Social (SCL) ICO

updated 01 January 2018

Decentralized cross platform social network

3.2
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    Site
  • 3.2
    Team
  • 3.2
    Idea
  • 3.2
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  • 3.2
    Media
  • 0.0
    Users

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Status: ended
Public sale: 17 Aug`17-15 Sep`17
Cap: No info
Goal: No info
Find out more

Social

About Social

Established Product

Nexus is a social network built on modern technologies that also integrates popular features of e-commerce and crowdfunding. The network primarily concentrates on privacy, control of settings, security and listening to the voice of the community.

The Nexus platform hopes to integrate a full social interface that will be accommodated by a functional marketplace and ad platform that utilizes it's native coin, Social.

Nexus is an already existing and established product on the iOS App Store, Google Play Store and the web.

Nexus Debit Card

Connect your Nexus account wallet to your Nexus debit card to spend your Social coins as fiat currency anywhere in the world. Fees will be minimal and as the card uses Visa infrastructure you can use it almost anywhere in the world.

We will use a technique called JITF (Just in Time Funding). Here's a breakdown on how an entire transaction will work using the Nexus debit card:

  1. User is issued either a physical or virtual Nexus debit card that is linked to their account wallet
  2. Card contains $0 at all times
  3. User swipes card to pay for a purchase
  4. Transaction is sent to our server
  5. Server checks which fiat currency is requested (USD, AUD, EUR)
  6. Nexus checks if user account wallet contains enough Social (SCL) to make the purchase
  7. SCL is then sold for requested fiat
  8. Fiat is moved to the debit card
  9. Transaction is approved
  10. Card balance is back to $0

Complete Transparency

No misuse of the communities data or violation of users privacy. All plans of development and future enhancements will first go through the community. Nexus also plans to open source all projects by 2018.

Think of Nexus as the first community driven social network where the users own their data, not the organization.

Imagine a full decentralized social network where all data and multimedia is stored on the blockchain instead of centralized servers.

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