Nexus is building a decentralized social network that focuses on privacy, control of settings and security. Think Facebook, but with no central organization to store and data mining your photos, updates, locations, and conversations (among other things). In Q3, they commenced an Initial Coin Offering for “Social”, the native cryptocurrency used to buy and sell goods and ads within the Nexus marketplace.
In late August, Nexus rallied from $1.50 to $3.50 before consolidating at a recent price of $3.22.