Mykola Prys

Nexus. Another scam 2026 is truly the year of scams, shutdowns, and disappointments in retrohunting. Almost every week another project we interacted with dies, and even the ones that finally reach TGE often end up scamming their community. — This time it was @NexusLabs : from 2024 to 2026 they kept users busy with provers, testnets, farming, quests, and endless activities - and what did people get in the end? Pennies that you often can’t even claim properly. — So what actually happened? • As usual - nothing good. Another project that was supposed to become a technological Layer 1 ended up being just another scam, giving users a worthless “reward” after 1.5 years of farming, running nodes, and wasting resources. • What did the project even do? • Delayed mainnet over and over again • Built random DEXes and protocols • Ran 3 testnet phases • Forced prover activities • Launched a points system • Added paid badge minting • Created social farming campaigns • Did countless collaborations • Even built some kind of “ecosystem” — But in the end it’s just some useless piece of garbage that barely works, and nobody even understands what it was made for. Most likely that $25M went into apartments in downtown New York instead. — What happened at TGE? • A few days before launch, people found their contract where token allocations were already visible. In Discord the team kept saying: “It’s fake, don’t trust it, no announcements yet.” Then suddenly, with zero communication, zero announcements, and no transparency, they quietly launched TGE behind everyone’s back - with a decent valuation and listings on major exchanges. — At first it looked like maybe they were doing a stealth “alpha launch” similar to what Hyperliquid and Lighter did before. But then regarding the airdrop they simply wrote: “No airdrop - For fun.” — So where did people get tokens from? Simple: they converted testnet points into mainnet tokens. The problem is - you can’t do anything with them. You can’t sell them, there’s no liquidity, no real utility, they’re just meaningless numbers sitting in the explorer. — And you can’t even bridge them because there’s no bridge. Right now it’s literally just a useless placeholder token you can only look at. — In reality people received absolute crumbs. Honestly, you could probably walk outside for 30 minutes and find more spare change on the street than what Nexus gave users through this “drop.” Another greedy company that kept the real supply for themselves while screwing over the community. • How to check your virtual “airdrop”? • Go to explorer.nexus.xyz/ • Paste your Nexus address • See your tiny amount of $NEX tokens — Final thoughts • At first the project looked solid: $25M raised from tier-1 funds in a single round, a decent-looking team, American CEO, ~50 employees, US office, launched during peak bull market hype - and in the end, classic crypto story: the money likely went into salaries, houses, apartments, and cars, while the community got left with nothing. — And as always Binance Alpha users got treated better than actual long-term farmers and node runners. Same old market story — Honestly, I’m just angry at this point. I no longer expect anything from most old projects that have already been farmed to death. Right now I’m simply flowing toward perps, prediction markets, AI, Base, some vibe coding, and generally whatever is actually relevant in the current market. 2026