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Syncord is a DAO-governed platform that offers earning strategies for users boosted by multiple layers of risk-management. Receive rewards from IPO participation, Lending & Borrowing, and more in one spot.
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The hottest crypto happenings for Nov, 8 πŸ’₯

πŸ“Œ Japan’s largest mobile operator to establish Web3 consortium.

πŸ“Œ Crypto players can benefit from MiCA legislation.

πŸ“Œ Binance CEO announces intent to acquire FTX to β€˜help cover the liquidity crunch’.

πŸ“Œ German financial regulator orders Coinbase to address risk management after discovering deficiencies.
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Hey Nimbus CommunityπŸ‘‹

Today’s glossary covers a method that makes your activity much easier, especially when dealing with a high volume of transactions: Transaction Batching.

Let’s see how it works and what the advantages are for the user.

Batching transactions first appeared in traditional finance, but it’s also extremely useful in crypto. It means transactions are grouped and processed as a batch instead of one at a time.

Advantages of transaction batching

Transaction batching means
βœ“ Less time
βœ“ Lower costs
βœ“ Less block space used
βœ“ No intervention once they are batched

So when you have numerous payments to make to various people regularly, transaction batching is the ideal solution. You can group them and send them at once as one transaction!

Nimbus Multisender is the perfect example– it allows quick distribution of tokens to different wallets by batching multiple transactions into one.

As for the supported tokens, the Nimbus Multisender V2.0 supports 10 new tokens on BSC Mainnet and 9 new tokens on the ETH mainnet!

Check the Platform to see how you can use Nimbus Multisender for bulk cryptocurrency transfersπŸ‘‰ Here!
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Hey Nimbus community,

One of the biggest Nimbus’s launch for Q4, 2022 is definitely the launch of new Governance token β€œGNIMB”, which is scheduled for November 16th!

And we bet you’ve got questions!

In the next 7 days, we will help you get on top of the GNIMB token: its launch, its use cases, tokenomics & how the GNIMB will be implemented within the Nimbus ecosystem


What is the GNIMB token?

βœ…GNIMB is the new governance token of the Nimbus Platform!

βœ…GNIMB is launched to improve the governance process of the Platform. It is with a refactored contract of the GNBU token

βœ…GNIMB will fully replace GNBU after the end of the transition period

βœ…GNIMB total supply is 100,000,000 tokens. 

Check the cards to get more info πŸ‘‰πŸ»
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πŸ‘‹Hey Nimbus Community,

The GNIMB token’s launch is T-minus 5 days away.

How we’re making the GNBU -> GNIMB transition seamless for you?

Using the handy Nimbus Converter tool & the Nimbus Swap!

βœ…Transition from GNBU to GNIMB using the Converter tool:

We will deploy the Nimbus Converter tool along with the GNIMB launch (i.e. Nov. 16th).
Using the Converter tool, GNBU holders can change their GNBU tokens to GNIMB tokens at a 1:1 exchange rate (i.e. 1GNBU = 1GNIMB).
Please note that the Converter executes operations only in one direction GNBU to GNIMB. Opposite operation is not available.

βœ…Getting new GNIMB tokens via Nimbus Swap machine:

We will deploy a new pair GNIMB/BNB at the time of the governance token’s launch (i.e. Nov. 16th)
Using the Swap tool, anyone who has BNB can change them to GNIMB tokens. Support for more assets will be added shortly after.

Didn’t catch the process very well? Not much of a reader?

We’ve got you! Refer to the infographic above to follow the Convertor & Nimbus Swap logicπŸ‘†

For any queries on GNIMB, the launch, or the transition process, you can reach out to us on Nimbus Telegram Chat or Discord.
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The hottest crypto happenings for Nov, 10 πŸ’₯

πŸ“Œ Twitter has applied to become a money service business.

πŸ“Œ EU lawmakers vote stronger cyber protection for crypto.

πŸ“Œ Latin America's largest bank partners with Galaxy to introduce crypto ETFs.

πŸ“Œ U.S. may strengthen crypto laws after FTX debacle prompts industry to call for clearer regulation.

πŸ“Œ Binance adds support for credit/debit card payments via Apple Pay and Google Pay.
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πŸ‘‹Hey Nimbus Community,

We've fixed the GNBU voting bug concerning users who delegated their votes.

For complete transparency, we've prepared a report on:
◾️How was the bug addressed?
◾️What can users expect?
◾️What upgrades were made to the Nimbus DAO?

Read the full report πŸ‘‰ Here!
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πŸ‘‹Hey, Nimbus community,

We feel an update is necessary on TAKE IT NFT to paint an accurate and more detailed picture of the logic implemented in it.

1️⃣Let us remind you about the core mechanism of TAKE IT NFT.

User's staking balanceβ€”->Nimbus Platformβ€”β€”>Swap at exchange rate equal but not less than entry price + 10% of the entry amount β€”β€”>Users receive BUSD

The most important here is that TAKE IT NFT holder finally receives:
Minimum - the amount equal to his initial amount of assets + 10% bonus from this amount
Maximum -  the final amount is not limited.
βœ…That's how it works and will work for TAKE IT holders in the Nimbus Affiliate Program

2️⃣Let us explain to you why the selling issue is crucial in this process.

In order to avoid big token price fluctuations and maintain liquidity at a high level, it's important to find the right moment to start the selling process.
Selling at the entry price doesn't mean selling all the users' tokens at the same time - everyone understands what this might lead to.
The selling process might be paused if we see that it might a threat to the project's sustainable development, but in the next good moment, this process will be continued and finally finished with selling all the tokens.
Moreover, we can't make any announcements before or during the token sell due to security matters. We should avoid attempts from traders and arbitrage bots working against the price growth.

