A Brief Explanation On How To Use The Main Currencies Of The Network
The Nimbus platform is a crowdfunding ecosystem built with Blockchain Technology that will help business owners and small entrepreneurs set up their operations without the need of rushing to a bank or a loan agency to beg for a loan. At the earliest stages of development, Nimbus can be used for any type of project.
A new company with a brand new development can raise the funding to make their first batch of a product without the need to go to a bank and face all the legal issues, and conditions asked to start out, either by issuing their own customary token created in the ecosystem or by using NIM tokens.
A New Way to get Funding for a Business
The NIM tokens are the main tool used to activate the functionality of the platform. When a store is managed using the NIM token the customer base that participated in the crowdfunding of a business has a lot of power in the way the shots are called regarding the product they helped fund.
If a token holder doesn’t like a specific initiative after is completed, they can always trade, sell or barter their tokens in the ecosystem for the customary version of another product or by using an exchange service to get their money back.
It’s a brand new way to fund an initiative that works in a much more open environment unlike those managed by platforms such as Kick starter or GoFundMe.
A Look into Token Economics
The Nimbus Whitepaper offer a lot of examples of how to manage Blockchain funding on some basic goods and services. The main structure of each transaction goes more or less like this: a startup can offer their products or services on a presale to cover the full costs of producing a batch of a product or to provide a service on a preset date.
When the deadline date is reached, and it’s time to release the product or offer the service the customer can choose to trade the customary token created for the product (or service) they contracted or by providing the token in the Nimbus ecosystem for another type of goods.
If the customer is not pleased with the final product they can always file a refund, and if there are any tokens left after the main sale, these can be offered to be mined by other interested parties.
One System, two Custom Token Utilities
The system will work using two types of token: the NIM token that is specially conceived to build all the startups from scratch. They will require that the entrepreneur creates an online store on the platform and is the way most of them will be able to gather capital to begin their operations. The people backing up their intuitive will have a vote on the way the businesses are run.
The other token is the NIMx Token. This one will be to custom-made token used by the stores to offer finalized products. The token will be easily identifiable because it will impose the prefix “NIM.” before the name of the business. They will also be useful to trade for other goods as well as the main NIM token.
As you can see the token economics on the Nimbus platform are not really complicated. If you wish to learn more about them, you can go to https://www.nimbustoken.com/.
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Nimbus is a smart way to think about blockchain as a future alternative. We recognize in Blockbasis that that blockchain is here to stay, so we developed a platform, Blockbasis, where users can send and receive cryptocurrency like Bitcoin, Ethereum and more with just an email address. Besides sending and receiving via email, users can exchange cryptocurrency on our DEX.