Nimbus – an automated DeFi platform that offers 16 earning strategies for users based on IPO participation, Lending, Crypto-Trading, and more – announces a new token listing. On June 17, 2021, its NBU token of BEP-20 standard gets listed on PancakeSwap, the most popular DEX on Binance Smart Chain (BSC). Ultimately, the listing allows users to enjoy all the benefits of the platform without suffering from the high gas fees of the Ethereum network.
This move comes after Nimbus’s integration with Binance Smart Chain with a goal to lower the gas costs for users by 15 times and make the ecosystem more accessible worldwide. As it’s not possible to use the existing ERC-20 standard native tokens, NBU & GNBU, on both blockchains, Nimbus had to replicate NBU and GNBU in the BEP-20 standard that’s accepted on BSC.
The BEP-20 versions of the new tokens encompass the same tokenomics and use-cases as explained on the Nimbus website. At the same time, they are likely to have higher potential than the ERC-20 version as Nimbus development on BSC becomes the top #1 priority for the team for the coming months.
As for NBU (BEP-20), besides being the platform’s utility token, it provides access to 16 earning strategies and can be used to receive extra benefits when using the Nimbus dApps. Finally, only until June 25, users can stake it at up to 80% APY on the Nimbus platform – which is one more reason to partake in the upcoming PancakeSwap listing.
“The BSC integration enhances interoperability and accessibility of the Nimbus ecosystem. Our listing on PancakeSwap, on the other hand, allows Nimbus to activate its massive Chinese community and expand to new markets. Now Nimbus solutions are truly accessible to anyone – all you need to have is an internet connection.” – Jorge Sebastiao, CEO of Nimbus.
The listing of the NBU BEP-20 token on Pancake Swap will enhance the growth of the Nimbus community in one of the most important regions for the crypto industry – China. As more and more users execute swaps, the entire community benefits. Finally, this is a perfect time for NBU to be featured on a new DEX as the market is once again in a bullish phase.
About Nimbus Platform
Nimbus is a DAO-governed ecosystem of dApps that offers 16 earning strategies for users based on IPO participation, Lending, Crypto-Trading, and more. With its integration into the Binance Smar Chain, Nimbus is looking forward to becoming a cross-chain platform. In the meantime, users can enjoy 6 staking options, liquidity providing, LP token staking at 100% APY, and so on. The ultimate goal of Nimbus is to merge the best of Traditional Finance with the best of DeFi in one spot and make it more user-friendly.
For details on the BSC integration: https://nimbusplatform.medium.com/tired-of-high-gas-fees-nimbus-expansion-to-binance-smart-chain-will-resolve-that-7ebaada9cc75
To learn more about Nimbus, visit their website or follow them on Telegram, YouTube, Twitter, and Medium
The same way as the Uniswap DEX which runs on Ethereum, PancakeSwap enables users to swap between crypto-assets and join liquidity pools but with lower gas fees. The intuitive user interface, on the other hand, will help users to exchange their tokens seamlessly and effortlessly, thus improving the trading experience. Besides that, PancakeSwap offers additional opportunities for staking and yield farming.