Nimiq Launches Pre-Staking Campaign Amid Transition to Proof-of-Stake

Nimiq, a Layer-1 blockchain focused on payments, has announced a pre-staking campaign for its native token, $NIM, in preparation for its transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS). The initiative aims to distribute 200 million NIM in rewards, including bonuses for early participants, to ensure a smooth migration to a decentralized and energy-efficient PoS system.

Despite the positive outlook from Nimiq, the broader market sentiment remains cautious. Regulatory uncertainties and market volatility continue to cast a shadow over the blockchain and cryptocurrency sectors, raising concerns about the long-term sustainability of such initiatives.