Syncord | Official News Channel

In the ever-evolving world of blockchain and cryptocurrencies, innovation knows no bounds and has created thousands of new words, such as" "hodl," "FOMO", "FUD" , etc. 

🙌 We're excited to invite you to participate in our "New Crypto Word Creation" contest, where your imagination takes center stage.

We want you to invent your very own crypto-related word, abbreviation, or short expression, and share it with us along with a brief explanation.

Prize Pool: $100 in NIMB!
Duration: 72 hours
5 lucky winners will be chosen! 🎁
Follow this Tweet for entry instructions: LINK

Why Africa has a vast potential for Crypto and DeFi? 🌍

In a nutshell: Crypto has the built-in tools to single-handedly solve many of the challenges existing in Africa.

See the link below to find out what crypto solves and the interesting crypto technology being built in Africa👇

https://nimbusplatform.io/library/universe-of-crypto-and-deFi/market-insights/the-digital-renaissance-exploring-africa-vast-potential-for-crypto-and-defi/

Word of the day: Dust

Tiny, negligible amounts of cryptocurrency left in wallets after transactions, often considered uneconomical to spend or transfer due to fees.

🍕The pizza transaction is widely known as the first-ever Bitcoin purchase, but what many might not be aware of is that a few months before that, in March 2010, Laszlo Hanyecz made history by buying a bag of alpaca socks🧦 from a seller in the UK for 10,000 Bitcoins, marking one of the earliest real-world commercial exchanges using the cryptocurrency.

Perhaps the most expensive socks in the world 😂

Which Offers More Value: Decentralized or Centralized Exchanges? 🤔

If you ask crypto users, “Would you prefer to have control over your private keys or let a third party control them?” A staggering majority would prefer to have control.

But...Many crypto users happily relinquish their private keys to centralized entities. Why?

We explain in the article below — plus give you an insight into the qualities both CEXs and DEXs provides:

https://nimbusplatform.io/library/universe-of-crypto-and-deFi/resource-station/decentralized-exchange-vs-centralized-exchange-which-offers-more-value/

BlackRock CEO says demand for crypto is greater than we think! 😲

CEO, Larry Fink recently said in an interview, “More and more of our global investors are asking us about crypto”

He then went on to say, “It’s so international it’s going to transcend any one currency”.

Like 🙌 if you think this is bullish for crypto!

Hey Nimbus Community 👋

We have good news...

We've just been validated on Magic Square!! 🎉

A huge thanks to the whole Nimbus community for the extraordinary support in making us get validated fairly quickly. 🙌

It's our mission to reconstruct the future of finance, and we're taking every step to make that possible. Our presence on Magic Store will be instrumental in achieving this goal, as it enables us to expand our innovative technology at great lengths. 🏆

Visit the store here: https://magic.store/app/nimbus-platform

Hey Nimbus Community 👋

Here's your Weekly Nimbus Metrics!

Time to announce Friday's contest winners 🥳

The winners can be found here:
LINK

Hey Nimbus Community 👋

Get ready for an incredible opportunity to spend a holiday with the Nimbus Team in Abu Dhabi this early autumn! 🛫🏖

🚀 How do I enter?
Become one of the 40 fastest and most enterprising users to achieve a turnover of 42,000 BUSD within your Nimbus Plus first line. Just add at least 28,000 BUSD to Staking and acquire Nimbus NFTs (Smart Staker & Smart LP NFT) worth a minimum of 14,000 BUSD.

⏰ Contest duration
Mark your calendars! The contest is running from July 10, 2023, to September 5, 2023.

📝 Important note
Only new Staking and newly acquired NFTs between Jul 10 and Sep 5 will be considered for the contest.

❗️NFT Staking functionality
Please, note that for the NFTs to be counted in the total turnover, they should be added to NFT Staking till October 1, 2023. For that, you will receive an additional reward of 15% of the NFT acquisition amount (in NIMB tokens).

This way, the NFTs will be transferred from your account to the Staking smart contract and let you participate in the contest. On October 1, you will receive your NFT back, as well as the reward.

💡It is also worth mentioning that for NFTs to be counted in the total turnover, they should be acquired via the NFT referral link by the first line referees of the structure owner.

📆 Event dates
The trip will take place from September 28, 2023, to October 1, 2023.

To get more details, check the Land & Leader page or the file attached 👉 LINK

P.S. We will share the detailed guide on how to add your newly acquired NFTs to Staking shortly. Stay tuned for more updates 😉

Crypto News Digest ⚡️

👉 Ripple Emerges as Fourth Largest Cryptocurrency Following Legal Win Against SEC

👉 Shiba Memu Raises Nearly $800,000 in Presale as Demand Soars for Dog-Themed Memecoin

👉 Argentina Launches First Bitcoin Futures Contract as Part of Innovation Agenda

👉 European Banking Authority Urges Adoption of Guiding Principles for Stablecoin Issuers

👉 Google Play Embraces NFT Games in Policy Update

Read more here:
LINK

NEW Quiz Alert! 🥳

Do you understand the history of Web1, Web2 and Web3? 🤓

Our new quiz has questions based on our history of the internet article!

Prize Pool: $100 in NIMB!

Duration: 72 hours

Follow this Tweet for entry instructions:
https://twitter.com/nmbplatform/status/1679803569321525248?s=20

5 lucky winners will be chosen! 🎁

Do you know the history of Web1 and Web2? 🤔

The evolution of the internet has a rich history and now, we're witnessing its advancement in Web3. We break down the internet's history and how crypto has altered the internet's destiny...potentially forever.

Learn more here:
LINK

Hey Nimbus Community 👋

The Nimbus mobile version has been updated! 🙌

We previously added the Staking Section and now our Swap Section puts us one step closer in our mission to upgrade the UX and UI of all Nimbus Interfaces so you have a great DeFi experience across all platforms.

Access the Nimbus mobile version here:
https://m.app.nimbusplatform.io

In traditional finance, everyone knows the first step to start interacting with money: A bank account.

👉 However, there isn’t a set way of doing things in crypto.

👉 You literally come in the space and make decisions for yourself.

👉 Over time, the crypto community have collectively identified the most efficient and ideal ways to interact with crypto.

👉 Based on numbers, the top wallets happen to be MetaMask and Coinbase Wallet.

Find out which one deserves your crypto more👇
LINK

Tuesday News Digest ⚡️

Vitalik Buterin calls for layer-2 Bitcoin solutions like Ethereum

During a Twitter Space hosted by Bitcoin developer Udi Wertheimer, Ethereum co-founder Vitalik Buterin expressed his belief that the Bitcoin network requires scalable solutions such as zero-knowledge rollups (ZK-rollups) in order to transcend its role as a mere payment network.

He stated “I think if we want Bitcoin to be more than payments, it needs more scaling solutions”

Do you agree? 🤔

Word of the day: SEC

The US Securities and Exchange Commission, is a regulatory agency responsible for overseeing financial markets and enforcing securities laws, including their involvement in regulating and monitoring the crypto industry.