NIМВUS | Official News Channel

2021-11-22 21:27:08 Hey Nimbus Community,

It's been another productive biweekly sprint run for your Nimbus Team.

Without further ado, let's look at the progress made!

Bridge between Nimbus LP staking section and PancakeSwap:
Now you can provide liquidity to NBU & GNBU (BEP-20) pairs on PancakeSwap but stake the LP tokens that you receive in return on the Nimbus Platform. This way, you can receive both your swap rewards from the PancakeSwap trading and from the LP staking, at 100% APY — yay! A similar bridge was also established with the Uniswap. This means you can benefit from a similar feature by providing liquidity in the ERC-20 tokens as well.

Note — Make sure you use the same wallet in both PancakeSwap or Uniswap and the Nimbus Platform: otherwise the bridge won’t work.

Analytics Page (Backend):
In one of the previous sprints, we informed you about improving data on the analytics page by substituting the Subgraph with our own novel code. The work for the same on the backend has been completed, and we will no longer be using the Subgraph since all the data will be taken from our own backend. This means you will now have extremely accurate analytics to make well-informed real-time decisions on the Nimbus Platform.

Support Clearance:
And as for the Nimbus support clearance, out of 77 support tickets received, 68 have been resolved successfully.

We saved the best for the last!

Nimbus NFT token:
NFTs are changing both cultural and economic experiences for collectors and creators. As a holistic ecosystem, it seems natural to introduce NFT as a functionality on the Nimbus Platform. Hence, your team has been working on the Nimbus NFT token for the past few months, which will provide users with easy access to even more reward streams! We have finalized the smart contracts, and they are under auditing at the moment. The NFT token is coming sooner than you would expect! Stay tuned!

This is it for this sprint run, and we'll be back with the next one soon Open / Comment

2021-11-22 21:27:06 Open / Comment

2021-11-19 23:49:33 Hey Nimbus community!

Metaverse, an alternate digital reality, is rapidly becoming the new black. Since Facebook rebranded to Meta, markets were talking about nothing else but opportunities in the newborn sector. Many believe that the metaverse could increase the need for digital native currencies like cryptos. By the way, Meta Platforms recently launched a crypto wallet project called Novi. Overall we can say that now begins the race to build the best metaverse with a supporting digital asset experience.

Another great news for the crypto industry came from Galaxy Digital, technology-driven financial services and investment management firm, and TIME - a global media brand. Both companies partnered combining the Power of Media and the Metaverse to Educate Readers. TIME will leverage Galaxy Digital's deep expertise in virtual worlds to assist in explaining the metaverse and its exciting potential for the future. It should be noted that true to its crypto and Web3 focus, Galaxy Digital financed this partnership with Ether.

Regarding the DeFi industry, in its latest research note, banking giant JPMorgan stated that the decentralized finance sector has plenty of room for growth. Chief analyst Nikolaos Panigirtzoglou writes that the sector is still in its infancy: “There is little doubt that DeFi is still at early stages and thus has a lot of potential to grow over time”. Open / Comment

2021-11-19 23:48:37 Open / Comment

2021-11-17 23:15:12 Hey Nimbus Community,

You may have heard a lot about Bug Bounty programs and white hackers receiving delicious rewards for identifying vulnerabilities for different protocols!

Have you ever wondered what exactly a Bug Bounty is? Or what do Bug Bounty hunters do in order to receive such massive rewards?

The Nimbus Glossary is back to explain to you the term — Bug Bounty

Check the image above to discover its meaning.

Don't forget! Your Nimbus Platform has an ongoing Bug Bounty Program on Hacken!

All our Bug Bounty hunters have the chance to be rewarded with up to $10,000 for every critical vulnerability detected!
Participate now to unlock your Bug Bounty Here!

#NimbusAcademy #NimbusGlossary Open / Comment

2021-11-15 20:16:42 Hey Nimbus Community,

The new guides on Liquidity Providing and LP Staking are live!

With them, you’ll see step-by-step how you can become a Liquidity Provider at the Nimbus Platform and receive 2 types of rewards:
fixed 100% APY for LP token staking with rewards in NBU
0.3% Swap fee reward from each swap happening in your pool. Half of it is received in the NBU and the other half — in the other original token that is being swapped. These fees are then divided between all liquidity providers in accordance with their pool shares

The LP guide explains how to become a Liquidity Provider and start receiving Swap fees — see it here.

