Nimiq is a browser-based blockchain & ecosystem written in javascript ES6 designed to make cryptocurrency easier for the end-user. The Nimiq project is not live yet and the team has issued IOU tokens that can be traded. These tokens are called Nimiq Exchange Tokens (NET) and they are ERC20 tokens based on the Ethereum blockchain. NET tokens will later be exchangeable for real Nimiq tokens.

The Nimiq ICO started on the 6th of June, 13:00 UTC and ran for 10 days. With almost 4'400 valid contributions the Contribution and Creation Cap where fully met and reached in just 10 days. During this time, Nimiq gathered 4,992 BTC in exchange for 10,500,000 NET tokens. ICO specifications:

• NET are standard tradable ERC20 tokens.
• Exchange rate: 1 NIM = 10 NET.
• Tokens created in sale: up to 10'500'000 NET.
• The sale is capped at 60’000 ETH.
• Bonus: 
  - First two weeks: 1 ETH = 175 NET 
  - Last two weeks: 1 ETH = 125 NET

These tokens will be exchanged for Nimiq tokens at a 10:1 exchange rate, which means the ICO supply is 5% of the total Nimiq supply (21M). 88% will be distributed in mining rewards. The remaining Nimiq tokens will be distributed as so:

• 5% Token Sale Contributors (no vesting, ~25% circulating supply yr 1)
• 2.5% Long-term Endowment Foundation¹ (10 year vesting)
• 2% Good Cause Partnerships and Sponsorships² (10 year vesting)
• 1.5% Early Contributors (6 month vesting)
• 1% Creators (3 year vesting)