Nexo

lets you borrow instantly in fiat and earn interest on your idle assets.

home link https://nexo.io/

reference material Whitepaper.pdf

Community

Market
106.02 KRW
Exchanges that listed the coin
14
Symbol
NEXO
Dapp
To be released
Project introduction

Nexo is a platform where you can borrow cash with your password. The loan is made instantly, without a credit inquiry in a fully automated process. The loan limit is based on the market value of the cryptographic assets that are pledged as collateral, and as the value of the cryptographic currency rises, additional credit limits are automatically available immediately. We also partner with BitGo to protect all password assets.

Executives and partners
There is no executive team information at this time
Please leave a message of support for the team

BitGo

onfido

Latest News

There is no news posted at the moment
Please leave a message of support for the team

go to leave a message

Medium

Nexo Now Accepts Tokenized ...

Nexo Now Accepts Tokenized Gold for Instant Credit Lines and Will Offer Interest-Bearing Accounts on GoldNexo, the dominant player in the crypto lending space, is adding the NYDFS-regulated PAX Gold as a collateral option for its signature Instant Crypto Credit Lines, bringing gold-backed lending to the blockchain.With PAX Gold, a digital token on the Ethereum blockchain, representing a physical amount of gold held in the vaults of London-based Brink, Nexo now offers gold investors instant access to their gold wealth in over 45 fiat currencies via same/next day transfers and across 200+ jurisdictions.True to its innovative DNA, Nexo will be adding PAX Gold for its ‘Earn Interest’ product that will pay up to 8% per year of interest on gold, debunking the century-old stigma that “gold does not pay dividends”. This value proposition makes Nexo the only financial institution in the world to pay interest on gold in kind.“There’s a lot of overlap in the mentality between the crypto world and those who hold gold,” said Paxos’ CEO Chad Cascarilla. “What you know have is the liquidity, divisibility, and transferability of crypto, while owning gold.”While Kosta Kantchev, co-founder of Nexo, commented: “Gold bugs proliferate the crypto community and the Nexo-Paxos offering now enables them to do what until now was only available to high-net-worth individuals via Lombard credits on large quantities of physical gold — accessing the value of gold without selling it”.He added that for generations now, the ultra-wealthy were purchasing large quantities of physical gold, which was used as collateral for credit lines. The proceeds were then used to buy even more gold and/or diversify into other asset classes, essentially leveraging physical gold position and accessing its value without selling.Now with PAX Gold allowing fractional ownership of gold in а frictionless manner via blockchain technology, the same concept is available for as little as a few hundred dollars. Nexo accepting the digital representation of gold as collateral makes what was previously reserved to the privileged ones available en mass to all.This is a bold move in a larger disruptive trend of tokenizing the world that will see commodities, stocks and bonds, real estate, fine art, and any other asset class being brought on-chain to be owned, traded, exchanged and borrowed against.Apart from unlocking the value of previously idle assets such as Picassos and Monets, the tokenization of the world enables large scale fractional ownership. This, in turn, ensures social inclusion and participation in Western-like wealth creation to even the remotest corners of the world, constituting the second paradigm-shifting use case of blockchain technology after the transformation of money by Satoshi Nakamoto’s whitepaper in 2009.About NexoNexo is the most advanced and trusted instant crypto lending provider on a global scale. It is the only blockchain company to provide its services in 45+ fiat currencies and more than 200 jurisdictions. Nexo gives digital asset holders the best of both worlds — instant access to cash and retaining ownership of their assets.Official website: https://nexo.ioAbout PaxosPaxos Trust Company is on a mission to modernize finance by mobilizing assets at the speed of the internet. Paxos is building a future where all assets — from money to commodities to securities — will be digitized and can move instantaneously, 24/7. Settlement risk will cease to exist, so trillions of dollars of trapped capital can go to work in a global, frictionless economy.Official website: https://www.paxos.comDo check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Question? Visit your Help Center.Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefNexo Now Accepts Tokenized Gold for Instant Credit Lines and Will Offer Interest-Bearing Accounts… was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 09. 07

NEXO Token Holders Receive ...

We are delighted to inform you that the Dividend Payment of US$2,409,574.87 to NEXO Token Holders on August 15, 2019, is now complete.Simply log in to the Nexo Mobile App to view the dividend that has been credited to your wallet.The annualized dividend yield is an impressive 12.73%, which surpasses all of the highest dividend-paying stocks in the S&P 500.Nexo’s innovative dividend-distribution methodology rewards long-term investor confidence and also decreases market volatility around ex-dividend dates. It consists of two parts — the Nexo Base Dividend and the Nexo Loyalty Dividend, each making up 50% of the total amount in the current distribution.Nexo Dividends ExplainedSince the April 2018 launch, Nexo has seen exorbitant growth of the registered user base to 250,000+ and has gained significant market share, making Nexo the market leader in Crypto FinTech.Nexo’s impeccable and innovative marketing strategies, unrivaled customer support, combined with a substantial upswing in crypto asset prices across the board has ensured unprecedented demand for Nexo’s signature Instant Crypto Credit Lines™.This has given us the means to further give back to the community, by allowing investors from around the world to generate 8% with Nexo’s high-yielding ‘Earn Interest’ product.The launch of the Nexo Mastercard, the acquisition of commercial banking capabilities and bridging the gap between traditional and decentralized finance all ensure Nexo’s lead in the market and the sustainability of our long-term growth rates.The Nexo Card Is HereThe entire Nexo Team is dedicated to making sure that our savvy investors earn ever-larger returns on their investment.In addition to regular and growing dividend payouts, the team is working on the NEXO Token Utilities 2.0 that will bring a plethora of new amazing utility features, including, but not limited to:Better interest rates on all Nexo productsPremium features and functionalitiesHigher Nexo Card CashbackExclusive Nexo Card designsAffiliate commissionsInvite-only access to products and eventsThis Utilities 2.0 overhaul ensures a continuously growing demand and appreciation of the NEXO Token.To participate in Nexo’s financial success, make sure to purchase NEXO Tokens on Huobi, the community’s most preferred cryptocurrency exchange.Thank you for your ongoing trust and support.Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Question? Visit your Help Center.Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefNEXO Token Holders Receive US$2,409,574.87 in Dividends was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 08. 15

The Nexo Card is Here, Get ...

