosmos SDK and Tendermint Core consensus. With its interoperability via Inter-Blockchain Communication (IBC), Nibiru Chain allows seamless communication with other blockchains, making it a promising player in the web3 ecosystem.

Key Features of Nibiru Chain

  1. Proof of Stake Blockchain: Nibiru Chain is a proof of stake blockchain that allows users to stake their tokens and participate in the consensus process.
  2. Inter-Blockchain Communication (IBC): Nibiru Chain can communicate with other blockchains through IBC, enabling interoperability and data sharing between different networks.
  3. Searchable Index of Blockchain Data: Nibiru Chain provides a searchable index of blockchain data, allowing Web3 projects to track user behavior, monitor network activity, and make data-driven decisions.
  4. Robust Oracle Module: Nibiru Chain has a robust Oracle Module that securely brings real-world data onto the blockchain, enabling smart contracts to execute based on external inputs.
  5. Improved Incentive Model: Nibiru Chain proposes an improved incentive model that ties rewards to the time-weighted Total Value Locked (TVL) in smart contracts, ensuring alignment with the ecosystem's growth and reducing the potential for manipulation.
  6. Fast Block Times and High Transaction Throughput: Nibiru Chain has fast block times of approximately 1.4 seconds and the capacity for high transaction throughput, potentially exceeding 40,000 transactions per second.

Nibiru Ecosystem: Featured dApps

Looking to integrate decentralized finance (DeFi) solutions into your business? Look no further than Nibiru Chain. With its robust infrastructure and advanced technology, Nibiru Chain offers a range of applications for industries looking to streamline operations and harness the power of blockchain technology.

  1. Decentralized Exchanges: Nibiru Chain offers Nibi-Perps, a decentralized exchange (DEX) for perpetual futures trading with reduced latency and market imbalance solutions.
  2. Oracle Solutions: The Nibiru Oracle Module provides reliable and fast oracle solutions for indexing prices, ensuring accurate pricing, and aligning incentives among validators and oracle nodes.
  3. Automated Market Maker (AMM): Nibiru Chain features Nibi-Swap, an AMM protocol for spot trading, allowing users to access swaps for multichain assets and utilize liquidity pools.
  4. Stablecoin and Yield Generation: Nibiru Chain's native stablecoin, NUSD, serves as a capital-efficient medium for swaps and offers advanced tools for consistent yield generation and cross-exchange arbitrage.
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What Is the NIBI Token?

NIBI Token is the utility token for the Nibiru blockchain, a user-friendly smart contract ecosystem with unparalleled security and superior throughput. Nibiru aims to usher in the next era of money by leveraging features such as staking and real-world assets coded estate.

Total Token Supply: 1,500,000,000 NIBI

Tokenomics of NIBI Token

Nibiru will have a fully diluted token supply of 1.5B tokens

9439b5cc4609c5549a3894ffc63b499f49c09f2467648675c6fdbecfed39d143
Split (%)GroupDescriptionSchedule
60CommunityStakers, Development grants, hackathons, liquidity provision, partnerships, and general community governanceNon-linear schedule based on a normalized exponential function.
15.3Core Contributors / TeamCore team, strategic advisors, and future hires.Subject to employee token options. 0% TGE, vesting linearly.
8.5Investors (Seed)Seed funding round in 2022 (opens new window)co-led by Tribe Capital, Republic Capital, NGC Ventures, and Original Capital.0% TGE. Cliff for 25% at month 9, followed by linear vest for the other 75% over 36 months.
8.2Investors (Post-seed)For partners and private investors. Excess from this category would remain in strategic reserve.0% TGE. Mixture of 24-month and 36-month linear unlocks.
8.0Public Sale (CoinList)Community Sale on CoinList.10% unlocked at launch. Linear vest for the other 90% over 12 months.
Last Updated: Jan 28, 2024.

Nibiru Chain Roadmap

Discover the future of decentralized finance with the Nibiru Chain Roadmap. This roadmap outlines the development stages and key milestones for the Nibiru Chain project, a platform that aims to revolutionize the way we interact with digital assets and blockchain technology. Join us on this journey towards a more secure and transparent financial ecosystem. 

The Future of Nibiru Chain

Nibiru Chain presents a future of superior throughput and unparalleled security as a breakthrough Layer 1 blockchain and smart contract ecosystem. Developers have begun building on Nibiru across sectors, taking advantage of its developer-friendly and user-friendly smart contracts, decentralized oracles, and instant finality. With low gas fees, web3 adoption, and the potential for airdrops, Nibiru Chain is poised to become a leading platform for staking and utility token holders.

Nibiru Chain acts as a permission-less smart contract platform, offering a utility token for the blockchain that provides benefits such as smart contract royalties and an oracle module for secure data feeds. The blockchain's finality, paired with its developer-friendly environment, makes it an attractive option for those looking to build innovative solutions within the Nibiru ecosystem.

Conclusion

Nibiru chain is a breakthrough l1 blockchain and smart contract platform in web3 that allows developers to build on-chain cryptocurrency projects. Nibiru acts as a permission-less platform for developers, with features like automated market maker protocol, perpetual futures exchange, and staking. 

The Nibiru team recently launched a development fund, securing millions in funding to support dozens of development projects across its ecosystem.

We will update information from the Nibiru ecosystem in the next articles.

https://coinbold.io/what-is-nibiru-chain-nibi/

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