Nimbus Token - Ecosystem
Nimbus Token is a platform for selling and bartering goods and services via cryptocurrency and the blockchain. It allows businesses to fund their projects via pre-sales so they can greatly expand their operations, hire new workers and develop new products. Unlike other cryptocurrency platforms, we have found a way to use blockchain technology for any product or service.
The Nimbus Token Platform has a disruptive ecosystem geared towards building businesses and selling their products. The platform allows for new businesses to start their businesses without having to go to banks and taking out those pesky loans. It does this by allowing a business to launch a token sale to raise funds for their business needs. By doing so the business can raise its own funds to purchase real estate, goods, hire workers, and start selling their products or services. Stores on the platform sell a new type of cryptocurrency called product tokens and their value is derived from the sales a specific store generates. Our working theory is, the more commerce that is transacted, the more value the product tokens will have. Not only do we believe this will increase the value of NIM over time, but we believe it will enrich the broader Ethereum ecosystem as well, especially in third worlds countries where the fiat currency is useless.
During the crowdsale, NIM tokens are sold to fund the development of the platform. Once the platform is launched, only NIM tokens can be used to open stores on the platform and launch pre-sales of unique product tokens. Once the crowdsale is over the only way to open a store using NIM tokens is to purchase them on an exchange. All leftover tokens from the crowdsale will be put aside into a pool for mining. Once stores begin to log sales, customers can trade the store’s unique product tokens on the platform exchange. As for the leftover NIM from the crowdsale, as the store logs sales it mines NIM tokens from the pool and placed into the store’s wallet.
As NIM are consumed to create stores, stores also mine the NIM back out of the pool, when they log sales. This creates the product token cycle; sale, produce, reward and exchange. In this cycle, stores sell a token so they can grow, stores produce goods or services, customers are rewarded with products and product tokens are bartered with others on the platform.
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