The Nexo Card is Here. Get Early Access NowWith great pride, we announce that the Nexo Card is here!True to our innovative approach to FinTech, at Nexo, we are pioneering the world’s first card that allows holders to spend the value of their assets without selling them.The Nexo Card can be ordered and managed from the comfort of your Nexo Mobile App, giving you instant worldwide access to Nexo’s services.Simply navigate to the Card tab and Nexo takes care of the rest!Install Nexo — https://nexo.io/appThe Nexo Card BenefitsReady to Use at 40+ Million MerchantsThe Nexo Card is already linked to the assets in your Nexo Wallet.When making purchases, the Nexo Oracle confirms in real-time your credit line balance, approves the transaction and send you the details in a push notification.All the Features You Need, Right at Your FingertipsFreeze and unfreeze your Nexo Card with a single tapCreate free virtual cards for safe online purchasesMonitor all your transactions in real-time and full detailView your PIN. Change it at any ATM if needed#ZeroFees on All TransactionsNo hidden feesNo account maintenance feesNo inactivity feesNo surcharges at Point-of-Sale paymentsNo foreign exchange (FX) feesInstant Cashback on All TransactionsEnjoy cashback of up to 5% whenever paying with your Nexo Card. The cashback is instantly deposited into your NEXO Wallet, increasing your available credit line balance.State of the Art Security FeaturesNexo Wallet is equipped with military-grade 256-bit encryption and 24/7/365 fraud monitoring mechanisms, guaranteeing the safety of clients’ funds and transactions.We are confident that we provide the best card service in the blockchain space and that you will enjoy using the Nexo Card as much as we enjoyed creating it for you.Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Question? Visit your Help Center.Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefThe Nexo Card is Here, Get Early Access was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 08. 06

US$2,409,574.87 Dividend fo...

US$2,409,574.87 Dividend for NEXO Token Holders AnnouncedNexo’s Board of Directors is delighted to announce that a Nexo Dividend of US$2,409,574.87 will be distributed to NEXO Token Holders on August 15, 2019, subject to eligibility requirements.Nexo Dividends ExplainedThe first two quarters of 2019 have seen unprecedented demand for Nexo’s signature Instant Crypto Credit Lines™ and this results in a three-fold increase in the nominal value of the Nexo Dividend.Nexo would like to remind you of its innovative dividend-distribution methodology that rewards long-term investor confidence in Nexo and also decreases market volatility around ex-dividend dates. This approach results in the dividend profit-sharing to be split into two parts:Base Dividend — paid out to all eligible token holders proportionally to their NEXO Token holdings;Loyalty Dividend — paid out individually for each NEXO Token based on how long it has been in the Nexo Wallet from one ex-dividend date to the next. The share of the Loyalty Dividend will be no less than 1/3 of the total dividend amount to be distributed in any given period.Please make sure to place your NEXO Tokens by August 5, 2019, 15:00 UTC to ensure full benefits of earning passive income with Nexo.We are confident that going forward, Nexo’s profitability will continue its upward trajectory. Nexo consistently dominates the crypto lending space and with the addition of the Nexo Card, new assets for both our Instant Crypto Credit Lines™ and for our high-yield ‘Earn Interest’ product, and the acquisition of commercial banking capabilities, Nexo is the only crypto banking account that the blockchain space will ever need.Nexo Launches a Debit Card That Lets You Not Spend Your Crypto - CoinDeskIn addition to growing dividend payouts, the Nexo Team is working on Utilities 2.0 for the NEXO Token that will bring a plethora of new amazing utility features, including, but not limited to:Better interest rates on all Nexo productsPremium features and functionalitiesNexo Card cashbackExclusive Nexo Card designsAffiliate commissionsInvite-only access to products and eventsThis utility overhaul will ensure growing demand and appreciation of the NEXO Token.To participate in Nexo’s financial success, make sure to purchase NEXO Tokens on Huobi, one of the community’s most popular cryptocurrency exchanges, against BTC and ETH, as Nexo shares 30% of its profits with the NEXO Token Holders.We hope you are as thrilled about these developments as we are and look forward to many fulfilling moments like this one!Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Question? Visit your Help Center.Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefUS$2,409,574.87 Dividend for NEXO Token Holders Approved was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 08. 03

NEXO Tokens on the Binance ...

