[ANN] Nexo - The World's First Instant Crypto-backed Loans - page 3.

Amel

legendary

Activity: 1638

Merit: 1033

Quote from: BiteMyShinyMetalAss on April 08, 2019, 03:56:43 AM

Quote from: encycrypto on April 07, 2019, 06:47:55 PM

Has someone tried this offer yet?

Quote

Earn 6.5% of compounding interest on your PAX, DAI, USDC, USDT & TUSD, paid out daily.
Add and withdraw any amount at any time and let your crypto work for you. All is guaranteed by Nexo's overcollateralized loan portfolio and $100M custodial insurance.

https://t.co/HTNVmvh242

Does it require any KYC?

Yes, they pay 6.5% and ask for KYC

I asked in the chat service and for a loan withdrawal, KYC was needed
to start earning interest on stablecoins don't need KYC, please confirm again if you are in doubt

BiteMyShinyMetalAss

hero member

Activity: 617

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Crypto Card - https://platinum.crypto.com/r/28cz7d

Quote from: encycrypto on April 07, 2019, 06:47:55 PM

Has someone tried this offer yet?

Quote

Earn 6.5% of compounding interest on your PAX, DAI, USDC, USDT & TUSD, paid out daily.
Add and withdraw any amount at any time and let your crypto work for you. All is guaranteed by Nexo's overcollateralized loan portfolio and $100M custodial insurance.

https://t.co/HTNVmvh242

Does it require any KYC?

Yes, they pay 6.5% and ask for KYC

encycrypto

member

Activity: 294

Merit: 53

Has someone tried this offer yet?

Quote

Earn 6.5% of compounding interest on your PAX, DAI, USDC, USDT & TUSD, paid out daily.
Add and withdraw any amount at any time and let your crypto work for you. All is guaranteed by Nexo's overcollateralized loan portfolio and $100M custodial insurance.

https://t.co/HTNVmvh242

Does it require any KYC?

DrearyUrbanite

sr. member

Activity: 756

Merit: 250

Quote from: TheHas on April 05, 2019, 11:30:36 PM

Quote from: BiteMyShinyMetalAss on April 04, 2019, 03:33:53 AM

NEXO is super fishy latelly - a ton of unhappy people! Wouldnt be surprised if NEXO ran away with money, too many red flags for me, i am out !

Hmm interesting. A couple people have said similar things.

By too many 'red flags', could you explain what you mean? Something up with the website or issues with management decisions? Can't get funds?

Don't know why the website would matter, but if the team changes formerly established terms without warning that's a big red flag. They will do it over and over again with other things as well.

TheHas

full member

Activity: 616

Merit: 167

Quote from: BiteMyShinyMetalAss on April 04, 2019, 03:33:53 AM

NEXO is super fishy latelly - a ton of unhappy people! Wouldnt be surprised if NEXO ran away with money, too many red flags for me, i am out !

Hmm interesting. A couple people have said similar things.

By too many 'red flags', could you explain what you mean? Something up with the website or issues with management decisions? Can't get funds?

BiteMyShinyMetalAss

hero member

Activity: 617

Merit: 509

Crypto Card - https://platinum.crypto.com/r/28cz7d

NEXO is super fishy latelly - a ton of unhappy people! Wouldnt be surprised if NEXO ran away with money, too many red flags for me, i am out !

CryptoSaltMine

newbie

Activity: 4

Merit: 9

NEXO is a scam!

They have changed LTVs without warning, they have changed nexo LTV from 30% to 15% effectivelly trapping people who got loans using NEXO as a colllateral.

They have changed the whitepaper - they no longer mention NEXO being a security token or that NEXO holders should get dividends, there is 0 mention in the new whitepaper of nexo being a security token.

Stay away from NEXO.

For some reason NEXO is enjoying making community angry! Posts asking for updates are deleted/ignored and people banned.

DrearyUrbanite

sr. member

Activity: 756

Merit: 250

Quote from: TheHas on March 29, 2019, 06:28:17 PM

Nexo interest of 6.5 percent looks great, that's probably the main thing I'd use nexo for.

Only just starting to learn about nexo now (it got listed recently on an exchange I follow, trade.io). Do you need to do KYC for the interest earning component? I prefer to not send personal information.

The Medium article about interest doesn't flag if KYC is needed, but it feels like something that would require that level of information.

But the interest comes in whatever crypto you deposited right? What if you get 6.5% on your BTC but BTC drops by 20%?

TheHas

full member

Activity: 616

Merit: 167

Nexo interest of 6.5 percent looks great, that's probably the main thing I'd use nexo for.

Only just starting to learn about nexo now (it got listed recently on an exchange I follow, trade.io). Do you need to do KYC for the interest earning component? I prefer to not send personal information.

The Medium article about interest doesn't flag if KYC is needed, but it feels like something that would require that level of information.

