Nibiru Chain’s NIBI token skyrockets to $1.4 billion market cap after mainnet launch

Nibiru Chain’s NIBI token skyrockets to $1.4 billion market cap after mainnet launch - Industry News - News

Introducing Nibiru Chain: A Groundbreaking Layer 1 Blockchain Platform

Nibiru Chain, a newly emerged player in the Layer 1 blockchain landscape, made its grand entrance on March 12. The project was met with an impressive response as its native token, NIBI, experienced a staggering surge of 85% within the first five hours of its launch. This impressive rise peaked at an astounding $0.96 per token. As of now, the value of NIBI hovers around $0.83, according to the latest data from CoinGecko. With over 80 million tokens already in circulation, Nibiru Chain boasts a fully diluted market valuation surpassing $1.4 billion. (Learn more about Nibiru Chain in this document)

An Ingenious Solution for Developing High-Performance dApps

Nibiru Chain presents itself as a trailblazing Layer 1 blockchain and smart contract platform. The project is dedicated to enabling the creation of high-performance decentralized applications (dApps), thereby contributing significantly to the wider adoption of Web3 technologies. Its mission is twofold: simplifying dApp development and enhancing infrastructure.

Listing on Major Exchanges

As per Nibiru Chain’s roadmap, the NIBI token is slated for listing on several prominent exchanges. These include, Kucoin, Mexc, and Bybit. (Explore more about Bybit here)

Token Utility and Community Engagement

In the Nibiru Chain ecosystem, the NIBI token functions as both a staking and utility token. It is integral to several key components of the network such as Proof-of-Stake consensus mechanism, decentralized governance processes, and computation payment systems.

Rewarding Stakers and Validators

Participants can earn rewards by staking or delegating NIBI tokens to validator operators. This active involvement in network security and consensus achievement not only fosters a sense of community but also ensures the long-term stability of the ecosystem.

Community-Focused Initiatives

A substantial portion of the NIBI token supply is set aside for community-oriented initiatives, which include staking rewards, project development, liquidity support, and ecosystem grants. These measures aim to promote engagement and maintain a thriving community within the Nibiru Chain ecosystem.