👋 Hey Nimbus Community, 

Private, public, custodial, non-custodial….crypto wallets come in many forms.
How do you determine which type of crypto wallet is right for you? 
We figured...the best way to do that is to learn about these different types. And so on Nimbus Glossary, we are covering Custodial Wallets vs. Non-Custodial Wallets

Fact Check:
✔️ Bitmex, Binance, or Freewallet are some examples of custodial wallets
✔️ Ledger, keepkey, and Trezor are a few examples of non-custodial wallets
✔️ The fear of losing or forgetting your private key might deter you from considering a non-custodial wallet. However, the benefits override inconvenience in this case.🤔
✔️ While allowing a third party to manage and secure your cryptocurrencies is convenient, giving up control can create susceptibility to exit scams, hacking, and theft.
✔️ A custodial wallet provider can impose a maximum withdrawal limit or unilaterally set fees for using their services. You can temporarily lose access to your crypto if the platform has technical issues. Basically, your assets are at someone else’s mercy if you don’t own your keys. After all, as they say, “not your keys, not your coins.”
✔️On the other hand, a non-custodial wallet gives you a complete charge of your hard-earned digital assets. You set your own rules and do with your funds as you wish. However, you alone are responsible for the safety of your keys. 

✋Hey Nimbus community,

😱Satoshi Island has received 50,000 applications for free Citizenship NFT. Will it become a home for the crypto community? Even if the utopia did not live up to its happy promise, it will surely help boost the adoption of digital currencies.

🧠Florida governor: digital dollar cannot be compared to Bitcoin. The CBDC would give the government the ability to control what the citizens spend on and how they spend their money. Do we want a China-like authoritarian control over people’s finances?

👽Meta applied for a trademark that would allow their logo to be used for crypto tokens and virtual exchange. This move indicates the company’s interest to venture into virtual space. Eventually, it will help build an ecosystem around their Metaverse.

🙈The battle around the future of Ripple continues: the SEC has been granted an extension to submit a discovery schedule relating to individual defendants. Some have suggested that the enforcement body is slowing the case down to frustrate Ripple Labs.

🚀 Livestream alert!

A community adored event is happening again. We are happy to announce another live stream with Alex Lemberg, the CEO of the Nimbus Platform!

⏰ Save the date on Thursday, March 31, at 6:00 pm UTC.

Alex will talk about the news and updates of the first months of 2022, future plans, and more. Don't miss it out!

⚠️ Important update on the Lend and Borrow dApps!⚠️

We continue to work on restoring the full functionality of Lend and Borrow dApps. The previous posts on the Lend and Borrow Bug can be found here and here. With this update, we hope to keep our community in the loop with the progress made so far:

✅ We've completed the recalculations of the underpaid rewards to the users affected by the bug. In fact, rewards are already being distributed, and we've covered 50% of the transactions. Rewards will arrive directly in the users' wallets with no vesting by next week.

✅ Previously, we stated the bug didn't affect n-NFT functionality. Unfortunately, that piece of information was not quite accurate. We made some changes at a later part to optimize performance for n-NFT holders. These changes are as follows:

✔️The Smart LP n-NFT provided access to 3 Nimbus functionalities: LP, LP Staking and Lend dApp. Due to the bug, the Lend dApp was put on hold.

✔️ We wanted to ensure that the n-NFT holders could unlock the full potential of their assets. So we removed the Lend dApp from the Smart LP n-NFT strategy. This means, user's deposited asset (BNB) is divided into BNB/NBU and BNB/GNBU pools and redirected in full to the LP Staking functionality. 

✔️ With this change, users will receive 100% of rewards in NBU tokens for LP Staking + 0.3% Swap fees from all the transactions made in these pairs.

⏳ The bug resolution time is being estimated at up to 2 weeks. Once the bug is resolved, we will share a detailed outline of the patch deployment and the update's new parameters.

If you have any questions, please contact support via this link 👉 Here!

👋 Hey Nimbus Community,

Gentle Reminder - The Livestream with Nimbus CEO Alex Lemberg begins in 24 hours!

Date: March 31 at 6 PM UTC

Don’t miss out on the valuable insights shared during the stream!

▶️ Link will be shared right before the event, so stay tuned.

Nimbus CEO Alex Lemberg is addressing the Nimbus Сommunity in 5 hours!

⏰Today, at 6 PM UTC

✔️The link will be posted 15 minutes before stream

👋Hey Nimbus Community,

You sure must have heard of the NFT project that made everything “boring” ultra-cool - ✨BAYC✨

There is a rich history behind the Bored Ape Yacht Club - let’s unpack it with Nimbus Glossary.

