Upcoming IEO Details
UPDATE: The 20% Pre-Sale bonus has now been extended to include all purchases during the Public Sale! Get your tokens here.
As you know, we recently announced that leading crypto exchange Liquid will host nahmii’s upcoming IEO. Today, we can reveal the full details, including the price, dates and how you can take part in the first ever public sale of NII tokens. Read on to find out more.
Dates and Sale Phases
The nahmii IEO will take place in two phases, a Pre-Sale from 16th — 18th September and a Public Sale from 18th — 25th September. Both sales will begin and end at the same time: 10:00 UTC/12:00 CEST/19:00 JST.
To participate in the Pre-Sale, token buyers must have a minimum balance on Liquid equivalent to $2,000 USD. Any purchases made during the Pre-Sale will enjoy a 20% bonus, with the total number of tokens available capped at 60,000,000 NII.
For the Pre-Sale, the minimum purchase amount is 10,000 NII and there is no minimum purchase for the Public Sale.
UPDATE: The 20% Pre-Sale bonus has now been extended to include all purchases during the Public Sale!
Tokens are priced in USDC at a conversion rate of 1 USDC = 100 NII or 1 NII = 0.01 USDC, with a 20% bonus applied to all purchases.
Number of Tokens
There will be a total of 500,000,000 NII available to purchase during the Public Sale. This is equivalent to 5,000,000 USDC. Taken together with the 60,000,000 NII tokens available with a bonus for the Pre-Sale, the total amount of tokens for sale is 560,000,000 NII or 5,500,000 USDC (factoring in the 20% bonus for purchases made during the Pre-Sale).
The full details of the IEO, including how to register for the sale, can be found here.
About the NII Token
The nahmii protocol is a layer 2 scaling and interoperability for blockchain, which is currently live on Ethereum. By early 2020, nahmii will also be live on Bitcoin using RSK. This will allow nahmii to offer genuine interoperability between Bitcoin and Ethereum for the first time.
The nahmii protocol is tokenised and 98% of transaction fees generated by the protocol go to NII token holders (the remaining 2% is diverted into a number of security bonds which can also be claimed by token holders). There are a total of 120,000,000,000 NII tokens, the majority of which are currently held in a time-locked contract. Each month 1,000,000,000 NII tokens are released from the contract, with 80% of these tokens distributed through a monthly airdriip. More information about the airdriip is available here.
NII tokens play a key role in the security of nahmii. Only NII tokens are accepted for staking into nahmii’s innovative ‘Data Availability Oracle’, which monitors the protocol for potential Operator fraud. Token holders who participate in the Oracle can potentially gain substantial rewards for doing so.
All transactions within nahmii generate transaction fees, which can be claimed by token holders through a trustless on-chain process. The amount of fees accruing to token holders depends both on the size and duration of their holding; someone who holds 100 tokens for 50% of an accrual period will accrue half the portion of someone else who holds 100 tokens for 100% of the same accrual period. This is explained in more detail the recently updated nahmii White Paper.
A Great Opportunity
The nahmii IEO follows a string of high-profile recent announcements. After revealing our partnership with Liquid as part of the IEO, who will also list the NII token, we announced the first member of nahmii’s governing Foundation: NBX (Norwegian Block Exchange). Next, we shared the details of hubii’s upcoming blockchain event with Microsoft, NBX and StartupLab on 12th September in Oslo, where hubii will announce our partnership with Microsoft. You can register for the event through Microsoft’s portal here.
These recent announcements are just the tip of the iceberg in terms of what we have lined up. The hubii team believe that nahmii is the future of both blockchain scaling and interoperability; not only will our products solve the blockchain’s chronic scalability problems, they will also bridge the gap between the biggest blockchains to further encourage adoption.
Ultimately, the blockchain industry needs projects like nahmii; it is only through commercial adoption that blockchain will reach its full potential and nahmii is the key to making that happen.
Stay tuned over the coming weeks between now and the sale for more exciting announcements!
To finish, here’s a quick reminder of the most important links:
