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.
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.
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.
NIMBUS 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.
HOW IT WORKS
Open a Store: With the Nimbus Token Platform, you need to open a store. Within your store you need to offer a product or service that will gain consumers attention. This all falls under the economics of supply and demand. A product or service that is very low on supply will have a higher demand, meaning more people will want your product or service. And vice versa, a product or service that is very high in supply will have a lower demand, meaning less people will want your product or service. Therefore, your goal when opening a store is to offer a product or service in low supply.
Build your Product Token: This is your store’s specific token. The product tokens are a new type of cryptocurrency where the customer can buy a product or service via a pre-sale. They will then be able to use their product tokens in the future.
Launch your Idea: You will launch your idea, product or service. You want to make sure you have a good product and/or service to catch your customer’s attention and create sales.
Start Pre-sales: Creating sales is your next step. With a good product and/or service you will generate sales in no time, although advertising and marketing is always a great option to help in this process.
Grow your Business: You need to grow your business with the funds you have generated from your product token pre-sales. This means, advertising, marketing, and growing a customer base that will ensure your shop will stay in business for the long run.
Redeem Product Tokens: And finally our shop is open! Once sales (transactions) are logged, the customer can either use their tokens to buy the store’s products or services, barter their product token for the product token of another store, get a pro rata refund (a refund that is proportional to the total number of tokens issued) for the token or hold on to the token for later use.
WHY CHOOSE NIMBUS TOKEN?
For the first time blockchain technology can be used to raise money for small business projects and for crypto-entrepreneurs, to expand their altcoin collection.
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.
DISTRIBUTION
Vested Tokens*
- 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.
FUNDING ALLOCATION
*Reserve Fund
These tokens will be kept out of circulation and reserved for possible future use in case of unforeseen circumstances should arise that the founders, staff, management, or team cannot envision or prepare for in advance.
ROAD MAP
TEAM
For more information, please visit:
Website: https://www.nimbustoken.com
WhitePaper: https://www.nimbustoken.com/pdf/nimbus-token-whitepaper.pdf
Facebook: https://www.facebook.com/NimbusToken
Twitter: https://twitter.com/NimbusToken
Telegram: https://t.me/NimbusToken
Author: JigaMola
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