ABOUT NIMBUS TOKEN
The Nimbus Token Platform allows businesses to fund their projects via pre-sales so they can greatly expand their operations. This allows businesses to hire new workers and develop new products. Unlike other cryptocurrency platforms, we have found a way to use blockchain technology for any product or service. For the first time blockchain technology can be used to raise money for small business projects and for crypto-entrepreneurs, to grow their altcoin collection.
In today’s ever expanding world, cryptocurrency is seen as a digital asset that can be used for digital goods. We want to change that. The Nimbus Token allows small business owners like a family pizza shop to expand their business by using cryptocurrencies. The Nimbus Token Platform allows for that. Owners of NIM tokens can open stores, sell stores, raise money, expand businesses, issue their own branded tokens (NIM.MikesPizzaShop) or use their NIM to run stores for others. That being said, the use of cryptocurrencies allows such stores to benefit from the privacy and security from cryptocurrencies and smart contracts. The Nimbus Token Platform allows for a system to sell products and also a rise in jobs. It allows for business owners to create an entire new career.
When a small business owner opens a store using the Nimbus Token Platform it allows them to take their NIM tokens one step further by mining. Initially NIM is only available during the platform token crowdsale. Once the crowdsale is complete all unsold tokens will be pooled for mining. Stores can easily mine the NIM token though POS (Point of Sales) terminals via POS services like Square. If a store is planning to open through the Nimbus Token Platform NIM tokens are required. If they do not acquire them during the crowdsale it is not an issue. They can always purchase them later when NIM tokens appears on exchanges. A store that is on the Nimbus Token Platform can only mine NIM tokens when it logs a sale. For every sale that is logged, NIM tokens will be mined from the leftover crowdsale pool. Once all the leftover NIM tokens are mined, new NIM tokens mining will restart when the total amount of NIM tokens is less than the original NIM minting for the crowdsale.
Customers that have purchased that store’s pre-sale tokens will receive that store’s unique product token — NIMx. Customers that own NIMx can then trade for the store’s goods or services. They can exchange it for another product token (NIMy), hold onto that product token or get a pro rata refund for the token. But for the store, NIM tokens are mined and transferred to their wallets. Each NIMx is backed by the value of the transactions of goods or services the store logs.
The Nimbus Token Ecosystem
The Nimbus Token Platform has a disruptive ecosystem geared towards building businesses and selling their products. 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. Our working theory is, the more commerce that is transacted, the more value the product tokens will have. Not only do we believe this will increase the value of NIM over time, but we believe 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.
The Nimbus Token Platform offers multiple use cases for anyone who purchases NIM tokens. For example, the Nimbus Token Platform can be used for almost any business project, from Bicycle Shop, Bakery, Phone Repair Shop and so on. Stores can use the platform to raise money by selling their own branded tokens instead of struggling with venture capitalists or suffering the humiliation of the typical banking experience.
So now your question is, we know what the beneﬁts are to store owners, but what is in it for those customers that bought NIM during the crowdsale? Those who do not plan to start a store have multiple options with their NIM Tokens. For starters is the obvious, you can HODL them and watch the value increase on exchanges. For others you could use your NIM Tokens to unlock functionality on the platform. NIM are used to open stores and unlocks the ability to buy branded product tokens. For entrepreneurs, you can use your NIM Tokens to purchase branded product tokens from store owners. This is what will help them to get their store up and running into a business. By doing so entrepreneurs can increase the amount of tokens in their portfolio by holding many different types on branded product tokens.
Now you ask, what can I do with these branded tokens? Stores like the Bakery would sell NIM.PopsBakery tokens to raise money for their store. These tokens would be the product tokens that hold value towards that specific store. With product tokens, the customer can always get a pro rata refund for their product token or barter the token on the exchange. So instead of holding onto your Bakery Tokens, you could barter them with other token holders and trade someone some of your Bakery Tokens for their Bicycle Shop Tokens. This will help you expand your portfolio even more and give you more outlets to use your product tokens. This platform allows for both the store owner and entrepreneurs to benefit.
Buying product tokens during the store’s pre-sale period gives the customer a range of options that just aren’t present in platforms like Kickstarter or retail outlets like Overstock. This is a real opportunity for entrepreneurs to help small businesses expand and grow while the entrepreneur has new tools and new ways to expand their token portfolio. Therefore, weather you are planning to open a store or a rising entrepreneur, Nimbus Token Platform is for you. The possibilities and use cases available for NIM Token holders are endless.
Why Should you Buy NIM Tokens
So what does this mean for Nimbus Token holders? This allows holders to do quite a few things. For starters the Nimbus Token Platform can be used for almost any business project. Token holders can use the platform to open stores. Stores can use the platform to raise money by selling their own branded tokens instead of struggling with venture capitalists or suffering the humiliation of the typical banking experience. This allows token holders to open a business by funding their projects via pre-sales so they can greatly expand their operations, hire new workers and develop new products. Not only this, but they can open new brick and mortar locations to expand their business footprint and add more customers in other areas of the state, country, and world.
We know what the beneﬁts are to store owners, but what is in it for those who bought NIM during the crowdsale? NIM tokens unlock functionality on the platform. NIM are used to open stores and unlocks the ability to buy branded product tokens. With product tokens, the customer can always get a pro rata refund for their product token or barter the token on the exchange. Instead of having pizza tokens, they could swap those for a token that can be redeemed for a taco. This is a real opportunity for entrepreneurs to help small businesses expand and grow while the entrepreneur has new tools and new ways to expand their token portfolio.
As you can see, Nimbus Token is an all-around token that will be beneficial no matter what type of customer you are. Make your way to our website and read our whitepaper for a full understanding of the Nimbus Token Platform.
How The Tokens Will Be Distributed
We want to keep the value of the NIM tokens healthy. It is in no one’s best interest to artificially keep the tokens devalued. At the end of the token sale, all unsold tokens will be pooled for mining by stores on the platform as they log sales. No new tokens will be minted.
Reserved for unplanned use
Note: Nimbus Token-based incentives would be offered to the Founders, Team and the Board with a vesting schedule. This would ensure that the management team, the board, and the employees are aligned towards the long term creation of value for the Nimbus Token.
How The Proceeds Will Be Used
These tokens will be kept out of circulation and reserved for possible future use incase unforeseen circumstances should arise that the founders, staff, management, or team cannot envision or prepare for in advance.
TOKEN WHITE SALE
The token white sale will last 1 week and only be available to individuals on the newsletter email list.
The token pre-sale will last 14 days and will start the day after the white sale concludes.
The token sale will last ten weeks or more depending on market reaction and market forces at the time.
For more information, please visit the links below for more information;
Author : Maniecool
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