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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βœ‹Hey Nimbus community,

πŸ‘½ Meta continues to search for ways creators can earn money on both Instagram and Facebook with crossposted Reels. On top of that, the platform expands its testing of digital collectibles, like NFTs, on Instagram Stories with SparkAR. Isn’t that awesome?

πŸ˜” CZ from Binance doesn’t want to be a musketeer. Apparently, the biggest cryptocurrency exchange abstained from extending the failed hedge fund (Three Arrows) a large credit line. However, if the market continues to crash, it will also affect Binance…

πŸ€‘ Great news for the Latin community - Bitcoin ATM and Digital Currency Machine Operator Coin Cloud announced a partnership with Cardenas Markets, one of the largest Hispanic grocery chains in the country. Soon digital coins will replace fiat money.

βœ… Louisiana becomes a crypto hub - its Governor signed a bill, allowing financial institutions in the state to have custody of BTC and other digital assets for customers. He also proposed the creation of deregulated industrial power zones in the state.

😱 To the hell or to the moon? An article in the Economic Daily claims that bitcoin prices are β€œheading to zero”. β€œOnce investors’ confidence collapses or when sovereign countries declare bitcoin illegal, it will vanish”. To be honest, we are not so sure about that…
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πŸ‘‹ Hey Nimbus Community,

Gentle reminder - the livestream with Nimbus senior management begins in 24 hours!

Date: June 27 at 3PM CET

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

▢️ The link will be shared right before the event, so stay tuned.
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Nimbus senior management is addressing the community in two hours!

⏰ Today, at 3PM CET

The link will be posted 15 minutes before the stream.
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Thanks to everyone who joined us today and watched the livestream with the senior management! 🀝

The recording is available on our official YouTube channel. Subtitles will be available tomorrow.
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πŸ‘‹ Hey Nimbus Community, 

Marketplaces are at the heart of every type of commerce, connecting creators and consumers in an organized and engaging way. The NFT marketplace is where it all happens when it comes to digital assets. 

NFT marketplaces have certain features that differentiate them from eCommerce marketplaces. As NFTs become more varied and the interest in this sector grows, a new NFT business model emerges. 

Blockchain-based transactions in these marketplaces are opening up new possibilities for artists and creators, as they can now collect royalties with every re-sale of their digital art. This way, the concept of scarcity becomes important with NFTs as well.

Types of NFT marketplaces

With so many types of NFTs, marketplaces are specialized for each: digital collectibles, game characters, music NFTs, real estate, and even investment projects. They all have the same purpose, though: seamless digital assets transactions.

There are two main types of NFT marketplaces:

βœ”οΈStreamlined marketplaces – more generic, for all sorts of NFTs
βœ”οΈAugmented marketplaces – highly specialized platforms catering to particular niches

How does it work?

Using an NFT marketplace is quite easy; all that's necessary is an account linked to a crypto wallet. As for the mechanism behind the trades, a blockchain-based contract is created for every NFT, and smart contracts regulate, monitor, and approve all transactions.

The platform handles the transfer of ownership in a secure way in exchange for a fee. 

For creators, it's an excellent way of displaying their NFTs and getting the best price for them, as well as exposure for the artists behind the digital piece. 

The marketplace is a great source of original and scarce digital items for collectors.

OpenSea is the largest NFT marketplace and the first platform to enable peer-to-peer NFT exchanges in a trustless way. 

With the metaverse shaping up, more objects being turned into NFTs, and new trends seem to be emerging, NFT marketplaces will definitely become more numerous and various. 

They also remain crucial for user engagement, making the NFT trade increasingly lucrative for artists and enthusiasts.
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πŸ‘‹ Hey Nimbus Community,

We hope you already watched the last stream's recording on our YouTube channel πŸ˜‰

For those who didn't, we've just added subtitles to ensure everyone fully understands the main messages of Nimbus senior management πŸ’‘
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🎁 As soon as you watch the recording, rate the informativeness of the stream and let us know your opinion in the comments below the video.

