Watch Nexus.Social Ico What you need to know! video on DTube
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Nexus has been founded in 2014 by Jade Mulholland, it counts 7 people leading this project right now.
The Nexus platform hopes to integrate a full social interface that will be accommodated by a functional marketplace and ad platform that utilizes it's native coin, Social.
The nexus team will also distribute a Nexus Visa Debit Card, fees will be minimal and as the card uses Visa infrastructure you can use it almost anywhere in the world.
The Card connect you to your own Nexus Wallet, to spend your SCL or Social coin as FIAT currency.
The system will use a technique called JITF (Just in Time Funding), here is how it will work:
1-User is issued either a physical or virtual Nexus debit card that is linked to their account wallet
2-Card contains $0 at all times
3-User swipes card to pay for a purchase
4-Transaction is sent to our server
5-Server checks which fiat currency is requested (USD, AUD, EUR)
6-Nexus checks if user account wallet contains enough Social (SCL) to make the purchase
7-SCL is then sold for requested fiat
8-Fiat is moved to the debit card
9-Transaction is approved
10-Card balance is back to $0
Thanks to his MULTI WALLET, your Nexus account wallet will be able to hold and store any Ethereum ERC20 standard token.
ShapeShift.io integration will allow you to convert between tokens seamlessly straight from your Nexus account.
Convert Socials between ShapeShift supported ERC20 standard tokens or buy Socials directly with other ERC20 tokens.
They plan to launch Nexus account Wallet in early 2018.
The system integrates TOR and VPN for it's accounts sicurity, and it's completely transparent.
No misuse of the communities data or violation of users privacy.
All plans of development and future enhancements will first go through the community.
All plans will be open source by 2018.
"Think of Nexus as the first community driven social network where the users own their data, not the organization.
Imagine a full decentralized social network where all data and multimedia is stored on the blockchain instead of centralized servers."
This is what they declare.
Distribution Of the Capital Raise by crowdfunding:
65% will be used for development and expanding the team behind Nexus
10% will go towards legals to make sure Nexus is compliant in all countries
10% will go towards marketing Nexus (Advertisements)
5% will go into technological improvements like upgading servers, purchasing license and other
while the last 10% will be distributed to nprivate security specialist firms to make sure Nexus is free of any bugs and exploits.
The PRO in my view is the Coin Distribution:
95% of all coins are available for purchase during the ICO.
5% of the total supply of coins will be given to promote the product via multiple forms of digital marketing and development.
So none of the Tokens are going to the developing team, that states:
"We will be implementing a "buy-back" program. This will highly reduce the probability of a day one exchange dump that happens to most new tokens that hit the market."
So the great thing is that instead of being selfish and allocating X amount of SCL to the team during the ICO period, they will be launching a buy-back program on the exchange.
This way, SCL will be purchased with BTC instead of being allocated free of charge to their team members..
A total of 5% of all SCL in circulation will be purchased back during the first 24 hours to help SCL enter a bullish trend.
This really looks like a beautiful investment opportunity, to my investor eyes!
"Nexus also plans to integrate a fully functional and semi automatic ad platform.
The ad platform will allow users to create ads that are displayed within the news feed.
All ad spaces will cost an amount in Socials that is yet to be determined.
Charges will be per impression and per click and will automatically deduct the amount in Social from the accounts web wallet."
So to recap it's features:
1-Instant messaging
Send instant messages to friends and family
2-Marketplace
Buy or sell in the Nexus marketplace with your Social coins
3-Mobile apps
Nexus already has apps approved on the Android and iOS app stores
4-Tor & VPN
Plans to integrate both Tor API and a built-in VPN to the mobile and web platforms
5-Multi-Wallet
Not just a wallet for your Socials. Store and hold multiple Ethereum ERC20 standard tokens
6-Debit Card
Spend your Socials instantly as fiat with the Nexus debit card, built on Visa infastructure
7-Privacy
Privacy is our greatest concern, so we stop search engines from indexing anything past the login page
8-Security
Constantly performing security updates and audits to make sure all data is safe and sound
9-BlockchainDecentralization
We plan on moving all data and multimedia to decentralized storage
10-Groups
Create private groups that only you and invited users can view
11-Events
Create events to organise special occasions
12-Image Editor
Advanced web and mobile image editor that allows you to crop, flip rotate and add filters
13-Feed Filtering
Simple news feed filtering to view the type of posts you want to see
14-Push Notifications
Get notifications directly to your phone
15-GIFs
Search from a collection of thousands of GIFs to share with friends and follows, or upload your own
16-Crowdfunding Posts
Create a post to crowdfund anything you can think of
17-Emojis
Tons of great emojis to choose from, with many more on the way
18-Speed
The entire application is a single page app, therefore being lightning fast
19-Tagging
Tag friends in posts and comments so they receive an instant notification about it
20-Regulated
Our support team are constantly removing inappropriate and reported posts that have no place on Nexus
21-Ad Platform
We’re currently planning and developing an integrated ad platform to the network
22-Hashtags
Tag your posts so they can be searched and discovered by other users
23-Friends & Followers
Unique adding system where you only become “friends” when the follow connection is both ways
24-Design
Pixel perfect, user friendly and inviting design that took us years to perfect
25-Poll posts
Submit a question and answer post to get your friends and followers involved
26-Blocking
Block particular users from accessing your profile
27-More to come in Future
Tons of new features planned for the near future
26 DAYS LEFT TO THE ICO CLOSURE
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