Niobium Coin (NBC) is the cryptocurrency developed by the BOMESP, a Brazilian tokenization virtual business currency exchange as well as research & development agency of technical, financial, and legal aspects. The platform seeks to provide support to transactions with utmost institutional security.

As the Niobium whitepaper suggests, the platform of Niobium aims to be suitable for all forms of digital assets, which can be traded on an equal footing with Bitcoin, Ethereum, Ripple, and, in particular, Niobium tokens, among other digital currencies. And for which Niobium's platform is rapidly developing automatic teller machines (ATMs) for cryptocurrency.

The approach behind virtual ATMs is to solve the unavailability of a liquidity medium. That initiative of Niobium aims to convert the authorized currency to any particular cryptocurrency, i.e., Bitcoin, Niobium, Ethereum, and vice versa. Apart from this, companies can also create their assets, referred to as token assets or virtual currencies. These can be traded or distributed through the platform for numerous aspects.

The Niobium is the virtual currency of BOMESP and is listed as 'NBC' on all trading and cryptocurrency exchanges. The token possesses the ERC20 standard built on the Ethereum blockchain. But, the tokens can't be minted anymore. Instead, the supply is constant and not transferable since the coin's ICO (initial coin offering) ended. The standard demand and supply mechanism decides the coin's value.

Niobium is aimed to work as a fuel for the BOMESP platform. Moreover, the platform is intended to establish the Blockchain Security token ecosystem's innovations. Blockchain Security refers to an extensive risk management system for a blockchain network.

The development of Niobium was started in 2017. Niobium's platform and token has ten founders.