Syncord | Official News Channel
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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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Hey Nimbus Community πŸ‘‹

Are you familiar with meme coins?

Meme coins are social cryptos made to represent a particular meme or internet culture phenomenon.

They are often created as a joke or for fun, and their value is largely based on their popularity within the online community.

Understand more about them, their potential, their risk, and more here:

LINK

P.S. Tomorrow we will hold a meme coin quiz and the link to it will be available in the article above! πŸ™Œ
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Hey Nimbus Community πŸ‘‹

Thanks to all that took part in the Nimbus Library feedback!

We'd like to reveal that most users feel more beginner info and more info about earning strategies can improve the Library.

We're taking your thoughts into consideration and do what we can to improve the Nimbus Library.

Stay tuned!
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NEW Special Nimbus Memecoin Quiz! πŸ₯³

This quiz has questions based on memecoins!

Prize Pool: $150 in NIMB!

Duration: 72 hours

Follow this twitter for entry instructions:
https://twitter.com/nmbplatform/status/1657053070205898753

Why is this quiz special?

We usually have 5 winners but this quiz will have lucky 10 winners! 🎁
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Crypto News Digest ⚑️

πŸ‘‰ ​​The surge in staking rewards results in Ethereum validators earning a record-breaking $46M

πŸ‘‰ The Federal Reserve's FedNow will soon integrate with Metal Blockchain

πŸ‘‰ China establishes a national blockchain center to train 500k specialists

πŸ‘‰ BlockGPT creates a β€˜chat to earn’ ecosystem for training artificial intelligence

πŸ‘‰ MetaMask has launched Ethereum purchases through PayPal exclusively for US users

Read more here:
LINK
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Hey Nimbus Community πŸ‘‹

Here's your Weekly Nimbus Metrics!
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How would you describe your crypto expertise?
Anonymous Poll
21%
Beginner
62%
Enthusiast
16%
Expert
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Time to announce the 10 winners of our Nimbus Memecoin Quiz πŸ₯³

The winners can be found here:
https://twitter.com/nmbplatform/status/1658442483204780035

We hope you enjoyed the quiz and our Library. Stay tuned for more news, valuable insights and new quizzes!

Invite friends to get educated and rewarded!
πŸ‘‰ https://nimbusplatform.io/library
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Crypto Adoption Continues πŸ‘

Texas recently voted to add crypto to its Bill of Rights πŸ—³οΈ

The state lawmakers in Texas voted to modify the state's Bill of Rights by including a clause acknowledging individuals' entitlement to own, keep and utilize digital currencies.

The Texas Constitutional Enforcement group expressed the significance of incorporating digital currencies in the Texas Bill of Rights as a means to preserve Texans' financial confidentiality and safeguard their wealth from the US dollar's volatility.

Like πŸ™Œ if you think this is bullish for crypto!
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Who created DeFi? πŸ€”

DeFi has been in existence for less than 10 years and has already amassed a market cap of over $47 billion.

As amazing as DeFi is, it’s actually difficult to pin point who created it.

Understand why here:
LINK
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Hey Nimbus Community πŸ‘‹

Here are the 3 major benefits we provide when it comes to Nimbus Staking:

πŸ‘‰ Attractive APRs
πŸ‘‰ Yield rewards every second
πŸ‘‰ Choose between soft and hard staking

Our efficient and convenient platform gives you a frictionless experience to stake Nimbus tokens!

Get started with Nimbus Staking todayπŸ‘‡
https://app.nimbusplatform.io/#/staking
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How significant are Elon Musk's tweets on the crypto market? πŸ€”

There are several use cases of Elon tweeting about a crypto, which leads to its price skyrocketing πŸš€

One of his latest crypto tweets caused that crypto to go up by 11,632%!

Learn more about Elon's influence on the market and why it may be happening here πŸ‘‰ LINK

P.S. We will have a quiz about Elon Musk's crypto tweets tomorrow! πŸ™Œ
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What's your favourite L1 Chain? β›“️
Anonymous Poll
64%
BSC
19%
Ethereum
18%
Other
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NEW Elon Musk Crypto Twitter Quiz! πŸ₯³

This quiz has questions based on Elon Musk's crypto tweets!

Prize Pool: $150 in NIMB!

Duration: 72 hours

Follow this twitter for entry instructions:
https://twitter.com/nmbplatform/status/1659519844071489537

10 lucky winners will be chosen! 🎁
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Crypto News Digest πŸ˜€

πŸ‘‰ Major Australian bank Westpac begins trial for cryptocurrency payments

πŸ‘‰ MiCA crypto regulation gets approved by EU finance ministers

πŸ‘‰ Zimbabwe sells $39 million worth of gold-backed crypto tokens

πŸ‘‰ Finance Firm β€œSolid World” Creates Carbon Liquidity Pools With Polygon

πŸ‘‰ Ripple Acquires Crypto Custody Firm Metaco for $250M

Read more here: LINK
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Hey Nimbus Community πŸ‘‹

We are hiring!

We're searching for a Solidity Developer that will join our mission in establishing the next decades of finance πŸ†

If that's you, see our LinkedIn post here:
LINK
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Hey Nimbus Community πŸ‘‹

Here's your Weekly Nimbus Metrics!
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Is DeFi high risk? πŸ€”

πŸ‘‰ Some say yes because the crypto markets are volatile
πŸ‘‰ Some say no because blockchain technology is safe
πŸ‘‰ Some say it depends on what you enter

We've taken a deep dive into DeFi's risk dynamics and have some interesting information to share with you.

Find out here: LINK
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Time to announce the 10 winners of our Nimbus Elon Musk Quiz πŸ₯³

The winners can be found here:
https://twitter.com/nmbplatform/status/1660968644933828608
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Who controls DeFi? πŸ€”

The answer is simple: The People do 

There is no central authority governing DeFi and therefore, everyone can access protocols on an even playing field. But, is it good thing?

We explain the pros and cons here: LINK
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What crypto did you buy first?
Anonymous Poll
80%
BTC
20%
ETH
The European Union has officially adopted the MiCA legislation 🏳️

Here's how the legislation intends to classify crypto assets:

Asset-referenced tokens (ARTs)
A specific type of crypto-asset designed to uphold a steady value by referencing the worth of multiple fiat currencies recognized as legal tender, one or more commodities, one or more crypto-assets, or a blend of these assets.

Electronic money tokens (EMT)
They maintain a stable value by linking itself to the value of a fiat currency that is defined as legal tender. The contrast between ARTs and EMTs lies in the structure of the underlying asset that serves as the foundation for their value. ARTs rely on non-cash assets or a collection of currencies.

Non ARTs or EMTs
Other tokens that doesn't fit the description of ART or EMT, such as utility tokens are not considered to be financial instruments. It's also worth noting that the MiCA legislation excludes DeFi and NFTs.
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