Question 1

What is NIM?

Accepted Answer

NIM is the native token of the Nimiq blockchain, used for transfers within the network and available as a staking asset in its proof-of-stake network. Nimiq is positioned as a payment protocol for web-native use; on the current network, staking NIM provides validators with economic security and enables delegators to participate in network security.

Question 2

How is Nimiq maintained now?

Accepted Answer

Nimiq completed its transition from proof of work (PoW) to proof of stake (PoS) in November 2024. The network is now maintained by participants operating validators, rather than by miners competing to produce blocks. Its PoS algorithm is Albatross: validators use stake as economic security for following consensus rules and are responsible for producing blocks; in the event of abnormal or malicious behavior, the protocol can move to a more conservative handling mode. The transition changed how participants maintain the network and earn block rewards, but official materials state that the original issuance-curve design was intended to connect continuously between PoW and PoS.

Question 3

How does staking NIM work?

Accepted Answer

Staking NIM means delegating NIM to a validator or staking pool to help provide the stake support needed for network security and block production. Official materials state that participation can begin with 100 NIM; validators earn rewards for producing blocks and following consensus rules, and staking pools then distribute rewards to delegators according to their rules. A delegator's actual return is not fixed: staking pools charge operating fees, and whether a validator operates properly also affects whether rewards can continue to be earned.

Question 4

Do I still control my NIM after delegating it to a staking pool?

Accepted Answer

Delegated staking does not transfer ownership of NIM to a staking pool: official materials state that staked funds remain held by the user, who can also redelegate them to another validator or pool. Asset security and reward outcomes should be distinguished here: if the selected validator goes offline, delegators do not lose funds as a result, but may temporarily receive no rewards while it is offline. Therefore, redelegation is used to restore support for a properly operating validator, rather than to recover assets controlled by a pool.

Question 5

What is the difference between validators and ordinary delegators?

Accepted Answer

Validators directly perform consensus duties and produce blocks; ordinary token holders can delegate NIM to support validators without operating one themselves. Validators must use stake to assume responsibility for complying with the rules: producing blocks properly and following consensus rules can earn rewards, while violating the rules may lead to penalties. In an official example, misbehaving validators can be temporarily "jailed" for up to four days, during which they cannot participate or earn rewards; this makes validators' operating responsibilities different from the role of ordinary delegators.

Question 6

How are NIM's supply and distribution structured?

Accepted Answer

NIM has a designed final supply of 21 billion tokens. Its smallest unit is Luna, and 100,000 Luna equals 1 NIM. By design, 88% of the final supply (18.48 billion NIM) is allocated as validator rewards over approximately 100 years; the remainder includes a 5% allocation for token-sale contributors, as well as categories for the foundation, public-good partnerships, early contributors, and creators that have established vesting arrangements. Therefore, final supply, issued supply, and circulating supply at a given time are different measures and cannot be substituted for one another.

Question 7

How did the PoS transition change NIM issuance and reward sources?

Accepted Answer

The source of newly issued NIM rewards differs before and after the transition, but the issuance curve was designed to remain continuous: during the PoW phase, miners received block rewards; after the November 2024 switch, new rewards have been minted through staking rewards and received by validators and associated staking participants. In figures reported as of the end of July 2026, the official 2026 transparency report disclosed that approximately 10.3731 billion NIM had been mined during the PoW phase, and approximately 1.5528 billion NIM had subsequently been minted through staking rewards during the PoS phase. These historical figures describe issuance progress as of that report and do not represent fixed rewards or yields for any future period.

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