The deployment of hubii’s revolutionary Ethereum scaling solution, nahmii, reached a major milestone this week as the first smart contracts were deployed the public mainnet. As we move into the holiday season, the hubii team wanted to finish the year with a short update to let you know how we are progressing, what we have already achieved and the next steps in the process.
First, let’s start with the progress report. Some, but not all, of nahmii’s smart contracts were deployed to the Ethereum mainnet this week. These contracts included the ‘time lock’ contract, which holds all of the NII tokens for future airdriips, and — most importantly — the ‘client fund’ contract. The client fund is where user funds deposited to within nahmii and the client fund contract effectively controls how nahmii works. This contract was the largest and most difficult of the nahmii contracts to deploy to mainnet, coming in at around 6.5 million gas. We understand that the community are keen to use nahmii as soon as possible, but we ask that you please do not try to deposit any funds into the client fund contract at this stage.
The next steps in the deployment process are to wire up the backend, test deposits and payments then process the first airdriip through nahmii. In preparation for the second airdriip, which was scheduled to happen on or just after 1st January, we will publish the calculations showing eligible addresses and allocations on 2nd January. We anticipate that the first and second airdriips will take place together, which should happen live on nahmii in the first two weeks of January.
The final stage of nahmii’s deployment relates to settlements and withdrawals. As stated previously, withdrawals from the protocol will be disabled during the ‘public beta’ following deployment. Settlements and withdrawals are expected to be available in February 2019, at which point nahmii will be fully functional.
In the meantime, you can expect the next update from the hubii team at the start of January including the second airdriip calculations. 2018 has been a banner year for hubii and we have finished on a real high — with our HitBTC listing, investment from Pecunio and first nahmii contracts on the mainnet. Next year promises to be even better, so — as always — stay tuned for more updates.