NIMBUS TOKEN WHITEPAPER
Token Crowdsale
Prepared by: Storm Bear Williams, CEO April 17, 2018 Whitepaper Version: v1.0.12
NIMBUS TOKEN
INTRODUCTION
A NEW TYPE OF CRYPTOCURRENCY-THE PRODUCT TOKEN
The Nimbus Token Platform allows businesses to fund their projects via pre-sales so they can greatly expand their operations, hire new workers and develop new products. Unlike other cryptocurrency platforms, we have found a way to use blockchain technology for any product or service. For the first time, blockchain technology can be used to raise money for small business projects and for crypto entrepreneurs to grow their altcoin collection.
To give the NIM token long-term viability, the buyer of product tokens have immense flexibility. If they don’t like the product token they bought or the store is not performing well, they can barter for another product token, hold onto it until the market changes, or get a pro rata refund based on the sales the store has logged. Combining this flexibility with smart contracts will make the NIM token a more useful cryptocurrency.
This new, radically disruptive idea opens up vast sectors of the economy to tokenization and blockchain technology. It democratizes business in ways that haven’t been accomplished for goods and services.
In this model, we use a different type of token that we call product tokens. The value of product tokens is derived from the sales a specific store generates. Unlike Bitcoin, which is a store of value based on scarcity, NIM tokens are a store of value based on actual commerce. Our theory is that the more commerce that is transacted, the more valuable the NIM tokens will become.
As the cryptocurrency world stands right now, cryptocurrencies are seen as digital assets. The Nimbus Token Platform enables mom-and-pop businesses to expand using cryptocurrencies.
With this platform, owners of NIM tokens can open stores, raise money, issue branded tokens, or run stores for others. Stores benefit from the privacy and security of cryptocurrencies and smart contracts.
Product tokens are a way for customers to buy products or services via pre-sales. Sales logged will enable the customer to either use their tokens at the store, barter them for tokens from another store, request a pro rata refund, or hold onto them. Unlike Wall Street’s high-frequency trading, the platform brings fairness to the exchange of goods and services.
Every time a store makes a sale, a portion goes into the product token wallet in the form of ETH. If any NIM were leftover from the crowdsale, an amount is mined from each sale to go into the store’s wallet.
USE CASES
The Nimbus Token Platform can be employed for various business projects. Stores can raise funds by selling their own branded tokens instead of approaching venture capitalists.
For customers who bought NIM during the crowdsale, these tokens unlock platform functionalities. NIM tokens are necessary for opening stores and to buy branded product tokens.
Using product tokens, customers can always get a pro rata refund or barter on the exchange. Buying during a store’s pre-sale allows customers options not available on platforms like Kickstarter.
HOW TO BLOCKCHAIN AN AVOCADO
An avocado farmer can pre-sell avocados to expand their orchard. A portion of the sale from each crop goes into the product token wallet, allowing customers to trade tokens or request refunds.
HOW TO BLOCKCHAIN AN AIRCRAFT FACTORY
An aircraft manufacturer can raise funds by pre-selling aircraft. A percentage of each sale will also go towards the product token wallet.
HOW TO BLOCKCHAIN A MASSAGE
A spa entrepreneur can expand by seeking funds on the Nimbus Token Platform. A percentage of service sales will go into the product token wallet for customers to redeem.
MINING NIM
NIM tokens are initially available during the crowdsale, and all unsold tokens will be pooled for later mining by stores as they log sales. NIM tokens are required to open stores, and those who missed the crowdsale will have to wait for exchanges.
NIM mining occurs when stores log sales. Customers with pre-sale tokens receive a unique product token-NIMx and can utilize or exchange it. For every sale, NIM tokens may also be mined for the stores' wallets.
NIM VS NIMX
The platform utilizes two types of tokens: NIM (utility token sold during the crowdsale) and NIMx (product tokens). Product tokens have unique IDs, allowing for bartering and trading on the exchange.
ECOSYSTEM
The Nimbus Token Platform aims to build businesses and sell products by allowing businesses to launch token sales. Customers trade unique product tokens on the platform while stores mine NIM tokens as sales are logged. This creates a cycle: sale, produce, reward, and exchange.
DISTRIBUTION
| Description | Percentage |
|---|---|
| Token Presale | 20% |
| Token Sale | 50% |
| Team | 10% |
| Founders | 10% |
| Costs and Fees Reserve | 10% |
| Total | 100% |
FUNDING ALLOCATION
| Description | Unit Price |
|---|---|
| Labor | 40% |
| Marketing | 20% |
| Facilities | 10% |
| Security | 5% |
| Legal | 3% |
| Infrastructure | 7% |
| Reserve Fund | 15% |
| Total | 100% |
ROADMAP
We anticipate a minimally viable product by Q3 of 2018, with future features launching through 2019. The crowdsale announcement will go out via multiple channels, followed by a whitelist sale.
PROJECT DEVELOPMENT PHASES
- Staffing: Hiring a team for platform development.
- Alpha Prototype: Development of core components.
- Beta Testing: Initial testing with select NIM token holders.
- Golden Master Deployment: Public release after necessary adjustments.
- Upgrades and Expansions: Continuously improving features.
FOUNDER AND TEAM
Storm Bear Williams has a background of involvement with groundbreaking products in both startups and established firms. He founded BooksForSoldiers.com.
JOHN MCAFEE
Senior Strategist & Advisor: An experienced programmer and creator of antivirus software, McAfee advises on blockchain economics.
STEVEN PETERSON
Blockchain Developer: Steven brings expertise in various programming languages and blockchain applications.
KEITH HALL
Backend Developer: Responsible for the seamless operation of the platform, Keith has extensive experience.
KEVIN WILLIAMS
Frontend Developer: Kevin specializes in user interfaces and designs for web and mobile.
DEAN WILLIAMS
Director of Business Development: Focused on client relationships and partnerships.
GLOSSARY
- Branded Product Tokens: See NIMx.
- Customers: Individuals who own NIM tokens.
- NIM: The utility token for the Nimbus Token Platform.
- Product Token: Tied to a specific product/service.
- Transaction: When sales occur on the platform, contributing to the ETH wallet and mining.
THE HOWEY TEST
The "Howey Test" determines if certain transactions qualify as securities. If a crowdsale passes all four criteria, it’s considered a regulated security in the U.S.
LEGAL NOTICES & DISCLAIMERS
The Nimbus Token Platform tokens are not intended as securities. The whitepaper does not constitute a binding offer or prospectus. No person is compelled to enter into any contract based on this document. Seek legal counsel regarding any cryptocurrency purchase.