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New listing announcement of Nimbus governance token on Uniswap

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Source: GNBU

The impact of the Covid-19 pandemic can only be compared with unleashing Pandora’s Box. Most of the countries went into a deep recession due to quarantine measures, thus forcing central banks to interfere. As a result, multi-trillion stimulus measures have been introduced to revitalize the economy.

Unfortunately, money printing had a side effect – by creating dollars from scratch at an unprecedented rate central banks have caused a weakening of the currency’s status and reputation. Curiously, this became a historic opportunity for the crypto industry. Searching for a new instrument to hedge “money erosion” investors turned their eye on Bitcoin. The reason is quite simple – Bitcoin’s supply is capped at 21 million and unlike central bank-issued money, miners competing to solve computer puzzles produce bitcoin. Its decentralized nature keeps Bitcoin away from all the geopolitical tensions.

In reality, most cryptocurrencies and projects share similar qualities. In this context, it shouldn’t be a surprise that the whole industry witnessed a spike in investments. As a result, the global blockchain market size is expected to expand from USD 3.0 billion in 2020 to USD 39.7 billion by 2025, at an effective Compound Annual Growth Rate (CAGR) of 67.3% during 2020–2025.

Most importantly, 2020 became a year of decentralized finance or DeFI. Built on top of Ethereum Blockchain, DeFi protocol offered something new to the crypto industry – lending and borrowing, mining liquidity, building Decentralized Exchanges (DEXs), and even create derivatives. And all of that, without the need to rely on any intermediary. Overall, a market cap of DeFi projects closed out the year 2020 above $13 billion.

One of such projects is Nimbus, a DAO-governed ecosystem that offers users over 10 earning strategies based on time-honored financial instruments, including classic IPO. The best part is that just a few days ago Nimbus announced the listing of its governance token, GNBU, on Uniswap – the biggest decentralized crypto exchange.

Before Uniswap, the GNBU token was launched on the Nimbus Internal Swap Machine. Due to high interest from the crypto community, its price has surged 200% in just days. The secret lies in the token structure as it gives not only voting rights and trading opportunities like many other governance tokens. Holders can receive a passive income from more than 10 revenue-generating mechanisms of the Nimbus Platform. All at once! Thus, the key to Nimbus’s success lies in diversification.

Uniswap listing brings additional arbitrage opportunities to GNBU holders. And even when the price difference begins to level out, users can continue to enjoy the best benefits that GNBU has in store. Considering project potential, most probably GNBU could become one of the most successful tokens of its kind in the long run.

In terms of numbers, the Nimbus Platform boasts of a massive community with over 50,000 users who are enthusiastic about the final emergence of Nimbus as a one-stop-shop consisting of four Nimbus dApps- IPO participation dApp, Peer-to-Peer Lending & Borrowing dApp, Crowdfunding dApp, and Crypto Arbitrage-Trading dApp.

Combined, the fours dApps offer users several revenue channels, allowing GNBU holders to receive portions from every opportunity of the platform.

The cherry on the cake is that users can enjoy first-mover advantage now by swapping GNBU on Uniswap within two pairs – ETH/GNBU and NBU/GNBU; here’s the link: https://app.uniswap.org/#/swap?inputCurrency=ETH&outputCurrency=0x639ae8f3eed18690bf451229d14953a5a5627b72

As a final remark, the GNBU token presents an extraordinarily opportunistic and rewarding entity in the DeFi market. With its listing on Uniswap, it further enhances the benefits for all holders and traders.

To learn more about the project visit their website or follow them on Twitter and Telegram!

Disclaimer: This article is a paid post and must not be considered as news/advice.

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Having studied Chemical Engineering, Akashnath's focus is on the UK and Indian markets and especially crypto assets. He is devoted to technical analysis and is always on the lookout for investment opportunities.

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