The Nimiq Community Update — Week 16

Welcome to the Nimiq Community Update! This a community contributed fortnightly write-up on what Team Nimiq have been posting in the official Nimiq discord channel alongside community led projects and content being created for Nimiq. The Community update will always remain open source & community driven.

What is Nimiq?

Nimiq is a browser-based Blockchain designed for simplicity. Nimiq’s reason for existence is to bring the benefits of blockchain technology to the mainstream. To achieve that purpose Nimiq has been built from the ground up to address and break the barriers to entry that inhibit the mainstream adoption of blockchain technologies. Nimiq is encompassed by a strong philanthropic mindset, it will always remain open-source and community-driven.

A growing community

In a recent trip to Europe, Team Nimiq community manager Ricardo Barquero (Richy) dropped by the Netherlands to have an informal meet up with two developers at Sushipool, Brantje & Maestro. Quite often when it comes to the crypto-landscape many become disconnected from the fact that there are actual people behind the development of a project, this meeting signifies the first of many for the Nimiq community and as the ecosystem grows so will the vision of unleashing Nimiq to the masses!

Credit to (Sushipool) Brantje, Maestro & Mecha Richy

Strategy & Adoption

Alongside a recent hackathon focusing on porting aspects of the current Nimiq core to Rust, Team Nimiq have spent time focusing upon the longer term objectives of the project which include marketing strategy, community development and operational transparency.

Leading into the fourth month of the Nimiq mainnet, the Nimiq Ledger Nano S promotion is close to launch! It is understood that this promotion will be spearheading a larger push in marketing the project.

A draft set of rules for the promotion can be found in the previous community update.

Exchanges & Trade

Week 16 of mainnet see’s Nimiq’s spot price ranging between 33–36 satoshis whilst the entire cryptocurrency market capitilisation experiences a whip-saw.

There has been no update with regards to exchange listings.

The entire cryptocurrency market is currently experiencing a whip-saw in market capitalisation with the current capitalisation at $213,331,832,983 down from $296,792,996,043 two weeks ago.

Network status, Mining & Transaction volume