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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,

If you haven't seen the latest news yet, we made an open proposal to the National Securities Market Commission (CNMV) offering our extensive experience and knowledge in the development of a robust regulatory framework. Ultimately, our goal is to bring durable clarity to the DeFi industry and protecting the digital asset community β€” users and providers β€” from malicious actors.

Learn more in our blog!

πŸ‘ŒIf you have any questions please don't hesitate to ask in the group
β€‹β€‹βœ‹Hey Nimbus Community!

πŸ‘Ύ White hats are gaining popularity in the crypto industry. This time a hacker operating under the pseudonym β€œSamzcsun” prevented the potential theft of $350 Million from DeFi project SushiSwap. Long story short, he noticed a flaw in one of MISO’s batching libraries. Thankfully, he contacted the SushiSwap team and several third-party experts to urge them about the security breach.

πŸ€– The lesson is simple β€” there are no limits to perfection, which is why we constantly try to improve our platform. Vitalik Buterin, on the other hand, believes that token-based decentralized governance is holding DeFi back. Alternatively, he suggested an exploration of β€œProof-of-Humanity”-based governance systems where one vote was allocated per each of a protocol’s users.

😺 Finally, former US Treasury Department Criminal Investigator Greg Monahan has joined Binance as Anti-Money Laundering Officer. His task will be to strengthen the organization's relationship with regulatory and law enforcement agencies around the world. Also, in case you missed it, Nimbus also looks forward to helping regulators make the DeFi industry more transparent and fair.
βœ‹Hey Nimbus Community

Have you checked out the Nimbus Academy contest yet? 3 viewers get the chance to win 1000 NBUs each!

Watch the video to the end to find out the conditions!
Simple isn’t it?😎

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?

πŸ’ŽYou only have until August 24 to win rewards!
Watch and win πŸ‘‰ Here!
NBU (BEP-20) token is getting listed on Koinbazar on August 25th, 2021!πŸ₯³

πŸ”₯This is the first listing of the Nimbus tokens on a Centralized Exchange (CEX).

Why should you be excited about it?

βœ…For a DeFi newbie, CEXs are more convenient and accessible as there’s no need to use MetaMask and other DeFi instruments to gain access to tokens.
βœ…CEXs allow payments in fiat currencies via bank wire transfers and credit or debit card payments.
βœ…Centralized Exchanges typically have a higher trading volume, and you don’t have to deal with slippage and other inconveniences that you could face in DEX.
βœ…Nimbus users benefit from the potential exposure and the rapidly growing ecosystem of Koinbazar!

Token pairs:
1️⃣ NBU(BEP-20) - USDT
2️⃣ NBU(BEP-20) - INR

Stay tuned for more updates!😎
The three winners of the Nimbus Academy contest have been selected!πŸ†πŸ‘

Each winner has been notified in the comments below the video.

To check if you are one of the winners:
1️⃣ Go to the Nimbus Academy episode and check your comment
2️⃣ If you received a reply with congratulations from the Nimbus team β€” your week is going to start with a 1000 NBU airdrop!

Don’t get upset if you didn’t win, you will have plenty of chances to try your luck in the next episodes😎
The Nimbus Glossary is back!😎

Today we will explain another key term in DeFi β€” ✨ APY! βœ¨

This will help you understand your reward output better β€” check the image above πŸ‘†

Also, here are some interesting facts for you:
βœ”οΈ APY is a common term used in both the traditional financial markets and DeFi
βœ”οΈ On average, APY in DeFi is significantly higher than in traditional finance
βœ”οΈ Staking is one of the most fundamental DeFi mechanisms wherein APY is a key term
βœ”οΈ Nimbus Staking was rated by NewsBTC to be the top 3 staking opportunities in DeFi so now that you’re 100% sure how your rewards get calculated β€” go ahead and try it yourself!πŸš€

#NimbusAcademy #NimbusGlossary
The NBU (BEP-20) token is officially listed on Koinbazar in NBU/USDT and NBU/INR pairs!🎊

Now you can:
βœ… Get access to the NBU (BEP-20) without the need of using the MetaMask wallet and paying gas fees
βœ… Acquire NBU with fiat: the Indian Rupee β€” great news for our ever growing Indian community!πŸŽ‰
βœ… Benefit from the boost in the community growth

