LBank AMA Recap with $NIMB
On Dec 14 , we held an AMA with the $NIMB team, hosted on LBank official telegram channel. If you guys had missed this session, here’s another chance to get a full transcript of the AMA event.
INTRODUCTION :
W M:
Sure, Nimbusplatform.io is our main page. We provide multiple earning strategies and ways to earn rewards directly through the platform…
2 years ago, we started with the basics of DeFi for our platform. That was to provide products such as staking, lending and borrowing, peer-to-peer, and swap machine etc. All the dApps operate with our two tokens, utility token NIMB and governance token GNIMB. And starting from today we’re happy about our listing on LBank
So, to continue about our roadmap, Once this was completed, we advanced our focus to bringing you the best financial practices into blockchain, making us operate more as a global fintech company and not just a DeFi one.
We’ve started this by launching our unique Smart Staker and Smart LP n-NFTs which act as financial derivatives
We have more plans in the works such as developing the concept and pilot of having fixed income instruments in the traditional market that are sovereign and corporate bonds (rated), to be purchased from the open market through broker-dealer licensure, and be custodied — whereby the staking rewards on staking in DeFi is derived from the coupon payment of such fixed income instruments.
My initial foray into investing goes back as far as the early 2000s with the.com phase in the American markets and in fact, a funny story there whereby Yahoo was being added to the S&P 500 and we were able to notice a dislocation in the market because only 248 million shares were available for trade and S&P 500 is a market weighted index…
This gave us an idea that typical retail investors lacked a means to take advantage of these developments
Anyone who knew all the data was able to 10x their investment in minimal time there
So we have always had the idea that we wanted to provide professional grade tools to retail investors and the common user, and in fact this is what we have been given the opportunity to do today, and we are pleased to play a pivotal role in this industry
Finished
Question1: What is the competitive advantage your platform has that you feel most confident about?
Guest Answer : Easy answer …
Not only do we bring non-custodial and decentralized financial products, we integrate traditional market infrastructures that have been perfected over time in capital and credit markets. This integration puts us in a unique position to effectively deliver a hybrid traditional finance and DeFi solution. From a user standpoint, we provide 15 revenue streams through one point of access. The simplicity Nimbus Platform provides makes it easier for users to engage with DeFi products, even if they don’t have much experience in the space. Another feature that makes us different is our first of its kind yield-generating NFT.
NFTs are usually associated with art and for the most part, they don’t give any value to users. By creating a yield-generating NFT that’s efficient to use, we’ve essentially changed the dynamic of the NFT space and presented one of its best use cases to the world. Our NfT section https://app.nimbusplatform.io/#/nft/n-NFT
You can check all our products here https://nimbusplatform.io/
Question 2:Do you have any plans to attract non-crypto investors to join your project? What are the plans to raise awareness about your project in the non-crypto space ?
Guest Answer: We are working with real world, banking partners on future enhancements that will connect the traditional finance world with our defi space, and this will bridge the two- creating a way in for traditional investors, who are not part of any crypto project until now.
The term we’ve adopted for the first pilot in the area is digibonds (digibunds) depending on where you’re from. These will include commercial “paper” aka commercial bonds with investment grade ratings- you know these ratings agencies such as “Fitch” or “Standard and Poors” who assign AAA or A+ for example to indicate the bonds are investment worthy. Thus the yield is derived from the coupon payments on these bonds. It’s a revolutionary way to bring new users and reach new markets which solves several conundrums for the participants, while creating an entirely new asset class in the form of these digibonds.
Of course, this is just one example, and we continue to explore different options in order to bring new opportunities to our users while also attracting new users to the platform from other sectors and industries.
Finished
Q3:In today’s difficult situation where most projects fail and are sometimes forgotten, how will your project stand the test of the Bear Market? What strategies does the project use to reduce possible losses?
Guest Answer: W M:
So we have the most obvious answer in the form of the high standard we set for ourselves with regard to security on the platform, and this gives us the opportunity to offer our services with minimal risk to user assets, while using key features of decentralization to allow those same users to maintain their own digital assets. The transition to a centralized exchange (Of course, we refer to Lbank), gives us the ability to also secure a more egalitarian trading system for the community. Traditional DEX’s platforms, allow bots and other predatory technologies, to run rampant, and this destroys value for everyone. We also are able to provide access in new territories, while the market takes time to recover by expanding to many countries where the unbanked have yet to enjoy the benefits of DeFi.
