Nibiru Chain (NIBI)

Nibiru Chain is a highly scalable Layer 1 network and permission-less platform for developers to deploy smart contracts, intimately integrated into the Cosmos ecosystem. Powered by Inter-Blockchain Communication (IBC) technology, it allows users to seamlessly transfer their assets from the Nibiru Chain to other networks.

Nibiru Chain employs the WebAssembly smart contract (WASM) concept, providing an ideal environment for the development of the DeFi industry within the Cosmos ecosystem. By allowing WASM contracts to request a send to occur after their completion or to call into another contract, Nibiru prevents reentrancy attacks and excessive gas fee consumption, which are common scams in the crypto industry. Additionally, running in a sandbox environment and written in a memory-safe language, it prevents contracts from accessing unintended data.

Nibiru is not limited to network only, it has also developed a large, diverse ecosystem of featured dApps, including: 

• Nibi-Perps: a decentralized, fully on-chain perpetuals exchange powered by the Nibiru Chain network. It aims to minimize imbalances in open interest, reduce delays during high volatility periods, prevent bleeding of the Perp Fund, and increase the number of unique users; 
• Nibi-Oracle: an application that delivers real-time data from other chain networks onto the Nibiru Chain. It provides a reference price for various assets on the network and incentivizes the development of the DeFi sector;
• Nibi-Swap: the native DEX of the Nibiru Chain, enabling users to swap tokens, provide liquidity to earn APR, and receive boosted rewards for longer liquidity locks.

Find more info about the Nibiru crypto ecosystem in Nibiru Docs.

The entire Nibiru ecosystem is powered by $NIBI, the native Nibiru coin. It fuels the network's proof-of-stake consensus mechanism, supports decentralized governance, and will play a key role in the future DeFi ecosystem of the dApps built on the Nibiru Chain.

The company has conducted a few private token sale rounds from leading funds and investors including Hashkey Capital, NGC Ventures and others, securing over $8.5M in funding. And now it is planning to conduct a public sale of $NIBI on CoinList, adding over $4M to its total funding amount.