FAQ

Frequently Asked Questions

Is Nexus a security?

Nexus is not a security. ​

Did Nexus have an Initial Coin Offering (ICO)?

No, Nexus did not have an ICO. It was mined into existence similar to Bitcoin. ​

How is Nexus funded?

Nexus is funded by an on-chain treasury, where a small percentage of the mining rewards are collected in an embassy key. ​

Does Nexus take direct funding like venture capitalists?

No, Nexus does not take any direct funding from any entity. ​

Who manages the Nexus blockchain?

Nexus is a community driven project, and currently is managed by an Ambassador DAO. The development is managed by the Developer DAO. ​

Is Nexus a coin or token?

Nexus is a protocol or base chain and NXS is the crypto coin. Nexus can have tokens issued on chain. ​

Is Nexus ETH-compatible?

No, Nexus has a completely different architecture compared to Ethereum and will never be compatible. ​

Is Nexus Interoperable with ETH or other chains?

No, Nexus is not interoperable with ETH or any other chain at this time. ​

Why is Nexus marketcap so low?

Nexus is just starting and as usage increases the utility will increase. The team does not control or manipulate the price. ​

Can anyone be part of the DAO?

If you share the ethos and vision of a decentralized world, would like to contribute to Nexus and have the required skills then we would like to be part of the team. There will be a voluntary period based for joining the DAO.