Enjoy at Least Twice as High APY for NBU Staking — Plus Numerous Benefits for the Entire Community

What was one of the fundamental reasons why DeFi attracted so many users?

You guessed it: staking! With DeFi, instead of simply holding your crypto in the wallet and waiting for its market value to grow, you could finally put it to work for a reward. In other words — stake it.

While Nimbus is introducing many other unique and very rewarding ways to leverage your crypto, staking is still the basic functionality we’ve started with. And now, we’re going to further enhance it and become one of the top 5 DeFi projects with the most attractive staking conditions. Here’s how:

Starting from today, 24th March 2021, and up until 24th May 2021, you can receive at least twice as many rewards from the Hard and Soft NBU Staking!

  • Current Soft Staking Reward of 5% will be increased to 10% — that’s a 2X increase!
  • NBU Hard Staking Rewards of 7% — 12% will be enhanced to 30% — 40% — more than a 3X increase!

Why do we do this now?

The Nimbus team constantly keeps exploring new ways for Gas fee optimization on the platform.

The final goal is to completely eliminate this issue by decreasing the gas fees by 10 times through the integration with Binance Smart Chain (BSC) — more about it here.

But until we get there, we’d like to offer you higher staking rewards as a way to make up for the high gas fees. Let all of you be at ease knowing that whatever fees you face along the way, you can always put some NBU in staking, and all of those fees shall be compensated with higher APY rewards.

But wait, there’s more!

  • More demand for NBU:
    This significant step shall not only improve the benefits of the existing users but also ensure a speedier inflow of new users due to the naturally incoming desire for such incredible Staking conditions. And yes, of course, this move is more than sustainable as the Nimbus tokenomics and business model allow for this increase.
  • More exposure for Nimbus — and more prospects for the community:
    This increase in staking APY shall herald Nimbus as the top 5 DeFi projects with the highest staking rewards. And the more exposure Nimbus receives — the more your NBUs shall be appreciated. A true blessing, friends!
  • Limiting the supply of NBU for faster token appreciation:
    As more NBU are put in staking — especially the hard one for 60 or 180 days — the fewer NBU remains in free circulation on the market. As a result, this initiative shall also positively affect the NBU market value even if the demand doesn’t increase too much (while in reality, it constantly does).

As a result, not only those who decide to stake their NBUs will win. The entire community and the existing NBU token holders will enjoy a wide range of benefits straight away!

Now, here is extremely exciting news for those of you who are already staking NBU tokens:

If you have any NBUs staked as of today, the entirety of the rewards you have already received on it to date shall be recalculated based on the new APY level for that particular staking option. Meaning, you will receive at least twice as many rewards as you initially expected — even for all those days for which your tokens have been in staking until today!

Here are the new Staking conditions:

NBU Soft Staking at 10% APY:

  • Minimum staking deposit: no limitations
  • Minimum staking period: no limitations
  • Deposit withdrawal: at any time
  • Reward received in: NBU token
  • Reward level: APY 10%
    *Important: the increased APY will be received up until May 24, 2021.
    If you have any NBU staked as of today, you will receive the increased APY on the days that it has been in the staking until now, too.
  • Receiving rewards: every second without vesting, meaning you can withdraw them any time

NBU Hard staking at 30% APY:

  • Minimum staking deposit: no limitations
  • Minimum staking period: 60 days
  • Deposit withdrawal: can be withdrawn the next day after the end of the staking period (meaning, in 61 days after you’ve staked your NBU) or any time later
  • Reward received in: NBU token
  • Reward level: 30% APY
    * Important: the increased APY is offered for the entire staking period of 60 days given that the staking starts any time before May 24, 2021.
    If you have any NBU staked as of today, you will receive the increased APY on the days that it has been in the staking until now, too.
  • Receiving rewards: every second without vesting, meaning you can withdraw them any time

NBU Hard staking at 40% APY

  • Minimum staking deposit: no limitations
  • Minimum staking period: 180 days
  • Deposit withdrawal: can be withdrawn the next day after the end of the staking period (meaning, in 181 days after you’ve staked your NBU) or any time later
  • Reward received in: NBU token
  • Reward level: 40% APY
    * Important: the increased APY is offered for the entire staking period of 180 days given that the staking starts any time before May 24, 2021
    If you have any NBU staked as of today, you will receive the increased APY on the days that it has been in the staking until now, too.
  • Receiving rewards: every second without vesting, meaning you can withdraw them any time

So, what are you waiting for folks! The clock is ticking!

Start staking NBU now — only 60 days left! https://app.nimbusplatform.io/#/staking

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DAO-governed platform that offers 16 earning strategies for users boosted by multiple layers of risk-management. https://link.nimbusplatform.io/medium

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Nimbus Platform

Nimbus Platform

DAO-governed platform that offers 16 earning strategies for users boosted by multiple layers of risk-management. https://link.nimbusplatform.io/medium

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