3️⃣Let us tell you about the improvements in TAKE IT NFT.
We are now developing and improving the TAKE IT NFT dashboard in your personal cabinets. Soon, all TAKE IT NFT holders will be able to monitor the selling progress to understand how many tokens are left to be sold.

We value all your input, and we’re glad you are sending us all your thoughts and feedback. We want to reassure you that every step we take is towards making Nimbus as strong as possible for all of us.

You can reach out to us on Nimbus Telegram Chat or Discord for any queries.
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The hottest crypto happenings for Nov, 11 πŸ’₯

πŸ“Œ New York Fed collaborates with Singapore MAS to explore CBDCs

πŸ“Œ US senators commit to advancing crypto bill.

πŸ“Œ Oil giant Shell makes move into Bitcoin mining industry.

πŸ“Œ The Japanese tradfi giant Nomura is set to launch crypto trading platform.
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It's never too late!

At Nimbus, we make it easy for you to break into DeFi with one click-dApps, automated strategies, easy-to-follow guides & resources from the top minds, & more!

Start your journey now πŸ‘‡
https://nimbusplatform.io
πŸ‘‹Hey, Nimbus Community,

The GNIMB launch is just a few days away, so we continue telling you about every aspect regarding the transition from GNBU to GNIMB.

And today the subject of our message will be Nimbus Smart NFTs and how they will be engaged in GNIMB launch.

1️⃣ For all the Smart Staker and Smart LP n-NFTs minted before Nov. 16th:
Main deposit will be distributed in GNIMB instead of GNBU part Rewards will still be accrued and distributed in NBU tokens

2️⃣ For all the n-NFTs minted from Nov. 16th to Dec. 16:
Main deposit will be distributed in GNIMB instead of GNBU part
✳️Rewards will be accrued and distributed in GNIMB tokens✳️

3️⃣ For all the n-NFTs minted after Dec. 16th:
Main deposit will be distributed in GNIMB instead of GNBU part Rewards will be accrued and distributed in NIMB tokens

◾️To get the full picture of how the deposits and rewards will be distributed please check our infographiques attached to this publication.

Rewards in GNIMB is a unique and limited time offer, so be prepared and don't miss this opportunity. And don't forget to withdraw your GNIMB rewards before December 16, 2022.

We also want to explain you what’s the motivation behind distributing GNIMB tokens as a rewards.

πŸ”ΉTo ensure a fair token launch, giving every community member a chance
πŸ”ΉTo reward long-term token holders and Nimbus users for their loyalty and support for the Nimbus vision;
πŸ”ΉTo ensure that every loyal Nimbus community has a chance (voting rights) to have a say in the future direction of the Nimbus platform. We see this transition period as a chance to tighten our community even more. That’s why we’re offering you this opportunity to be the first to receive this new GNIMB token. You, our loyal members, are the core of our community, so providing you with voting tokens was a very natural decision.
πŸ’‘Finally, to reiterate, this is a limited-time offer that won’t affect in any way the GNIMB token’s essential role as a governance token.

Stay tuned and have a great weekend!
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Fast fact:

Did you know that paper money🧾 is actually made of 25% linen and 75% cotton, not paper?πŸ€“

Put πŸ”₯ if you didn’t!
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The hottest crypto happenings for Nov, 14 πŸ’₯

πŸ“Œ Binance starts a recovery fund.

πŸ“Œ Kraken, Coinbase and Gate io publish proof of reserves with liabilities.

πŸ“Œ Vitalik Buterin will help Binance prove its reserves.

πŸ“Œ Salvadoran President Bukele says Bitcoin is β€˜the oppositeβ€˜ of FTX.
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Hey, Nimbus community,

Today we'd like to tell you about Hard and Soft Staking regarding the GNIMB launch. If you're a GNBU staker, this post is definitely for you!

With the GNIMB launch just 2 days away, you must be curious about your current stakings & the new GNIMB staking process.

Read along for all the info.

βœ…For the new GNIMB Hard & Soft Staking, the rules are:
πŸ‘‰New GNIMB Hard & Soft staking will be launched on the day of the GNIMB token launch - Nov. 16, 2022;
πŸ‘‰New GNIMB staking will be available with the same APR and staking periods as the GNBU staking;

⭐️⭐️⭐️For users who make GNIMB Hard & Soft stakes between Nov. 16 to Dec. 16, your rewards will accumulate and be distributed in GNIMB tokens, but only if your rewards are withdrawn before Dec. 16.

πŸ‘‰For users who stake after Dec. 16, rewards will be accumulated and distributed in NIMB tokens.

βœ…For current GNBU Hard & Soft staking, the rules are as follows:
πŸ‘‰Once the "Converter tool" is launched, you'll only be able to withdraw the rewards and get back your staking primary deposits from GNBU stakes.
πŸ‘‰ All GNBU staking will be unavailable after Nov. 16.
πŸ‘‰For all GNBU stakes made before Nov. 16, the rewards will be paid in NBU tokens.
πŸ‘‰You can then use the "Converter tool" to change your GNBU token to GNIMB at a 1:1 exchange rate.

For any queries regarding the GNIMB token launch or transition, write to us on:

β˜‘οΈTelegram: https://t.me/Nimbus_Platform_ENG
β˜‘οΈDiscord: https://discord.com/invite/zvVjU78f85
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