Social (Nexus) ICO – Info, Links & Analysis

The Social (Nexus) ICO began August 17th and ends September 17th. Social is the currency that will be used within the social network Nexus, which is a new decentralized social network.

Social in their own words:

Social is a cryptocurrency that will be used within Nexus, a secure and private decentralized social network with integrated marketplace and ad platform

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.


Social ICO info

  • Symbol: SCL
  • When: Began August 17th and ends September 17th (a relatively long period)
  • How Much:
    • 95% in ICO
      5% marketing
    • Hard cap: 47,500,000 SCL
    • Soft cap: 250,000 SCL
    • 1 ETH = 500 SCL
    • Assuming an ETH price of $350, that gives a max market cap of $35 million and a hard cap of $33.25 million and a soft
  • Distribution: Immediately
  • Exchanges:No info found
  • Who is running ICO? Self run
  • Bonus: 50% week 1, 40% week 2, 30% week 3, 20% week 4, 10% week 5
  • ICO Progress:  14,708,671.86 Social coins sold (~30% of hard cap) to raise ~$6.7 million

What Others Say about Social (Nexus) ICO

CrushCrypto has not covered the Social (Nexus) ICO.

CrytoCompare has listed Social and shows just 5 followers, which is by far the lowest of any of the companies previously covered here.

TokenMarket  has not listed the Social ICO.

TokenData has not listed the Social ICO.

ICORating has rated Social as a Low for hype and Low for risk score. No info on investment nor an in-depth analysis.

BitCoinTalk has a thread on Social. As usual, most posts are by affiliates who of course are the biggest cheerleaders of the ICO.

ICOCountdown has not listed the Social (Nexus) ICO. They give spotlight to new crypto projects with a focus on crowdfunding methodology and conduct due diligence to ascertain viability of these projects.

Hacked has covered the Social ICO and were very negative on the opportunity, citing the difficulty in starting a new social network.


Nexus is an existing social network, and it’s easy to see how a token currency could benefit a social network (marketplace, ads). Of course, that assumes that the social network is adopted and used. Nothing that I’ve seen has convinced me that Social is anywhere close to building a successful, massive social network.

Of the existing leading social networks, Social most closely resembles Facebook. And while there may be many people that claim they want more control over their information than Facebook allows, it takes a lot more to convince someone to leave the most popular network and put their time into a unproven network with few members simply because it’s decentralized. 

They’ve been unable to garner much support for their ICO, or their “established” product. They’re unlisted on many ICO schedule sites, have few “followers” on others, and have just 2 reviews on the Apple App Store. More importantly, they’ve used a massive bonus structure over a long period of time for their ICO, yet have managed to raise just over 30% so far with about 10 days remaining.

Despite all the negative, the structure of their ICO makes it somewhat intriguing, and makes me wish that other ICOs would adopt a similar model. A vast majority (95%) of all Social tokens will be made available in their ICO, with just 5% being held for marketing costs. No tokens are reserved for the team behind social. Instead, they’ll buy back 5% via Bitcoin during the first 24 hours.

Additionally, all unsold tokens will be discarded, rather than returning the tokens to the company or using for some other purpose. This preserves the value of the tokens and actually increases the percentage value of previously sold tokens and valuing the company at a more palatable $7M USD currently (with ETH at ~$325), though that seems somewhat high given the limited success thus far.

Regardless, the heavy bonus structure is reason enough not to invest at this stage. Currently, there’s 15,198,897.53 SCL sold and 20261.66 ETH raised, for an average exchange of ~750 SCL/ETH when it’s priced at 500 SCL/ETH. Even with the currently available 20% bonus, you’d only get 600 ETH/USD.

It’s a significant difference, and with just over 30% subscribed, it’s extremely unlikely that the ICO will get anywhere near a level that will bring the average price up to the currently offered price. More likely, the price will end up somewhere closer to the average price paid, regardless of the bonus level.

At this point, I’m holding off. And even if you think Social/Nexus have a chance to build the next great social network, it’s probably best to wait ’til post-ICO to get your tokens on an exchange at a lower price.


COSS ICO – Info, Links & Analysis

The COSS ICO began August 8th and ends September 6th 5am PST. COSS is an acronym for Crypto-One-Stop-Solution. As the name implies, they provide a platform for all things crypto including an exchange, payment gateway, POS, wallet, and more. They’re

Coss in their own words:

COSS is designed as a living project with infinite possibilities for extension, aimed to bring cryptocurrencies to the masses by adopting and facilitating all the existing crypto- and the blockchain-related services and products into a user-friendly, intuitive and easy-to-use environment.

