- Promising blockhain initiative
- Limited amount of trading platforms
- Under $10k trading volume
Nexus (NXS) in a nutshell
Nexus is a blockchain technology cryptocurrency that aims to rebuild the internet in a next-generation way. The project is community-driven with responsible values and a vision of creating a free and safe internet for everyone. The platform is designed with the goal of simplifying lives, empowering communities, and streamlining businesses.
Tokenomics for Nexus (NXS)
- Community fund: 10%
- Psi-UST LP Incentives: 10%
- nAsset-Psi LP Incentives: 25%
- nAsset rewards Reserve: 5%
- ANC Gov. Staking Airdrops: 11%
- Other Airdrops: 1%
- Team & Advisors: 20%
- Operation: 3%
- Investment: 15%
As of August 03 2022, the current inflation rate for NXS is 3.75%.
After September 2024, both Proof-of-Work channels combined will increase the supply by a maximum of 1 NXS per minute, resulting in the creation of 525,000 NXS per year or a maximum of 0.67% inflation per annum. The growth in the supply of NXS from the Proof-of-Stake channel will be capped at a maximum of 3.00% per annum. This makes the post-2024 inflation a maximum of 3.67% which can only be realized if the entire NXS supply were staked at the maximum Stake rate. Currently, it takes one year of consistent staking to build up enough Trust to earn a 3.00% rate of return.
Review of Nexus (NXS) token
Nexus is under review and we are thoroughly looking into the token to find everything there is to know about it. Coming Soon. Meanwhile, you can check out our other altcoin reviews.
Can NXS hit $1?
With the current 3,7 million USD market cap and value of $0.05 the token would require to reach a total of 74 million USD, which is a possible estimation if the token gets wind under its wings.
Is Nexus (NXS) a scam?
The team behind the token is doxed is always a good thing. A low amount of exchanges refers to not being so successful so far. If the project starts to get hype there is potential, but if the developers give up the project is a huge risk. Remember to DYOR!
Where can I buy NXS?
You can buy NXS at Bittrex and CoinDCX with Bitcoin