Nexus wiki: Created page with "== 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 tak..."

2024-10-04T05:17:38Z

Created page with "== 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 tak..."

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== 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.

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