Whether you are starting a business from scratch or need to expand your existing SMEs, you need to raise funds. Right? Most likely, you will use one of the options listed below and each of them has some limitations:
• Venture Capital (VC) firms – May consider only the startups based on latest or advanced technologies with a promising growth potential
• Small Business loans from Banks – Need to submit a lot of documentation
• Angel Investors – They will also get involved in the decision-making process
• Personal financing ( Putting your own money or collect the amount from your friends/family) – Not feasible for raising a large amount of money
• Private Financial firms – High-interest rates
• Crowdfunding – High fees (up to 40%) charged by the crowdfunding sites
Whichever option you choose from the above list, you need to repay the original amount + interest within few years even if your business fails to succeed or not able to attain the expected growth. Besides that, you may lose full control of your business, especially if you are starting a new business.
Then, what is the best option for the small businesses or startups to raise capital? You might have heard the term “introductory offer”. Usually, when the companies are launching a new product/service, they will offer them at a reduced price for a limited period of time. Likewise, Nimbus platform aims to help the small businesses to raise the funds needed for their project by utilizing the concept of pre-sales. The businesses can create their portfolio on the Nimbus platform and issue their own pre-sale tokens which will be sold to the consumers to raise funds their business. Once the store is launched, the consumers can use the tokens to buy the products/services at a special price.
To implement the concept of pre-sale, Nimbus platform will be issuing two types of cryptocurrency tokens named NIM and NIMx. NIM tokens are special utility tokens based the Ethereum standard ERC20. Those who want to create a new store on the Nimbus platform need to own the NIM utility tokens.
What is NIMx token? NIMx tokens also called product tokens will be issued to the customers who buy the pre-sale tokens of a store. They can use these tokens to buy the products/services of the store or exchange it with another product token. For example, let’s assume that someone had bought the NIMx tokens of a spa during its pre-sale. However, he/she don’t like the services of the spa. In that case, they can simply exchange the tokens to buy products/services from another store. (eg. To buy clothes from a clothing store). Sounds interesting? Read more at https://www.nimbustoken.com/
Nimbus platform can be used to raise funds for any type of business. It only offers benefits to the business owners but also to the consumers because they can get early access to the products/services at a discounted price. If a store did not meet the expectation, then the consumers have the option to get a pro rata refund for the product tokens they hold. To learn more information about the Nimbus platform, kindly visit https://www.nimbustoken.com/pdf/nimbus-token-whitepaper.pdf.
Thank you for reading!
The feedback is highly appreciated!
Nick J