The advent of cryptocurrencies has taken the world by storm. Bitcoin is the first player in this newly formed industry and in numerous ways, it has set the precedent for others to follow. Other cryptocurrencies out there have built their own models based on Bitcoin’s blockchain technology to create a truly decentralised currency run by peer-to-peer decentralised networks.
However, Nexus, by its very design, means to take this to the next level, and we mean this quite literally. Its aim is to become an alternative to the limited financial choices that we face in today’s world. In addition to this, Nexus means to provide worldwide access to a monetary store of value/digital currency that is truly decentralised in every sense of the word and not controlled or compromised by any authority. In short, this decentralised monetary store of value should have no regulations and Nexus wants for everyone to have access to this, regardless of location or economic status.
What is Nexus?
To successfully achieve this, the monetary unit must have the ability to handle a countless number of transactions with utmost ease. So far, Ripple XRP is the only one that makes the list but it is meant for an entirely different purpose. Therefore, we are back to square one where we have decentralised currencies, but they are not as convenient as the regular money we use. Essentially, Nexus looks to overcome these drawbacks that Bitcoin and every other cryptocurrency faces. It seeks to fulfil the promise that Bitcoin made in its early days. However, solving this puzzle is a long, arduous process and so far, Nexus has only laid the groundwork. Although, if implemented, it has the potential to make an everlasting impact on the way we perceive financial transactions.
That’s why, before we proceed further, it is important to realise that Nexus is one of those cryptocurrencies that will reward long-term, patient investors. It may be subjected to volatilities like every other altcoin out there, but you will see its true beauty only after the project is operational. Nexus is still in its development stage and even though its coins are available and its blockchain is up and running, the real world applications that Nexus aims at achieving are yet to be realised. Before you get your hopes up, it is important to understand that it is not going to happen anytime soon.
That being said, let us understand what exactly is Nexus’ grand plan and how it aims to achieve it.
Do you remember the bit where we mentioned that Nexus plans to address the two issues surrounding cryptocurrencies - absolute decentralisation and no regulation? Well, Nexus’ plan can be broken down into these two halves.
Decentralisation in Nexus
To achieve absolute decentralisation for its digital currency, Nexus has taken the traditional Bitcoin blockchain and transformed it into a three-dimensional chain. This three-dimensional chain, also known as 3DC, employs three different mining methods. As a result, decentralisation is increased since more contributors are working on the mining process. Furthermore, considering that the amount of data to be processed is reduced for each contributor, this also reduces the need for expensive mining machines that consume a lot of energy.
In many ways, this is a big leap forward for cryptocurrencies. Satoshi Nakamoto intended for Bitcoin to be completely decentralised, but owing to the large computational power needed to mine it, only a few have the resources to mine Bitcoin. Therefore, this makes it centralised and defeats the entire purpose. Nexus addresses this issue through its revolutionary 3D Blockchain.
We will try to explain how it works without getting really technical. In the Bitcoin blockchain, miners are competing against each other to process the incoming transactions and structure the same into a block so that it can be added to the blockchain. The first party to do so is rewarded with Bitcoin and the process repeats again.
In the case of Nexus’ 3D Chain, incoming transactions are worked on a first-come-first-serve basis. Once these transactions are received, they are assigned ‘Weight’ and ‘Trust’ based on the number of acknowledgements received for them and the level of trust of those confirming these transactions. Once these transactions are verified, they are locked in to be validated. Essentially, these locked in transactions are waiting for the rest of the block data to arrive and be added to the chain. This locking in frees the resources on the Nexus network, thus enabling them to work on the next wave of transactions.
In a way, the three dimensions of the blockchain serve three different purposes - verifying and creating signatures of the transactions, consolidating transactions into a single trust lock hash and lastly, completing the block. This is definitely an improvement over Bitcoin, wherein the entire process has to be completed before proceeding with the next set of transactions. This is the reason why transaction time in Nexus is significantly lesser than that of Bitcoin - many transactions are processed at the same time and they don’t have to wait for the addition of new block to the chain.
