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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The GNBU (ERC-20) token is now officially listed on Zerion!πŸš€βœ¨

Check it outπŸ‘‰ Here!

Zerion is an award-winning crypto investment platform used by over 200K investors from over 150 countries! According to Zerion's website, their users have made transactions worth +$600 million so far, while their application processes $5 million worth of overall transactions every day.

Over the past couple of months, we have achieved several milestones, including launching Nimbus on BSC, deploying the Wrap Machine, releasing the P2P Exchange, and some back-to-back listings. Quite productive, eh!

But this is just the beginning! With the launch of the Lending-Borrowing dApp on the horizon, many more opportunities await you!😎

GNBU and NBU (BEP-20) listings are on the way, too!
πŸ” Hey folks, wondering what Nimbus audit results are? Then we have good news for you: Hacken has just published an article about collaboration with Nimbus!πŸš€

Learn more in Hacken’s official publication πŸ‘‰ Here!

You can find the audit report on our website

Nimbus’s Security mechanism is 3X reinforced:
βœ… With Hacken as our main security auditor
βœ… Constant internal testing and external auditors
βœ… Launching security boosting bug bounty program with our community
We are confident in the high security standards of the Nimbus Platform and in ensuring the prosperity of our community!
πŸ“² In the meantime, have you tried the demo version of the Lending-Borrowing dApp yet? If not, follow this post for more details on how to do that πŸ‘‰ Here!

Your feedback really helps us ensure the best user experience for our future functionalities.
So please, do share all your comments hereπŸ‘‡
Nimbus Telegram chat admin: @Viktor_Nimbus_Support
Nimbus email: product@nimbusplatform.io

Stay tuned for more updates!
​​Hey Nimbus communityβœ‹

πŸ‘½No matter what no matter when crypto will emerge again β€” that should be the new slogan of Tesla after Elon Musk again said that the company is most likely to resume accepting bitcoin as a form of payment once the mining rate for the cryptocurrency reaches 50% renewables.

🍏In the meantime, one of the "fathers" of Ethereum blockchain urged the crypto community to innovate beyond the confines of decentralized finance. To be more precise, he outlined several non-financial applications for Ethereum, including decentralized social media, identity verification and attestation, and retroactive public goods funding.

🧠 Jamie Burke, the UK-based CEO of Outlier Ventures, on the other hand, said that DeFi will eventually mature and be co-opted back into mainstream finance. β€œI think of DeFi as a sandbox: I’ve got a concept. I can test, validate that concept. I can understand the economics of it in this permissionless sandbox that is DeFi.”
The boosted Staking Rewards Program ends tomorrow July 27 at 12:00 PM (GMT)!

This is your last chance to earn up to 80% APY on Nimbus Staking!

Why you shouldn’t miss out on this?πŸ™Œ

If you put assets in the Hard Staking even at the last minute before the program ends, the increased reward rate will be available to you for the entire minimum staking period. 

This means that whether you use the 60-day or 180-day Hard Staking, you will receive the increased rewards for the entire minimum staking period of 60 or 180 days, respectively!😎

Get your Monday Motivation back up with Nimbus!
Stake NOW πŸ‘‰Here
While we’re waiting for the Lending-Borrowing dApp to go live in the coming days, let us share some flashbacks from the Nimbus Private Dinner held in May 2021 in Dubai.

The next season of events for all DeFi projects will begin soon β€” and so will it for your Nimbus. But this time, we’ll have even more to offer to potential users and partners!😎

πŸ‘‰ Check the video here and subscribe to our YouTube channelπŸ“²
🀩The Lending & Borrowing dApps are officially LIVE!πŸ₯³πŸŽ‰

Why become a Lender? Easy!πŸ‘‡
βœ… Be smart: don’t leave your ETH & BNB static in your wallet! Better provide them as liquidity for loans and start receiving rewards in ETH & BNB. This is arguably even cooler than Staking!πŸ˜‰
βœ… Full freedom to withdraw your assets any time
βœ… Sleep well knowing that all loans are overcollateralized β€” your assets cannot be lostπŸ’ͺ

And what about the Borrowers? Borrow assets to boost your earning strategy and enjoy:
βœ… Fixed APR for any token β€” which gives you full control without surprises
βœ… Customizable collateral level of 120%-1000% for any token β€” so you yourself can decide how to back up your loan for a hassle-free experience
βœ… Say goodbye to loan liquidation risk β€” use our special widget for tracking your collateral and ensuring full coverage of your loan at any time!

But hey, it’s time to try it yourself!πŸ˜ŽπŸ‘‰ Here!

P.S. As of today, you can use ETH, USDT, BNB, and BUSD, but more tokens will be added soon! πŸš€
πŸ€” The crypto summer is back on the roll with Bitcoin recovering $40,000 level. Still, it needs one more boost to break the key resistance level. So what should happen? One of the options could be an approval of exchange-traded funds based on bitcoin in the United States. By the way, Coinbase is quite optimistic that it will happen as early as this year or 2022.

