As a seasoned researcher with a decade-long career in the blockchain industry, I find Nimiq’s pre-staking campaign nothing short of intriguing.
Berlin, Germany, October 7th, 2024, Chainwire
Nimiq, a blockchain platform for Layer-1 payments, has unveiled a pre-staking campaign for $NIM holders as they move closer to their anticipated shift towards Proof-of-Stake (PoS) consensus. This move not only grants significant benefits to early adopters but also sets the stage for the network’s evolution into a more energy-efficient and decentralized PoS system.
Nimiq is planning to switch its consensus mechanism from Proof-of-Work (PoW) to Proof-of-Stake (PoS). A crucial step in this transition is pre-staking, as the smooth migration relies heavily on maximizing the total amount of $NIM tokens that are pre-staked and spreading it out among a large number of validators. The Pre-Staking Rewards program encourages all Nimiq owners to pre-stake their tokens, thereby fostering a more decentralized Nimiq network.
Contestants can enhance their opportunity to earn extra incentives by fine-tuning their pre-staking approach using several enhancers: starting early for a time-related advantage, selecting a less popular validator to foster fairness among all validators, and boosting their position in the Nimiq Space by accomplishing Nimiq missions.
To participate in Nimiq’s pre-staking program, simply log into the specially designed campaign dashboard. Within this platform, you will be able to register for the pre-staking initiative and specify the Nimiq account address that you plan to employ for pre-staking. For additional information, please refer to the announcement on Nimiq’s blog post.
As an ecosystem developer working with Nimiq, I’m thrilled to announce that our long-awaited transition to Proof-of-Stake has finally arrived. This monumental shift signifies a fresh start for the project and brings about a host of exciting changes. Primarily, it significantly decreases the blockchain’s energy footprint, making it more environmentally friendly. However, the most significant impact is felt in the realm of transactions – with the migration complete, we can anticipate near-instant confirmations, greatly improving the overall user experience when it comes to payments. As we move forward, our focus will be on bolstering Nimiq’s global adoption, ultimately making NIM a universally accepted cryptocurrency that leads the pack on planet Earth.
The pre-staking initiative will operate from October 7 to November 10. During this period, participants can earn rewards that they can claim directly through the pre-staking interface. Not only will participants have a chance to win $NIM pre-staking rewards, but those who join the campaign early will also be eligible for a special bonus giveaway intended for our community members. The lucky winners of this giveaway, chosen at random over three rounds, will receive extra $NIM rewards, making a total of 200 million NIM allocated for pre-staking incentives and bonuses.
By encouraging high engagement in its pre-staking initiative, Nimiq aims to prepare its network effectively for the upcoming activation phase and the transition to Proof of Stake, scheduled for November 19th.
About Nimiq
As an analyst, I’d rephrase the given text as follows:
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The Pre-staking Reward and Bonus campaign has certain limitations. Regrettably, individuals who are citizens of the United States or permanent residents (Green Card holders), along with those residing in nations subject to U.S. trade restrictions or sanctions as identified by the Office of Foreign Assets Control (OFAC) within the U.S. Department of the Treasury, are not qualified to join.
Nimiq has the authority to confirm participants’ eligibility, taking into account factors like residency status. If someone offers false information, they may be disqualified. Also, any attempts to unfairly manipulate the system or utilize banned resources will lead to exclusion from the project. The campaign could experience modifications, pauses, or termination due to unexpected events, such as outside interference by unauthorized parties or technical glitches. Employees of Nimiq, the Nimiq Foundation, ImpactX Charity, and related organizations are prohibited from participating.
Contact
Dasi Kaplan
pr@marketacross.com
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2024-10-07 19:48