The NIMPI Token launch explained
We are happy about the interest in NIMs Passive Income Tokens that will be launched soon. As noted earlier, passive income investment is a capital commitment from six months and up. Through the duration of this investment, an investor does not have to be proactive in the market. They only need to buy the digital asset and store it in a secure non-custodial wallet like Metamask or off-chain.
This is a roadmap that shows the details of the introduction of the NIMPI Tokens. The whole process is controlled by smart contracts for maximum security and efficiency.
This is the current stage. The launch pool has been initialised, but we are before the start date of the Staking Stage.
This is the live stage during which anybody can stake and unstake with the starting price of US$1.00 and ending price of US$13.00. If the ingestion of copyrights reaches more than a potential turnover of US$5 Billion by the end date, NIM reserves the right to extend the offering and raise the stalking price beyond US$13.00. The stalking stage will take place from the 2nd of May 2022 at 00:01 until the 1st of January 2023.
NIM will call a lock function when the end date and the soft cap have been reached. This means that nobody can stake or unstake anymore. If NIM does not call the lock function, staking can continue up to the hard cap, but nobody can unstake.
The lock function then triggers the Calculation Stage, which makes a final tally of all stakes and calculates how many tokens each staker will receive for the amount they staked.
Once all tokens are calculated, the contract automatically triggers the Distribution Stage, and tokens will be automatically transferred to stakers.
Once the last tokens are distributed, the Claiming Stage is automatically triggered. NIM can call the withdrawStakes function at this stage, allowing NIM to withdraw all staked amounts. Only at this stage are the funds available to NIM.
NIM can always abort the sequence after the end date. This will allow all Stakers to unstake.
To be clear:
Stake means to commit a certain amount to buy NIM Tokens, and unstake means you can at any time demand that money back if you change your mind. Be aware that you will lose the price reservation.
Any gas price is deducted from the amount staked as that is paid to the network(s).