Check it outπŸ‘‡
NBU/USDT
NBU/INR
​​​​πŸ”₯Crypto weekly updateπŸ”₯

😳As expected, since the announcement of Ethereum's β€œLondon” hard fork, prices for ETH and related projects have skyrocketed. Still, the Ethereum blockchain has major changes ahead. As the ESG trend gains popularity, the second popular cryptocurrency is increasingly criticized for its heavy energy usage and carbon emissions. To satisfy the β€œgreen community”, developers will be forced to move the blockchain to a proof-of-stake system from a proof-of-work system eventually. Buterin expects the merge to Ethereum 2.0 to take place in early 2022 but it could come as early as late 2021. 

By the way, we at Nimbus are also developing something new in accordance with the ESG trend β€” stay tuned to learn more!😎

πŸ€“In the meantime, the crypto community is monitoring another important theme – Bitcoin futures on the Chicago Mercantile Exchange (CME). Currently, U.S. banking giant Citigroup is awaiting regulatory approval to begin trading bitcoin futures contracts on the CME. Following megabank Goldman Sachs, Citigroup also wants to get its part of the pie by offering cryptocurrency exposure to its clients.

πŸ₯³Finally, yet importantly, a demand for NFT tokens continues to surge. Visa recently announced a purchase of CryproPunk 7610 for $150,000. In addition, the company noted that it is creating tools for participation in a new area, and also announced the release of its system (API) for buying cryptocurrencies, which will be integrated with banks.

Do you think the crypto industry will still remain anonymous with all these trends?
πŸ‘1
​​Today we are sharing with you an overview that will answer some of your most burning questions and will certainly give you a comprehensive idea of our future plans and more!πŸš€

What makes it so special is the fact that the information within this paper is being shared with the community for the first time!

Here are a few highlights of what you will find out in the document:
βœ… What is the background and philosophy of Nimbus?
βœ… How technology plays a role in the ecosystem, and which technologies are we keen on leveraging?
βœ… What is Nimbus Business Model?
βœ… What are the upcoming dApps and hybrid DeFi instruments you can look forward to?
βœ… What are the most important values that Nimbus believes in?
βœ… What is the Regulatory framework model and how does it put Nimbus as a pioneer?
….and more!

Check it out πŸ‘‰Here!

We'd love to hear your feedback and opinionsπŸ™πŸΌ
βœ‹Hey Nimbus Community,

Here's your chance to win $30 worth of NBU tokens by simply answering a question in our latest Twitter Contest!

Go check it out πŸ‘‰Link
βœ‹Hey Nimbus Community,

Are you ready to learn another DeFi term?

Today we are talking about – ✨Impermanent Loss!✨Check the image above to discover the meaningπŸ‘†

And for bonus news for you β€” the second episode of the Nimbus Academy is coming soon!

This time we'll be diving deep into the concept of liquidity providing. Meaning, impermanent loss will be a very important topic in this episode!

Here’s what you will discover in this Episode:
βœ… Learn to pick promising pairs and projects for providing liquidity
βœ… Find out what’s the difference between impermanent and permanent losses - and how to avoid them!
βœ… Discover strategies of maximizing your rewards while providing liquidity
βœ… Find out how to earn 100% APY as an LP at Nimbus
...and more!

Subscribe to our πŸ‘‰YouTube channel πŸ‘ˆ and hit the πŸ”” icon, so you don't miss the upcoming episodes!
🀚Hey Nimbus Community,

As a part of our venture to convey a deeper understanding of the Nimbus Platform and its product synergies, we have taken up the time to create a detailed infographic content for you.

Today, we are sharing an infographic on Nimbus Soft Staking! Check the image aboveπŸ‘†

With this schematic representation, you will be able to understand:
βœ… The soft staking conditions
βœ… The benefit of being able to withdraw your deposit at any time desired β€” no lock-up!
βœ… Claiming your rewards!
...and more!

Let us know what you think about this content format: would you like to have more visual explanations of this sort? All your feedback is highly appreciatedπŸ™
​​Friday tradition! Crypto weekly updateπŸ”₯

πŸ’―These past few years have shown that no matter what the market looks like, the development in the crypto industry will not be disrupted. This thinking is based on two key arguments: first, there is simply too much money in the sector, and second, blockchain and digital currencies are the future and hardly anyone can argue with this statement. Otherwise, why would governments all over the world work on so-called central bank digital currencies or CBDCs?