We will randomly pick three comments by July 7 and then send a special reward to three lucky winners πŸ˜‹
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And a gentle reminder for you 😌

As announced previously, the current Staking rates on the Nimbus Platform will decrease starting from July 1.

Hence, you still have 24 hours (till 21:00 CET, June 30) to add your assets to Staking and get rewards at the current rates.

Hurry up, guys, it's time to stake! πŸ‘€
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πŸ‘‹Hello Nimbus Community, 

One day is left till the Affiliate Program V4.0 upgrade!

We've prepared a brief where two characters - Max and Jack - will help you determine:

βœ…The difference in rewards pool and reward type in AP 3.1 vs. AP 4.0 

βœ…What changes should users expect while migrating from AP 3.1 to AP 4.0 for existing users?

βœ…How do the new changes align with the long-term stabilization and growth plans of the Nimbus Platform?

Read the full brief πŸ‘‰ Here!
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πŸ‘‹Hey Nimbus Community,

The Nimbus Affiliate Program V4.0 is now LIVE!

The new version brings:

🌟 Rewards in Smart Staker NFT, LP NFT, & more!
🌟 Rewards that fetch more rewards, ever hear of that?
🌟 You can exchange your NFTs on P2P exchange or hold to accrue more rewards

Check it outπŸ‘‡

https://land.nimbusplatform.io

In case you want all the details about the difference between AP 3.1 and AP 4.0, read the full overview πŸ‘‰ here and here!
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βœ‹Hey Nimbus community,

πŸ˜”It looks like the crypto industry is facing its own Lehman Brothers crisis. The market maker and lending firm Genesis Trading is facing potential losses into the hundreds of millions. FYI, Genesis has been pulling credit lines from counterparties left and right.

😭Another data leak… This time an employee of Customer.io, an OpenSea delivery vendor, shares email addresses with an unauthorized external party. The company has already reported this incident to law enforcement. Be careful of email phishing attempts.

πŸ€”Grayscale Investments has initiated a lawsuit against the SEC, claiming that the regulator violated the administrative procedure act and the securities exchange act of 1934. The reason is the denied conversion of Grayscale Bitcoin Trust to a spot BTC ETF.

πŸ€ͺMore regulation is coming - EU institutions have found a provisional political agreement on the Transfer of Funds Regulation. The ultimate goal is to fight money laundering in the crypto sector without preventing innovation and overburdening businesses.

πŸ‘Web 3.0 continues to flourish. Siemens has signed a partnership agreement with chip designer Nvidia Corp to create an industrial metaverse - an enhanced virtual reality for companies to reduce the costs of running their factories, buildings, etc. The future is here.
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πŸ‘‹ Hey Nimbus Community,

It's no secret that our team puts the safety of users and their assets at the forefront of everything 🀝

Guided by this principle, it was decided to postpone the launch of the Smart Staker n-NFT for a few days until the results of the second audit of the functionality are received πŸ“„

As soon as we get the results and make the necessary improvements within the next few working days, we will officially announce the NFT launch, and you will be able to fully experience all the benefits that the token gives to its holders πŸ™Œ

Follow the updates and stay tuned!
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πŸ‘‹ Hey Nimbus Community, 

Volatility is a natural part of the crypto world. Still, there is an element meant to tackle price fluctuations and keep things in balance: Stablecoins.

On Nimbus glossary today we're covering ✨Stablecoins✨ -  What are they? how they differ from regular cryptocurrencies?  & more

As the name suggests, a stablecoin is a cryptocurrency meant to maintain a stable market value by being connected to a stable outside asset. USDT, for example, is pegged to the US dollar. These stablecoins act like a counterweight for the unpegged and volatile cryptocurrencies like Bitcoin.

