Nimiq Pre-Staking is Live: Join now for a chance at 200 Million NIM in rewards!

We're excited to announce that the Nimiq Pre-staking Rewards and Giveaway Campaign is live and will run from Monday October 7 to Sunday November 10! The campaign is aimed at supporting a smooth migration to Nimiq's new Proof of Stake (PoS) consensus algorithm, which is planned to begin November 19 (learn more about the migration process). This campaign rewards everyone that supports the migration by pre-staking their NIM (rules apply). There are 200 million NIM in rewards up for grabs!

Why Participate in Pre-Staking?

Pre-staking is an essential step for the successful transition to Nimiq PoS. A secure migration depends on maximizing the total amount of NIM pre-staked and distributing it across as many validators as possible. This campaign is designed to incentivize all Nimiq Holders to pre-stake and contribute to a more decentralized Nimiq network.

IMPORTANT: All pre-staked NIM will be locked until the migration is complete.

The Nimiq core team has worked diligently to harden and improve the security and performance of the Nimiq PoS codebase. This new implementation has also been peer-reviewed by Nimiq community developers. Earlier this year, Nimiq organized code audits and a public bug bounty program in collaboration with the renowned security audit company HackerOne (listen to the Twitter Space here).

The migration process itself has undergone multiple rounds of testing together with community developers.

Team Nimiq has done everything possible to ensure the success of the migration, transitioning from PoW to PoS is an inherently complex process. This campaign is a token of appreciation to all Nimiq community members who support the pre-staking process, trusting in the careful preparation carried out by both the Nimiq developers and the community.

Who Can Participate?

Anyone holding or acquiring NIM can join in on the campaign—except for residents from countries on the OFAC sanctions list and the USA.

Campaign Duration

• Start: Monday October 7, 2024 (~00:01 UTC)
• End: Sunday November 10, 2024 (~23:59 UTC)

The rewards and bonuses will be distributed up to 90 days after the migration takes place. Stay tuned to our official social channels to stay updated and find out if you're one of the lucky winners.

Check out the FAQ if you have any questions. Be cautious of impersonators and trust only these channels: Nimiq’s Blog, X (formerly Twitter), Discord, and Telegram.

What’s Up for Grabs? 200 Million NIM!

The earlier you participate, the more rewards you can potentially get. Plus, it's a key way to help secure the network.

Pre-staking isn’t just for hardcore users—it’s an easy and rewarding way for every NIM holder to get involved without a long-term commitment. 

A total of 200 million NIM (!) are allocated in the Pre-staking Campaign:

1. 100 million NIM as Pre-staking Rewards: based on your stake in proportion to the total amount of NIM pre-staked.
2. 100 million NIM in additional Bonus Giveaways: your chances increase as you accumulate points for staking a certain way (timing, choice of pool, etc):

• 10 giveaways of 3 million NIM
• 25 giveaways of 1 million NIM
• 65 giveaways of 500’000 NIM

Get Multipliers for Higher Chances to get a Bonus:

Boost your chances of receiving bonus giveaways by earning multipliers:

• Pre-stake early: The earlier you pre-stake, the higher your time-based multiplier.
• Choose an underdog validator: Select a validator with less than 10% of the total pre-stake for an additional multiplier.
• Join the Nimiq Galxe quests: Earn more multipliers based on your ranking in Nimiq's Galxe Space.

The more you optimize your pre-staking strategy, the better your chances!

Learn more details on the Pre-staking page!

How to Participate?

From Monday October 7 to Sunday November 10, 2024, follow these simple steps to join the pre-staking campaign:

1. Go to wallet.nimiq.com

After logging into your account, you will find important information about the campaign.

2. Find the Pre-Stake Button

Look for the button with a golden plant-like icon to begin the pre-staking process.

3. Select a Validator

Choose a validator from the list. Picking a validator with a lower amount of staked funds helps decentralize the network and grants you a bonus multiplier in the Pre-staking Giveaway.

4. Enter Your Amount

Decide how much NIM you want to pre-stake. And confirm stake.

5. Claim your points

To become eligible for and associate your staking address with the Rewards and Bonus Giveaway Campaign, simply log in to prestaking.nimiq.network/pre-staking using the same account address you used for pre-staking. The registered address will also be used to distribute any rewards. You can register multiple addresses. Click here to learn about multipliers and see all the rules for the giveaway.

Time to Spread the Word!

The moment has come for the Nimiq Community to unite and propel this campaign forward! Share it with your crypto friends and help spread the news throughout the crypto space. Let’s show everyone that Nimiq is migrating to Proof of Stake and that now is the perfect time to get involved!

Stay tuned through our official channels, be cautious of impersonators, and gear up for Proof of Stake!

Pura Vida
Team Nimiq