ICOs are an integral part of the Cryptocurrency space; they have given ordinary people the ability to invest in a project they believe in. Simply put, you can now invest in up and coming companies like Facebook or Google from the ground up with how much money you can afford to invest.
However, the ICO method is reserved mainly for the blockchain space project. Contrary to what many believe, the distributed ledger technology is not the best solution for everything, so how can traditional businesses benefit from the innovative fundraising method, coined (pun intended) by the ICO methodology?
The Nimbus Token: A platform to fund your next business venture!
So you have a small business that you would like to take to the next level by hiring new employees and scale intro new products, but you lack the funding? The Nimbus platform is here to help you do just that. With the help of the hyper ledger technology stack, any legitimate business or company can raise money to develop their endeavour by appealing to crypto entrepreneurs who are looking to grow their altcoin portfolio. But why use this method to crowdfund your business or your idea? Well, simply put, some of the current legacy platforms are charging up to 40% of the raised funds.
So how does the platform work?
Once a retailer opens up a store on the Nimbus Platform, each logged sale will mine NIM tokens. The backers of the project that purchased the NIM tokens in the pre-sale period will receive the unique product of the platform NIMx. The owners of this particular product can trade it for exclusive products available to this select group of users. The utilities of the NIM token are varied as follows:
- The opening of a store on the platform
- transfer to other holders to open another store
- trade on an exchange for its store of value
Thus, the disruptive nature of the platform will allow businesses to build up their operation with the help of token sales launched on the Nimbus Ecosystem. Once any of these successful stores log transactions, NIM tokens from the available pool will be placed in the store owner’s wallet as a reward. The consumed NIM tokens are put back in the pool to be mined when the stores make sales operations, this way, a sustainable system based on pure “offer and demand” laws is implemented.
The Nimbus platform is entirely legal and also compliant with the infamous “Howey Test” that states that any ICO or cryptocurrency is not falling under the register of a Security. The Nimbus platform scored 20 out of hundreds.
The Nimbus Tokenomics
Should you be interested in participating in this ICO, you can purchase now NIM tokens, 1 ETH will get you 2000 pieces. 70% of the generated tokens will be sold during the token sale period while the rest of the 30% is reserved for the team, founders and any fees that might appear on the way. Please visit https://nimbustoken.com.