Hey Nimbus Community
This post will be dedicated to the GNIMB - NFTs integration on the Nimbus Platform since we have some updates for you.
First of all, The GNIMB token is launched!
As you know, we are refactoring both NBU and GNBU contracts which will result in the gradual burning of these tokens, which means we should reduce, rather than increase, their presence in circulation.
The goals are clear: the sustainable development of the Platform and maintaining liquidity and the value of tokens.
With that in mind, we decided that users who have purchased NFTs before Nov. 16 will receive the rewards in GNIMB tokens.
In addition, we want to use the distribution of rewards in GNIMB to enable a more sustainable operation of the future DAO. That’s why it was a natural decision to give users who already own NFTs the opportunity to receive the new governance token. Our committed users must participate in the decisional process that shapes the future development of the Platform.
So, let’s recap precisely how NFT deposits and rewards will be functioning:
1️⃣ For all the Smart Staker and Smart LP n-NFTs minted before Nov. 16:
The main deposit will be distributed in GNIMB instead of GNBU part, and rewards will be accrued and distributed in GNIMB tokens.
2️⃣ For all the n-NFTs minted from Nov. 16 to Dec. 16:
The main deposit will be distributed in GNIMB instead of GNBU.
✳️Rewards will be accrued and distributed in GNIMB tokens✳️
Important note:
Don’t forget to withdraw your NFT rewards before Dec 16, 2022!
After Dec 16, 2022, rewards will be distributed in NIMB tokens (accumulated rewards in GNIMB will also be converted to NIMB)
3️⃣ For all the n-NFTs minted after Dec. 16:
The 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 infographics attached to this pos
This post will be dedicated to the GNIMB - NFTs integration on the Nimbus Platform since we have some updates for you.
First of all, The GNIMB token is launched!
As you know, we are refactoring both NBU and GNBU contracts which will result in the gradual burning of these tokens, which means we should reduce, rather than increase, their presence in circulation.
The goals are clear: the sustainable development of the Platform and maintaining liquidity and the value of tokens.
With that in mind, we decided that users who have purchased NFTs before Nov. 16 will receive the rewards in GNIMB tokens.
In addition, we want to use the distribution of rewards in GNIMB to enable a more sustainable operation of the future DAO. That’s why it was a natural decision to give users who already own NFTs the opportunity to receive the new governance token. Our committed users must participate in the decisional process that shapes the future development of the Platform.
So, let’s recap precisely how NFT deposits and rewards will be functioning:
1️⃣ For all the Smart Staker and Smart LP n-NFTs minted before Nov. 16:
The main deposit will be distributed in GNIMB instead of GNBU part, and rewards will be accrued and distributed in GNIMB tokens.
2️⃣ For all the n-NFTs minted from Nov. 16 to Dec. 16:
The main deposit will be distributed in GNIMB instead of GNBU.
✳️Rewards will be accrued and distributed in GNIMB tokens✳️
Important note:
Don’t forget to withdraw your NFT rewards before Dec 16, 2022!
After Dec 16, 2022, rewards will be distributed in NIMB tokens (accumulated rewards in GNIMB will also be converted to NIMB)
3️⃣ For all the n-NFTs minted after Dec. 16:
The 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 infographics attached to this pos
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While we have covered the transition process for the majority of the Nimbus ecosystem, this post is for Nimbus LP stakers!
Becoming a liquidity provider in the new pair GNIMB/BNB will be an excellent move. Here’s how it will work and what you shall receive. 👇
To make the transition from GNBU to GNIMB and transfer the liquidity, we are taking the following steps:
👉The APR on the LP Staking GNBU-BNB is decreased to 0%.
👉GNBU-BNB LP staking rewards have been zeroed on the interface. All accrued rewards will be airdropped to existing LP stakers in NBU tokens without vesting.
👉The new LP Staking GNIMB -BNB, with APR - 100%, has been created
Important!
✅For LPs who provide liquidity to the new GNIMB/BNB pair between 16.11.22 and 16.12.22, their rewards shall be accrued and distributed in GNIMB tokens.
✅In order to get GNIMB rewards, don’t forget to withdraw them before 16.12.22. Starting from 16.12.22, all rewards will be delivered in NIMB tokens.
What does this transition mean for liquidity providers?
Once the Converter tool is launched, you can move your liquidity to the new BNB/GNIMB pair.
