# Nibiru (NIBI) Token

Nibiru tokens, commonly called "NIBI" tokens, are the native cryptocurrency of the Nibiru blockchain. NIBI tokens play a pivotal role in proof-of-stake consensus and decentralized governance, and they're used to pay gas and include transactions in a block. .

# Core Token Utility (NIBI)

Consensus (Proof-of-Stake): NIBI tokens power the network’s Proof-of-Stake consensus and decentralized governance, a process by which NIBI stakers can decide on and bring about changes in the network.

NIBI is also utilized to secure the network and pay for computation in the form of gas fees, essential for facilitating the creation of new blocks on the chain. Consequently, NIBI is "Ether" in the Nibiru EVM.

Token holders who stake or delegate their tokens to a validator operator for purposes of securing the network and achieving consensus may receive staking rewards.

# Community - Community Pool

  • Usage Incentives: (Subject to decentralized governance) Likely used to incentivize liquidity provision or dApp usage on Nibiru Chain.
  • Builder Grants: See Nibiru Grants (opens new window).

# Community - Strategic Reserve

The treasury is constructed as a discretionary fund to ensure the stability of the protocol. The treasury will initially be managed by multi-sig wallets held by members of the core team or their related smart contracts.

# Ways NIBI can Appear

NIBI is most often represented as micro-NIBI (μnibi) with denomination "unibi" on-chain.

1NIBI:=106unibi=1000000unibi1 \;\text{ NIBI} := 10^6 \;\text{ unibi} = 1000000\;\text{unibi}

# Disclaimer

This is not an offering or the solicitation of an offer to purchase tokens. This document may contain hypothetical, future/forward-looking and/or projected figures which are not guaranteed. Although we strive for exact accuracy, actual numbers may vary. The Nibiru Foundation (MTRX Services, Ltd.) makes no representation or warranty, express or implied, as to the completeness or accuracy of this presentation and it is subject to change without notice.