Nimiq: Past, Present & Future
Since Mainnet launch, we have been monitoring and maintaining the network as its combined hashing power grew to more than 700 MH/s (with peaks close to 1 GH/s). Our community has been very active and already developed a first couple of Nimiq-based applications like poolwatch and nimipet. We encourage them to continue doing so and appreciate it enormously.
Most importantly, the team has been taking time to assess and investigate the most sensible next steps and strategy to move forward. This strategy is focused on and aligned with the Nimiq core values:
- Usability: easy to use for everyone
- Censorship resistance: on the level of Bitcoin
- Web-based: directly usable from your browser, based on nano clients with balance-proofs and transaction broadcasting
- User Experience: fun to use for technical and non-technical users
- Scalability: ability to compete with large payment providers
As part of these values we identified the following key tasks:
- Grow number of Nimiq Exchange Listings
- Pursue targeted Marketing Efforts
- Optimize Network Performance
- Evolve the Nimiq Ecosystem
- Investigate Upgrades and Research
We plan on releasing a series of shorter but more frequent posts providing insight for each of these tasks. In addition, we are planning a post regarding operational transparency (status of use of funds, foundations et al.). To kick the series off, we cover the first topic here:
Listings have become a competitive market in themselves due to the explosive growth of token projects. As mentioned before, since NIM are not just another ERC20 token a custom integration effort is required from each exchange to proceed with the listing. We make every effort to support such integration and cover any cost of such efforts and fees in order to move this process forward.
As made public last week, we are excited to report that TradeSatoshi moved the fastest and has been the first exchange to make NIM tradable. Users can now easily buy and sell NIM using BTC, LTC, BCH, and USDT.
In addition we are in ongoing discussions and at differing stages of integration with other exchanges including one of the bigger ones. We are working with a number of counsels to fulfill additional requirements for listings (i.e. legal opinions on the type of token) and on steadily making steps forward towards increasing the number of listings and size of exchanges.
DISCLAIMER: None of the statements must be viewed as an endorsement or recommendation for Nimiq, any cryptocurrency, or investment product. Neither the information, nor any opinion contained herein constitutes a solicitation or offer by the creators or participants to buy or sell any securities or other financial instruments or provide any investment advice or service.