Nexo is pleased to announce that it is further strengthening its relationship with Binance by migrating at least 10% of the NEXO Tokens supply to the Binance Chain.Nexo already has moved a portion of its NEXO Tokens from the Ethereum blockchain, where Tokens were issued under the ERC-20 standard to the BEP2 protocol of Binance’s own blockchain called ‘Binance Chain’ which was launched in April 2019 and hosts the Binance DEX.Binance DEX Launches on Binance Chain, Invites Further Community Development | Binance BlogThis is the latest move in a year-long business relationship between Nexo and Binance which began in July 2018 when Nexo became the first company to allow holders of Binance Coin (BNB) to borrow against their cryptocurrency using Instant Crypto Credit Lines™.body[data-twttr-rendered="true"] {background-color: transparent;}.twitter-tweet {margin: auto !important;}A good example for integrating $BNB in your ecosystem. Many thanks! https://t.co/vLZr0IR4T9 — @cz_binancefunction notifyResize(height) {height = height ? height : document.documentElement.offsetHeight; var resized = false; if (window.donkey && donkey.resize) {donkey.resize(height); resized = true;}if (parent && parent._resizeIframe) {var obj = {iframe: window.frameElement, height: height}; parent._resizeIframe(obj); resized = true;}if (window.location && window.location.hash === "#amp=1" && window.parent && window.parent.postMessage) {window.parent.postMessage({sentinel: "amp", type: "embed-size", height: height}, "*");}if (window.webkit && window.webkit.messageHandlers && window.webkit.messageHandlers.resize) {window.webkit.messageHandlers.resize.postMessage(height); resized = true;}return resized;}twttr.events.bind('rendered', function (event) {notifyResize();}); twttr.events.bind('resize', function (event) {notifyResize();});if (parent && parent._resizeIframe) {var maxWidth = parseInt(window.frameElement.getAttribute("width")); if ( 500 < maxWidth) {window.frameElement.setAttribute("width", "500");}}Binance Coin Loans (BNB Lending) · Nexo.io“It’s delightful to see that more and more projects have chosen to migrate their tokens onto Binance Chain. We’re happy to build a robust blockchain ecosystem together with Nexo.” — Ted Lin, Binance Chief Growth OfficerWhile Antoni Trenchev, Managing Partner at Nexo, commented:“Nexo is delighted to support Binance in its bold move to build its cutting-edge blockchain which setting the standard for the development of the largest Decentralized Crypto Exchange — Binance DEX.”Why NEXO is Now Also on the Binance ChainNEXO Token holders who choose to use their tokens on the Binance Chain will enjoy several benefits:Faster transactions — High throughput and low latency give the Binance Chain blazing fast processing times, allowing transactions to be confirmed in just one second — a significant improvement from other blockchain solutions;Lower fees — Higher efficiency leads to lower fees, as the Binance Chain boasts lower and more sustainable transaction (TX) fees than other blockchains;Trading on Binance DEX — NEXO Tokens will become tradable on the Binance DEX, one of the world’s most popular decentralized exchanges.What This Means for NEXO HoldersNow that the BEP2 NEXO Token is launched, both protocols are becoming available across all Nexo Wallets. At any time, clients will be able to deposit and withdraw ERC-20 and BEP2 NEXO Tokens and to switch between them, guaranteeing the flexibility and ease of use that has become synonymous with Nexo.To ensure this, Nexo has built a two-way token swap mechanism that allows everyone to convert BEP2 to ERC-20, and vice versa, giving freedom of choice from the comfort of the Nexo Wallet on the desktop version and on mobile via the iOS and Android apps on all devices. Needless to say, those transactions are occurring at #ZeroFees.#ZeroFees on All Your Nexo Wallet TransactionsThe Circulating Supply Remains UnchangedAll ERC-20 NEXO Tokens corresponding to the amount of issued BEP2 NEXO Tokens are locked in a publicly viewable Ethereum address, ensuring in the most transparent manner that the supply remains the same and no additional NEXO Tokens are in circulation.NEXO on Binance DEXAll Nexo and Binance proponents can accelerate the listing of NEXO on Binance DEX by joining our transparent discussion and following these simple steps:Access the Binance forum via this linkSimply register and confirm your email addressUpvote NEXO by clicking the UP arrow at the bottom of the post, located at the very right sideLeave a reply to share your feedback and supportAbout Binance ChainBinance Chain, a blockchain software system developed by Binance and the community, is a community-driven project with developers and contributors from around the world. Binance DEX is the decentralized exchange feature developed on top of the Binance Chain blockchain, setting a new cryptocurrency trading standard for fast and secure peer-to-peer trading.Official website: https://www.binance.org/About NexoNexo is the most advanced and trusted instant crypto lending provider on a global scale. It is the only blockchain company to provide its services in 45+ fiat currencies and more than 200 jurisdictions. Nexo gives digital asset holders the best of both worlds — instant access to cash and retaining ownership of their assets. All funds on the Nexo platform are secured by leading audited custodian BitGo and the insurance leader Lloyd’s of London with $100M insurance for custodial crypto assets.The company’s global operations are powered by the profound lending experience of Credissimo, a leading FinTech Group serving millions of people across Europe for over 10 years. Learn more on https://nexo.io.Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Question? Visit your Help Center.Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefNEXO Tokens on the Binance Chain was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 07. 26

XLM Now Available for Nexo’...

