October 5-th held an Ask Me Anything session at ICO Speaks telegram chat. From the NexusCrypto side there was: Jean Patricks |CEO | @jeanpatricks
Let’s get started!
Q: What are your teams backgrounds and qualifications? How will you see this project through to long term success?
A: We have some digital product creation veterans and very talented people on the team. Jp, CEO is 38 and has been building for the web (and now mobile) for over 20 years. We also have 2 other technical co-founders with backgrounds in economics and computer science. Our other founder is a community builder, writer and marketer. The other members of the team are also at the top of their fields in video editing and graphic design, as you can see from the production quality of the brand and intro video for nexuscrypto
For us, Nexus is a passion project. The founding members have all committed to this project for at least 5 years. Crypto is a dream job and we all love doing this stuff; passion (plus a little luck) is what it takes to be successful.
With the communities help we can impact the crypto space in a very positive way and that’s our mission. We already have an organically growing community that believes in the vision, which is what will ultimately define our success or failure. This is a community drive project and we need a core group of “Spartan 300 holders, believers, advocates and builders”.
Q: What are your community goals? How can the people engage with Nexus?
A: Come hang out in our Telegram and Discord, we want to build an international community of like minded crypto people. We will always be doing contests and giveaways and helping people learn and make money.
The other way we really want the community involved is with feedback. Tell us what your pain points are when trading NFTs, and we will build tools to solve it. Got a great idea for making an automated trade? Let us know, if we can do it we’ll add it to the roadmap and however the community votes we will prioritize the release that way.
We think the future of organizations will be run with a DAO mentality and more power should be given to the users of the tools so we don’t want to assume to much. We are at your service.
Q: What is the utility of $NEXUS token? Why should I buy, why should I HODL?
A: So the token will have multiple utilities through out the eco system. Very low supply true utility token, the 5% tax will eventually taper off as the price stabilizes over the next 1-2 years (we think).
Right now, we’re baking rewards and staking into a separate contract, here are the details:
We have a very low supply of 10,000,000 tokens. It’s a true utility token with a starting price of $0.05, Certik audit at launch and we are fast tracking CMC/CG. The starting marketing cap will be $500,000 which is very modest. There is a 2% tax on sells only, anti-whale for the first few hours of launch, and anti-bot to prevent price manipulation and front running.
Long term, the ecosystem we’re building will all rely on the token and have multiple reward layers based on amount of stake, amount of holding, and community engagement (yes, you can earn by being big in the community, not only whales will benefit as we’re community first always).
– Depending on your “level” profit from ads, sniper bot, limit orders, nft minter, education course purchases, premium subscriptions… all ecosystem tools will add to a revenue pool that will be split amongst holders
– Staking will give you a multiplier on the revenue rewards and early access to new features, as well as larger discounts
– Holders will get discounts and rewards based on % of holdings
– We have special things planned for buy backs once we hit revenue goals
All these details will be ironed out and voted on by the community and our advisors.
Q: What are the goals of your project and how are you solving them?
A: We aim to solve 3 problems right now:
1. asset management and tracking across multiple wallets and blockchains
How? Nexus Folio is a cross-chain multi-wallet portfolio tracker that will soon list your NFTs as well. There are only a few competitors doing what we’ll be doing, but ours will focus on user experience, community and eduction all baked into one platform and ecosystem.
2. NFT governance
Why? NFTs are liable to go missing if they are self hosted. The infrastructure around the movement is just being built and we have some great ideas that will help artists ensure their work is never lost, and consumers/traders to have some sort of mitigation against disappearing NFTs.
3. Complexity in Crypto
How? You can self study with YouTube videos and read articles if you’re hungry enough to piece together an education plan but it’s a haphazard approach to education. We will have university like courses with a certificate and testing that we could leverage in different ways in the future. We are your partner in Defi because there’s a roadmap to go from “beginner” to “advanced” that everyone on our team has travelled and we’ll use our digital content creation skills to communicate this in an easy to digest way and lesson plan.