Migrating your liquidity to the new GNIMB LP pairs will be extremely beneficial, given the 100% APR.
On top of that, for a limited period, you have the opportunity to get your rewards in GNIMB tokens. That way, you also get voting power and can leave your mark on the Platform’s development!
Becoming a liquidity provider in the new pair GNIMB/BNB will be an excellent move. Here’s how it will work and what you shall receive. 👇
To make the transition from GNBU to GNIMB and transfer the liquidity, we are taking the following steps:
👉The APR on the LP Staking GNBU-BNB is decreased to 0%.
👉GNBU-BNB LP staking rewards have been zeroed on the interface. All accrued rewards will be airdropped to existing LP stakers in NBU tokens without vesting.
👉The new LP Staking GNIMB -BNB, with APR - 100%, has been created
Important!
✅For LPs who provide liquidity to the new GNIMB/BNB pair between 16.11.22 and 16.12.22, their rewards shall be accrued and distributed in GNIMB tokens.
✅In order to get GNIMB rewards, don’t forget to withdraw them before 16.12.22. Starting from 16.12.22, all rewards will be delivered in NIMB tokens.
What does this transition mean for liquidity providers?
Once the Converter tool is launched, you can move your liquidity to the new BNB/GNIMB pair.
Migrating your liquidity to the new GNIMB LP pairs will be extremely beneficial, given the 100% APR.
On top of that, for a limited period, you have the opportunity to get your rewards in GNIMB tokens. That way, you also get voting power and can leave your mark on the Platform’s development!
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The hottest crypto happenings for Nov, 16 💥
📌 The island of Tuvalu turns to metaverse.
📌 UAE regulator adopts blockchain.
📌 Wells Fargo, Mastercard, and the Fed team up on a digital dollar.
📌 Abu Dhabi grants Binance financial services permission.
📌 Trust Wallet integrates with Binance Pay and Coinbase Pay.
📌 The island of Tuvalu turns to metaverse.
📌 UAE regulator adopts blockchain.
📌 Wells Fargo, Mastercard, and the Fed team up on a digital dollar.
📌 Abu Dhabi grants Binance financial services permission.
📌 Trust Wallet integrates with Binance Pay and Coinbase Pay.
Hey GNBU holders,
With small delay, but completely ready to use!
Let us present Nimbus Converter functionality — the tool which enables you to convert old-fashioned GNBU into brand-new GNIMB tokens at a 1:1 exchange rate.
⚡️⚡️⚡️https://app.nimbusplatform.io/#/converter
Now, it's better not to waste your time. Use it in order to become a GNIMB holder. Having GNIMB in your wallets means the possibility of adding liquidity to the BNB-GNIMB pair and using new LP Staking with 100% APR. The same applies to GNIMB Hard and Soft Staking.
The sooner you jump in new GNIMB stakes, the more rewards in GNIMB you accumulate. More GNIMBs accumulated = more decision influence = power you have in the Nimbus Platform governance process.
Don't forget that GNIMB rewards are accumulated and distributed only during a 1-month period — from Nov 16 to Dec 16, 2022. If you withdraw your rewards after Dec. 16, you will get NIMB tokens instead of GNIMB.
P.S.
The transition process is already underway. Today 390,000 GNBU were burnt.
https://bscscan.com/tx/0xab7ffda8452e220d99577d1871b94050aab781c02fc701ae014e54e91955b144
Stay tuned!
With small delay, but completely ready to use!
Let us present Nimbus Converter functionality — the tool which enables you to convert old-fashioned GNBU into brand-new GNIMB tokens at a 1:1 exchange rate.
⚡️⚡️⚡️https://app.nimbusplatform.io/#/converter
Now, it's better not to waste your time. Use it in order to become a GNIMB holder. Having GNIMB in your wallets means the possibility of adding liquidity to the BNB-GNIMB pair and using new LP Staking with 100% APR. The same applies to GNIMB Hard and Soft Staking.
The sooner you jump in new GNIMB stakes, the more rewards in GNIMB you accumulate. More GNIMBs accumulated = more decision influence = power you have in the Nimbus Platform governance process.
Don't forget that GNIMB rewards are accumulated and distributed only during a 1-month period — from Nov 16 to Dec 16, 2022. If you withdraw your rewards after Dec. 16, you will get NIMB tokens instead of GNIMB.
P.S.