At Nexo we believe in listening to the community and due to extremely popular demand in our ongoing poll — Stellar (XLM) is now the newest collateral option for our signature Instant Crypto Credit Lines™ (in addition to the existing options of BTC, ETH, XRP, BNB, LTC and NEXO).Get an Instant Stellar-Backed Credit Line NowAs the world’s most advanced provider of instant credit lines with $700M already processed for 200,000+ users, Nexo’s instant credit lines offer significant advantages:Secured by leading audited custodian BitGo with $100M insurance for custodial crypto assetsMinimum amount of $500, maximum — $2,000,000Automated and guaranteed instant approval with no credit checksInterest from 8% per year (APR) and only on what you useNo instalments, no minimum loan repaymentsSame/next day free local bank withdrawalsAvailable worldwide in 200+ jurisdictions45+ fiat currencies (USD, EUR, JPY, etc.)No hidden fees, no FX commissionsCheck out this quick guide on how to secure your instant Nexo credit line in three easy steps.Getting Your Instant Nexo Loan in Three Easy Steps in 200+ jurisdictions and 45+ currenciesXLM is the tenth largest cryptocurrency and is the native currency of the Stellar network — an open source, distributed, and community owned network used to facilitate cross-asset transfers of value. Stellar aims to help facilitate cross-asset transfer of value at a fraction of a penny while aiming to be an open financial system that gives people of all income levels access to low-cost financial services.Jed McKaleb, co-founder of Stellar commented on the new partnership on behalf of The Stellar Development Foundation:In order to create a burgeoning financial ecosystem with Stellar, a whole suite of products and services are required and Nexo is paving the way for others to join.Allowing XLM Holders to borrow against their assets rather than sell them when they need access to instant cash provides adds an incredibly powerful utility feature to XLM. It eases selling pressure and makes the HODLing XLM even easier for the long run. On top of that, Nexo’s instant credit lines are mighty tools for ensuring tax-efficiency.Here’s How Nexo Might Help You with Your Tax Situation*As stated in an interview for CNBC by Nexo’s managing partner Antoni Trenchev, Nexo is seeing unprecedented demand for its signature Instant Crypto Credit Lines™ which attest for sustained, long-term profitability and ever-growing dividends for the NEXO Token Holders.https://medium.com/media/a0b2d6b55bce8a8d9650fe03e63ff44f/hrefTo participate in Nexo’s financial success, make sure to purchase NEXO Tokens on Huobi, community’s most popular cryptocurrency exchanges, against BTC and ETH, as Nexo shares 30% of its profits with the NEXO Token Holders.The Upcoming Nexo Dividend is on August 15, 2019About NexoNexo is the most advanced and trusted instant crypto lending provider on a global scale. It is the only blockchain company to provide its services in 45+ fiat currencies and more than 200 jurisdictions. Nexo gives digital asset holders the best of both worlds — instant access to cash and retaining ownership of their assets. All funds on the Nexo platform are secured by leading audited custodian BitGo and the insurance leader Lloyd’s of London with $100M insurance for custodial crypto assets.The company’s global operations are powered by the profound lending experience of Credissimo, a leading FinTech Group serving millions of people across Europe for over 10 years. Learn more on https://nexo.io.About StellarStellar is a fast, scalable, and uniquely sustainable platform for decentralized financial products and services. It is both a cross-currency transaction system, designed specifically for international settlement, and a decentralized global marketplace. Dozens of financial institutions and tens of thousands of individuals worldwide issue assets and settle payments on Stellar.About The Stellar Development FoundationThe Stellar Development Foundation (SDF) is a non-profit organization founded in 2014 to support the development and growth of the open-source Stellar network. SDF and Stellar seek to unlock the world’s economic potential by making money more fluid, markets more open, and people more empowered. The Foundation maintains Stellar’s codebase, manages grant programs, and supports the technical and business communities around Stellar. SDF is also a speaking partner to regulators, developers, and the community at large.Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Question? Visit your Help Center.Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefXLM Now Available for Nexo’s Instant Crypto Credit Lines™ was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 07. 15

#ZeroFees on All Your Nexo ...

We are happy to share with you that effective immediately, Nexo is removing all withdrawal fees associated with your Nexo Wallet transactions and we will even cover the blockchain network fees.This makes the Nexo Wallet the only wallet in the blockchain space to offer services at #ZeroFees.You can now receive, send & pay with crypto at no cost to you!From its onset, Nexo has always been about decentralized finance (DeFi) solutions for social inclusion and providing crypto banking services to even the remotest corners of the world.Running a truly global enterprise across 200+ jurisdictions means that Nexo’s signature Instant Crypto Credit Lines™ and our high-yield ‘Earn Interest’ products are for anyone. Their very goal is to further enhance financial freedom and financial returns from the comfort of your Nexo Wallet, now available on all iOS and Android devices.Since the beginning of 2019 Bitcoin has delivered astounding returns exceeding 840% on an annualized basis and Nexo clients have been able to profit from the bull run in the most tax- and cost-efficient manner by borrowing against their crypto rather than selling it.https://medium.com/media/a0b2d6b55bce8a8d9650fe03e63ff44f/hrefThe Nexo model is in line with Millennials’ expectations as to what financial services should cost and Satoshi’s vision of low-cost transfer of value in a borderless manner.Maximize your returns now by securing an Instant Crypto Credit Line™ and utilize Nexo’s high-yield ‘Earn Interest’ product to earn 8% per year, all at #ZeroFees.Getting Your Instant Nexo Loan in Three Easy Steps in 200+ jurisdictions and 45+ currenciesShare this amazing news with your community and let us together create the necessary pressure for all major companies and exchange in the space implement a #ZeroFees model!Nexo Wallet on Apple App Store:‎Nexo - Crypto Banking AccountNexo Wallet on Google Play:Nexo - Crypto Banking Account - Apps on Google PlayDo check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Question? Visit your Help Center.Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/href#ZeroFees on All Your Nexo Wallet Transactions was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 07. 11

Nexo Partners with Liquid t...

