The Nimbus Token Platform allows businesses to fund their projects via pre-sales so they can greatly expand their operations, hire new workers and develop new products. The developer found a way to use blockchain hyperledger 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 the whitepaper of nimbus they say “To give the NIM token long term viability, the buyer of product tokens have an immense amount of flexibility. If they don’t like the product token they bought, maybe the store is not performing well, or they are not excited about the product offered, they can barter for another product token from another store, or they can hold onto the token until the token market changes, or they can get a pro rata refund for the token, based the sales the store has logged. Combining this flexibility, with smart contracts, will make the NIM token a more useful cryptocurrency.”
In this model we use a different type of token that we call product tokens. The most different aspect about product tokens is that their value is derived from the sales a specific store generates. 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.
Nimbus explore three different use-cases from three different industries; agriculture, complex manufacturing, and personal services.
NIM VS NIMX
The platform uses two types of tokens, NIM and NIMx. NIM are the utility tokens that is sold during the token crowdsale. NIMx are the product tokens. Every store on the platform has a unique token ID. NIMx (or NIMy or NIMz) are used to denote different product tokens in the whitepaper. Actual unique token IDs could look like NIM.MillerAvocados, NIM.LocusJets, or NIM.ArizonaSpa. Platform users could barter NIM.MillerAvocados product tokens for NIM.ArizonaSpa or any other product token on the platform exchange. They can also be traded on the platform exchange for NIM, which can be traded openly on third party exchanges.
Distribution and funding allocation
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.
Fund Allocation
*Reserve Fund 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.
Nimbus Roadmap
PROJECT DEVELOPMENT PHASES
Nimbus has 5 Phase to develop the project:
Phase 1: Staffing
Phase 2: Alpha Prototype Development
Phase 3: Beta Testing
Phase 4: Golden Master Deployment
Phase 5: Upgrades and Expansions
