NEXO - The Leading Regulated Financial Institution for Digital AssetsWebsiteWhitepaperCoinMarketCapAbout:Nexo is a blockchain-based overdraft system that allows users to make instant crypto loans. At the moment, there is no other way in which crypto owners can use their assets other than selling and buying them. Nexo comes forth with a very lucrative business model where it lets crypto owners use their holdings as collateral, then withdraw cash. The users maintain a 100% access to their cryptocurrency while they have immediate access to cash. At the same time, they can access the value of their crypto assets.
Nexo was created by Credissimo, a leading FinTech group that has been serving millions of users from all over Europe for more than a decade. That company has given out loans worth of $120 million since its foundation while amassing $155 million in cash. They are licensed and regulated in
200+ jurisdictions and let's you borrow instantly in
45+ fiat currencies. Insured by BitGo and partners with some of the
top companies in the cryptocurrency industry.
Unofficial Lending Statistics (
For USDT only, this excludes fiat) -
https://nexostatistics.com // They have been doing over
$1M+ in USDT loans per day so far in 2020. "Note that this data is only about USDT loans and FIAT loans are not included. Nexo has announced that on 5th of December 2018 total processed dollars were $313,896,663.14, which was about
15 times greater than USDT loans at the time."
Nexo's 2019 Infographic:-
They processed over $1.5B for 550,000 Users-
Gave out $2.4M in dividends to their holders with a dividend yield of 12.73%-
Released their mobile app for iOS and Android users-
Nexo security infrastructure is now ISO /IEC 27001:2013 certified-
Featured on 80+ premium media outlets Watch the video here:
https://youtu.be/ypMKKYPNe08What's coming up for Nexo?-
Credit card release (There will be different tiers for the credit card depending on how many Nexo you stake, this will reduce the supply on the markets. This isn't your average debit card, you will be able to utilize the Nexo platform and have easy access to your loaned money while still owning your assets.) The credit card hype is crazy, you saw what happened with MCO and GRS when they released their own card (100%+ gains). /
Expected to be released in March/April 2020.
- Audits of their loan books /
Will be audited by an independent 3rd party in Q1-Q2 2020. Quite a few people on the sidelines waiting for this, once they publish it...
- Dividends (Company pays 30% of their profits to token holders.) / This one will be HUGE since the growth has been crazy, the last one had a yield of
12.73%.
-
Acquire their own bank to allow fiat deposit-taking and payments system (NEXOBank) / This will be massive, you saw back in 2017 when a coin updated their whitepaper lol, imagine purchasing a bank...
- More exchange listings coming soon... (Have been the
#1 volume on Binance DEX for awhile now, Nexo also has BNB as a collateral option and CZ (CEO of Binance) notices this. You remember what he said, any adoption with their token will increase the chances of a listing... Binance is also starting to list tokens again with the market going up.)
- Earn interest on your Cryptocurrencies (BTC/ETH and etc.) /
Expected to be released in March 2020.
-
More utility for the token:
- Better interest rates on both our ‘Instant Crypto Credit Lines’ and ’Earn Interest’ products
- Premium features and functionalities
- Adding more collateral options, features and functionalities
- Higher Nexo Card Cashback
- Exclusive Nexo Card designs
- Higher Affiliate commissions
- Invite-only access to products announcements and events
Interesting posts on Nexo: https://www.altcointradershandbook.com/coin-report-nexo/ https://medium.com/capriole/the-nexo-token-is-a-30c-dollar-part-1-176875fefbe1 https://medium.com/capriole/the-nexo-token-is-a-30c-dollar-part-2-9ef52e7940ca https://www.reddit.com/r/Nexo/comments/ewemt3/why_nexo_might_top_1_per_token_in_the_next_1224/ https://www.reddit.com/r/Nexo/comments/ediy5u/why_nexo_is_going_to_have_a_bright_year_2020/ https://www.reddit.com/r/Nexo/comments/f42fla/why_nexo_might_top_1_per_token_in_the_next_12/ https://www.reddit.com/r/Nexo/comments/f2z2dx/were_approaching_1k_daily_loans_nonfiat_only_thus/ https://www.reddit.com/r/Nexo/comments/evpkbx/some_thoughts_on_the_new_nexo_staking_policy/Technical Analysis:For the people that invest/trade using technical analysis, check out the high time frame NEXO/BTC pair on Huobi. Clearly see that it has broken out of a long timescale accumulation phase. Could possibly see price discovery with some of the fundamentals coming up for NEXO (If you don't know what price discovery is, check out the LINK chart, it is going through this right now.)
Where Can You Buy Nexo?The NEXO token can be bought on the following exchange platforms:
https://coinmarketcap.com/currencies/nexo/markets/Price at posting this thread: $0.196285 USD / 0.00002002 BTC
Additional Information and contacts:- Blog:
https://medium.com/nexo- Telegram:
https://t.me/nexofinance- Facebook:
https://www.facebook.com/NexoFinance- Twitter:
https://twitter.com/NexoFinance- Reddit:
https://www.reddit.com/r/nexo/Definitely take a look at this gem! What projects out there can say that they made over $10M+ profits in under 2 years of launch? Released a working product after their ICO? Have over half a million users on their platform? Pay dividends to their holders? (
High yielding coin with massive growth) Have an actual use case? One of the most adopted projects in the crypto space? Also with their
new policy which requires users to stake NEXO if they want the 50% discount on interest, this will make the buy side heavy with the amount of people that has taken out a loan (over $1.5B+ processed and with the APR interest at 11.9% there will eventually be
$178.5M+ in buy orders for Nexo on the markets) because who wouldn't want to save 50%? This forces clients to buy NEXO off exchanges and to stake it over a period of time, which will reduce the supply on the markets. Also don't forget about all the different types of use cases that are in the works for Nexo. Both the fundamentals and technical analysis side for Nexo are looking great. This isn't your average utility coin, it is also a security token just like your shares/stocks that pays dividends to their holders, which makes investors directly involved in the ownership of Nexo/NexoBank.
Please do your own research before investing!