As a result, several systems on the network are working together on these transactions, instead of competing against each other. You can perceive the Nexus 3DC as a huge mining pool. This improves the speed with which transactions are processed and enhances decentralisation greatly. Nexus 3DC utilises the three different channels (or locks) to verify and add transactions to the chain, and each channel uses a different consensus model. This, in turn, reduces the risk of miner centralisation which is the case with Bitcoin. Miners, in the case of Nexus, are rewarded based on their contribution to the block creation. This is the underlying principle of how Nexus 3D Blockchain works.
The Security of Nexus
The other issue that plagues these digital coins out there is security. This is one of the lesser known issues and contrary to popular belief, Bitcoin and its peers are susceptible to hacking. This has been explained in great detail by the founder of Ethereum, Vitalik Buterin, who wrote an article explaining the effect of quantum computers on the security of Bitcoin.
Basically, the article states that the technology utilised in quantum computers is incredibly fast and powerful, to the extent that it can intercept transactions and potentially alter them, even before the latest block is added to the Bitcoin blockchain. Even though we are yet to witness Bitcoin’s security be broken, the emergence of quantum computers makes it only a matter of time before it happens.
Nexus not only realised this potential flaw, but it also managed to overcome it during the development of its digital currency. Without getting too technical, all you have to know is that it uses the latest cryptographic technology (more advanced than that of Bitcoin) which is truly ‘designed to negate the threat posed by the quantum technology of the future.’ For instance, Bitcoin’s output is 256 bit, whereas the same for Nexus is 1024 bit, making it four times as secure. Similarly, Bitcoin private keys are 256 bit while Nexus private keys are 571 bit - the same technology that is utilised by the NSA. To put it in layman’s terms, it is super, super secure.
No Regulation in Nexus
So far, we have taken a look at how Nexus has addressed the decentralisation issue faced by Bitcoin and other cryptocurrencies out there. Now, do you remember the bit where we mentioned that Nexus also plans on becoming a monetary unit with no regulation whatsoever? Well, the second part deals with this and quite frankly, this is the most exciting bit.
Let us go back to the example of Bitcoin. Even though it claims that it is decentralised, and to a certain extent, it is true. However, it still exists on the internet. Countries and government technology industries can easily block access to its cryptocurrency exchanges and completely ban trading through their firewalls. In fact, many countries are already contemplating this.
But what if the cryptocurrency exists on a network other than the internet? The idea seems a bit too far-fetched but that is what Nexus is planning to do - to make its own internet. You can understand this better through the example of casino boats. Since laws prohibiting gambling don’t apply away from the shores, casino operators take their patrons out into the ocean or river channel before anyone is allowed to start gambling. Nexus’ idea is quite similar to this, except it plans to build its network in the space.
Nexus, in partnership with Vector Space Systems, aims to establish a Low Earth Orbit (LEO) satellite network that will provide worldwide access to its digital currency. Nexus is slowly setting up the foundation to broadcast its blockchain and Nexus Network from space, with the help of LEO satellites. These satellites will relay data to the supporting ground network which will be set up by Nexus. This coherence between Nexus satellites and ground stations will create a complete mesh network which will run parallel to the internet. The best part is, it will be resistance to external control.
So, to sum it up, Nexus’ technology is far more advanced and secured than that of Bitcoin and its peers, and it serves the purpose of being absolutely decentralised. To achieve the goal of no regulation, it plans on creating its own network with worldwide access, with the help of ground stations and Low Orbit Satellites. On paper, this sounds like a wonderful idea but only time will tell how far it can go. However, by the looks of it, it is the only cryptocurrency out there that has the potential to be truly decentralised with no regulation whatsoever.
Where to buy Nexus (NXS) cryptocurrency?
In order to buy NXS tokens, you will first need to purchase Bitcoin or Ethereum, and exchange the same for Nexus at any of these cryptocurrency exchanges - Cryptopia, Bittrex, Changelly, Binance, et cetera.
The company behind Nexus has developed its own desktop NXS wallet for Windows, Mac, and Linux operating platforms. More information about these can be found on the official website of Nexus.
Alternately, you can also look at hardware wallets like Nano Ledger S, given that they are far more secure and not vulnerable to hacking attacks.
