What Is Nexo?(NEXO)
Nexo is the world’s largest and most trusted lending institution in the digital finance industry. Since 2018 It has strived to bring professional financial services to the world of digital assets. Leveraging the best of the team’s years of experience in FinTech along with the power of blockchain technology, They empowers millions of people to harness the value behind their crypto assets, shaping a new, better financial system. They currently manages assets for 4М+ users across 200 jurisdictions.
Nexo Coin is a blockchain-based lending platform that offers users instant cryptocurrency-backed loans. Users deposit an accepted token — such as Bitcoin (BTC), Ether (ETH), Litecoin (LTC) or XRP (XRP) — as collateral to receive a loan in the form of a fiat currency or stablecoin.
It has a native token, that when locked in the platform grants users benefits such as discounts on interest accumulated on loans and the opportunity to receive interest payments on funds deposited. Token holders also receive dividends from profits.
Important Points Table Of Nexo Coin
| Basic | Points |
|---|---|
| Coin Name | Nexo |
| Short Name | NEXO |
| Total Supply | 1,000,000,000 |
| Explorer | Click Here To View |
| Documentation | View Document |
| Website | Click Here To Visit |
How to Buy the Continental & Trade On Exchange?
Mission
This is committed to successfully solving inefficiencies in the lending markets by creating innovative, convenient and sustainable solutions. By harnessing the potential behind blockchain technology, This is pioneering a new digital financial system.
Vision
They see a future for the financial world where all assets are tokenized on-chain and people have efficient ways to transfer or manage their funds. At they always look ahead which is why we’ve designed products to be seamless, secure and instant — the financial services of tomorrow.
Values
Nexo values are rooted in efficiency, transparency and inclusivity. This is reflected in fully-automated products, transparent processes and extensive efforts to develop a truly global service that makes wealth creation opportunities available to everyone.
Careers
They are looking for exceptionally talented people to join team Imagine yourself contributing to the development of one of the most dynamic blockchain-based FinTech companies in the world, redefining how financial services are conducted. This innovative company is Nexo Coin .
Unleash the Power of Your Crypto
With the account that caters to your profit and prosperity through leading credit line service for digital assets and high-yield interest on your idle savings.
Who Are the Founders of Nexo?
Nexo was founded by a team of finance professionals and crypto enthusiasts, who turned to blockchain to create the crypto equivalent to a service well established in traditional finance, but hitherto non-existent in digital finance— borrowing against the value of your assets while retaining ownership. In 2018, the team launched the platform, offering the world’s first crypto credit lines that allowed digital asset holders to obtain fiat and stablecoin loans against their cryptocurrency, and thus setting the foundations of the crypto lending niche.
The collective behind Nexo has a combined experience of over 30 years in financial services, including non-crypto lending, investment banking, mergers and acquisitions, and hedge funds, with Co-founder and Managing Partner Antoni Trenchev additionally contributing with experience in Finance Law and in KYC and AML solutions.
Trenchev, who has acted as the public face of leadership, has a track record in advocating for wider blockchain and crypto adoption, notably serving as member of parliament in Bulgaria’s National Assembly from 2015 to 2017, where he promoted the implementation of blockchain solutions for e-government services, as well as frequently commenting on crypto and digital finance-related current events to mainstream media, including Bloomberg, The Independent, and CNBC.
They currently services over a million users across 200+ jurisdictions, managing over $4 billion in assets. The company currently has 150 employees, with its management based in London.
What Makes Nexo Unique?
According to its whitepaper, Nexo is the first-ever provider of instant cryptocurrency-backed loans and it intends to solve inefficiencies in the lending market. Its automated lending process uses smart contracts and an oracle on the Ethereum blockchain to manage loans. After a user transfers cryptocurrency to a -controlled wallet, the oracle establishes the loan and the user is instantly allocated the funds. When the user makes a deposit in order to repay the loan, the oracle returns the cryptocurrency and records the transaction on the blockchain. Smart contracts are used to power NEXO and to record user balances.
Nexo Coin is marketed to individual and institutional investors, cryptocurrency companies, exchanges, miners and others who want liquidity from their assets. The company makes a profit from the interest accumulated on loans, and it also offers institutional lending and consulting services.
They seeks to build a user base of clients that continue to use the platform and remain invested in. As such, the company announced a loyalty program that rewards those who keep in their accounts, giving them preferential interest rates on loans and higher yields on savings. This also distributes 30% of its profits to token holders in the form of dividends.
Know the Benefits
The Token is a fundamental part of Loyalty Program. Depending on how many tokens you have as a percentage of your whole Portfolio Balance you fall into one of four tiers.
Earn up to 50% More on Your Idle Crypto
There are two levers to pull here. First, you can increase your Loyalty tier and earn more interest by holding more Tokens. And secondly, you can get up to 2% additional interest by opting to earn in Tokens.
$100M Buyback Program
In November 2021, They launched its $100M Buyback program for the Token, meaning we’ll be periodically repurchasing native token on an open-market principle in order to boost liquidity, reduce volatility, and contribute to price appreciation.
How to Buy NEXO Tokens
If you want to take advantage of Loyalty Program, buying NEXO Tokens via the Exchange is as easy as purchasing any other crypto asset.
Tap on Exchange
Select the “Buy” option and pick the fiat currency you’d like to pay with and as the asset you’d like to purchase.
Select Buy with Card
Choose the ‘Visa or Mastercard’ option and enter your card details.