✅Bored Ape Yacht Club was launched in late April 2021 by a team of four pseudonymous developers, Gargamel, Gordon Goner, Emperor Tomato Ketchup, and No Sass. (cool names. eh!)

✅It took 12 hours for all 10,000 to sell out at 0.08 ether, or around $190. The current floor price is 108.3 ETH. Check👉 Here!

✅More than 20 renowned celebrities own BAYC NFT. Including Jimmy Fallon, Post Malone, Logan Paul, Steve Aoki, Mark Cuban, Snoop Dog, and more.

✅Bored Ape Yacht Club has done a few things to keep owners interested. First, they created the Bored Ape Kennel Club, offering owners the opportunity to "adopt" a dog NFT with traits that mimic those of the Bored Apes. In August came another freebie: digital vials of mutant serum. Owners could mix their Bored Ape with the serum to create another NFT -A Mutant Ape.

✅ Thanks to its success, the BAYC collection has burgeoned a thriving NFT ecosystem with its native token - ApeCoin! The token is used for governance and transactions within the Ape ecosystem, allowing holders to participate in the ApeCoin DAO. ApeCoin DAO participants can transact with each other and gain access to exclusive ecosystem services, game events, and items.

✅ Close to launch, BAYC net sales crossed $1B . It’s almost 10% of what Apple earned in 2021. BAYC is the pioneer calling NFT to the mainstream, so much so that even the Wallstreet couldn’t resist! It’ll be interesting to see how BAYC leads the market to even greater heights in 2022

⏰ 10 minutes to go!
Take your seats here 👉 https://youtu.be/qtMSNehyCbE

👋 Hey Nimbus Community,
The 🎙💻webinar is live!
You can still join in 👉 here

🎥 Recording will be published tomorrow with English subtitles.

We have seen your questions in live chat and we will address them in the coming days. Thanks for joining the stream and activity in the chat 🙌

✋Hey Nimbus community,

👍🏻 Samsung’s just released the “first-ever smart TV NFT platform” in partnership with the industry leader, Nifty Gateway. Thus, customers will now be able to explore, purchase, and trade digital art and collectibles. It’s worth noting that Nifty Gateway is already integrated into some of Samsung’s products.

🤲 Metaverse services provider The Sandbox has been named one of the 100 most influential companies by the American news magazine Time. Last year the pioneer of a blockchain-based virtual world has sold at least $2 billion of digital “land” to thousands of users.

🙏 Three Arrows Capital, one of the biggest crypto whales, is making a bet on Ethereum. Singapore-based hedge fund has just added 7,500 ETH worth US$22.43 million to its portfolio. On top of that, it’s increased staking in the Lido and Curve liquidity pools.

👀 Robert Kiyosaki, the author of Rich Dad Poor Dad, continues to warn about the impending collapse of the US Dollar. The best solution in his opinion would be to stockpile additional gold, silver, Bitcoin, Ethereum, and Solana to save funds and succeed.

🥷 JPMorgan Chase, Toshiba, and Ciena build the first quantum key distribution network used to secure mission-critical blockchain application. Theoretically, it will be resistant to quantum computing attacks and capable of supporting 800 Gbps data rates.

👋 Hey Nimbus community,

In case you missed the livestream yesterday, watch the complete video 👉 here

✔️ Note: we added English, Spanish, and Russian subs for your convenience 😉

👋 Hey Nimbus Community, 

The Nimbus Affiliate Program v3.0 has been updated to version 3.1.

If you thought the 5 different rewards already made the Program so worthwhile, this update will surprise you!🤩

Check it out 👉 Here!

👋 Hello Nimbus Community, 

FA, DD, DYOR…you must have heard these acronyms countless times. 

And they seem to appear so often on your crypto Twitter feeds, blogs, or videos for a good reason. 

All these terms and the practices they define can become your best tool to be SAFU and make constructive decisions on your assets. 

As you probably remember, we already covered the term DYOR 👉 Here. And the DD term’s meaning is very close to DYOR.

Coming to fundamental analysis (FA), why is it so important to perform it?

📝 The whole concept of fundamental analysis comes from understanding the difference between price and value. 

😎 As one of the most successful investors of the 20th century expressed, Warren Buffet says, "price is what you pay, and value is what you get".

🧮 It won't be a stretch to say that understanding how the price and value of a project or asset differ from each other is the most important way of becoming successful in crypto.

Fundamental analysts conduct research through a wide range of sources, but most information can be assembled through the following channels:

✔️ NTV (Network to Value) Ratio - Network value / daily transaction volume
✔️ Market capitalization is the actual resources that have been put into the project. You take the circulating supply of coins multiplied by the value of 1 coin.
✔️ Number of active wallet addresses 
✔️ Token utility
✔️ Resources (such as Whitepaper and team)