NIМВUS | Official News Channel

2022-01-17 17:42:20 Hey Nimbus Community,

The Nimbus Support has shifted completely from Zendesk to the new link called ‘Help Center.’

You can find the ‘Help Center’ at the bottom right corner of the Website, or you can simply bookmark the Support Link Here! Open / Comment

2022-01-14 18:24:51 Hey Nimbus community,

This week the International Monetary Fund has finally acknowledged that crypto and equity markets have become increasingly interconnected across economies over time. To be more precise, IMF economist Tara Iyer said that “crypto-assets such as Bitcoin have matured from an obscure asset class with few users to an integral part of the digital asset revolution.” Who could have imagined, huh?

Howbeit, let’s try not to be sarcastic. Instead, we find it important to mention that almost a quarter of small businesses in nine countries around the world plan to accept digital currencies as a form of payment in 2022. Moreover, 13% of consumers in those countries expect retail stores to begin offering crypto payments this year and beyond, according to a survey by Visa Inc. Curiously, small businesses outside North America are more open to accepting digital currencies, including Bitcoin, as forms of payment.

Another great news is that TransUnion, one of the three major U.S. consumer credit reporting firms, will let consumers give blockchain companies access to their credit data through the security firm Spring Labs’ ky0x Digital Passport. On top of that, Visa Inc. joined its rival Mastercard Inc. in offering central banks a way to test retail applications for digital currencies they might issue.

Finally, yet importantly, Twitter began to test out a feature that allows users to link to encrypted wallets. The company previously stated that NFTs would be replaced with avatars and a blue mark would be added. Still, the first step is to connect to a cryptocurrency wallet. Open / Comment

2022-01-14 18:24:49 Open / Comment

2022-01-12 19:12:47 Hey Nimbus Community, 

You must have heard your favorite crypto bloggers mention the phrase 'DYOR'.

And there are good reasons why they mention it so often!

Follow the image above to discover its meaning.

Why is it so important to DYOR?

DYOR is important to ensure that you get an unbiased perspective on an asset, protocol, or strategy you are interested in
It also protects you from Sybil attacks that are very common on social media Reddit, Twitter, etc. 
With more research and understanding of assets or protocols, you can be more confident about your interests and future goals and keep your assets safe from fraudulent projects
DYOR as a phrase has permeated into popular culture and is widely used to encourage amateur users in any arena to navigate a minefield of misinformation

P.S. - We're curious which crypto blogger do you watch on YouTube? Or, if you are a reader, which crypto blog do you follow the most?

Do let us know in the community chat channels on Telegram or Discord!

#NimbusAcademy #NimbusGlossary Open / Comment

2022-01-12 19:12:46 Open / Comment

2022-01-12 16:17:53 Hey Nimbus Community,

We're here to give you more context on the confusion regarding reward accruing for your Smart LP NFTs.

To explain better, let’s recall the reward distribution of this n-NFT:
The first portion i.e. 70% of your supplied assets, gets provided as liquidity to the Nimbus Swap: to BNB/NBU and BNB/GNBU pairs. Then it goes to LP staking and starts generating rewards.
The second portion, i.e. 30% of the supplied assets, goes to the Lend dApp, acting as overcollateralized loans. It then generates rewards when somebody borrows from the BNB pool.

So while the rewards from the first portion of assets are received automatically, the Lend dApp rewards are a bit more tricky. If nobody has borrowed from the BNB pool while you were holding the n-NFT, you cannot receive rewards. Only the LP rewards will accrue.

Additionally, due to some technical discrepancy, the LP rewards were not displayed in the interface either. Now this issue is fixed, though. There is some ground left to cover for a few more wallets, and we are solving that as we speak!

So while we take care of the technicalities, let’s boost the borrowing side together
You can borrow BNBs and stake them — or do many other things to multiply them before paying off the loan.
Check the APR here and borrow some BNB now:  LINK Open / Comment

2022-01-12 16:17:52 Open / Comment

2022-01-07 16:23:30 Hey Nimbus community,

The year 2022 started for the crypto industry on a harsh note – practically all of the major digital currencies dipped. Partially this could be attributed to the unstable political situation in Kazakhstan. According to BitMEX Research, if bitcoin miners decided to leave the country, the bitcoin hash rate would suffer an important drop. Does it mean that bearish sentiment just begins to take hold? On the on hand, it’s very unlikely that even a steep fall in the hash rate will trigger a major sell-off. On the other hand, the tightening of the monetary policy by the Fed may do the job. Overall, it looks like January will be quite volatile for the industry.

Still, it doesn’t mean you should panic. For instance, Coinbase executive believes that the industry will constantly seek advancements in the speed and functionality. Surojit Chatterjee also predicted increased industry-wide regulation and institutional investment in DeFi. Finally, he mentioned the emergence of DeFi insurance and increased brand engagement in Metaverse and NFTs. Thus, don’t let the market fool you!

Talking about forecasts, we find it important to mention that Goldman Sachs analysts don’t discount that Bitcoin will continue to take market share from gold as part of broader adoption of digital assets, making the often touted price prediction of $100,000. Goldman estimates that Bitcoin’s float-adjusted market capitalization is just under $700 billion. The value of gold that’s available for investment is estimated at $2.6 trillion.

Finally, yet importantly, we recommend you to check out the “How to Bitcoin” book by CoinGecko. Long story short, it offers easy-to-understand analogies and step-by-step guides to help you understand the Bitcoin movement and how to be part of it. Also, they have a book called “How to NFT” , which covers various categories of NFTs and how they generate value. Open / Comment

2022-01-07 16:23:22 Open / Comment

2022-01-06 21:48:41 Hey Nimbus Community,

A new Support Link has been added to make your experience on Nimbus even more flawless!

With the new support link, you can:
Request technical support, including MetaMask configuring or troubleshooting on any other functionality;
Report bugs you identify on the Platform, and the tech team will get on fixing those;
Suggest new features and improvement ideas to make the Nimbus Platform even more efficient and frictionless.

Check out the new support link Here!

In the meantime, we are also working on establishing a new Internal support system to improve the interactions with the Nimbus Support team, which now covers 4 languages: English, Spanish, Russian, and Hindi.

We look forward to having you onboard. Let's make the Nimbus Platform even more efficient and frictionless together! Open / Comment