Nexxus (NXX) will offer an IEO with Probit Exchange, between 15 to 29 October 2019. NXX Token will be priced at $0.20/NXX. Buyers who use Probit’s token PROB, to buy NXX during the IEO will get a 12% bonus; and those using Tether (USDT), Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) will get 10% bonus.
IEO is considered the next step in the evolution of fund-raising for cryptocurrencies after ICO. The exchange vets the proposal, and if it satisfied, it issues a date for the token sale, along with which cryptocurrencies will be allowed, to buy the token and any discounts on offer. IEOs are considered safer than ICOs because the exchanges will lose credibility if there is any financial irregularity. The exchange also verifies, that users who participate in buying tokens satisfy its KYC criteria. Thus, cryptocurrency firms get verified users and users get vetted crypto firms.
Probit is a South Korea based global exchange. It currently lists 36 cryptocurrencies for trading. It has an order matching the speed of 1.5 million orders per second, uses cold storage which increases the security of digital assets, by storing digital wallets on an offline platform, which prevents hacking and unauthorized access to digital wallets.
Nexxus is working to bring cryptocurrency to the masses, by opening physical cryptocurrency cafes, setting up a network of cryptocurrency ATMs, running shopper rewards program, etc. It also runs a university, which offers certification programs in cryptocurrency.
Affiliated merchants use Nexxus digital coins, to give cash-back reward points to shoppers for every transaction, in any currency, even fiat currency or cryptocurrencies like Bitcoin or several others. Thus, purchase in any currency causes buying of Nexxus coins from the real world to complete the cash-back reward.