πŸ₯•In this context, it shouldn’t be a surprise that the most perspective sector of the industry, decentralized finance, continues to gain traction. According to the latest statistics, the number of users or unique addresses using DeFi protocols through Ethereum has exceeded 3 million. It is worth mentioning that DEX statistics show that global swaps grew to $15bn.

🀟Soft drink maker Coca-Cola plans to release the NFT collection to celebrate International Friendship Day.

πŸ₯³ Did you know that this Friday Ethereum celebrated its birthday?

Do you think it is a good idea to acquire Non-fungible tokens? Let us know in the comments!
The Guide on P2P Exchange has been published!

Check it out πŸ‘‰ Here

In this guide, you will find detailed step-by-step instructions and illustrations on:
βœ… Creating deals for exchanging any ERC-20 & BEP-20 tokens based on your own terms,
βœ… Interacting with the trader who replied to your offer,
βœ… Finalizing orders and securely receiving the new assets via the escrow...and more!

Now you have all the information you need to exchange any ERC-20 & BEP-20 tokens in a fully decentralized manner!😎

If you experience any other roadblocks while interacting with the dApp, write to us πŸ‘‰ Here!
The Guide on Nimbus Wrap Machine is Live now!

πŸ“š With the guide, you will know your way around the Wrap Machine and its unique features!

Don’t remember what features we are talking about?

Here they are:
βœ”οΈ Convert NBU & GNBU ERC-20 tokens to BEP-20 standards without worrying about the market fluctuations (the conversion happens directly between units)
βœ”οΈ Take advantage of the token value differences
βœ”οΈ Enjoy all Nimbus functionality with lower gas fees on Binance Smart Chain
Check out the guideπŸ‘‰ Here

πŸ”„ If you’re facing any issues when using the Wrap Machine, please feel free to share your feedback. Send your request via Zendesk, choose β€œGeneral” topic and fill in all the fields. After that your application will be processed. Also, you can always leave feedback & report your problem in our official chats!
Slippage, Price impact, APY, APR, Collateralization level… Have you ever been confused with all these DeFi terms? If so, this post is for you!😎

πŸŽ“ Learn DeFi basics with Nimbus Glossary!πŸ“– 

Nimbus Glossary is a series of educational posts where we explain the key terms in DeFi. Once you know what they stand for, you’re well-equipped to benefit the most from DeFi β€” and Nimbus Platform in particular!

And while you learn, you can also participate in interactive contests to receive rewards and test your knowledge!πŸ’ͺ🎁

Check out the current contest! All you have to do is rephrase the definition of the termβ€œVesting”  in your own words on Twitter β€” so that even a 5-year-old could understandπŸ‘Ά  

We will pick 2 winners and send 200 NBU to each.

See the participation conditions and share your ideas here πŸ‘‰ LINK

#NimbusGlossary
Hey Nimbus CommunityπŸ‘‹

Yesterday we released the definition of the term β€œSlippage” and a contest for you to win rewards while you learn!πŸŽ“

Now that you’re all familiar with this term’s meaning, here’s how you can benefit from this knowledgeπŸ‘‡

πŸ’‘While interacting with the Nimbus Swap, you can set the maximum acceptable slippage to receive the desired exchange outcome.

All you have to do is simply click on the β€œSettings” section of the platform’s main menu and set a slippage tolerance there!😎

Here’s an example:
Let’s say you want to exchange BNB to NBU and you set 1% slippage. This means that if the exchange rate changes by more than 1% before the transaction gets confirmed on the blockchain, the transaction will be automatically canceled. This way you will receive precisely the assets that you expected and won't end up with an unfavorable rate. Yay!

Go and try it now: LINK
#NimbusGlossary #NimbusTips
As you know, yesterday we launched the Nimbus Glossary as a part of our educational series about DeFi.
Now, we need your feedback!✍️

In the poll below, click on YES if you liked the format and want to see more educational content and tips from us 😎

Or click NO, if you are already an expert and you know everything about DeFiπŸ•ΊπŸΌπŸ“ˆ

Also, if you have any ideasπŸ’‘ on what other content you would like us to launch, share your thoughts in Nimbus Telegram Chats:
πŸ‡¬πŸ‡§ English Chat: Nimbus_Platform_ENG
πŸ‡·πŸ‡Ί Russian Chat: Nimbus_Platform_RUS
πŸ‡ΉπŸ‡· Turkish Chat: Nimbus_Platform_TUR
Vote here
Anonymous Poll
72%
Yes πŸ‘
28%
No
😎Without any doubt the most important event of the past week was Ethereum's London Fork Update, which aims to change the way transaction fees, or β€œgas fees,” are estimated. In other words, from now on, users will pay a "base fee," which will be determined by the network business. They will also be able to pay a miner a "tip" to have their transaction processed sooner. Additionally, some investors believe that the new update will limit the supply of ETH, thus causing an explosive growth of the coin.

πŸ₯³Another great news was that Google finally lifted the prohibition of crypto ads after the company revised its policies in June. On the other hand, crypto trading signals, crypto investment advice, and aggregators or affiliate sites that contain related content still will be banned from advertising.

