Here are some benefits of nofollow links,
1. Human traffic: You can still get traffic from 'nofollow' links. You won't get traffic from search engines, but from the websites themselves. If you have good backlinks, this can be very beneficial even though the links are 'nofollow'.
2. It doesn't hurt: 'Nofollow' links can't hurt your website. Search engines won't let them impact your rank (for better or worse).
3. Search engines still follow: Although links are deemed 'nofollow', search engines will still follow the link and index your page in some cases. Most won't let the backlink impact your search engine rankings or PageRank, though.

Nice tips and grate information about "No Follow" links and its benefits for websites, really no follow like save your website and maintain traffic and leads.

The only benefit of No-follow link is increase website traffic. Actually Google do not crawl no follow link means it does not provide any kind of benefits...

The benefit of a nofollow links placed on a message board or site is that you will not have your hands and fingers full of content. These normally include the circumstances, legal products and more.

Benefits of No follow Link building
1. You can Get traffic
2. Its looks natural if you are building no follow and do follow links both.

HI
NO-follow link can only helps in increasing the traffic but the page rank is not going to  be increased by no follow links.

Hi,
The term or concept of Do-follow is given by Google, and it is found only in google toolbar. No other search engine working (or follow) on it. Google's crawler crawls to only do follow sites, but other Search Engines considers no-follow links too so these will be beneficial to rank high on other search engines as well.

Nofollow links are like dofollow ones but the only disparity between nofollow and dofollow links is juicing pagerank. Dofollow backlinks juice pagerank and help your pagerank to boost but nofollow ones don't do that. Also nofollow can drive traffic to your site.

Very nice tips. 
I thought, there is no use of no follow link in the SEO. but now, i think, no follow link really matter on your site ranking.

If your  website generates natural backlinks you should be fine, but if not, you don't want to create only 'dofollow' back-links. As Google's (and other search engine's) algorithms become better, they might find it suspicious that a website has only 'dofollow' back-links.

I do agree that No follow links play an important part to drive massive traffic towards your site and helps to increase your alexa rank.

 Benefits of nofollow links are the following:

1. Human traffic: You can still get traffic from 'nofollow' links. You won't get traffic from search engines, but from the websites themselves. If you have good backlinks, this can be very beneficial even though the links are 'nofollow'.
2. Search engines still follow: Although links are deemed 'nofollow', search engines will still follow the link and index your page in some cases. Most won't let the backlink impact your search engine rankings or PageRank, though.
3. Having only 'dofollow' is suspicious: As Google's (and other search engine's) algorithms become better, they might find it suspicious that a website has only 'dofollow' backlinks. If your website generates natural backlinks you should be fine, but if not, you don't want to create only 'dofollow' backlinks.
4. It doesn't hurt: 'Nofollow' links can't hurt your website. Search engines won't let them impact your rank (for better or worse).
5. They still count (in some ways): Some search engines still use 'nofollow' links to determine ranking (most of the large ones don't, but still). Also, nofollow links might still have a part in the search algorithms. We don't know the exact details of the algorithms, so we don't really know.

The benefit of a nofollow links placed on a message board or site is that you will not have your hands and fingers full of content. These normally include the circumstances, legal products and more.

I think No follow links are very useful for make back links. No-follow links will give benefits if you post them in high authority sites and sometimes they are more beneficial then low authority do-follow links.