Nexo Partners with Liquid to Integrate Telegram’s Gram TokenAs the leading lending platform Nexo expands the utility of Telegram’s forthcoming Gram token by giving Gram holders instant access to cash without selling their tokens.The highly anticipated Gram token goes on sale to the public for the first time on July 10, 2019 in a token sale organized by crypto trading platform Liquid.Executive summaryTelegram raised $1.7 billion in 2018 via a Private Token Sale to build the Telegram Open Network (TON).Gram has the potential to become one of the largest cryptocurrencies by market cap.Nexo is expanding the utility of Gram tokens by introducing Gram as collateral for Nexo’s Instant Credit Lines and the Nexo Card.Liquid is giving the general public the first opportunity to buy Gram tokens.The Telegram Private Token SaleFounded in 2013 by the serial entrepreneur Pavel Durov, the very popular Telegram messaging app raised $1.7 billion to finance the building of the Telegram Open Network (TON) — a blockchain network project designed to be fast, secure, scalable, and capable of handling millions of transactions per second. TON is designed to be a competitor to Ethereum smart contracts and decentralized applications while also being extremely scalable. To participate in the private token sale, investors needed to commit at least $1 million.The Gram token is the native utility token of TON — Gram will serve as the principal cryptocurrency for the in-app economy on Telegram and will also be available for external use. Until now, the only way to buy Gram tokens has been through private sale rounds, which were not open to the public. The Gram Token Sale on Liquid will be the first opportunity for the general public to buy Gram tokens.It is anticipated that Gram may become one of the largest cryptocurrencies by market cap, as well as potentially the world’s most adopted cryptocurrency with the coming launch of TON to Telegram’s 200 million active users.Nexo Expands Gram’s UtilityNexo has recognized TON as one of the blockchain projects with the biggest potential, which may very well bring crypto to the masses by leveraging Telegram’s huge audience of millions of active users who are sending 70 billion messages every single day.In a commitment to strengthening the TON ecosystem, Nexo happy to announce its support for the Gram token as a collateral option for its signature Instant Crypto Credit Lines and its upcoming Credit Card.Shortly after Gram tokens start being tradable later this year Nexo will integrate Gram tokens to its instant credit lines in addition to existing options of BTC, ETH, XRP, LTC, BNB and NEXO.“The Gram token is one of the most sought-after assets in the crypto space right now. We are pleased to see other fintech companies recognising the significance of the exceptional work Telegram is doing to bring about mass adoption of cryptocurrency. Crypto traders will benefit from being able to use Gram tokens as collateral on Nexo. Support from Nexo further adds to the utility of Gram, which is being made available to the public for the first time on Liquid on July 10,” said Liquid CEO Mike Kayamori.Allowing Gram holders to borrow against their assets rather than sell them when they need access to instant cash adds an incredibly powerful utility feature to the already announced utilities of Gram. It eases selling pressure and makes the HODLing Gram even easier for the long run. On top of that, Nexo’s instant credit lines are a powerful tool for creating tax-efficiency.Here’s How Nexo Might Help You with Your Tax Situation*As the world’s most advanced provider of instant credit lines, Nexo’s instant credit lines offer significant advantages:Clients’ funds are secured by leading audited custodian BitGo with $100M insurance for custodial crypto assetsFully automated instant loans from as low as $500 up to $2,000,000Automated and guaranteed loan approval with no credit checksInterest from 8% per year (APR) only on what you useNo installments, no minimum loan repaymentsSame/next day free local bank withdrawals$700M already processed for 200,000+ Nexo usersNo hidden fees, no FX commissionsAvailable worldwide in 200+ jurisdictions45+ fiat currencies (USD, EUR, JPY, etc.)Nexo’s instant credit lines are a powerful tool for creating tax-efficiencyNexo’s Mastercard will let Gram holders utilize Nexo’s Credit Line for instant ATM withdrawals and real-world purchasesThe huge demand has prompted the Nexo team to initiate an “Earn Interest” product which allows investors from 200+ jurisdictions to earn up to 8% on their stablecoins — the highest rate offered in the industry.Earn up to 8% on DAI, PAX, USDC, Compounding Daily and Secured by Custodial InsuranceThe Public Token SaleOn July 10, 2019, Gram Asia, the largest holder of Gram tokens from Asia, will make Gram tokens for the first time available to the general public via a token sale, which will be conducted on the Japanese-based regulated Liquid exchange.Watch this discussion between the Liquid CEO, Mike Kayamori, and Gram Asia CEO, Dongbeom Kim, to learn more about the upcoming Gram Token Sale:https://medium.com/media/4609e03e14b9ab1991870a120178e264/hrefDo check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Question? Visit your Help Center.Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefNexo Partners with Liquid to Integrate Telegram’s Gram Token in Nexo’s Instant Credit Lines and… was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 07. 05

Terra Partners with Nexo to...