Types of Stablecoins

Stablecoins are digital currencies backed by collateral assets. There are four major types of stablecoins, based on the collateral structures behind them:

βœ”οΈFiat-collateralized – pegged to assets like US Dollar, Euro, Yen, or Pound
βœ”οΈCommodity-backed – backed with precious metals or other valuable commodities
βœ”οΈCrypto-backed – backed by other cryptocurrencies through smart contracts
βœ”οΈAlgorithmic stablecoins – their price stability comes from algorithms and smart contracts managing the token supply

Advantages of stablecoins

Stablecoins are quite versatile and can be used for different purposes. 

βœ”οΈYou can use them for payments with many shops and businesses. Stablecoins are preferred to crypto for this purpose because of their stability
βœ”οΈSince they are blockchain-based, you can easily send them to any compatible crypto wallet in a very secure way
βœ”οΈAdding stablecoins to the portfolio helps traders and investors reduce the overall risk by providing resistance to price volatility

Stablecoins may be developed differently and hold their value at a stable level using different methods, but they all are essential to the DeFi market. If you’re interested in investments, you need regular cryptocurrency; stablecoins aren’t designed for speculative investments but for withstanding market volatility.
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πŸ‘‹ Hey Nimbus Community,

πŸ†• We have updated the Nimbus Mobile App.

The update focuses on aligning the mobile app with the recent core changes on the Nimbus platform and a few UX improvements for a more intuitive and seamless experience!

What's new?
βœ… Staking model with updated APY rates;
βœ… Improved/updated Staking smart contracts
βœ… GNBU Staking rewards calculation bug fixed
βœ… General bugs fixed

The update is available on Google Play (Android). πŸ‘‰ Link
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✌️Hey Nimbus community,

πŸ‘ΏSolana Labs ran into some bad apples. The ecosystem's key players have been accused of profiting from SOL, the blockchain’s native token that according to the suit is unregistered security. Do you think insiders actually took advantage of retail traders?

πŸ‘Ύ For those who love casinos - Shiba Inu's lead developer announced SHI Stablecoin. The idea is to take UST's and USDN's spots on the crypto market. How safe is it and what kind of independent experimental decentralized protocol it will use – still not clear.

🀑 More regulation = less freedom. The European Parliament wants to "drive" the decentralized finance (DeFi) sector, DAO and NFT venues under EU anti-money laundering laws. The parliamentarians believe this kind of platform should be subject to AML procedures.

πŸ₯΄Few words about correlation. Coinbase analysts concluded that two-thirds of the recent decline in crypto prices can be attributed to macro factors and one-third to a weakening of the outlook solely for cryptocurrencies. Does it mean that the bottom is near?

πŸ‘»Good news for DOGE holders! The Boring Company has launched a way for customers to pay for rides on Loop, its Las Vegas transit system, with the meme coin. Talking about the market reaction, no serious moves so far. Probably, the risk-off is still there...
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πŸ‘‹ Hey Nimbus Community,

The wait for the launch of the Smart Staker n-NFT is finally coming to an end 🀩

Tomorrow, July 12, you will be able to fully experience all the benefits that this NFT offers to its holders.

Here is a short list of insights that will help you understand why this NFT deserves your attention:

βœ… You can issue n-NFTs with BNB or BUSD tokens
βœ… 60% APY on NBU and GNBU Soft Staking (35% share each) - rewards accrued in NBU
βœ… Up to 40% APY on CAKE-BNB LP Staking (30% share) - rewards accrued in CAKE
βœ… Risk diversification. The incoming asset is converted into 4 tokens: NBU, GNBU, CAKE and WBNB
βœ… Rewards can be withdrawn at any time, whenever it is convenient for the user
βœ… NFT can be burned no earlier than 30 days after purchase, and if the NFT is not burned after 30 days, it continues to generate rewards for its holder
βœ… NFT can be exchanged through the P2P dApp

And for those who want to know more, we prepared a long read with all details that will help you get full understanding of the underlying concept πŸ‘‰ Link
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