There are lots of great ideas but great ideas need great money to start. This problem has in the world for decades and whoever wanted to raise money had to do lots of paperwork, show profits, balance sheet and what not. Not everyone with a great idea has all these things and this makes raising money very hard. Starting this summer, there has been a very new concept that developers from around the world have started using and it's called ICO.
Developers from around the world are raising money through ICO (Initial Coin Offering). They're creating their own cryptocurrencies and offering them to the general public for raising funds to develop their projects.
And trust me I've seen a new company in a matter of days attracting investments worth millions of dollars from millions of people from different countries. Isn't this amazing? Imagine, raising money without a lot of legal efforts? And not only this, the cryptocurrencies that people have invested in have doubled in a matter of days, giving amazing returns to people who invested in cryptocurrencies. If you had d invested in any of the ICO you would have known how great returns people are getting in a matter of days and if I talk about months, these cryptocurrencies have gone on to give up to 1000% in returns from the ICO prices.
To maximize the return of investors who are investing in ICO, Nimfamoney is world's first cryptocurrency lending platform where you can easily borrow NIMFA tokens with zero percent interest rate. Yes, you heard right, you can literally borrow funds for free. These funds can then be used to purchase tokens from other blockchain companies in an ICO or directly on any exchange.
How to get NIMFA tokens?
For becoming eligible to borrow NIMFA tokens for investing in blockchain companies, you've to participate in the ICO of NIMFA tokens i.e. Nimfamoney is organizing an ICO in which they will be selling the NIMFA tokens. For every token bought in the ICO, one can borrow 3x the number of token bought in ICO for participating in the ICO of other blockchain companies.
This can be explained with an example. Assume you've 100 USD and you have to buy a token named ABC whose price is 1 USD per token, so you'll have 100 tokens considering the price mentioned. But with NIMFA tokens, you will be able to get 300 tokens worth 300 USD. Thus, getting a 3x return on investment. This is very much like the leverage forex brokers provide to their customers. The duration of borrowed NIMFA tokens in 30 days.
Below is a snapshot of how things will this work.
Although, you will get an interest-free loan. However, you've to pay 3.3% of the borrowing amount to NIMFA money.
How does it work?
Assume that you are purchasing 100 NIMFA tokens in the ICO. Now, since you own 100 NIMFA tokens, you are eligible to borrow 300 NIMFA tokens for investing in the tokens of other companies in their ICOs. Now, in order to get 300 NIMFA tokens, you have to deposit 3.3% of the amount of the loan amount to get NIMFA tokens. Since the loan amount is 300 NIMFA ($1500), you have to transfer $49.5. This amount is transferred to the decentralized Nimfamoney cryptocurrency loan fund. One thing that should be noted is that all the loans are provided for a period of 30 days. As stated above, the interest rate on the loan: 0% and apart from the 3.3% of the borrowing amount, you have to only pay a 10% commission on your actual income.
How can this maximize your returns from an ICO?
Simply think that you'll be able to get three times more return from your existing return. If you're sure about an ICO giving a return of 100 USD from an investment of 100 USD, then if you use NIMFA tokens, your return would be 300 USD on an investment of 100 USD. Sounds good? It actually is.
Initial Coin Offering
Funds distribution that is raised in ICO are as follows: -
• 55% — Development of the cryptocurrency lending platform.
• 15% — Marketing.
• 15% — Operational expenses on managing the platform.
• 5% — A reserve fund of paying all commissions while developing and maintaining the platform.
• 5% — Expenses on legal services and supporting crypto lending transactions.
• 5% — Unexpected expenses
Benefits of NIMFA tokens: -
• 100% Anonymous - NIMFA token lending procedure doesn't require you to submit your personal data.
• No denials – 100% Automated lending platform.
• Triple profit – Simply because you get to buy three times the amount.
The ICO of Nimfamoney is already live on its website, www.nimfamoney.io
Why should you invest in this project?
With every upcoming ICO, we get to see really interesting things and this one is not an exception. The idea is unique and will be nice to see how they pull things up in the future. As this project is early adopter in the space, early investors would definitely get benefits by investing in this project from medium to long-term.
For more information visit:
Website: https://nimfamoney.io/
Whitepaper: https://nimfamoney.io/ENG_V.1.0_Whitepaper_ICO_Nimfamoney.pdf
Written By: Kishan
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1027561