As stated earlier, it is possible for anyone with a computer to mine NXS tokens. Unlike Bitcoin, mining Nexus does not require a great deal of computational power.
Any system with a CPU can mine Nexus tokens using the Prime Channel. The reward in this case depends on the contribution you make towards the creation of the block. If you have a graphics card, then you can venture into advanced mining methods on the Hashing Channel.
You can find more information on Nexus mining on the official website.
Nexus Price Trends
The price of Nexus cryptocurrency did not vary significantly up until the end of May 2017, post which the price started increasing. It is worth noticing that this happened around the same time other cryptocurrencies like Bitcoin and Ripple XRP started becoming popular. In a way, the massive boom in Bitcoin’s price emboldened investors to start looking at other digital currencies out there in the market.
The table below mentions the variation in the price of Nexus cryptocurrency. The value of Nexus peaked in early January 2018, at around $14. After this, just like every other cryptocurrency, it’s value plummeted and at the time of writing this article, 1 Nexus token is worth $1.40.
|Nov 12, 2018||0.644569||0.647433||0.603607||0.620985||327,050||37,077,702|
|Nov 11, 2018||0.649494||0.649529||0.629775||0.640858||141,659||38,264,277|
|Nov 10, 2018||0.639257||0.660923||0.634209||0.650004||94,866||38,810,365|
|Nov 09, 2018||0.651623||0.659868||0.621739||0.638942||252,912||38,149,876|
|Nov 08, 2018||0.669985||0.670853||0.649264||0.651323||301,725||38,889,120|
|Nov 07, 2018||0.669013||0.685743||0.656053||0.670156||329,632||40,013,598|
|Nov 06, 2018||0.658552||0.671754||0.646364||0.668785||268,979||39,656,127|
|Nov 05, 2018||0.657294||0.686503||0.645118||0.654088||350,963||39,054,212|
|Nov 04, 2018||0.681454||0.682262||0.657074||0.659536||223,031||39,379,500|
|Nov 03, 2018||0.692196||0.694151||0.676490||0.681454||149,965||40,688,178|
|Nov 02, 2018||0.689783||0.707274||0.683051||0.692104||304,052||41,324,067|
|Nov 01, 2018||0.676965||0.713228||0.676283||0.690270||342,112||41,198,441|
|Oct 31, 2018||0.686550||0.696112||0.672006||0.676528||408,939||40,601,363|
|Oct 30, 2018||0.701484||0.701484||0.673358||0.684398||284,872||41,884,146|
|Oct 29, 2018||0.750388||0.755447||0.674414||0.700450||874,322||44,804,086|
|Oct 28, 2018||0.771878||0.813444||0.748595||0.752362||2,541,570||46,087,229|
|Oct 27, 2018||0.746325||0.778398||0.717296||0.745596||1,294,760||44,561,503|
|Oct 26, 2018||0.703480||0.886479||0.703480||0.754181||5,649,970||42,003,276|
|Oct 25, 2018||0.704042||0.728484||0.688224||0.705961||530,982||42,036,836|
|Oct 24, 2018||0.652149||0.848533||0.649655||0.701406||1,833,920||38,938,443|
|Oct 23, 2018||0.668111||0.673477||0.646433||0.657526||334,191||39,891,469|
|Oct 22, 2018||0.665669||0.673668||0.657611||0.670970||385,776||39,745,680|
|Oct 21, 2018||0.674360||0.689175||0.661667||0.666443||385,880||40,264,580|
|Oct 20, 2018||0.666493||0.681739||0.654689||0.675816||487,735||39,794,867|
|Oct 19, 2018||0.659886||0.691625||0.648403||0.667433||567,357||39,400,381|
