Nexxus Rewards (Nexxus) can be characterized as a social blockchain project that strives to offer local communities a blockchain-based marketing solution powered by the ERC-20 compliant NXR token. The distribution of tokens by means of ICO will commence in a few days.
Nexxus Rewards works on a blockchain system that should heed the needs of three types of participants, namely local communities and charities that are run by them; online as well as brick-and-mortar stores and merchants that operate in the given area; finally, customers or shop-goers who live in the chosen community who either donate to charities or buy from the merchants.
The local charities will be granted a chance to participate in the so-called perpetual fundraiser by virtue of the Nexxus platform. All charities are free to register with Nexxus Rewards and promote it to their members who, in their turn, can partake in this endeavor by becoming the Nexxus Shoppers, which provides for additional perks, such as the option to obtain cashback in NXR. The charities are to profit from receiving 20% from marketing fees, imposed by Nexxus - they don’t need to buy or sell anything, only promote the platform.
Shoppers can participate in the Share Reward Program and receive cashback and rewards, allocated in NXR tokens, which can be subsequently exchanged for cash with the help of Nexxus merchants will enjoy the innovative customer acquisition solution within which they won’t be forced to purchase any contracts or PoS terminals. Moreover, Nexxus will ask for its share only after the merchant makes a sale, and the amount of the commission is to be determined solely by the entrepreneur. They can also enroll in the viral marketing program to establish a supplementary stream of income in NXR tokens.
The sale of the NXR utility tokens will commence on November 23 and last for three weeks, until December 15. During this time, the team hopes to raise at least $2 million (softcap) while the hardcap is established at $10 million. Given that the token sale will last for a relatively short period of time, it would take an enormous effort from Nexxus to reach such a tough goal.
The ICO price of one NXR token is only $0.2, with no mention of a minimum investment barrier being made on the website or in the whitepaper. The interested investors can purchase tokens with ETH, BTC, USDT, and PROB,
A bounty program has been made available for those who want to get extra NXR, but, unfortunately, social influencers won’t be able to get free tokens via airdrop. All participants in ICO must pass the KYC procedure. The list of restricted areas includes only the United States.
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|Start||November 23, 2019|
|End||September 11, 2020|
|Soft cap||$2 000 000|
|Hard cap||$10 000 000|
|Minimum investment||1 NXR|
|Tokens for sale||50000000|
|Accepting||BTC, ETH, USDT, PROB|
Nexxus Rewards is a great project, no doubt about that! Although their primary focus in on marketing and less on the development and incorporation of the blockchain technology, they are doing an excellent job at creating a viable use case for it. But the team should have written a more detailed whitepaper because the present version is a bit terse.
RichardDd October 18, 2020 Reply
There is no denying the fact that Nexxus is pursuing a lofty objective, but, to tell you the truth, it's the startup that could have done well even without the incorporation of blockchain and NXR token. Donating to charities and getting cashback is far from being considered as something that functions inefficiently, thus requires an innovative solution. It is understandable that Nexxus uses the concept of tokens mainly as an attention grabber, but it's still a good project at its core.
Casual Millionaire July 8, 2020 Reply
What projects like Nexxus fail to comprehend is that they do not offer anything that could be called innovative, groundbreaking or merely interesting. Instead, Nexxus is making the process of acquirement of cashback more complicated by adding an extra, and unnecessary, stage of exchanging the tokens to some other cryptocurrency, and then to fiat. Why would people bother themselves with that if they already can receive cashback in USD or their native currencies through various programs? I don't see any reason why they should.
Bio Miner April 7, 2020 Reply