We’re also making a huge content push with supporting articles and videos over the next year.
Q: What strengths does Nexus have to compete with competitors?
A: We’re a team of digital product creation experts. We’ve been building stuff for the internet for over 20 years and have a passion for marketing, user experience, design, and software engineering. We only hire very talented people and are building a great community of like minded crypto people.
Those are the 2 strongest assets we have – our talented core team and advisors, and our community. When you invest in a coin, it’s not really the idea that is valuable; everyone has good ideas usually; the execution and team are what’s important.
That’s why we’ve developed 2 revenue streams in the ecosystem before launch and have a working D’App. We’re not speculating on a future concept, you can see real technical milestones are already accomplished.
I think we bring fortune 500 and business experience from previous tech startups to the crypto space. We’re not just another token but a technology and content company that is using blockchain for nexuscrypto
Q: What are your significant achievements till now and what are your other plans for this year?
A: we have two working D’Apps already. The NFT minter which we will sell to artist with other NFT services we are developing. NFTs are blowing up and we are creating tools for consumers and creators that will make it safer to collect NFTs, and easier to create them.
Our first NFT artist client you can check out at (https://peckerpunks.app). We built the minter for them, image generation API and meta data API.
Our other D’App is the foundation for the trading platform, Nexuscrypto Folio (https://app.nexuscrypto.com) – a cross chain multi wallet token and NFT tracker. All of our consumer-focused NFT services will integrate there.
Some of the other tools we’re building at the moment are sniper bot, limit orders and stop loss.
We are also diving into crypto education and will be releasing our eduction platform before the year ends.
Q: Do you have any Coin Burn / BuyBack systems or any $Token Burn plans to increase the value of Token & attract Investors to invest?
A: We are working on something like that, not technically a buyback and burn but a mechanism that will moderate our LP so that it’s not too stiff (price won’t move) and not too soft (price moves too much).
Our supply is very low (10,000,000), this is a true utility token and we reserve burning for special cases where we need to respond to a market event if it’s for the best of the project and our holders.
We will be doing buy back programs, but instead of burning I think we would have them added to the staking pool and/or claimable rewards. Our economist/dev and COO, Guilherme, is working through modeling how this would affect our project at different growth stages (launch, 10m mcap, 50m mcap, 100m+ mcap)
Q: Currently, projects are continuously attacked by hackers. That is the nightmare of many projects. So, what is your strategy to anticipate hacking possibilities on your platform? What plan do you have in order not to let ” NexusCrypto ” get hacked and cost investors?
A: Security is a huge concern and we take it very seriously about nexuscrypto
Web 3 infrastructure:
We have a Google Cloud expert that has set us up using all of Google’s Cloud services and infrastructure. This will ensure our D’Apps and APIs are secure and can scale to meet demand.
Smart Contract audits:
All our contracts are audited by reputable 3rd-party auditers and we go through rigorous testing on each testnet.
Our first contract was audited by CERTIK, a top name in the field.
Q: What are the different aspects of your platform from other projects? do you have any work to attract non-crypto people? What is your favorite feature of your project?
A: Yes one of our main goals to help educate people interested in Crypto but that aren’t knowledgable yet!
Q: What would be the best options to earn passive income from your platform?
A: Staking will be the best way to get revenue sharing from the entire platform!
Q: Since NFT is popular nowadays, is there a plan for NFT integration?
A: Yep! We plan to give you an entire overview of your whole crypto portfolio, including the market value of your NFTs. That means cross-chain and multi-wallet.
Q: Do you have An Ambassador Program available? If yes, how can I join it? And can you tell us what the benefit Available for the Ambassador?
A: We have a plan for educators that we’re working on, and something called Nexus Network. Join our TG and DM me I will try to set something up!
ICOSpeaks hosted an AMA Session with the NexusCrypto Team. That’s all for today.
Thanks to all users who participated.
Thanks, NexusCrypto for being with us
Thanks, all and see you soon😉
Wanna know more?
Take a look at our other ama sessions