Nexo is pleased to announce its strategic partnership with Terra, the project building the next-generation payment system on the blockchain. The two companies are set to offer cutting-edge decentralized financial products and expand the crypto lending and savings market across the fast-growing Asia markets.The collaboration between Terra and Nexo focuses on two new product offerings:Adding Terra as the latest collateral option for Nexo’s instant credit lines: By eliminating the need for cumbersome credit checks, Nexo will offer users the ability to obtain an instant loan in fiat currency or cryptocurrency by placing their Terra in a Nexo account.Offering a high-yield savings program with Terra: Terra holders will enjoy high-interest rates of up to 8% on their holdings via Nexo, which is much higher than what traditional institutions offer. Moreover, Terra will top Nexo’s 8% interest rate with additional returns, funded by Terra’s seigniorage model, which would allow Terra holders to enjoy double-digit yearly returns on Nexo.Earn up to 8% on DAI, PAX, USDC, Compounding Daily and Secured by Custodial InsuranceEarn 8% on EUR. High-Yield Interest, 100% Asset-Backed GuaranteeA growing need is rising in Asia for a more efficient and convenient lending service. In a region where more than 1 billion people are estimated to have no access to formal financial services, including bank loans, Nexo has already solved many of the industry’s biggest issues by offering innovative services such as its signature instant credit lines, where interest is paid out on a daily basis. Through this partnership, Terra and Nexo will now be able to provide further solutions to counteract the lack of quality financing options in the region.“The ability to borrow against assets instead of selling them adds an incredibly powerful utility feature to Terra. Moreover, we are excited to soon offer Terra as part of Nexo’s high-yield savings program, in which we plan to utilize seigniorage to fund even higher interest rates,” said Daniel Shin, Co-Founder of Terra. “We’re thrilled to have found a reliable and experienced partner like Nexo, who is a strong driving force in the crypto industry and has opened up real-world applications for digital assets, gaining millions of global users in the process.”“We are excited to add Terra to the growing list of available stablecoins offered on our platform,” said Antoni Trenchev, Managing Director of Nexo. “With its unique seigniorage model and its impressive e-commerce alliance, Terra is set to become the most widely used and traded stablecoin in Asia and beyond. This makes it the most logical step for us to offer Terra to our users via our instant crypto credit lines. Terra is already backed by some of the biggest names in Southeast Asia, and we can’t wait to see how far we can take the spread of crypto across Asia with Terra’s help.”Terra and Nexo are natural partners since both companies have the shared goal of designing decentralized financial services with real use cases for the mainstream audience.Learn about Terra, its unique seigniorage model, and its collaboration with Nexo directly from Terra’s Co-Founder Daniel Shin’s recent appearance on the Borderless Crypto podcast.‎Borderless Crypto: Daniel Shin, Co-Founder of Terra: The Stablecoin Which Pays You to Use It on Apple PodcastsNexo is the leading crypto lender with $700,000,000+ already processed for its rapidly growing user base that exceeds 200,000, allowing them to get instant access to fiat and stablecoins via Nexo’s Instant Crypto Credit Lines™ against their digital holdings in BTC, ETH, XRP, LTC, BNB, and NEXO.Terra aims to become the first widely used cryptocurrency by pushing adoption through its formidable e-commerce alliance across Asia. To date, the Terra Alliance has a collective annual transaction volume of $25 billion with 45 million users, including Asia-Pacific giants such as TMON, Baemin, Carousell, Qoo10, and Tiki. On June 11, Terra started powering and recording transactions from CHAI, a payment service that launched on TMON — one of Korea’s largest eCommerce platforms. Just within 10 days since launch, CHAI has amassed over 100K users. Terra has also recently announced investments from LuneX and Ulysses Capital to help the expansion of Terra and its e-commerce alliance across Asia.About Terra:Terra is designing a price-stable digital currency that will power the next-generation payment network on the blockchain. Terra partners with an ever-growing alliance of global e-Commerce platforms to bring blockchain’s benefits such as low transaction costs to merchants and everyday consumers. By bridging the gap between digital currencies and real-world application, Terra aims to evolve into an open platform for innovative financial dApps and grow the real GDP of the blockchain economy. Founded by a team of business, finance and blockchain experts, Terra has offices in Singapore and Korea. Further information can be found at https://terra.money.About NexoNexo is the most advanced and trusted instant crypto lending provider on a global scale. It is the only blockchain company to provide its services in 45+ fiat currencies and more than 200 jurisdictions. Nexo gives digital asset holders the best of both worlds — instant access to cash and retaining ownership of their assets. All funds on the Nexo platform are secured by leading audited custodian BitGo and the insurance leader Lloyd’s of London with $100M insurance for custodial crypto assets.The company’s global operations are powered by the profound lending experience of Credissimo, a leading FinTech Group serving millions of people across Europe for over 10 years. Learn more on https://nexo.io.Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Question? Visit your Help Center.Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefTerra Partners with Nexo to Grow the Crypto Lending and Savings Markets Across Asia was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 07. 01

The Nexo Wallet App Now Ava...

We are beyond excited to announce that the Nexo Wallet is now also available as a mobile app for all iOS and Android devices.Download the Nexo Mobile app today and make sure to give it your highest rating!Nexo on App Store:‎Nexo - Crypto Banking AccountNexo on Google Play:Nexo - Crypto Banking Account - Apps on Google PlayThe Nexo Mobile App enhances your crypto banking even further so you can utilize the efficiency, and convenience and security of the Nexo experience on the go.All features are accessible via the Nexo Mobile App with the same uncompromised, seamless user interface.The Only All-in-One Secure Crypto Banking Account:Instant Crypto Credit Lines™: Instant access to cash without selling your cryptoHigh-Yield Savings: Earn 8% interest on your idle assets with 100% Asset-Backed GuaranteeInsured Personal or Business Crypto Account: Securely store, receive, send, and pay with cryptoNexo is a licensed and regulated financial institution and as the world’s largest and most trusted crypto lender has already securely processed more than $700 million for 200,000+ users around the world, leveraging the $100 million insurance on custodial assets in the blockchain space.Nexo lets you borrow instantly in 45+ fiat currencies across 200 jurisdictions and earns you daily interest on your idle assets.To participate in Nexo’s financial success, make sure to purchase NEXO Tokens on Huobi, one of the community’s most popular cryptocurrency exchanges, against BTC and ETH, as Nexo shares 30% of its profits with the NEXO Token Holders.The next Nexo Dividend distribution is on August 15, 2019.Download the Nexo Wallet app today and make sure to give it your highest rating!Nexo on App Store:‎Nexo - Crypto Banking AccountNexo on Google Play:Nexo - Crypto Banking Account - Apps on Google PlayDo check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Question? Visit your Help Center.Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefThe Nexo Wallet App Now Available on iOS & Android was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 06. 30

The Upcoming Nexo Dividend ...