The number of customers and merchants listed on the COSS marketplace is constantly increasing, and currently counts 150 Merchants and over 1000 users. COSS has an international team spread many locations across the world from Singapore (the managing board) to New York (branches) and Bucharest, Romania (Development Team).



  • Symbol: COSS
  • When: Began August 8th and ends September 6th at 5am PST.
  • How Much:
    • 65% of tokens in ICO
      12.5% pre-ICO “fire swap”
      15% Developers, Staff, Strategic Partners**, Operations
      5% CAP (COSS Affiliate Program)
      2.5%  Shareholders***/Board of Directors***/Advisory Board***
    • Hard cap: 130,000,000 COSS Tokens. 1 ETH = 600 Coss tokens. ETH is currently at $392 but has been closer to 300 over the last month. That gives roughly a $65M hard cap.
    • Soft cap none
    • Max market cap of $100M
  • Distribution: By September 20, 2017
  • Exchanges: COSS, hitBTC
  • Who is running ICO? Self run
  • ICO Progress: As of Sept 1 at 12:15pm PST. 6884 ETH have been raised. At 600 COSS per ETH, that’s 4,130,400 of the total 130,000,000, just above 3%.

What Others Say about Maecenas

CrushCrypto analysis of COSS ICO (summary): Not good for flipping due to unlikelihood of reaching hard cap and delayed distribution date. Neutral for long term due to lack of focus and trying to provide too many disjointed services.

CrytoCompare has listed COSS and shows 54 followers, a relatively small number. Interesting, they show it has traded slightly above and below the ICO price (in ETH) at times during the last month.

TokenMarket writes that “COSS is a revenue-generating token on Ethereum designed to sustain the Crypto One Stop Solution (COSS for short) platform, which aims to boost the massive adoption of cryptocurrencies.” COSS has a moderate number of follwers at 195.

TokenData briefly describes COSS as an “Ecosystem for cryptocurrencies (exchange, wallet, PoS, payment gateway)”. No further info given.

ICORating has rated COSS as a Medium for hype and Very Low for risk score. No info on investment nor an in-depth analysis.

BitCoinTalk has a thread on COSS. Most posts appear to be by affiliates. No discuss of the low percentage of hard cap they have raised so far.

ICOCountdown has listed COSS. They give spotlight to new crypto projects with a focus on crowdfunding methodology and conduct due diligence to ascertain viability of these projects.


The fact that COSS has a working product, and have been self-funded prior to this, puts them ahead of many ICO-projects. There’s a need for a number of new crypto services, including payment processing, new exchanges, etc, but it’s hard to see what edge they have vs other, more-focused companies attempting to solve problems around one specific problem.

Their ICO used a number of bonus incentives, including up to 25% during the pre-ICO and 15% during the public ICO. While that can help buid momentum, it doesn’t seem to have worked in this case, and likely attracted more opportunists looking for a short-term flip.

At this point, with under 5 days remaining and over 95% of tokens remaining, there’s no reason to get into during the ICO phase.


Maecenas ICO – Links & Analysis

The Maecenas ICO begins September 5th. Maceanas is a decentralized art gallery seeking to raise up to $20 million. In preparation, here’s some stats, info, and links from other a number of ICO analysts.

Maecenas in their own words: The Decentralised Art Gallery
The first open blockchain platform that democratises access to Fine Art


Maecenas ICO info

  • Symbol: ART
  • When: Presale for private invites & priority members begins September 5th. Opens to public Sept 7th. 12pm PST in both cases. Must join & fund CoFound.It Priority Pass by today, August 31st to access presale.
  • How Much:
    • 30% of tokens in ICO
      30% kept as reserve liquidity fund
      20% allocated to incentivise partners and client acquisition
      20% retained by Maecenas
    • Hard cap $20M
    • Soft cap $3M
    • Max market cap of $67M
  • Distribution: Immediately after contribution, locked from trading for 1 week.
  • Exchanges: No info found
  • Who is running ICO? The Maecenas ICO is being run by They select promising business, give them guidance, and prepare them for success. They’ve run other successful ICOs, including the Musiconomi ICO, which was nearly sold out by the time of the public sale. Nice that company has been vetted and has good guidance.

What Others Say about Maecenas

CrushCrypto analysis of Maecenas (summary): Neutral for flipping due to lack of awareness relative to size of hard cap of $20M. Good for long term due to being an innovative business model without much competition in a potentially huge market.

CrytoCompare has not listed Maecenas yet.

TokenMarket  writes that Maecenas will democratise access to fine art by creating a decentralised art gallery — a truly open platform where anyone can own a piece of a Picasso. They are building a global art blockchain market where assets are traded quickly and fairly on a liquid exchange. Currently there are just 38 followers (for comparison, Monetha had 638 just before their ICO.)