The LP Staking guide will walk you through the process of LP token staking so you can receive 100% APY without any hassle — see it here!

… And if you are looking for any other guide for a different functionality on the Platform, you can find it in our previous Telegram post here Open / Comment

2021-11-12 16:34:09 ​​ Hey Nimbus community,

It was a week full of records. First thing first, Bitcoin surged to new highs for the first time after inflation data bolstered the argument that the cryptocurrency is a hedge against rising cost pressures. Other coins also rose, with the Bloomberg Galaxy Crypto Index improving as much as 2.4% to its highest level since May.

Secondly, ProShares’ Bitcoin futures exchange-traded fund rose to the top 2% of all ETFs in terms of the total trading volume. Bloomberg senior ETF analyst Eric Balchunas noted on Thursday that the instrument had $400 million worth of shares traded on Wednesday, with its average volume consistently putting it in the top 2% of all ETFs.

Finally yet importantly, digital asset manager Grayscale has topped $60 billion in assets under management, surpassing the SPDR Gold Shares, the largest and most liquid gold exchange-traded fund in the world. According to the firm's Wednesday update, Grayscale now controls $60.8 billion in AUM, compared to SDPR Gold Shares' current AUM of $58.3 billion.

Another curious fact the crypto community learned this week was that Apple CEO Tim Cook personally owns cryptocurrencies, using digital assets to diversify his investment portfolio. Should we expect a crypto integration in the Apple devices any time soon? Open / Comment

2021-11-11 16:36:53 Hey Nimbus Community,

The Nimbus Lend & Borrow dApps will be temporarily dismissed from the Ethereum network, effective today (November 11th, 2021). For the time being, these dApps will function solely on the Binance Smart Chain network.

Why? Because on the one hand, we see that due to the high gas fees, you use these dApps on BSC. On the other hand, while the functionality on Ethereum remains unused, it takes too many resources for contract republishing as we improve these dApps.

Connect your wallet to see current rates   here! Open / Comment

2021-11-07 10:09:47 ​​ Hey Nimbus community,

Have you ever thought of receiving a part of your salary in Bitcoin? Miami Mayor Francis Suarez announced earlier this week that he’ll take his next paycheck entirely in the cryptocurrency. By the way, did you know that last month Mr. Suarez said that he’s working on a plan that would allow Miami to pay city workers in bitcoin?

Why Bitcoin? Most probably because of the high level of liquidity. Thus, eventually authorities might start accepting alternative altcoins. However, they should take more precautions when choosing the coins to work with as the market is still full of “dummies” that are worth nothing. One of the perfect examples would be Squid Game token, which crashed to zero as developers make off with $3.4M. According to some reports, over 40,000 investors have lost their money in the rug pull.

In terms of opportunities, on the other hand, the SEC might soon approve an ETF based on Ethereum futures. VanEck was the first fund manager this year to apply for an Ethereum Trust in May, which would physically hold the crypto asset. However, before that, the regulator has to clarify whether ETH is or is not a security.

In the meantime, the NFT market continues to gain momentum. Film director Quentin Tarantino is auctioning off seven never-before-seen “Pulp Fiction" scenes as NFTs. Each token will contain “secret" content that’s only revealable to its owner. Who will be next? Open / Comment

2021-11-03 17:54:03 ​​ The Nimbus Glossary series is back!

The Nimbus DAO members have the power to participate and drive the future direction of the platform in terms of technical, economic, and governance-related matters.

Because it's such a powerful tool to implement true decentralization, the Nimbus Glossary today brings to you the term —  DAO

Here are some interesting facts about DAOs:
DAOs may have different purposes for their existence. Depending on that purpose, their members may also have different decision-making power related to diverse aspects of the organization. The key goal here is to establish a balanced system that would address the original goal of creating such a DAO and be sustainable in the long-run.
Initially, Bitcoin was considered the 1st project that was close to being a DAO until Ethereum and its smart contract technology were launched.
Governance tokens stand at the heart of implementing the powers that a DAO enables to a community. GNBU is an example of such token.

And yes, we know DAO is a complex topic - let us know if you’d like to learn more: share your feedback in our chats 
#NimbusAcademy #NimbusGlossary Open / Comment