Understanding NIM Tokenomics
Nim’s genesis supply and new issuance will primarily be devoted to two categories: the growth and incentivization of the NIM holder community, and AI builders. Gradually, more than half of the total supply will be allocated to these two causes via community-governed pools.
Nim’s economic vision is focused on two main aspects:
- Building the largest community of active token holders in crypto, who will act as users, gamers, AI owners, and data providers for NIM ecosystem applications.
- Becoming the largest funding source for web 2.0 open-source AI and serving as the bridge between crypto and web2 open-source AI builders, by onboarding these builders and becoming the innovation hub for AI crypto consumer apps.
How Nim community is empowered by our token design and roadmap?
As a NIM holder, you’re part of a flywheel effect. By staking NIM, you earn rewards, receive allocations, and gain AI model ownership. This cycle feeds itself, growing stronger with each rotation, enhancing your benefits as a stakeholder in the Nim ecosystem.
- Public NIM allocations: Multiple community allocations of NIM will be reserved for active community members.
- Projects allocations: Nim prioritizes the community. Therefore, we expect projects to align closely with our community to receive support from the ecosystem and foundation. This will require direct allocations to the community.
- AI ownership: The economic backbone of Nim will be AI ownership. This means the community will own access to specific AI models and the revenue from the fee usage pool. By becoming a Nim token holder and staking, users will be eligible to receive token ownership over these models. We are working to create a unique economic framework for AI ownership, known as the initial model offering (IMO).
- Staking: By staking NIM, you will automatically receive staking rewards.
Red pill web2 open source AI builders with RETRO PAF
Open-source AI is a rapidly evolving field, teeming with innovative creators and developers from around the world building transformative technology. However, they often lack the means to monetize their efforts and a clear economic framework. We believe that creating substantial on-chain AI experiences requires a dedicated community of AI builders. We see Nim as the optimal platform for these builders to interact with users and distribute ownership easily.
We are developing the RETRO PAF — RETROACTIVE PUBLIC AI FUNDING
This program is dedicated to onboarding new AI builders to build within the crypto space, specifically on Nim. Our target audience includes model creators, open-source AI projects, and dataset creators. By combining the raw talent of numerous capable web2 AI builders with a strong economic framework and crypto builders, we aim to push the space forward.
NIM Issuance and Distribution
The issuance rate of NIM tokens is set at an annual rate of 4%.
Half of the new NIM issuance will be distributed as staking rewards.
The remaining half will be locked in a community-governed pool.
Circulating supply at TGE will be ~18%