Periods of prolonged decline in asset prices are an opportunity for innovation, and this is the time to build and scale up, which we are absolutely doing and in fact, our team continues to work very very hard. I have not seen anyone work harder and we’re very proud of them.
Finished
Question 4: Can you tell the investor how many people are currently working in the team, their experience and qualifications and their achievements?
Guest Answer: W M:
The Nimbus team consists of 80+ team members who share the same mission of building a cohesive and accessible infrastructure in DeFi. The team also consists of community members who inspire us to dedicate the same vision. We are truly proud of those success stories and the fact that we are able to uphold inclusivity, one of our strongest core values.
Our CEO, Patricio Pozzi, a leader with vast experience in banking, finance, business consultancy and strategic advisory. His previous occupation was the position of an international senior private banker in Switzerland (17+ year of experience with clients from three continents).
Patricio actually really represents as well because we have many members of the traditional financial community on board and this gives us an edge because we are able to bridge the gaps between traditional finance and DeFi.
Finished
Question 5:Can you briefly describe the top milestones you have achieved and your target milestones with timelines, also share your roadmap?
Guest Answer: W M:
So we definitely explained in the previous section, a very important innovation regarding the NFT that we offer through our platform and the novel concept of these being reward generating NF tees, and that is very important from a risk diversification and investment strategy standpoint.
We went further with a private banking, offering for larger sized accounts that gives the client the ability to take advantage of our risk management capabilities, and to make define transactions as they would with similar funds at a traditional bank, and this has been a completely novel concept
Furthermore, and also all in the span of 2022 we are now building the next level of integration with traditional finance firms, and opportunities by bringing digital bonds to the Blockchain
The spirit of innovation continues, and we look forward to providing even more useful tools and capabilities in the near future, as we continue to build and scale up.
Finished
Community Questions:
Question 1 : Have you being audited ? Have not heard you talk about that security of funds is what every investor craves for and plans to escape incase of insecurity if funds,scams and rug pulls ? How strongly built are your security put in place?
Telegram Username : Gita seitz
Guest Answer : We have had multiple audits and they are all listed on the landing page @ nimbusplatform.io
Furthermore, we do not take custody of our users assets. Therefore, there is no risk in terms of such arrangements.
We have created a hybrid system with certain decentralized elements that also incorporates the high level of security gained from utilizing a centralized trading platform.
Question 2 : What is the most ambitious goal of your project? Could share with us any Upcoming Updates? @GuestUser2009
Telegram Username: shanae Dobbs
Guest Answer: Good question…bringing financial products to the Blockchain, including digital bonds, is something we are extremely pleased to be engaging in, and this level of ambition is fairly typical of the individuals working on our project, who never surprise me, because they are always raising the bar constantly in terms of reaching for the stars.
Question 3 : What are the benefits of holding your token as long term investment? Can you tell us about the motivation and benefits for investors to keep the your token in the long run? @GuestUser2009
Telegram Username: Dan Hastings
Guest Answer: With the important milestones of listing on LBank exchange, we now have the opportunity to change certain dynamics regarding the tokens, as well as new utilization factors, being introduced through the platform, in order to give them more use cases.
In addition, we are adding a fully functional DAO to help us make use of the governance token, which will be listed as well here at LBank under the symbol GNIB
Question 4 : Do you have tutorial videos so we can get to know your project more clearly or do you have a YouTube channel or something? can you share it with us? @GuestUser2009
Telegram Username: Relentless
Guest Answer: Great question and yes, in fact we have in the Nimbus Academy many great videos, and you can find them on our YouTube channel : Nimbus platform
https://youtube.com/@NimbusPlatformChannel
Q5 : Can you share your social media links so we can keep ourselves updated?
Guest Answer:
t.me/Nimbus_Platform_ENG
t.me/nmbplatform
https://twitter.com/nmbplatform
and web site https://link.nimbusplatform.io/ugb
Click here to download for iOS or Android
Website: https://lbank.info
Twitter: https://twitter.com/LBank_Exchange
Facebook: https://www.facebook.com/LBank.info/
YouTube: https://www.youtube.com/c/LBankExchange
Telegram: https://t.me/LBank_en
LinkedIn: https://www.linkedin.com/company/lbank
Medium: https://medium.com/LBank
Reddit: https://www.reddit.com/r/LBank2021/