TokenData summarizes Maecenas as a “marketplace and investing platform for art.” No further commentary or info.

ICORating has not yet listed Maecenas.

BitCoinTalk doesn’t appear to have a dedicated thread to Maecenas.

ICOCountdown has not listed Maecenas.


The project sounds interesting and there is a lot of potential. The art market is huge and largely inefficient. Competitors charge large fees and artwork is often off-limits to smaller scale investors. Maecenas’ platform has the potential to open the market to new investors, provide liquidity, and undercut competitors – provided they convince others to adopt the concepts and business model.

Admittedly, I don’t know much about the fine art market, but my guess is that there is hesitation to changes in the industry. So far, Maecenas has had “discussions with c-level execs” at a number of insurance companies, wealth management offices, law firms, etc. They don’t currently have a publicly accessible product (only in MVP stage) nor any paying customers/clients – though they have “30 artworks in pipeline worth over $100 million” have been proposed to the team.

The ICO hasn’t gotten the attention you’d expect from an ICO looking to raise $20 million at a $67 million valuation. Demand for’s previous ICO, Musiconomi, was more than I expected, proving to be more than sufficient to reach their hard cap within 30 minutes after the public sale began. However, it will be more difficult to reach a hard cap 2.5x as large.

There is a pre-sale but at this time, given the lack of attention and large hard cap, I’m content waiting for the public sale to see how the ICO develops.


Musiconomi – Notes before Public ICO

Musiconomi in their own words: A Global Music Economy That Works for Everyone. Musiconomi will reshape the way listeners and musicians engage. We envision a rich ecosystem where sharing and promoting great music deserves its own reward and where artists can incentivize social sharing to suit their needs.


Musiconomi ICO info

  • Symbol: MCI
  • When: presale for private invites & priority members started 8/29. Opens to public 8/31 at 12pm PST.
  • How Much:
    • 25% of tokens in ICO, 22% Team,
      28% Strategic Partnership Reserve,
      25% Future release (2018/2019).
    • Hard cap $6M
    • Soft cap $3M
    • Max market cap of $24M
  • Distribution: one month after ICO ends
  • Exchanges: No info found

ICO is being run by They select promising business, give them guidance, and prepare them for success. They’ve run other successful ICOs. Nice that company has been vetted and has good guidance.

What Others Say about Musiconomi

CrushCrypto analysis of Musiconomi (summary): good for flipping due to relatively low hard cap & an experienced team. Neutral on long term due to difficulty others have had innovating/disrupting music industry.

CrytoCompare has not listed Musiconomi yet.

TokenMarket has not listed it either.

TokenData doesn’t have it listed

ICORating has rated Musiconomi a Medium for both hype and risk ratings. No investment rating or in-depth analysis. Described it as ” Musiconomi is an ecosystem where sharing and promoting great music deserves its own reward and where artists can incentivize social sharing to suit their needs.”

BitCoinTalk thread has nothing of particular insight.

Other Notes

As of 11:40am, about 20 minutes before public sale, all but ~500 ETH have been raised. If the public gets any chance at all, the remaining MCI will be sold very fast.

Update (12:48pm PST , 48 minutes after public sale): There were about 500 ETH worth still available when the public sale began. Sold out in under 30 minutes. Briefly showed over-subscribed but now shows exactly 100%.

Monetha ICO – Post-ICO Notes

Monetha ICO sold out quickly this morning. It started at 7am my time (PST). I didn’t have a chance to check until about 7:20am, after getting my four-year old son out of bed and dressed, and it was already sold out.

Sold 50% of total tokens for 95,000 ETH, raising nearly $37M ($387 * 95,000) for a market cap of over $73 million.

In their own words: an efficient payment solution for merchants that enables globally trustful commerce. Decentralised. Empowered by the Ethereum blockchain.

First came across this via Victor at Crypto Crush. His analysis of Monetha was positive, both for the short and long term.

BitCoinTalk discussion says it sold out in a matter of minutes and many didn’t get in despite trying.

TokenMarket described it as “Mix of PayPal and Trustpilot on Ethereum Blockchain”. Currently has 636 followers.

ICORating gave the Monetha ICOhype score of High and a risk score of Very Low. No in-depth analysis or investment rating.

Monetha currently has 39.6k points on CryptoCompare. Points are awarded for posts, followers, etc so it’s an indicators of interest. Steadily risen over the last month since it was added.

No info on which exchanges will list Monetha yet, but tokens were to be distributed immediately. With so much demand, likely to see active trading. Seems worth watching as it is added to exchanges.

Update (Sept 01, 2017 11:41am PST): Monetha sent an email saying they sold out in just 18 minutes.