The Upcoming Nexo Dividend Is on August 15, 2019Nexo’s Board of Directors is pleased to announce the next Nexo Dividend distribution for August 15, 2019, subject to standard eligibility requirements for NEXO Token Holders.On August 1, 2019, Nexo will announce the amount of the Nexo Dividend which will reflect the increased profitability of the Nexo enterprise.The ex-dividend date is August 5, 2019.Please make sure to check out all the details to ensure that you have taken all measures to benefit from Nexo’s sharing 30% of its profits with the NEXO Token Holders. Giving back to the blockchain community is of the utmost importance to Nexo as this is what decentralized finance (DeFi) is ultimately all about.As stated in an interview for CNBC by Nexo’s managing partner Antoni Trenchev, Nexo is seeing unprecedented demand for its signature Instant Crypto Credit Lines™ which attests for sustained, long-term profitability and ever-growing dividends for the NEXO Token Holders.Nexo would like to remind you of its innovative dividend-distribution methodology that rewards long-term investor confidence in Nexo and also decreases market volatility around ex-dividend dates. This approach results in the dividend profit-sharing to be split into two parts:Base Dividend — paid out to all eligible token holders proportionally to their NEXO Token holdings;Loyalty Dividend — paid out individually for each NEXO Token based on how long it has been in the Nexo Wallet from one ex-dividend date to the next. The share of the Loyalty Dividend will be no less than 1/3 of the total dividend amount to be distributed in any given period.The entire Team Nexo is looking forward to many profit-sharing events that redistribute ever-growing amounts back to the community, enhanced by new features like the upcoming Nexo Card and mobile app, the acquiring of commercial banking capabilities and further asset options for Nexo’s unrivaled 8% high-yield ‘Earn Interest’ product.Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Question? Visit your Help Center.Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefThe Upcoming Nexo Dividend is on August 15, 2019 was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 06. 28

CNBC Interviews Nexo’s Anto...

CNBC’s Squawk Box Europe has extended an invitation to Nexo’s managing partner Antoni Trenchev for a sit down with Julianna Tatelbaum and Geoff Cutmore to weigh in his thoughts on Bitcoin recapturing the $11,000 mark, the overall crypto market and the future of Nexo.You can watch the full video or read the transcript below:https://medium.com/media/a0b2d6b55bce8a8d9650fe03e63ff44f/hrefJulianna Tatelbaum:I want to bring in Antoni Trenchev, co-founder and managing partner at Nexo. So thank you for joining us this morning. Starting on bitcoin and the rally we’ve seen, I’m curious in your view, what’s been the real driver of this? I have heard, you know, a few different theories out there. One it’s, it’s an alternative investment for in the investment community, a safe haven of sorts. Another that the Libra announcement has really just brought attention to the whole sector and therefore investors are becoming more acquainted with it. In your view, what’s been behind the real rally recently?Antoni Trenchev:Well, I think there has been a perfect alignment of a few favorable factors. We see the geopolitical turmoil that certainly has helped the cause of Bitcoin; the bear market of 2018 — we have seen even the harshest proponents turning skeptical at some point. And this usually is the inflection point from which assets start to rallying again.But I think it is really about institutional support and the implication that it has in terms of mass adoption. We see Facebook coming developing their stablecoin Libra. We see JP Morgan developing their coin later on this year. We see Fidelity joining the space. We see the Yale Endowment Fund.So I think people are really starting to notice and appreciate the fact that bitcoin is here to stay.And at Nexo, we see this every day because more than 70% of our clients actually have their instant credit lines secured by bitcoin. And we see hundreds and hundreds of people joining the space on a daily basis.Julianna Tatelbaum:Based on that view, you’ve obviously highlighted the positives of Bitcoin in those big institutions that are becoming involved. Would you say that the concerns or the doubters out there around cryptocurrencies are those concerns exaggerated?Antoni Trenchev:Well, you know, bitcoin has been pronounced close to 300 times to be dead. And it has a risen from the ashes yet and yet again.So I think the doubters are having a really hard time here, continuing their cause.Geoff Cutmore:One of the interesting road to travel down I think is, is to look at what Libra is not of what a bitcoin is or vice versa. Because one of the issues around Bitcoin, and I think the confidence that people have lacked is just the fact that a lot of the transactions involving bitcoin have taken place in darker areas of the Internet. And it’s been perceived as a currency that’s been involved in transactions related to drugs and guns and so on and so forth. The thing about Libra is everything that happens with Libra is clearly documented and visible here. I wonder if you could just spend a moment because you’re the expert. I’m not, you’re the one that runs the cryptocurrency lending business. Can you just explore that for us and perhaps explain why, even though I understand the institutional acceptance argument and why that might be helping BTC right now, the reality is that Libra and bitcoin are different animals.Antoni Trenchev:Absolutely. They’re very different and I think both have their pluses and minuses. Obviously, what you said about Bitcoin, that was true, especially in the beginning and the very, very early years of bitcoin where it was all about Silkroad and the dark web.And I think we moved on from that. But even so, you know, the number one choice of the money launderers and the criminals of the world in terms of currencies is the US dollar, hands down. The laundering of illicit proceeds are a multiple of the entire market cap of cryptocurrencies.But I think the beauty of Bitcoin is the fact that it’s truly decentralized and that makes it censorship resistant. It makes it permissionless and you cannot print that at will. And if you are looking for reasons why it is appreciating in value I think is based on these fundamentals.Now Libra, on the other hand, is quite a different creature as you said because it’s going to be much more stable. It’s backed by a basket of currencies. I was actually a bit sad that it’s not including bitcoin and gold in the mix. That would have made a lot of people happy in the industry, but nevertheless, it could be a means of payment. Bitcoin is not going to be anytime soon. You’re not buying your Starbuck cup with something that tomorrow might be worth 10x or 20x in a year. So Libra is a very different breed. It has the potential to become what we believed early on bitcoin will be and is this means of social inclusion and mass adoption for the underbanked.Geoff Cutmore:Let me ask you, I mean if I’m in that camp where I am worried about the future and I want to own something that is non-correlated and maybe I’ve looked at a cryptocurrency, why would I buy bitcoin rather than buying gold right now?Antoni Trenchev:You should buy both — at least that’s what I’m doing. But they have different merits. Bitcoin is permissionless just like gold, but it’s much faster to transact with. It occurs at a fraction of the cost and it has been the best performing asset of the past decade, even with the bear market of 2018, which saw declines of 70, 80%.Geoff Cutmore:Can I just ask you about your business specifically? And about the outlook for Nexo this stage. What plans do you have to expand this operation going forward?Antoni Trenchev:We’re very happy where we are today. We’re seeing unprecedented levels of demand for our credit lines. We are developing a Nexo card, which is going to redefine the way people spend the value of their crypto without actually selling it.We are looking to acquire commercial banking capabilities and we are just so excited to be onboarding Libra and also to be joining the Libra Alliance.Julianna Tatelbaum:Perhaps linking it to what we’ve been discussing for months on the show or trade restrictions and sanctions. Can bitcoin and cryptocurrencies be used to circumvent trade restrictions?Antoni Trenchev:Yes, they could. I think they are also being used, but that is a fraction of the total market cap. I think cryptocurrencies as a whole have legitimate purposes and use-cases and that is what they are being used predominantly for. The whole narrative about illicit activity should they push aside and we should focus on the positives. They’re that much more than the negatives.CNBC Interviews Nexo’s Antoni Trenchev on Bitcoin Surge and Nexo Plans was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 06. 27