Cy2

newbie

Activity: 66

Merit: 0

Quote from: VanDeinsberg12 on March 18, 2019, 07:20:22 PM

Quote from: Cy2 on March 18, 2019, 07:14:46 PM

Quote from: DrearyUrbanite on March 18, 2019, 06:52:02 PM

Is it correct that Nexo will not allow their own token to be used as collateral for crypto-backed loans?

Not true. However, LTV has retreated to about 15% and NEXO token can only be used to repay interest. At least here to date in the USA.

that means if nexo token still can't be used as collateral and i think it's not the same as collateral. It just like utility usage of token itself in the platform.
Just curious, do i need to give collateral before i can request the loan? how it works. im interesting on it.

Yes, if you stake BTC or ETH LTV is 50% or better, TUSD & USDT even better LTV is 90% and up.

VanDeinsberg12

hero member

Activity: 1540

Merit: 507

Quote from: Cy2 on March 18, 2019, 07:14:46 PM

Quote from: DrearyUrbanite on March 18, 2019, 06:52:02 PM

Is it correct that Nexo will not allow their own token to be used as collateral for crypto-backed loans?

Not true. However, LTV has retreated to about 15% and NEXO token can only be used to repay interest. At least here to date in the USA.

that means if nexo token still can't be used as collateral and i think it's not the same as collateral. It just like utility usage of token itself in the platform.
Just curious, do i need to give collateral before i can request the loan? how it works. im interesting on it.

Cy2

newbie

Activity: 66

Merit: 0

Quote from: DrearyUrbanite on March 18, 2019, 06:52:02 PM

Is it correct that Nexo will not allow their own token to be used as collateral for crypto-backed loans?

Not true. However, LTV has retreated to about 15% and NEXO token can only be used to repay interest. At least here to date in the USA.

DrearyUrbanite

sr. member

Activity: 756

Merit: 250

Is it correct that Nexo will not allow their own token to be used as collateral for crypto-backed loans?

encycrypto

member

Activity: 294

Merit: 53

Quote from: BiteMyShinyMetalAss on March 14, 2019, 09:06:33 AM

Quote from: encycrypto on March 04, 2019, 06:26:42 PM

A little time back, NEXO platform didn't use NEXO tokens as collateral... Does it accept it now for loans?

They do now. Its just they dont trust their own token very much and offer <15% LTV , it was 30% but then they silently reduced it to 15% and less, in this way effectivelly trapping everyone who took loans backed by nexo token.

They dont communicate much with investors and community anyway - nobody knows, even admins dont know what is happening inside the company. Seems the credit card is again delayed!

Thanks for the information! They need to have some good admins at Telegram at least, who are aware of the delays and stuff.

BiteMyShinyMetalAss

hero member

Activity: 617

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Crypto Card - https://platinum.crypto.com/r/28cz7d

Quote from: encycrypto on March 04, 2019, 06:26:42 PM

A little time back, NEXO platform didn't use NEXO tokens as collateral... Does it accept it now for loans?

They do now. Its just they dont trust their own token very much and offer <15% LTV , it was 30% but then they silently reduced it to 15% and less, in this way effectivelly trapping everyone who took loans backed by nexo token.

They dont communicate much with investors and community anyway - nobody knows, even admins dont know what is happening inside the company. Seems the credit card is again delayed!

DrearyUrbanite

sr. member

Activity: 756

Merit: 250

Quote from: encycrypto on March 04, 2019, 06:26:42 PM

A little time back, NEXO platform didn't use NEXO tokens as collateral... Does it accept it now for loans?

What is the reason if they decide that their own token will not be allowed as collateral?

encycrypto

member

Activity: 294

Merit: 53

A little time back, NEXO platform didn't use NEXO tokens as collateral... Does it accept it now for loans?

DrearyUrbanite

sr. member

Activity: 756

Merit: 250

Quote from: Mfomo on February 12, 2019, 07:33:31 AM

I don’t think Nexo is a scam my opinion though. I found out about it last year and their concept is really mind blowing & the NEXO ICO was rated 4.5 out of 5.0 in Icobench
Nexo - The World's First Instant Crypto-backed Loans. Powered by Credissimo - A Leading European FinTech Group for over 10 years.
Don’t sell your crypto. Don’t lose the upside potential. Keep it and get an Instant Loan from Nexo

If they have been audited by Deloitte it is rather unlikely that they are a scam.

BiteMyShinyMetalAss

hero member

Activity: 617

Merit: 509

Crypto Card - https://platinum.crypto.com/r/28cz7d

Quote from: silverleafy on February 15, 2019, 04:09:55 AM

Hello, I see that some members are wearing NEXO signature. Is there any signature campaign? Where I can get this code, please?

Really bad quality, dont bother. Its nexo who send these to members of the community.

When will the dividends become regular? Will we see a credit card Q1 or just another silent delay?

Cy2

newbie

Activity: 66

Merit: 0

$500 minimum loans are now available.

Topic: [ANN] Nexo - The World's First Instant Crypto-backed Loans - page 3. (Read 25457 times)