As is apparent or everyone to see, the blockchain revolution has changed the way in which many digital service providers now operate and function. With the crypto network making financial transactions decentralized, users are now able to have more ownership of their funds as well as have more flexibility when it comes to trading/buying/selling altcoins.
Niobium Coin is an all new cryptocurrency that is based entirely within the Ethereum blockchain. As per the company’s official whitepaper, every token will be created only when a physical asset is present to back it up. Another important facet of Niobium is that it will serve as the governance fuel for the BOMESP platform — Brazil's largest and most trusted online exchange.
What Advantages Is Niobium Offering?
Some of the key features which make this currency stand out include:
(i) No Intermediaries:
This cryptocurrency completely eliminates the need for middlemen when facilitating monetary exchanges of varying sizes. When two parties are able to carry out transactions independently, the risk of counterparty fraud can be eliminated to a large extent.
(ii) High Degree of Control:
This currency empowers asset holders by allowing them to maintain full control of their digital transactions and alt-coin data.
Owing to the fact that this currency uses the blockchain, it is able to remain completely transparent and maintain precise, dated records of each and every internal transaction.
While many people may overlook this aspect, but the Niobium platform is P2P based and thus has no “central point of failure”. As a result of this, it is much more resistant to malicious dDos attacks and hackers.
Since this platform makes use of smart contracts, all of the transactions are carried out in accordance with the predetermined protocols of the system. This helps increase the overall safety and functionality of Niobium.
Other Important Features
Each and every change made by any of the network participants within the Niobium network is publicly visible. Additionally, all of the transactions are immutable and once they have been recorded within the ledger, they cannot be tampered with (i.e altered or deleted).
(ii) High Level Of Service:
Since all of the payments and internal processes are added to a single ledger, the data can be maintained (i.e accessed and viewed) in a highly streamlined fashion.
(iii) Quick And Efficient:
According to the whitepaper, Niobium transactions are upto 40X faster than regular bank transfers. Not only that, payments can even be processed over the weekends or on public holidays (unlike various financial institutions).
(iv) Low Cost Per Transaction:
Through the complete removal of middlemen from within the network supply chain, Niobium is able to reduce the amount of transaction fees being charged to users in a big way.
(v) Completely Digitized:
Any and every alt asset or document can be digitized and stored within the company’s blockchain ledger. As a result of this, Niobium can be used for a wide array of practical purposes.
Who Is Behind Niobium NBC?
Alessandro Brandão is the CEO and founder of this project. He has been in the digital domain for nearly two decades, and has also been involved with other prestigious companies such as Intec IT Logistics, Cielo and Rede. From an educational standpoint, Alessandro is a graduate in Systems Analysis from Fundação Getúlio Vargas.
Similarly, Gilberto Akisino is the CFO of Niobium. He has previously worked at a Russian multinational company that was based out of Luxembourg. Additionally, Gilberto is also the co-Founder of Gamemaxx— a highly acclaimed video game publisher in South America.
Details of the Niobiumcoin NBC ICO
The Niobiumcoin NBC currency has been abbreviated as NBC and as mentioned earlier, the minting of coins will be done as per the contribution that is received during the ICO phase. The ICO phase has recently concluded and according to the website, a total of 102,289,706,27 tokens were created.
Out of this number, the distribution was done as follows:
- 45.5% of the entire currency pool has been made available to potential investors via BomeSP.
- 1.3% of the coins have been set aside for advertising and marketing reasons.
- 7% have been reserved for company members and core platform devs.
- The remaining 46.2% of the tokens were sold to the public via the Pre-Sale and ICO.
For any other doubts, queries or suggestions, users can get in touch with company reps via email.