Nimbus Platform Review: Bridging the DeFi Ecosystem to the Traditional Finance World


Nimbus

Nimbus Platform Review: Bridging the DeFi Ecosystem to the Traditional Finance World

The decentralized finance (DeFi) ecosystem has witnessed massive growth over the past year – surpassing the 26 billion dollar mark, – from less than $700 million last January. Despite the obscene growth in the DeFi space, it is still a challenge connecting this new financial innovation to the traditional finance systems. 

Nimbus project, a new DAO-governed DeFi ecosystem, aims to solve the problem by offering users an all-in-one place DeFi ecosystem powered by their native platform token, NBU. 

Launch of the Nimbus DEFI ecosystem 

Nimbus, first launched in 2019, rapidly acquiring over 50,000 users across the world on its platform. As of today, January 27, 2021, the platform will officially launch its DAO-governed DeFi ecosystem and its native NBU token to kick off a new era of finance. 

The Nimbus DeFi ecosystem offers users a wide range of financial functions including staking, reward pools, liquidity provision rewards, and swapping features. Additionally, Nimbus connects to “traditional finance” by generating multiple revenue streams for users based on initial public offerings (IPOs), Crowdfunding, P2P Lending, and Crypto Arbitrage-Trading.

Nimbus DAO

As the key component of the Nimbus ecosystem, Nimbus DAO is a governance protocol that guides all the decisions made on the platform. Nimbus DAO governance token holders will be able to vote on the economic, governance, and technological aspects of the platform – and receive portions of the accumulated Platform transaction fees. 

The DAO creates value for users by decentralizing control on the platform with only 10% of the DAO governance tokens being held by the Nimbus Organization team. It also aims to prevent fraud from the market participants and create a stable mechanism to avoid pump and dump schemes for its tokens. 

The Nimbus decentralized applications (dApps)

The revenue generation mechanisms behind the token will be based on the Nimbus decentralized applications including:

 

  • Crypto Arbitrage-Trading dApp: 

 

The crypto arbitrage app has been running for the past year enticing users to join the platform. The dApp offers users risk mitigation and reward optimization while trading by leveraging pool mechanics on the platform.

 

  • IPO Hub dApp pool rewards

 

IPO Hub is a unique tool enabling people worldwide to access shares on IPOs with their crypto assets via pools, no matter which sum they possess. IPO Hub users can forget about extra brokerage fees and enjoy sophisticated evaluation mechanisms and all relevant analytics in one spot.

 

  • Crowdfunding dApp pool

 

Nimbus Crowdfunding dApp is a unique decentralized tool with advanced off-chain features enabling anyone with crypto to participate in startup crowdfunding in a regulated and secure way. Users can access convertible notes and startup equity via smart contracts. 

Other earning strategies on the Nimbus platform include: 

  • Staking Pools rewards
  • Swap reward for liquidity providers
  • P2P Lending dApp

Now, the evaluation time!!!

  • NBU token

Nimbus DAO protocol employs its native NBU token, alongside two more tokens – governance token and STAN stablecoin – to support the seamless functioning of the platform. 

The NBU token, based on the ERC20 standard, offers holders access to over 10 earning strategy pools, access to the NBU governance token, and a swap with other assets and cryptocurrencies. 

The Nimbus Governance token, expected to be launched shortly after the NBU launch on January 27, enables the holders to vote on economic, technical, and governance changes on the platform and earn from the trading fees charged on Nimbus. Unlike other platforms, the Nimbus Organization will only hold 10% of the tokens ensuring a truly decentralized DeFi ecosystem.

Finally, the STAN stablecoin, backed by the USD in a 1:1 ratio will offer users a stable token allowing them to derive multiple use-cases on the platform. The stablecoin launch is slated for Q2 2021. 

  • Team profile and partnerships

The platform is led by a seasoned 11 member team, which forms the Nimbus Organization, from different walks of life including fintech, crypto, blockchain, cybersecurity, AI, and machine learning. 

Fernando Martinho leads the team as the CEO, Waseem Mamlouk (Chief financial technology officer), Alexandra Serebrennikova (Chief marketing officer), and other advisors including David Mazaheri, Patricio Pozzi, and Jorge Sebastião. Here are more team members. 

Notwithstanding, the Nimbus project is already forming partnerships across Asia adding Mars Finance, Alphabit, and Sanctum Pte. Ltd. as strategic partners. 

  • Legal Background Check

Launched in 2019, Nimbus employs fully-audited smart contracts by Zokyo, a blockchain cybersecurity firm affirming to their customers that the tokenomics are also “carefully designed and tested”. 

Nimbus is a solo company registered in Malta due to the island’s crypto-friendly laws. The firm is currently awaiting its EU crowdfunding license, expected to come later in the year, with plans to acquire SEC, FINRA, and other licenses also underway. 

Nimbus Referral program

As the platform launches on 27th January, users will also be introduced to a new referral program on Nimbus to “enhance user’s motivation and incentivize the faster building of a solid community”, a post from the Nimbus team reads. 

There are three types of referral rewards available to users:

  • Token acquisition reward: A 10% reward once your referees purchase their tokens.
  • Swap rewards: Earn up to 0.15% from each of your friends’ swap transactions along 6 referee levels.
  • Staking rewards: Earn up to 12% APY from staking your NBU tokens. You need to acquire and stake at least $250 worth of NBU tokens for at least 6 months. 

Is Nimbus a legit company?

According to our research and due diligence conducted, the Nimbus platform is NOT a scam project. Its year-long track-record proves the company has been working hard to deliver great blockchain-based tools that were actually used by thousands of users worldwide. Switching to DeFi now is just a logical next step in their development strategy and not simply a way to follow hype (unlike for many other startups in the sphere).  

The platform already offers a demo version for users to test the DeFi products offered and a highly secure and safe platform. 

The one-stop-shop bridges digital assets to investment products for global users providing access to never-heard-of-before assets in crypto. 

Conclusion 

On launch this Wednesday, the Nimbus DeFi ecosystem is expected to open up a new pathway for users to bridge the digital and financial traditional systems. Over 50,000 customers have joined the platform so far and now wait for this new DeFi functionality launch and unique access to IPOs, startup financing, and other opportunities.

FAQs

 

  • What is the Nimbus protocol?

 

Nimbus is a DAO-governed ecosystem of dApps that generate multiple revenue streams for users based on IPOs, Crowdfunding, P2P Lending, and Crypto Arbitrage-Trading. In total, it offers more than 10 different pools in one spot accessible via a single token: NBU. 

 

  • How much do I need to start trading on Nimbus?

 

Any amount is acceptable on the Nimbus DEFI ecosystem. Users will need to connect an external wallet such as Metamask and MEW to start using the platform. The Demo version is already available here: https://demo.nimbusplatform.io/

Disclaimer The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Author: Sunil Sharma
Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO's in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on Twitter at @sharmasunil8114 and reach out to him at sunil (at) coingape.com
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Sunil Sharma 157 Articles
Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO's in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on Twitter at @sharmasunil8114 and reach out to him at sunil (at) coingape.com
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