Nexus ASA GP

Nexus ASA is a decentralized app (DAPP) created by Nexus ASA LLC. It serves as a virtual middleman between two parties, eliminating the need for trust in fulfilling contractual obligations. Nexus ASA aims to facilitate in-game transactions and provide a platform for users to connect through an ASA marketplace. This marketplace supports various categories of digital and physical assets. Nexus ASA LLC has chosen to work on the Algorand platform due to its transparency, fast transaction times, and low fees. The project is led by Jacob Woodrow (President) and Joshua Woodrow (Vice President), with additional support from a volunteer staff. They are also developing an escrow smart contract scheduled for release in Q1 2022, which will generate revenue for Nexus ASA LLC.

Nexus ASA is unique compared to other cryptocurrencies because it brings a revolutionary concept of decentralized exchange to the Algorand blockchain. It aims to solve the problem of online scams and in-person marketplace exchanges by implementing a system where both parties pledge their own money as collateral before the transaction or meet-up occurs. This provides a level of security and trust in the trading process. Additionally, Nexus ASA is built on the Algorand platform, known for its transparency, fast transaction times, and inexpensive fee structure. Nexus also plans to provide a platform for users to connect and trade via an ASA marketplace, supporting different categories of digital and physical assets. Furthermore, Nexus ASA is developing an escrow smart contract that can secure any trade between two users, which will be one of their main sources of revenue.