We’ve noticed a number of questions about the NII token itself, but our answer here should cover the key points. We’ll also address hubii’s business model and the development of nahmii.
The NII token is a token which confers rights to partake in the security of the protocol. NII holders earn all transaction fees from the protocol for doing this. This is hubii’s business model; owning a percentage of the nahmii tokens, but not enough to have absolute control of the system. In this way we guarantee that hubii can’t commit fraud, even if we tried or were compromised ourselves. If a user owns 1% of the NII tokens, then they will earn 1% of the transaction fees in the network.
What this means is that NII holders receive transaction fees from nahmii, which will actually exist in a basket of all currencies transacting in the ecosystem. This is another important point, in that users don’t need to hold ETH or NII in order to transact in nahmii. Transaction fees are paid in the currency being used. This is one other user experience blocker with base-layer blockchains and other ‘scaling’ solutions.
NII is released every month, but in a defined way. People can view transaction fees being accrued trustlessly on the Ethereum base-layer. As such, people can determine a fair price for the token, which can be estimated from anticipated future cashflows. This will set a floor price for the token, which will grow as products are launched on nahmii and develop transaction fees. In turn, as NII value grows, so does the security of the protocol; though we are not beholden to the price of the token alone in terms of security.
Regarding the highlights of nahmii and reasons to choose this system, I believe we have covered that across the answers to the other questions. I would question the definition of ‘growing strongly’ though, I am yet to see a blockchain product achieve anything close to mass adoption (except perhaps for exchanges and gambling sites). Our ambitions are in providing services to products with huge numbers of users.