Nimbus Platform Review: A Gateway for Crypto Exploration

We’ve all seen headlines and advertisements about cryptocurrency, and it’s obvious that many individuals and institutions are excited about the financial opportunities it offers. Why not you?

First, you think it's too much work. Learning about the blockchain technology underlying the revolutionary financial system seems tedious enough, but studying new financial tools when you only recently mastered your retirement allocation is just too much. Then there’s the risk and volatility. You can’t afford to gamble on every new financial craze.

Seems reasonable, but then you wonder if you’re making a huge mistake by not entering a new financial era that promises to rival the invention of currency itself. What should you do, and where can you find the answers to make a decision?

You could investigate decentralized finance, the cutting-edge industry that recast traditional services for the new crypto assets. Over the last decade, DeFi has evolved its business models while developing better products and user experience. If you’re new to crypto, however, you still might think the platforms are too complex and confusing. Many have specialized financial products and require users to actively manage their own assets. Assembling a diverse strategy entails switching among different alternatives and spending more time trying to understand them, a difficult task for newcomers who have no idea how these strategies work.  More to the point, it’s difficult to tell which platforms are performing well and which you can trust.

What you really need is a simple to use DeFi gateway that can educate you about DeFi strategies and clearly inform you about its products. One of the best is the Nimbus Platform, which has user-friendly navigation and educational tools that explain the most innovative – or inscrutable – financial strategies. The fifteen earning strategies Nimbus offers are easily accessible to everyone. Users only have to choose the options that lead to their financial goals and follow simple, step-by-step instructions to start earning rewards. Staking is one effortless way to earn rewards by holding assets in a pool that produces a high annual yield. Or use Nimbus’ peer-to-peer exchange to exchange tokens with other Nimbus users, setting price and volume on your own terms. A self-executing protocol or “smart contract” securely completes transactions, without any intermediary or commission. The Nimbus lending decentralized application or “dApp” allows you to lend any amount and withdraw your rewards or assets any time. The borrowing dApp has fixed rates and no time restrictions. Risk is controlled by users setting their own collateral level, and liquidation is managed by Nimbus’ own notification system.

These strategies are so simple and rewarding that you’ll find you want to know more, and earn more. Luckily, Nimbus is in the process of developing unique products that will capture your crypto imagination, like the first yield-generating NFT. While most NFTs represent ownership of specific digital assets like art and collectibles, the Nimbus NFT will function as a personalized financial strategy. This innovative application will automatically distribute assets across products, save time and fees, mitigate risk and optimize yields. Another unique Nimbus product, the crowdfunding dApp will enable you to participate in startup crowdfunding using advanced features for automatic asset distribution, usage, and accountability.

You can see that Nimbus passes the performance test, but how about trust? All DeFi platforms use smart contracts, which are computer protocols that rely on decentralized code to verify, execute and store transactions on peer-to-peer networks. Because they’re decentralized, smart contracts are not vulnerable to failure at a centralized financial institution. They’re not susceptible to malicious modification because they’re virtually impossible to change. The smart contracts on the Nimbus Platform use some chunks of the same logic that other programs use, like the popular crypto exchange Uniswap. However, Nimbus is unique in DeFi because it’s a financial hub, combining all the chunks in one place for their users to employ with a simple, straightforward interface.

It’s important to note that Nimbus does not usually outsource product development, which can be a mistake for any business that appreciates the importance of long term goals. For Defi platforms, it’s critical to examine and analyze smart contract code to make sure the protocols work correctly, and outsourcing can result in increased errors and loss of control. Nimbus employs a dedicated in-house team of developers who are aware of the vulnerabilities of smart contracts and counter any weaknesses. Nimbus also implements vigorous audit procedures with respected cybersecurity services like Hacken, and has an ongoing bug bounty program rewarding white-hat hackers for finding flaws in their code.

Interestingly, Nimbus smart contract developers are not required to have a background in finance. Instead, Nimbus values diverse experiences that afford both detailed and broad perspectives for its innovative enterprise. Nimbus Platform also emphasizes its commitment to users and community, with a mission to “foster a new society in which each human being is financially empowered and in control of his or her own future - and assets.”

If this sounds closer to the financial world you’d like to see, you’ve got the answer to those nagging crypto questions. 

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