|Oct 18, 2018||0.678384||0.686829||0.641057||0.660534||560,763||39,649,503|
|Oct 17, 2018||0.693123||0.696482||0.670503||0.675993||631,927||40,510,942|
|Oct 16, 2018||0.689314||0.730868||0.670719||0.689422||668,375||40,288,346|
|Oct 15, 2018||0.694440||0.746832||0.684369||0.690190||595,058||40,587,963|
|Oct 14, 2018||0.689004||0.743303||0.689004||0.691503||597,185||40,270,231|
|Oct 13, 2018||0.693702||0.714378||0.680094||0.687010||550,321||40,544,835|
|Oct 12, 2018||0.648104||0.744802||0.636366||0.695566||1,052,900||37,879,769|
|Oct 11, 2018||0.772137||0.774357||0.645605||0.657237||755,291||45,129,078|
|Oct 10, 2018||0.798047||0.800911||0.745676||0.773889||922,963||46,643,455|
|Oct 09, 2018||0.820987||0.827264||0.788440||0.801271||846,022||47,984,239|
|Oct 08, 2018||0.820927||0.841212||0.809755||0.822295||683,465||47,980,734|
|Oct 07, 2018||0.810900||0.856044||0.782406||0.816121||1,117,270||47,394,690|
|Oct 06, 2018||0.808067||0.848739||0.788319||0.806855||985,879||47,229,126|
|Oct 05, 2018||0.787926||0.846136||0.784304||0.809359||627,425||46,051,931|
|Oct 04, 2018||0.778786||0.797942||0.776152||0.786660||627,023||45,517,714|
|Oct 03, 2018||0.810495||0.810495||0.765469||0.779765||625,511||47,371,022|
|Oct 02, 2018||0.814143||0.828060||0.809464||0.810679||563,820||47,584,246|
|Oct 01, 2018||0.824902||0.844755||0.808340||0.817250||529,389||48,213,035|
|Sep 30, 2018||0.843009||0.843009||0.808896||0.823712||629,886||49,271,370|
|Sep 29, 2018||0.834278||0.849014||0.812209||0.844687||524,263||48,761,037|
|Sep 28, 2018||0.853400||0.877903||0.823618||0.834849||590,772||49,878,710|
|Sep 27, 2018||0.848182||0.864911||0.823229||0.853414||684,785||49,573,714|
|Sep 26, 2018||0.836338||0.869170||0.829991||0.848153||700,780||48,881,438|
|Sep 25, 2018||0.862252||0.862252||0.826339||0.836725||672,216||50,396,066|
|Sep 24, 2018||0.894389||0.899449||0.849311||0.858991||651,534||52,274,362|
|Sep 23, 2018||0.857341||0.902820||0.847043||0.890097||649,502||50,109,039|
|Sep 22, 2018||0.900890||0.908686||0.827014||0.850673||729,965||52,654,317|
|Sep 21, 2018||0.911984||0.944873||0.897026||0.900778||865,414||53,302,755|
|Sep 20, 2018||0.917535||0.928443||0.884675||0.911279||702,438||53,627,203|
|Sep 19, 2018||0.917507||0.944822||0.896685||0.919398||791,144||53,625,528|
|Sep 18, 2018||0.901348||0.948328||0.875033||0.914436||1,078,600||52,681,121|
|Sep 17, 2018||0.905777||1.10||0.859338||0.896845||1,528,400||52,939,940|
|Sep 16, 2018||0.867282||0.917387||0.850650||0.903094||553,201||50,690,057|
|Sep 15, 2018||0.856429||0.882389||0.850062||0.865574||474,128||50,055,742|
|Sep 14, 2018||0.883972||0.907565||0.850607||0.859946||687,676||51,665,521|
|Sep 13, 2018||0.837903||1.50||0.829193||0.882148||663,097||48,972,948|
|Sep 12, 2018||0.796544||0.875961||0.771701||0.837038||733,116||46,555,648|
|Sep 11, 2018||0.804484||0.813904||0.769307||0.789435||458,480||47,019,700|
|Sep 10, 2018||0.837641||0.863048||0.779305||0.803509||561,930||48,957,613|
|Sep 09, 2018||0.767123||0.892275||0.760614||0.838564||507,909||44,836,063|
|Sep 08, 2018||0.846483||0.886739||0.763278||0.772255||506,957||49,474,397|