πŸ€‘Last but not least, French investment manager Melanion Capital announced its plans to unveil bitcoin equities ETF that offer exposure to companies with high revenue exposure to the cryptocurrency.
The Nimbus Glossary Twitter Competition has concluded!

It's time to announce two winners who will receive 200 NBU! Check out the list of winners in the image aboveπŸ‘†πŸ†

The airdrops will be sent to your wallets shortly! Congratulations!⚑️

And for the rest of you who participated, we thank you for your participation and such interesting descriptions of the word β€œVesting”! New contests are coming soon 🀫

#NimbusGlossary
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We are excited to announce that the Nimbus Academy will be launching soon!🎊

Here's why you should be excited:
βœ… Learn all about DeFi and Crypto with the top brains at Nimbus
βœ… Discover the best step-by-step strategies of earning with Nimbus
βœ… Explore the unique product synergies within the Nimbus Platform to further boost your performance β€” unlike anywhere in DeFi!
βœ… We plan to launch different types of content depending on your preferences: video tutorials, interviews, visual guides, glossaries and so on. This way, you will surely find the format that suits you best!

...And here's the fun part β€” with some of this educational content, you will not only grow your expertise but also be able to gain rewards!πŸ˜‰

So grab your notesπŸ—’ β€” with Nimbus Academy, you'll be able to sail your way around DeFi like a pro!😎

#NimbusAcademy
We are glad to see that a substantial number of our community members voted in favor of continuing the Nimbus Glossary Series!☺️

So be it - here's the next term for you – ✨ "Price Impact" ✨

Check the image above to see its meaning πŸ‘†

πŸ’‘Important tip!

It is easy to confuse "Slippage" and "Price Impact" with each other as they are often used interchangeably. The key difference between the two terms is the following:

βœ… Slippage occurs for a particular trade due to the changing market conditions between the moment a transaction was submitted to the moment when it gets verified. Meaning Slippage affects your own trade - so watch out!

βœ… On the other hand, Price impact occurs for the whole market after a trade has been made. In other words, it does not affect your particular trade - but does affect the following ones, so take it into consideration if you’re planning on making several trades in a row.

Let us know what other words/terms you want to learn, and we will make sure to cover them next week!
πŸ‘1
The Lending Guide has officially been published!
Check it out πŸ‘‰Here!

In this guide, you will find detailed step-by-step instructions on:
βœ… Inserting supply to the different lending pools
βœ… Making withdrawals
βœ… Enjoying ultimate asset stability with overcollateralized loans
….and more!

Now, lenders can provide their ETH and BNB as liquidity for loans and start receiving rewards in ETH and BNB accordingly. NBU and GNBU will follow soon. The best thing is - you can withdraw assets at any point in time!

There are even more benefits on the other side of the dApp!

Go check it now πŸ‘‰Here!
β€‹β€‹βœ‹Hey Nimbus community!

🧠Another Week, Another Rollercoaster for the crypto industry. This time, markets have been hit by the news that anonymous hackers carried out one the biggest theft ever in the world of decentralized finance, stealing around $600 million from a protocol known as PolyNetwork that lets users swap tokens across multiple blockchains. The good news is that the very next day cyber criminals decided to return the stolen funds. One of the reasons could be the fact that a blockchain security firm SlowMist was able to track the attacker via a trail of digital evidence left behind.

Cardano tokens skyrocketed over 40% this week in anticipation of the network's smart contract capability finally launching. The crypto community has been expecting this since 2017! Why? These smart contracts will allow to build dApps on Cardano, opening up a variety of potential uses for the blockchain.

πŸ‘½Finally, it appears that Lionel Messi's transfer to French club Paris St Germain included a payment in cryptocurrency fan tokens, providing another big-name endorsement for new digital assets. It should be noted that among the clubs to launch tokens this year are English Premier League champions Manchester City and Italy's AC Milan. Why? The reason is very simple – they allow to engage fans and drive revenue at the same time.

Do you think fan tokens will help to popularize crypto?
πŸ‘1
πŸ—“ Monday is a great day to educate yourself!

We are thrilled to announce that the first-ever episode of the Nimbus Academy is out now!πŸŽŠπŸŽ‰

Since the journey of Nimbus Academy begins with this video, it's logical to talk about the most fundamental blocks of DeFi β€” Smart Contract!

Check it out πŸ‘‰Here!

Here's what you will learn in this episode:
βœ… What are smart contracts, and what makes them so essential to DeFi
βœ… How do smart contracts function?
βœ… Role of smart contract audits and why they matter?
βœ… How we approach smart contract audit at Nimbus?
...and so much more!

To save the best for the last:
There is a 3,000 NBU reward 🎁 opportunity waiting for you in this video β€” watch the video and participate!

πŸ€“Here's a tip for you:
Make sure to watch the entire video before you get to the competition because what you learn may play an important role in your chances of winning the reward!

Happy Learning!

#NimbusAcademy #NimbusTips