Nexo - The Cool Crypto Lending Platform

Nexo (NEXO)

What is Nexo?

Nexo is an exchange and lending platform that allows users to borrow loans in fiat or stablecoin; and to lend their crypto for rewards. These rewards are paid daily and vary depending on the coin that lent out.

Why does Nexo have value?

Nexo can provide a simple and fast way to borrow against your cryptocurrency portfolio and/or also earn interest on crypto holdings. Having easy access to loans in fiat or a stablecoin is very important for many users across the globe.

What are the Pros of Nexo?

●       Users can borrow fiat against their crypto assets.

●       The NEXO token offers cashback and other benefits in the Nexo platform.

●       Nexo will release a card that can be funded with cryptocurrency and used for purchases on any Point of Sale.

What are the Cons of Nexo?

●       Future regulation could hamper the platform.

What are NEXO’s tokenomics?

The total supply of NEXO is 1 billion. 25% was allocated to a company’s reserve; 11.25% was distributed among the founders and developers; 7% was reserved for airdrops and other community events; 5.25% went to advisors and the legal and marketing departments; and 52.5% was distributed in token sales.

Who founded Nexo?

Antoni Trenchev.

Who are Nexo’s investors?

Nexo has conducted two funding rounds and raised $52.5 million. Its main investor is Arrington XRP Capital.

Concise Crypto Grade:

B+  :Nexo is an amazing product for those that need a short term loan in ‘traditional fiat’ currency. Nexo also offers a variety of benefits for it’s token holders including discounts and increasing loan limits. We love this. In a world, where owning a protocols token doesn’t always mean much holding NEXO has some tangible benefits. As long as U.S. and global regulators don’t crack down on Nexo’s operations we think they’ll be a force to be reckoned with both in Web3 and in new finance.

Where can I buy NEXO?

Bitfinex, Huobi Global, Uniswap, Binance DEX, ProBit Global.

What ecosystem does Nexo run on?

Ethereum and Binance Smart Chain