|Sep 07, 2018||0.856660||0.870632||0.813576||0.838230||485,246||50,069,214|
|Sep 06, 2018||0.887161||0.887161||0.797586||0.862632||755,090||51,851,917|
|Sep 05, 2018||1.13||1.15||0.884848||0.884848||970,779||66,016,679|
|Sep 04, 2018||1.09||1.23||1.08||1.12||1,170,480||63,551,951|
|Sep 03, 2018||1.07||1.13||1.01||1.09||811,679||62,784,671|
|Sep 02, 2018||1.04||1.17||1.04||1.08||1,286,270||60,866,510|
|Sep 01, 2018||0.945799||1.06||0.936144||1.04||855,905||55,279,132|
|Aug 31, 2018||0.936277||0.947679||0.909267||0.946237||606,620||54,722,580|
|Aug 30, 2018||0.877521||0.970193||0.873878||0.937771||1,071,560||51,288,492|
|Aug 29, 2018||0.907990||0.909018||0.859483||0.877135||557,030||53,069,318|
|Aug 28, 2018||0.829360||0.918945||0.828858||0.901857||987,322||48,473,641|
|Aug 27, 2018||0.787933||0.833979||0.785087||0.830972||614,607||46,052,318|
|Aug 26, 2018||0.815096||0.815096||0.773812||0.788194||484,418||47,639,954|
|Aug 25, 2018||0.814434||0.837013||0.805708||0.812848||534,558||47,601,257|
|Aug 24, 2018||0.776518||0.829709||0.760277||0.812396||545,334||45,385,183|
|Aug 23, 2018||0.736592||0.830302||0.734536||0.776497||645,764||43,051,628|
|Aug 22, 2018||0.788869||0.834591||0.721294||0.733162||631,475||46,107,064|
|Aug 21, 2018||0.777523||0.884503||0.765751||0.788919||1,124,410||45,443,894|
|Aug 20, 2018||0.826215||0.842386||0.787327||0.788926||423,961||48,289,827|
|Aug 19, 2018||0.793768||0.878267||0.781848||0.828129||609,583||46,393,363|
|Aug 18, 2018||0.885828||0.887662||0.774711||0.794024||585,453||51,774,018|
|Aug 17, 2018||0.764281||0.893646||0.758916||0.882373||699,661||44,669,938|
|Aug 16, 2018||0.800796||0.812499||0.730578||0.770664||692,478||46,804,162|
|Aug 15, 2018||0.729928||2.16||0.721063||0.803872||1,069,410||42,662,086|
|Aug 14, 2018||0.815038||0.847632||0.667321||0.731203||877,587||47,636,512|
|Aug 13, 2018||0.895750||0.955412||0.806641||0.814999||692,395||52,353,889|
|Aug 12, 2018||0.878222||0.908137||0.856327||0.896155||453,554||51,329,450|
|Aug 11, 2018||0.879472||0.913559||0.863971||0.883188||464,347||51,402,493|
|Aug 10, 2018||0.960413||0.966204||0.869260||0.880136||563,925||56,133,268|
|Aug 09, 2018||0.967308||0.989119||0.922337||0.954863||604,705||56,536,268|
|Aug 08, 2018||1.01||1.01||0.921198||0.966089||540,297||59,114,773|
|Aug 07, 2018||1.05||1.15||1.01||1.01||855,118||61,232,377|
|Aug 06, 2018||1.04||1.06||1.03||1.05||726,554||60,963,629|
|Aug 05, 2018||1.03||1.05||0.996653||1.04||619,399||60,196,041|
|Aug 04, 2018||1.13||1.14||1.00||1.02||588,310||65,963,023|
|Aug 03, 2018||1.17||1.17||1.03||1.13||1,036,870||68,616,128|
|Aug 02, 2018||1.22||1.26||1.16||1.17||1,030,450||71,084,472|
|Aug 01, 2018||1.22||1.24||1.14||1.22||833,095||71,594,474|
|Jul 31, 2018||1.30||1.30||1.17||1.23||840,105||75,734,303|
|Jul 30, 2018||1.39||1.39||1.25||1.30||924,797||81,120,368|
|Jul 29, 2018||1.42||1.43||1.35||1.39||692,517||83,256,600|
|Jul 28, 2018||1.45||1.46||1.40||1.42||777,885||84,958,584|
|Jul 27, 2018||1.40||1.47||1.38||1.45||1,013,200||81,667,432|
|Jul 26, 2018||1.47||1.49||1.39||1.40||1,335,360||85,655,856|
