Nimbus Token
The main idea behind Nimbus is to give the ability of small businesses to raise funds to expand without having to be dependent on a loan from a bank. The main idea is to give the ability of small store owners to raise funds via mini-ICOs, projects that will let the users invest in a certain store expansion plan and collect dividents in the form of token payouts when the business owner starts repaying the "loan" back. The process is completely automated by placing a PoS (point of sale) at the store and diverting a small amount from every transaction towards repaying the fixed percentage to the initial investors.
To be able to participate in the platform as business or as investor you need to own the nimbus token. At the moment nimbus is an ERC20 token, but the idea is the token to run on an independent blockchain.
Initial crowd offering
Currently the project is in an ICO stage with more than 4 months until the end of the crowdsale
NIM is initially only available during the platform token crowdsale. At the end of the crowdsale, all unsold tokens will be pooled for mining later by stores, via the logging of sales later.
The tokens will be distributed the following way:
- Token Presale 20%
- Token Sale 50%
- Team 10%
- Founders 10%
- Costs and Fees Reserve 10%
Total supply of the coin: 100,000,000 NIM
Softcap: 20 000 000 USD
Hardcap: 45 000 000 USD
End day of the token sale: Jul 31 | 1:30 am UTC or upon reaching the hard cap.
Token price: = 0.0005 ETH
Team
Storm Bear Williams - Founder
John McAfee (The Big Dog) - Senior strategist & Advisor
Steven Peterson - Blockchain Badass
Keith Hall - Backend Developer
Kevin Williams - Frontend Developer
Daniel Spyralatos - Director of Social Media & Digital Marketing
Dean Williams - Director Of Business Development / HR
Media
Useful links
Conclusion
The project aims to help small business owners expand their businesses with the help of investors who believe in them and who would like to partake in the growth of their favorite business premise.
With a limited supply of 100 million NIM this project if executed properly seems to be very promising
This is however not a financial advise and you should do your own due diligence if you decide to invest. And don't forget never to invest more than you can afford to loose.
At the end, here is a link to a very cool Q&A with the Founder of the Project Storm Bear, hosted by ICO Genius channel where you can hear the answers to some important questions, regarding this ICO. You can watch it here
If you find this review useful and enjoyed reading it I would appreciate your support by upvoting, following and resteeming it. Thank you in advance
