Nibiru Chain’s Token Price Up 2200% Following Mainnet Launch

Mar 12, 2024

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Shortly after Nibiru Chain’s Layer 1 blockchain launched, its native token, NIBI, experienced an 2200 % surge in value, with its price soaring to approximately $2.12 per token within five hours, according to CoinGecko With over 80 million tokens currently in circulation, the fully diluted market cap of NIBI now exceeds $1.4 billion.

Nibiru Chain, a Layer 1 blockchain, officially launched its public mainnet on March 12, 2024, at 8:00 UTC, marking a significant milestone in the decentralized applications (dApps) space. Known for its secure and efficient environment, Nibiru Chain offers developers and users alike an innovative platform for building highly-performant dApps.

The Catalyst Behind the Surge

This surge in the value of the NIBI token is fueled by growing trust and excitement surrounding the launch of the Nibiru Chain and exciting Token Airdrop Opportunities for users to claim rewards. Running from February 7th to February 28th, 2024, the Incentivized Testnet and Gamified Airdrop campaign by Nibiru Chain early supporters a chance to earn rewards. Participants could accumulate Nibi Points by engaging with content posted on Nibiru Chain’s social media, with daily updates providing ample opportunities to earn points.

NIBI Token’s Future

The NIBI token serves as the staking and utility token for Nibiru Chain, with various features designed to enhance its functionality and engagement within the community. Essential to the network’s operations, the NIBI token Proof-of-Stake consensus, decentralized governance, and payments for computations.

Token holders participating in staking or delegation to validator operators stand to receive rewards for securing the network and achieving consensus. Engineered to promote long-term stability and community involvement, the majority of the NIBI token supply is dedicated to community-related initiatives, such as staking, development projects, providing liquidity, and ecosystem grants.

What’s in Store for Nibiru Chain?

The launch of Nibiru Chain represents a significant advancement in blockchain scalability, bridging diverse blockchain ecosystems and fostering greater connectivity. Designed to overcome barriers that previously constrained applications and users within their respective ecosystems, Nibiru Chain provides a seamless entry point into a more interconnected Web3 environment for developers and users.

Nibiru Chain is also set to reveal details regarding its upgrade, enabling full compatibility with the Ethereum Virtual Machine. This integration will enhance interoperability with Ethereum-based dApps, lowering entry barriers for Ethereum developers and facilitating a smoother transition to Nibiru Chain’s efficient and cost-effective Layer 1 solution. Ultimately, this initiative aims to make cryptocurrency more accessible and user-friendly to the general public.

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