What Is Nimiq (NIM)?

Nimiq is a secure and censorship resistant payment protocol native to the web(internet). Users can connect to the platform by using just a browser and nothing else. Furthermore, users can join the payment protocol and accept payment without installing complex software or involving any intermediaries. 

NIM is the native token of the platform, which acts as a digital currency and is used to store and transfer value. The platform has the following features:

• Nimiq aims to provide an easy-to-use, accessible, and censorship-resistant payment solution and make that possible. The platform encourages the adoption of cryptocurrency among online merchants. Apart from merchants, Nimiq intends to develop a donation functionality to ensure content creators receive 100 percent of the donations intended for them. 

• Nimiq Cashlink is a platform feature that allows users to send money over a link. This feature allows brands and individuals to carry out giveaways and promotions in the real world. A user scans the QR code, and NIM tokens are instantly transferred into their crypto wallet.

• Apart from single wallets, Nimiq offers a multi-signature wallet for users to pool their funds together using the NIM token. Multi-signature wallets require authorization of more than two individuals to validate a transaction. These wallets are suitable for maintaining corporate for businesses and managing living expenses and payments of students living in shared spaces. 

• Pay Ingame – This is a payment system that users integrate into a game. To make in-game transactions and marketplaces easier. Nimiq is simple to incorporate into most online applications. The browser-based games can leverage the Nimiq payment infrastructure to handle in-game micro-transactions and use NIM tokens instead of traditional currencies.

• NIM is independent of borders, jurisdictions, embargoes, and money regulations. This independence gives Nimiq users complete control over their funds and the ability to send cross-border payments without limitations.

History of Nimiq

Nimiq is a non-profit and open-source organization. Some important members of the team are Ricardo Barquero (community manager), Bruno França (blockchain researcher), and Marvin Wissfeld (blockchain core developer)

The total supply of NIM tokens is 21,000,000,000 coins.