Are you someone who would like to start your own business? First, let me congratulate you for taking the bold and right decision in your life. Every business owner needs to do a lot of hard work, especially in the beginning to get a constant source of income from them. Besides time, they also need to invest a lot of money depending on the type of the business. Even though, the small business owners have a lot of options like banks, financial institutions, VC firms etc to raise capital, each one of these requires a lot of paperwork and documentation.
For example, let’s imagine that you want to open a new beauty Spa and Salon. And, you have finalized the location for building your spa. Now, you need to raise 75% of the total amount of investment as you can manage only 25% of the amount on your own. What will you do? Most likely, you will approach a bank or other financial organizations for getting a loan. Some of them may not be willing to consider your application for a loan because you cannot provide much documentation for opening a spa. Few banks may agree to provide you with a mortgage but with high-interest rates.
Nimbus allows the small business owners to raise funds for their promising projects by using the concept of pre-sales. Can’t understand? Let me explain in detail. Whether you want to build a new business or expand your existing one, Nimbus helps the entrepreneurs to grow their business by making use of the Nimbus tokens. For example, you can list the information about your Spa project on the platform. And, consumers who are interested in your services will be buying the Nimbus (NIM) tokens. Once your store is open, they can use that tokens to either purchase services on your spa or they can exchange the tokens to buy some other product or service. Because they are purchasing the tokens well in advance, they will get attractive discounts once the product/service is launched. Sounds interesting? Read more at https://www.nimbustoken.com/pdf/nimbus-token-whitepaper.pdf
Unlike the other utility tokens which are sold on various ICO token sale events, Nimbus token is not a utility kind of token. Instead, it is a product token whose value is derived from the sales of products/services and not based on scarcity. That’s why the value of NIM tokens depend on the actual trade between the consumer and a store. More consumers, More value for NIM tokens. In a nutshell, the owners/holders of NIM tokens can use them for the following options:
- Buy/ sell a store
- Expand their existing businesses
- Raise funds
- Issue their own tokens (eg. NIM. FaceDeli)
- Use NIM tokens to run/fund the stores owned by others
The concept of “Product tokens” is pretty new to the crypto world as everyone else is talking only about new cryptocurrencies or Ethereum based ERC20 utility tokens. To learn more information about the NIM tokens, kindly visit https://www.nimbustoken.com/