The transition process is already underway. Today 390,000 GNBU were burnt.
https://bscscan.com/tx/0xab7ffda8452e220d99577d1871b94050aab781c02fc701ae014e54e91955b144
Stay tuned!
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The hottest crypto happenings for Nov, 17 💥
📌 El Salvador will be "buying one Bitcoin every day starting tomorrow."
📌 Australia promises crypto regulation next year.
📌 Adidas unveils its first wearable NFT Collection.
📌 Sony tries to patent NFT and blockchain technology usage in games.
📌 Red Bull Racing closes out F1 season with NFT.
📌 El Salvador will be "buying one Bitcoin every day starting tomorrow."
📌 Australia promises crypto regulation next year.
📌 Adidas unveils its first wearable NFT Collection.
📌 Sony tries to patent NFT and blockchain technology usage in games.
📌 Red Bull Racing closes out F1 season with NFT.
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✋Hey, Nimbus Community!
We have an exciting announcement. Last night, Nimbus was nominated at Malta AIBC for the best staking product of the year among Kraken, My Liquidity Partner, and Ankr!
Although we didn’t win the award this time, it’s a sign of recognition for which we are grateful.
We have placed intense efforts into every product in the Nimbus ecosystem, and the fact that industry observers are noticing our results is encouraging.
We will continue our work in developing the Platform so that our community can benefit from the best products and experience.
Check out the video 👇
We have an exciting announcement. Last night, Nimbus was nominated at Malta AIBC for the best staking product of the year among Kraken, My Liquidity Partner, and Ankr!
Although we didn’t win the award this time, it’s a sign of recognition for which we are grateful.
We have placed intense efforts into every product in the Nimbus ecosystem, and the fact that industry observers are noticing our results is encouraging.
We will continue our work in developing the Platform so that our community can benefit from the best products and experience.
Check out the video 👇
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At Nimbus, we don’t just provide users with top-notch DeFi financial tools but also educate them on how those tools can be best applied ☝️
https://www.youtube.com/c/NimbusPlatformChannel/videos
https://www.youtube.com/c/NimbusPlatformChannel/videos
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The hottest crypto happenings for Nov, 21 💥
📌 Disney brings back a metaverse-backer Bob Iger.
📌 Brazilian crypto bill resurfaces after general ballot.
📌 JPMorgan registers trademark for crypto wallet.
📌 Binance makes moves in hardware wallet industry with new investment.
📌 Disney brings back a metaverse-backer Bob Iger.
📌 Brazilian crypto bill resurfaces after general ballot.
📌 JPMorgan registers trademark for crypto wallet.
📌 Binance makes moves in hardware wallet industry with new investment.
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The hottest crypto happenings for Nov, 22 💥
📌 The Reserve Bank of India to launch a retail CBDC pilot.
📌 Binance Pool to launch its Cloud Mining service.
📌 S Korean regulators draft new crypto laws.
📌 Kenya to tax crypto transactions at 20% rate on par with bank commissions.
📌 UK lawmakers vote to widen authorities’ powers in seizing crypto-related property.
📌 The Reserve Bank of India to launch a retail CBDC pilot.
📌 Binance Pool to launch its Cloud Mining service.
📌 S Korean regulators draft new crypto laws.
📌 Kenya to tax crypto transactions at 20% rate on par with bank commissions.
📌 UK lawmakers vote to widen authorities’ powers in seizing crypto-related property.
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Nimbus NFT Smart Staker mechanism
You mint the #NFT
▶️Assets get automatically distributed to Smart Staker
▶️The smart contract converts your tokens into NBU, GNIMB, CAKE, and WBNB & distributes it to 2 streams - Soft Staking on Nimbus, and LP staking on PancakeSwap
▶️The Soft Staking Streams generate 60% APR + LP Staking generate up to 40% APR as rewards
▶️You get rewards in 1 click
🔥Don't forget about our limited time offer. For NFTs minted from 16th of November to 16th of December, you shall receive rewards in GNIMB
You mint the #NFT
▶️Assets get automatically distributed to Smart Staker
▶️The smart contract converts your tokens into NBU, GNIMB, CAKE, and WBNB & distributes it to 2 streams - Soft Staking on Nimbus, and LP staking on PancakeSwap
▶️The Soft Staking Streams generate 60% APR + LP Staking generate up to 40% APR as rewards
▶️You get rewards in 1 click
🔥Don't forget about our limited time offer. For NFTs minted from 16th of November to 16th of December, you shall receive rewards in GNIMB
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