My sister always asks me my opinion about everything, like who she should date and where she should take her boss to dinner. I’m not sure why she wants my perspective. She doesn’t seem to trust my judgment as much as she wants to blame me for any bad results with that “why did you tell me to do that” voice. So when she asked me if she should jump onto the crypto bandwagon, I didn’t fall into the trap. Instead of recommending certain currencies, I advised her to look into a reliable DeFi platform to provide the education she needed and a range of strategies she could consider.
Of course, then she asked me to recommend one. Although DeFi platforms have refined their business models to focus on improved user interface and newcomer onboarding, I wasn’t about to give her an option that would be as complex and indecipherable as cryptocurrency itself. What would be the point of telling someone who doesn’t have the time or inclination to understand blockchain to struggle through a maze of DeFi vocabulary and products? She needed a gateway platform that’s easy to use and offered resources for newcomers. But she also could benefit from a hub that packaged a variety of strategies so she wouldn’t have to visit numerous platforms trying to find the right financial tools while learning their procedures. Most of all, I needed to recommend one built on a solid business foundation that wouldn’t lose her assets to hackers. Imagine what would happen to family fun night! That’s when I told her about the Nimbus platform.
To explain: all DeFi platforms utilize sets of algorithms called smart contracts that automatically execute transactions when certain conditions are met. Smart contracts verify, secure and store transactions on blockchain without requiring an intermediary, person or institution. Nimbus smart contracts are not all unique because they share some of the same logic that other platforms use, like the popular exchange Uniswap. Nimbus is unique, however, because it assembled all this logic in one place to provide the ease and efficiency their users want. With a simple interface and step-by-step instructions, Nimbus enables all users to find the most successful strategies for their financial success.
Nimbus has also developed innovative unique products like its NFT. While other platforms’ NFTs represent ownership of unique items like digital art or collectables, Nimbus created the first yield-generating n-NFT. It functions like a personalized financial strategy that automatically distributes assets across products, saving users time and fees as it mitigates risk and optimizes yields. Users who look for advanced strategies will welcome the unique IPO hub Nimbus is developing. Their hub will allow users to access IPO shares with their digital assets, without having to go through a brokerage and pay their huge fees. It will include sophisticated evaluation mechanisms and relevant analytics, convenient for users to employ as they evaluate various offerings.
Many DeFi start-ups will outsource the development of their products’ smart contracts, but this can be one of the most critical mistakes they can make. Nimbus avoids the practice because significant issues can occur when an outsourcing company lacks control. If product technology is developed and held by an outsourced team, the outsourcing company doesn’t have control of the technology or the product. Consequently, the company and its platform’s users can suffer massive financial losses if there are vulnerabilities. It seems every week another platform announces millions of dollars of losses to hackers, much of which will not be recovered.
Fortunately for its users, the Nimbus Platform carefully assembled an in-house development team dedicated to preventing errors and the financial loss they can cause for their users as well as themselves. They may outsource temporarily for a few acceptable reasons, such as testing a new product’s market acceptance, quickly launching a product before competitors, or avoiding legal issues. However, the platform’s leadership and development team know how important it is to analyze, examine and test their smart contracts for errors to ensure they function without flaw. Nimbus smart contract developers must be knowledgeable about the vulnerabilities of smart contracts and have the skills to correct any errors. They also must know financial basics, but they aren’t required to have a background in finance because the company knows multifaceted perspectives are important for their enterprise.
I’m sure I was right to recommend Nimbus to my sister, who now grabs the check whenever she takes me out to dinner with her latest Tinder friend.
