🔍 Nexchain Crypto Presale Review: $5.5M Raised Amid AI and VC Partnership Claims
Nexchain is currently running a $5.5 million crypto presale for the NEX token, positioning itself as a high-throughput Layer-1 blockchain powered by artificial intelligence. The presale is hosted on its own platform and offers the NEX token at stages starting from $0.01, with a stated listing price of $0.30.
A closer examination of Nexchain raises multiple red flags. Despite offering a 37-page whitepaper and publishing tokenomics that suggest a $430 million FDV, no live testnet or product has been released. The project's GitHub shows minimal activity, with no code linked to its claimed blockchain infrastructure or AI features.
While the NEX token contract has been audited, the underlying blockchain remains unaudited and undeveloped. Publicly listed team members were found using fake profile photos, later admitted by the project. There is also no verifiable background on key figures such as CEO “Logan Reynolds” or CMO “Derek Hayes”.
Nexchain’s website features logos of Amazon, Visa, NVIDIA, and others under “Ecosystem Partners,” along with claims of backing from firms like Animoca Brands and Shima Capital. However, none of these companies have confirmed involvement, and Nexchain does not appear in their official portfolios.
The project's visibility comes almost entirely from paid PRs and affiliate-driven promotions, with no significant organic engagement or developer community activity. ROI claims across promotional content mirror patterns seen in high-risk or deceptive crypto presales.
Given the combination of unverifiable claims, inactive development, and marketing driven by paid placements, the Nexchain presale presents significant risks. Investors should approach with caution.
