Skip to main content

Nexus social ico decentralized social network ICO review




We are starting reviews of ICO projects that are going on now or will
take place in the nearest future. Today we will review the Nexus
project. It is a secure and private decentralized social network.

Looks
like this guy - Jade, meet him, you can see his video. He worked on his
social network for 2.5 years. He got web app, iOS and Android app. He
or his team did very nice job. They have an MVP (minimum viable product)
which is very nice for an ICO to have.

There is a bunch of stuff that they want to integrate.

Instant messaging, market place... Looks like facebook icons to me.

Well...
Let's take a look at their roadmap. They had launched nexus in the mid
2016. Lets take a look at their iOS app. Here are some screenshots.
Looks nice. They have simple instant messaging already. Reviews... only
one. That is not a lot. Updated on November 19, 2016.

Let's take a
look at the mobile app for the Android. Looks like the one that was for
iOS. All the reviews are in August this year. They were done right
before the ICO. Not so many reviews for a project that is already a year
long.

Let's move on and take a look at their whitepaper.

The most
important part for me is coin distribution. No coins are offered for
bounties as all bounty payouts are in Bitcoin. Not bad. Looks like those
guys already got some money. They raised some money during presale.
Good for them.

Let's review how the funds will be allocated.

65% towards development, 10% each - security audit, legals and advertising and 5% for hardware upgrades.

First
of all I had noticed that do not have anything about the team so I
assume that the team is part of the development share. They have only
10% for marketing which makes me think that they are very confident
about their project and that they think it does not need a lot of
advertisement. Probably they think that ICO investors will be users who
will get involved into social networking activities. I do not see
anything about the Escrow so they do not have one. It means that Jade
can use the money the way he wants. By the way the company is registered
in Australia. Hello, Australia!

Let's review their social
networks. They got pretty much everything reddit, youtube. Let's review
their youtube. They got 4 videos. The earliest one two weeks ago right
before the ICO.

Not so many followers on twitter for a social
network. They only started twitter on July 26. The reposts, no comments.
44 reposts having 312 followers. Looks like they got pretty active
audience.

Lets see what they got on the reddit. Well, only basic answering of the questions. That is how it looks to me.

Alright.

Let's take a look at their roadmap one more time. So they are planning to
raise money. Then they are planning to release by the end of the year
new version of front end. How many developers do they have now? Two.
Jade and Mo. Well... pretty ambitious for two developers. Of course I
hope they will use 65% towards development and that will help a lot to
get the team. But the problem is mid of August you need to build the
team very quickly to make a release by the end of the year. That is
achievable. But according to everything that they have... they are
planning to update the backend, integrate social coins... We wish good
luck to the team. I hope it is not another scam. ICO will be for the
next 30 days. I will leave the link down below.

Well. I am trying to be as critical as possible and I hope you guys will do your own
conclusions before you will start doing any actions review their website
one more time, look at the team, look at their social network.

Under this video you can leave comments if you had invested in this company
or did not invest. And why? It will be very interesting to know why you
did not invest. And I hope that this project will succeed. As for me
there are a lot of decentralized social network right now that are
trying to do their best at that market. We will see. Only time will show
who will be successful.


https://ico.nexus.social/
Labels:

Comments

Post a Comment

Popular posts from this blog

ICO review: Belrium - First KYC compliant blockchain

Hello everyone. Today is September 8th and we are reviewing another ICO which is called Belrium. This ICO comes from a company called belfrics. They already have a trading platform that they had built. They are introducing right now KYC complient blockchain. To make a long story short they are trying to make a blockchain where users will be verified which means that they will do KYC before the transactions will be processed which is nice for companies who want to be open and receive payments from known people. What makes me think that this ICO will succeed is that they already have a working product and also introducing another application for retailers, shoppers and advertisers. They believe that this application will bring more users to their blockchain. We will see. Let's move on. Token distribution: the team is planning to distribute tokens into 4 pools. Pool A (60%) : Pool A will represent the contribution made during the token sale period. Pool B (20%) : Belfrics re...
Post a Comment
Read more

ICO review: Godzillion - The New Disruptive Decentralized Marketplace

Today is August 25th and we are reviewing ICOs again. I want to attract your attention to the fact that there is about 6 or 7 ICOs starting today. I had reviewed all of them. The first thing that was on my mind is it a joke or not? Some of them obviously are a joke. Instead of making a very critical video about all of them I decided to pick on that might worth reviewing on TokenSell channel. This project is called Godzillion. It is done by chilean company. They are from South America. This is first project that we review from Chile. It is ethereum based token that will unable to vote, issue and distribute the tokens within ethereum virtual machine. You can review video with this guy. He seems to be very confident about what he is saying. I do not want to go too deep through their whitepaper. You can do it by yourself. I just want to mentioned that guys had placed a lot of information on their website. I can not agree with the way they designed it: colors, backgrounds. It is mor...
Post a Comment
Read more

ICO review: experty.io - Get paid calls in cryptocurrency. Democratizing the consultations market

Hello everyone. Today is September 28th and we are reviewing another ICO.This time we are gonna review experty.io. This project is only in the preparation stage of the ICO. It is not like other projects that we reviewed before that were on the ICO start date. That is why some of the things that the team is still working on like their whitepaper. The team is working hard on the technical aspects of their project. You can see what the guys do in the video here. How their project works. They have an alpha version of the app. You can see they are building their app and they show us the process of money transferring within the system. The main idea of the project is that you will be able to monetize the time you spend over the phone consulting people or projects by billing them on a minute basics. They have a bunch of use case describing the wide audience they are reaching. This project is interesting for us too cause we are providing consulting for ICO projects too. What the ...
Post a Comment
Read more