|Jul 25, 2018||1.40||1.52||1.40||1.47||1,480,960||82,010,512|
|Jul 24, 2018||1.41||1.47||1.39||1.43||1,851,140||82,305,952|
|Jul 23, 2018||1.42||1.49||1.40||1.41||1,141,400||83,119,368|
|Jul 22, 2018||1.40||1.49||1.39||1.42||1,357,580||81,479,088|
|Jul 21, 2018||1.34||1.41||1.32||1.40||1,372,430||78,521,424|
|Jul 20, 2018||1.60||1.60||1.35||1.36||2,187,060||93,141,240|
|Jul 19, 2018||1.59||1.65||1.54||1.60||2,296,800||93,023,536|
|Jul 18, 2018||1.51||1.68||1.51||1.58||2,497,310||88,313,432|
|Jul 17, 2018||1.39||1.54||1.37||1.51||1,781,600||81,313,296|
|Jul 16, 2018||1.30||1.40||1.30||1.40||1,373,860||75,961,408|
|Jul 15, 2018||1.28||1.34||1.27||1.30||1,089,660||74,821,544|
|Jul 14, 2018||1.29||1.31||1.27||1.28||1,367,430||75,293,984|
|Jul 13, 2018||1.32||1.33||1.29||1.30||1,488,050||77,021,424|
|Jul 12, 2018||1.40||1.44||1.29||1.31||1,471,160||81,529,392|
|Jul 11, 2018||1.34||1.43||1.34||1.40||1,591,380||77,735,288|
|Jul 10, 2018||1.43||1.44||1.31||1.34||1,519,830||83,357,848|
|Jul 09, 2018||1.40||1.52||1.38||1.43||2,325,630||81,513,136|
|Jul 08, 2018||1.46||1.47||1.36||1.39||1,903,310||84,847,896|
|Jul 07, 2018||1.34||1.53||1.32||1.46||2,748,200||78,047,568|
|Jul 06, 2018||1.41||1.42||1.30||1.34||1,716,420||81,816,984|
|Jul 05, 2018||1.41||1.53||1.37||1.41||3,677,040||82,239,208|
|Jul 04, 2018||1.26||1.57||1.24||1.43||4,429,640||73,153,968|
|Jul 03, 2018||1.33||1.37||1.25||1.25||1,497,620||76,997,752|
|Jul 02, 2018||1.21||2.08||1.20||1.33||2,153,550||70,070,552|
|Jul 01, 2018||1.24||1.24||1.18||1.21||1,264,780||71,974,368|
|Jun 30, 2018||1.14||1.29||1.14||1.24||1,589,940||66,232,968|
|Jun 29, 2018||1.08||1.17||1.03||1.15||1,137,660||62,710,532|
|Jun 28, 2018||1.18||1.19||1.08||1.08||1,527,710||68,233,136|
|Jun 27, 2018||1.19||1.21||1.17||1.18||1,219,080||69,164,736|
|Jun 26, 2018||1.22||1.26||1.20||1.20||955,740||70,918,840|
|Jun 25, 2018||1.20||1.23||1.16||1.22||1,282,970||69,826,288|
|Jun 24, 2018||1.32||1.32||1.11||1.20||1,758,760||76,548,920|
|Jun 23, 2018||1.35||1.39||1.30||1.32||1,588,000||78,199,576|
|Jun 22, 2018||1.55||1.55||1.32||1.35||2,080,570||89,500,472|
|Jun 21, 2018||1.62||1.62||1.55||1.55||1,917,030||93,716,224|
|Jun 20, 2018||1.54||1.64||1.49||1.61||2,226,150||89,224,528|
|Jun 19, 2018||1.53||1.56||1.51||1.54||1,694,390||88,602,272|
|Jun 18, 2018||1.45||1.54||1.44||1.53||1,847,580||83,853,440|
|Jun 17, 2018||1.50||1.52||1.45||1.45||1,363,450||86,775,144|
|Jun 16, 2018||1.43||1.53||1.42||1.51||1,477,870||82,575,872|
|Jun 15, 2018||1.52||1.54||1.42||1.43||1,466,810||87,980,840|
|Jun 14, 2018||1.41||1.56||1.40||1.52||2,771,410||81,241,048|
|Jun 13, 2018||1.51||1.57||1.39||1.40||2,718,520||87,420,256|
|Jun 12, 2018||1.67||1.70||1.48||1.51||3,394,800||96,136,080|
|Jun 11, 2018||1.64||1.78||1.63||1.67||3,767,830||94,780,160|
|Jun 10, 2018||1.95||1.95||1.57||1.64||3,647,290||112,278,784|
|Jun 09, 2018||2.09||2.09||1.94||1.94||3,347,560||120,507,656|
|Jun 08, 2018||2.26||2.26||2.06||2.09||5,277,510||130,296,488|
|Jun 07, 2018||2.45||2.50||2.21||2.26||8,163,390||141,391,264|
|Jun 06, 2018||2.61||3.20||2.33||2.44||27,095,700||150,641,104|
