Nexus partners with Vector to host crypto in space

Vector, a nanosatellite launch company announced a partnership with Nexus to host decentralized cryptocurrency in space using its Satellite platform
20 December 2017   1056

Nexus Group, an innovative and rapidly growing product company, developing identity solutions for physical and digital access, has announced its partnership with Vector, a nanosatellite launch company. Two companies aim to deploy a cryptocurrency on a satellite orbiting the earth using Vector's GalacticSky Software-Defined Satellite platform.

This partnership will bring the use for GalacticSky's technology, prove the versatility of the platform and allow future Vector customers to pay for launches using NXS, which is a cryptocurrency of Nexus.

The capabilities provided by the GalacticSky platform, combined with the flexibility of Vector's launch model, bring us one step closer to accomplishing our mission of providing the world with a decentralized currency that can be accessed virtually anywhere, anytime.

Colin Cantrell
Founder and lead core developer, Nexus

Nexus will host NXS currency in space via GalacticSky in order not to be tied to a nation-state and to distribute its blockchain across multiple satellites, providing it much better performance. Vector's mission is to give accessibility to entrepreneurs and space innovators and to revolutionize the commercial space industry.

At the moment of press, these are main market parameters of Nexus:

  • Average price: $4,29
  • Marketcap: $234 054 733
  • 24h volume: $7 172 720

ICOs to Lose Popularity, Diar Research Say

Diar assumes that in the future unregulated ICOs won't attract significant attention
11 December 2018   6

Although since the beginning of this year, ICO-startups have managed to raise over $ 12.2 billion, the November figure was only $ 65 million, according to data from a new study of the Diar portal.

According to analysts, the once popular method of financing, which allowed startups to attract tens and hundreds of millions of dollars in the absence of any product, exhausted itself against the background of fears about regulators' actions and the general dynamics of the cryptocurrency market, which did not leave retail investors with anything except for an unpleasant aftertaste.

This version is also supported by the data from the TokenData portal, which Diar leads in his research. Even with respect to the October levels, which constituted only a small fraction of what could be collected a few months ago, the November figures were 3 times lower.

Diar assumes that in the future unregulated ICOs as we have known them over the past years will no longer attract significant attention and will give way to regulated platforms of tokenized securities.