Nimbus Review- Scam

  • 361

In this article, we will look at Nimbus Platform, a cryptocurrency scam with fraud as a business model.

Andrea Zanon and David Mazaheri founded the company; Zanon left in September and was replaced by Fernando Martinho.

Martinho states on his LinkedIn page that he is based in London, United Kingdom. His name was suddenly removed from the firm’s website a few days ago; here’s how it appeared before:

Nimbus Platform has not publicly addressed this, either on its website or social media channels.

Martinho’s most recent appearance was in a webinar on December 21st, 2020, which was later uploaded on Nimbus Platform’s official YouTube channel.

Nimbus Platform’s website does not list a business address, although it appears to operate through Nimbus Platform LTD, a Malta-based shell company.

Nimbus Platform’s Products

Nimbus Platform does not sell products or services; rather, affiliates are invited to market Nimbus Platform’s private membership. But do the Nimbus Platform’s founders follow through on their promises? Let’s wait and see.

Nimbus Platform’s Compensation Plan

Nimbus Platform affiliates invest in NBU tokens with the expectation of a passive return.

Nimbus Platform seizes NBUs for 60 days following initial investments. If affiliates wish to reclaim tokens after this time, they must pay 7 % ROIs for their own money.

Nimbus Platform does not reveal the internal value of the NBU token. And this is because its value is nonexistent.

Nimbus Platform claims to pay all returns, commissions, and bonuses in NBU tokens.

Payouts are further suspended due to an odd percentage method:

“Rewards will be distributed to you on a daily basis, with each award locked for two months before being delivered gradually through a smart contract in 20% increments over a five-month period.”

Referral Commissions

Nimbus Platform promises a 10% referral commission on NBU tokens purchased by individually recruited affiliates.

I’m guessing the 10% is also applied to any NBU tokens earned by the affiliate after the initial investment.

Swap Rewards

Nimbus Platform claims that the Swap Reward is paid using a uni-level compensation mechanism similar to this:

The Swap Reward is calculated as a proportion of tokens “swapped” on the internal market for anything else.

On the Nimbus Platform, the Swap Bonus is limited to six uni-level team levels, which are as follows:

Level 1 – 0.06 %;

Level 2 – 0.03 %;

Level 3- 0.02 %;

Levels 4 and 5 – 0.015 %;

Level 6 – 0.01 %.

Joining Nimbus Platform

Nimbus Platform affiliate membership fees are not disclosed on the company’s website.

What we do know is that significant investments are necessary to join.

Final Thoughts

Despite their best efforts to explain it away, Nimbus Platform’s original NMBT token Ponzi scheme failed. But, they reasoned, what the hack, one can always try again!

They’ve begun over with NBU coins, which would have taken less than two minutes to create on the ERC-20 platform. And, of course, to deceive others again.

The initial Nimbus Platform Ponzi scheme was linked to an Avalon trading bot that now looks to be discontinued.

Nimbus Platform’s founders also created two more Ponzi scam coins: Nimbus Governance Token and STAN.

Nimbus Governance Token (ERC-20 standard) is advertised to allow token holders to vote and allocate Nimbus Platform transaction fees.

Nimbus Platform claims STAN to be a stablecoin that is backed by USD one-to-one.

On the pay front, Nimbus has taken a step back, forsaking its fleshed-out referral structure in favor of a forged exchange bonus scam.

In a nutshell, the firm is committing fundamental securities fraud. Another question mark is the absence of any retail product or service. 

Know whom to trust!

In this article, we will look at Nimbus Platform, a cryptocurrency scam with fraud as a business model. Andrea Zanon and David Mazaheri founded the company; Zanon left in September and was replaced by Fernando Martinho. Martinho states on his LinkedIn page that he is based in London, United Kingdom. His name was suddenly removed…

In this article, we will look at Nimbus Platform, a cryptocurrency scam with fraud as a business model. Andrea Zanon and David Mazaheri founded the company; Zanon left in September and was replaced by Fernando Martinho. Martinho states on his LinkedIn page that he is based in London, United Kingdom. His name was suddenly removed…

Leave a Reply

Your email address will not be published.