|Jun 05, 2018||2.52||2.73||2.48||2.64||958,921||144,999,312|
|Jun 04, 2018||2.72||2.73||2.48||2.53||834,134||156,819,312|
|Jun 03, 2018||2.57||2.80||2.57||2.66||2,047,590||147,875,712|
|Jun 02, 2018||2.36||2.65||2.34||2.57||1,111,050||135,567,520|
|Jun 01, 2018||2.41||2.48||2.30||2.35||929,266||138,914,240|
|May 31, 2018||2.47||2.54||2.36||2.40||1,801,560||142,041,808|
|May 30, 2018||2.67||2.73||2.28||2.41||5,152,900||153,568,432|
|May 29, 2018||2.06||2.67||2.05||2.64||6,982,380||118,616,704|
|May 28, 2018||2.02||2.19||1.95||2.08||1,568,250||115,834,024|
|May 27, 2018||1.95||2.02||1.93||2.01||487,317||112,135,912|
|May 26, 2018||1.99||2.04||1.94||1.96||336,277||114,269,800|
|May 25, 2018||2.10||2.15||1.97||1.99||1,027,600||120,781,456|
|May 24, 2018||1.97||2.12||1.88||2.10||700,692||113,069,512|
Risks associated with investing in Nexus
Of all the cryptocurrencies out there, Nexus is the only one that truly fits the definition of being completely decentralised. It is not only the most secure cryptocurrency out there, but it is also working towards being the only cryptocurrency with no sort of regulation, whatsoever. It is only a matter of time before people realise its true potential.
However, despite its impressive technology and the ambitious plan, it is still a cryptocurrency. This means that Nexus tokens are subject to high volatility and legal hurdles. Any crackdown on cryptocurrencies will dramatically impact its value.
In such a scenario, mutual funds serve as a safer, viable investment and we urge you to consider this. They are absolutely legal and a lot more safer than cryptocurrencies.
"The Reserve Bank of India (RBI) and Ministry of Finance has frequently cautioned the users, holders and traders of virtual currencies regarding the potential economic, financial, operational, legal, customer protection and security related risks associated in dealing with virtual currencies. RBI also further clarified that it has not given any licence/authorisation to any entity/company to operate schemes or deals related to Bitcoin or any virtual currency. RBI has also barred its regulated entities from dealing or providing services to any individual or business entities dealing with cryptocurrency. The Ministry of Finance has also officially stated that virtual currencies are not legal tender or coin.
A&A Dukaan Financial Service Private Limited (“BankBazaar”) does not endorse investing or dealing in virtual currencies in any manner. The information provided on our website is solely for illustrative purposes and should not constitute investment advice or assistance in investing or dealing with crypto currencies. If you decide to invest or deal in cryptocurrencies, you should be aware that you will be dealing with the respective individuals or business entities dealing in cryptocurrency and BankBazaar has no role in any manner in such transactions or dealings. We strongly advise our visitors to invest in legally recognised financial instruments rather than risking their capital on virtual currencies which are unregulated instruments."