Nimiq (NIM)
Rank #1343
Market snapshot
- Price
- N/A
- Market cap
- N/A
- 24h volume
- N/A
- Circulating supply
- N/A
- Total supply
- N/A
- Max supply
- N/A
What is Nimiq?
Nimiq is building a self-custodial, non-discriminatory, easily usable, secure, cheap, eco-friendly, and collaborative decentralized financial ecosystem. This includes a digital currency, fast payments, cheap remittances, and passive income available to everyone.
How Nimiq works
Users are able to generate NIM through the process of mining. Nimiq operates as a decentralized payment system built on a unique blockchain. It provides an instant, zero-fee alternative to fiat money, with applications designed to be easy to use and accessible to everyone.
Key information
- Symbol
- NIM
- CMC rank
- #1343
- Network / platforms
- N/A
- Categories
- Mineable
- Date added
- Jul 10, 2018
Key characteristics
Nimiq is categorized as mineable and layer-1 by CoinMarketCap. It features an open-source design, allowing anyone to participate in its ecosystem. The applications are designed to be intuitive and free of technical jargon.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and the destination details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Nimiq?
- Nimiq (NIM) is a mineable cryptocurrency designed to create a self-custodial, non-discriminatory, and easily usable financial ecosystem.
- How does Nimiq work?
- Nimiq operates as a decentralized payment system built on a unique blockchain, allowing users to generate NIM through mining.
- What are the key features of Nimiq?
- Nimiq is categorized as mineable and layer-1. It features an open-source design and applications that are easy to use and accessible.
- What are the risks associated with using Nimiq?
- Digital asset prices can be volatile. Users should verify addresses and networks before transfers, and understand the risks of self-custody.
- How can I safely acquire Nimiq?
- Verify the asset name, network, and destination details before transferring. Understand that transfers may be irreversible.
- Where can I find official resources for Nimiq?
- You can find official resources on the Nimiq website, GitHub, and various blockchain explorers.
Related cryptocurrencies
Listed from stored network and category relationships, not a similarity score.
