INTRODUCTION

nim.jfif

As the cryptocurrency world stands right now, cryptocurrencies are seen as a digital asset that can be used as digital goods. However there is no way for small businesses to expand using cryptocurrencies.

Nimbus Token offers a solution to this by being a platform for selling and bartering goods and services via cryptocurrency and the blockchain.

NIMBUS

The main idea behind Nimbus is to give small businesses the ability to raise funds to expand without having to be dependent on a loan from a bank. It is also to give the ability of small store owners to raise funds via mini-ICOs, projects that will let the users invest in a certain store expansion plan and collect dividents in the form of token payouts when the business owner starts repaying the "loan" back. The process is completely automated by placing a PoS (point of sale) at the store and diverting a small amount from every transaction towards repaying the fixed percentage to the initial investors.

In the nutshell, using this platform, stores can raise their own money instead of struggling with venture capitalists or banks. NIM are used to open stores and unlock the ability to buy branded product tokens.

NIM token holders can open stores, raise money, expand their business, issue their own branded tokens or use their NIM to run stores for others. This is not only a system to sell products, it is the rise of an entire job class where people can create entire new careers that are currently unavailable in the FinTech world.

THE PLATFORM

The platform uses two types of tokens, NIM and NIMx; each with its own specifications:

NIM: These are utility tokens that are sold during the token crowdsale. The tokens leftover from the crowdsale will be available to be mined.
NIMx: They are product tokens. NIMx are used to denote different product tokens in the whitepaper. Platform users can barter one type of NIMx token(say NIM.MillerAvcdos) with another one(say NIM.ArizonaSpa).

The platform allows for new businesses to start their businesses without having to go to banks and taking out those pesky loans. It does this by allowing a business to launch a token sale to raise funds for their business needs. By doing so the business can raise its own funds to purchase real estate, goods, hire workers, and start selling their products or services. Stores on the platform sell a new type of cryptocurrency called product tokens and their value is derived from the sales a speciﬁc store generates. The working theory is, the more commerce that is transacted, the more value the product tokens will have. Not only do they believe this will increase the value of NIM over time, but its believed it will enrich the broader Ethereum ecosystem as well, especially in third worlds countries where the ﬁat currency is useless.

During the crowdsale, NIM tokens are sold to fund the development of the platform. Once the platform is launched, only NIM tokens can be used to open stores on the platform and launch pre-sales of unique product tokens. Once the crowdsale is over the only way to open a store using NIM tokens is to purchase them on an exchange. All leftover tokens from the crowdsale will be put aside into a pool for mining. Once stores begin to log sales, customers can trade the store’s unique product tokens on the platform exchange. As for the leftover NIM from the crowdsale, as the store logs sales it mines NIM tokens from the pool and placed into the store’s wallet.

As NIM are consumed to create stores, stores also mine the NIM back out of the pool, when they log sales. This creates the product token cycle; sale, produce, reward and exchange. In this cycle, stores sell a token so they can grow, stores produce goods or services, customers are rewarded with products and product tokens are bartered with others on the platform.

BENEFIT TO INVESTORS

The selling price of the token is only 0.0005 ETH and with the demand of investors it is expected that the price of the token will increase. Then, as an investor, you can certainly benefit from it.

The market is huge and nimbus believe in democratizing small businesses around the world, especially in third world countries therefore, it could probably end up being a great success, so investors can also benefit from it.

TOKEN & ICO DETAILS

Ticker Symbol: NIM

Platform : Ethereum

Accepts: ETH, LTC, USD, BCH, BTC

Soft Cap: 20,000,000 USD

Hard Cap: 45,000,000 USD

Country: USA

Restrictions: None

PUBLIC CROWDSALE

Date Sale: Jan 17, 2018 — Jul 31, 2018 @ 195 days

Sale Avalable Tokens: 35,000,000 NIM

Price: 1 NIM = 0.0005 ETH

FUNDING ALLOCATION

ROADMAP

TEAM

CONCLUSION

The Nimbus project surprises with its idea and vision, Online stores will gain popularity in the future. This project has a very strong and good team with the well-known JOHN MCAFEE. In my opinion, the project has a chance of success. I want to wish good luck to the team.

#sponsored