Nimbus Platform Expanding to Binance Smart Chain

almost 3 years ago (Edited)

Evening

Binance Smart Chain continues to remain the go to option for projects as it is one of the fastest blockchain with lowest transaction cost out there. And what makes BSC even better, is its compatibility with the Ethereum Virtual Machine, allowing migration of Ethereum dapps with minimal changes.

The exodos of Ethereum projects to BSC doesn't seems to be slowing down, at least not until highly anticipated Ether 2.0 cuts down the transaction costs to a level of convenience.

One of the recent project making a move to Binance Smart Chain is Nimbus, an automated DeFi platform that offers its user a variety of products like IPO participation, lending, stacking etc.

As per Nimbus medium blog post:

The integration will open many new opportunities for the community and enable cheaper and faster interaction with the Nimbus platform and tokens. Eventually, it will also help Nimbus tokens to get listed on Binance and enhance the growth of the Nimbus community in China.

^(Source)

Nimbus is powered by two tokens, NBU and GNBU. NBU token offers users access to platform's offerings and GNBU acts as a governing token allowing its holders to participate in governance process via DAO. With Nimbus being originally Ethereum based means both tokens are ERC-20 based by default. Whereas NBU has already gone live to BEP-20 standard and is currently listed at Pancakeswap, GNBU do the same on 24th July.

Nimbus has already gained much traction ever since its launch on Ethereum with a user base exceeding 50,000. Move to Binance Smart Chain will certainly help expanding the project's reach and offer its users option to interact with functionalities at a minimal cost.