πŸ“’ The crypto exchange OKEx has launched a new platform dedicated to boosting the adoption of DeFi and non-fungible tokens. Do you think it will help accelerate NFT and DeFi adoption?

πŸ”The good news is that growing interest in cryptocurrencies also helps to boost DeFi industry. After a spectacular start to 2021 saw token valuations and trading volumes surge to ignite the current bull market, the DeFi sector as a whole took a break while the NFT sector stepped into the limelight. Some even claim that "DeFi Summer 2.0" is underway. What can you say here, let's hope they are right!

πŸ™‹πŸΌβ€β™€οΈThe crypto adoption is in full swing – a couple of days ago, the β€œLegally Blonde” fame actress Reese Witherspoon has announced on Twitter that she bought her first ETH and how she's now active on "Crypto Twitter". Do you think Nimbus should collaborate with any celebrity?😏
πŸ‘1
🀚Hey Nimbus Community,

For the past few weeks, we have been working hard behind the scenes to streamline the Nimbus Platform's development process.
And then we thought: perhaps you’d be curious to stay in the loop with all the dev activities in real-time, too?

πŸ’‘If so, we are introducing a way to get constant updates on development and product staging β€” even before the updates are launched on the mainnet!

Check out this page to view:
βœ… New features that are being developed
βœ… Bug fixes
βœ… UI updates
.. and more, while it’s all in development!

After every two weeks, the updates you see there will be implemented on the Mainnet β€” unless further auditing is required.

All your feedback during the sprint weeks are highly encouraged and appreciated πŸ™
🀚Hey Nimbus Community,

Today, the Nimbus Glossary will address another key DeFi concept – Liquidity pools!

Check the image above to discover the meaning πŸ‘†

This is a warm-up before the 2nd episode of the Nimbus Academy where we will cover the topic in much more detail β€” so get ready, it’s coming soon!

#NimbusAcademy #NimbusGlossary
Even for experienced crypto users, providing liquidity to DEX may seem risky and complicated...

πŸ”₯But you can avoid all these difficulties by simply watching the new Nimbus Academy episode! There, you will:

βœ”οΈLearn to pick the most promising pairs & projects
βœ”οΈCalculate your LP rewards
βœ”οΈCalculate the Impermanent Loss - or avoid it all together!
βœ”οΈDiscover step-by-step strategies of boosting your LP rewards severalfold!
βœ”οΈFind out how to earn 100% APY as an LP at Nimbus
...and more!

All you have to do once you finish watching is simply go and implement these step-by-step strategies to boost your rewards!

🎁Moreover, you can also win 1,000 NBU by paying attention to the video content - see the contest conditions below the video πŸ‘‰ here!πŸ˜‰
πŸ“² Important Tech Update🚨

Please be informed that we are addressing some technical updates on the Nimbus Platform. The platform will remain temporarily unavailable.

We will update you as soon as the Maintenance has been concluded. Apologies for any inconvenience causedπŸ™
β€‹β€‹βœŒπŸ»Hey Nimbus community,

🧠 Without any doubt, the most important news story of the week was the adoption of Bitcoin as a legal tender in Salvador. By legalizing the first cryptocurrency, the country's president, Nayib Bukele, looks forward to attracting investment and helping the roughly 70% of Salvadorans who don't have access to "traditional financial services." Who would have thought just a few years ago that countries would accept cryptocurrency as legal tender?

πŸ‘Œ Following El Salvador, the Ukrainian Parliament adopted a law that legalizes and regulates cryptocurrency. Thus, Ukraine became the fifth country in as many weeks to lay down some ground rules for the cryptocurrency market, a sign that governments around the world are realizing that bitcoin is here to stay. If signed by the president, virtual assets, digital wallets and private keys are terms that will be enshrined in Ukrainian law.

πŸ‘½ In this context, it shouldn’t be a surprise that even the international rating agency Moody's Investors Service has posted a vacancy for a crypto analyst. His task will include classifying traditional credit analysis methodology and identifying ways to integrate with the crypto asset valuation system. The work also involves participation in blockchain-related projects.

Which countries will be next to legalize cryptocurrencies?