More than you might think actually, as cryptocurrencies and the distributed ledger technologies have disrupted the way you can raise money for your product. With the help of ICOs, blockchain-based projects can transparently raise money for their business given that the company is real.
These projects usually use the Ethereum blockchain to release ERC20-based tokens, an architecture that facilitates the creation of Smart Contracts, a technology that allows the creation of contracts in a programmable way without having to rely on a third-party authenticator. Cryptocurrencies have prompted a revolution of value and the very technology of money, The way we perceive value might also change for the better!
With the help of the Nimbus Token, business and fund their ideas with the help of pre-sales the way ICOs do it and thus increase their overall operations while adding new talent and developing new branches. Virtually any business can raise money for their business projects as there is an ever-growing number of crypto investors who are actively looking to diversify their portfolio with legitimate projects.
So how does it work? Businesses open up a store on the platform after which they build the actual product token with the help of the NIM and NIMx tokens. Once all of these conditions are met, the campaign can be launched and when the final product is created the buyers can redeem their desired outcome with the reserved tokens.
Take, for instance, a successful spa owner wants to open another establishment, but he lacks the funding? He can use the Nimbus Platform to find the required funding with the help of NIM tokens. For every transaction or service that the SPA does, a percentage of these transactions go into the customer’s product wallet. Now the customers have two main choices with regards to these tokens:
To maintain a sustainable ecosystem, business owners will have to incentivise the use of tokens for their services or other products on the platform; this can be achieved with special customer bonuses or exclusive offers that entice the customers to recycle the tokens. While this is just an eloquent example, the Nimbus platform can be used for virtually anything that requires funding and could be classified as a commodity, from aeroplane parts to vegetables. Blockchain technology, once scaled at large, will disrupt the way we think about transactions and store of value.
Another strong point of the project is the fact that John McAfee is on the advisory board, a prominent figure in the crypto community and a visionary when it comes to software development, John believes in the disruption potential of the Nimbus Platform. Should you be interested in more in-depth details about this project, go to https://www.nimbustoken.com/!
