Nimiq Network
Browser-based Blockchain & Ecosystem — https://nimiq.com
World's first Browser-based Blockchain & Ecosystem
Token Sale starts in: Less than 8 Hours
The Token Sale starts June 28 ~1PM UTC and ends July 26 ~1PM UTC. The Token Sale ends early if either the Contribution or Creation Cap are reached. The exact time is determined from a particular block number in the Ethereum blockchain.
Creation Cap: 10'500'000 NET
Up to 10'500'000 NET (Nimiq Exchange Tokens) will be created in the token sale corresponding to 1'050'000 NIM (future Nimiq Mainnet Tokens) which account for ~25% of circulating supply after one year and 5% of total final supply after ~100 years. If the cap is reached, the crowdsale ends and no more transfers of ETH to the smart contract will be accepted.
Contribution Cap: 60’000 ETH
The Contribution Cap is 60'000 ETH for simplicity, transparency and security. If the cap is reached, the crowdsale ends and no more transfers of ETH to the smart contract will be accepted.
Creation Rate Until 07/12
1 ETH = 175 NET
This is the NET Creation Rate of the first two weeks. Contributors receive a 28.6% discount compared to the second two weeks. The exact time for the price change at week two is determined by reaching a particular block number in the Ethereum blockchain on July 12 around 1PM UTC.
Creation Rate 07/12-26
1 ETH = 125 NET
This is the NET Creation Rate of the second two weeks. The exact time for the price change at week two is determined by reaching a particular block number in the Ethereum blockchain on July 12 around 1PM UTC.
Exchange Rate: 10 NET = 1 NIM
The Nimiq Exchange Token (NET) is a standard ERC20 token on the Ethereum Blockchain issued by a smart contract. They can be exchanged to Nimiq (NIM) - the currency of the Nimiq Blockchain - at the exchange rate of 1 NIM = 10 NET before the Nimiq Mainnet launch. With that you can be part of Nimiq Mainnet from day one.
Final Nimiq Supply: 21 Million NIM
The future Nimiq Mainnet is designed for a total final supply of 21 Million NIM (modeled after Bitcoin), with the following distribution:
88% Miners Reward (issued over ~100 years)
5% Token Sale Contributors (no vesting, ~25% of circulating supply at year 1)
2.5% Long-term Foundation Endowment (10 year vesting)
2% Good Cause Partnerships and Sponsorships (10 year vesting)
1.5% Early Contributors (6 month vesting)
1% Creators (3 year vesting)
The Mainnet implementation may switch from using Proof-of-Work to Proof-of-Stake. In that case the total supply cap of 21 Million could be reduced. This would not reduce the amount of NIM held by Token Sale Contributors, so that it would be beneficial to Token Sale Contributors.