Buy NEXO Tokens Fast, Secur...

How to Buy NEXO Tokens Fast, Secure and Private on LocalCoinSwapWhen thinking of buying NEXO Tokens, most people immediately think of order books, candles, and complicated charts, but there is actually an easier and more intuitive way to buy NEXO Tokens; a way that is fast, secure and 100% private.Introducing LocalCoinSwap P2P exchange, the world’s first community-owned, peer-to-peer (P2P) exchange, which allows investors from around the globe to have the amazing opportunity to participate in the financial success story of the dominant player in the crypto lending space. Nexo has processed $500M+ in just 12 months across 200+ jurisdictions and in 45+ fiat currencies for a rapidly growing user base that exceeds 200,000.Getting Your Instant Nexo Loan in Three Easy Steps in 200+ jurisdictions and 45+ currenciesWhat is P2P trading?P2P trading is when two people interact directly with each other to buy or sell cryptocurrency. In this form of trading, buyers and sellers sign up to a website and post advertisements similar to buying and selling on eBay or Craigslist. Each advertisement specifies what crypto asset the buyer wants to buy, the price she is willing to pay, the payment method she is willing to use, and the location where they want to trade.Some traders prefer P2P exchanges, such as LocalCoinSwap, over centralized exchanges as they offer personalised trades, a wide variety of payment methods, and exceptional privacy. Others use P2P exchanges in case their governments have restricted access to centralized exchanges or in case they do not have bank accounts or the identification to complete invasive KYC procedures.On LocalCoinSwap you can buy NEXO Tokens with over 250+ payment methods including cash, local bank transfer, debit or credit card, TransferWise and even gift cards from Amazon and iTunes!LocalCoinSwap also has the largest currency portfolio of any exchange in the world with over 160+ fiat pairs and is available in over 190+ countries worldwide, making LocalCoinSwap one of the most inclusive and accessible P2P marketplaces in the world.Listen to the interview with Nathan Worsley, the CTO of LocalCoinSwap on the “Borderless Crypto” podcast, where he elaborates on what sets LocalCoinSwap apart from centralized exchanges.Episode 6: Nathan Worsley, CTO of LocalCoinSwap - Borderless Crypto PodcastThe benefits of buying NEXO Tokens P2P on LocalCoinSwap include:A Global Marketplace — trade with local, domestic or even international counterparties.Anonymous — no ID is required to start buying or selling NEXO on LocalCoinSwap which means more people can take part.Increased Security — LocalCoinSwap stores 95% of its cryptocurrency in cold storage to ensure your funds are secure.250+ Different Payment Methods — cash in hand, bank transfer, debit card, credit card, Paypal, and you can even use gift cards like Amazon or iTunes, just to name a few. You can view a full list of all of our payment methods on LocalCoinSwap’s website as this list continues to grow.No Withdrawal or Deposit Limits — LocalCoinSwap gives you the freedom to cash-in or cash-out as much as you need.To find out more about how to buy NEXO Tokens on LocalCoinSwap, take a look through our quick guide below.How to Buy Nexo Tokens on LocalCoinSwap P2P Exchange:Register or Log in to your LocalCoinSwap accountSearch for AdvertisementsOpen a TradePay the SellerMark Payment CompleteSTEP 1: Register or Log into your accountRegistering an account on LocalCoinSwap is quick and easy. There are no lengthy ID verification requirements to sign up. As an added bonus, you will also receive a free and secure digital wallet for storing your NEXO Tokens.If you already have a LocalCoinSwap account, you can login to get started.STEP 2: Search for AdvertisementsGo to the LocalCoinSwap homepage and use the search filters at the top of the page to find NEXO advertisements available in your location. You can search via buy/sell, cryptocurrency, fiat currency, payment method, location, or a combination of each. Next, choose a buy advertisement that suits your trading terms and tap the “BUY” button to view the detailed advertisement.If there are no trades that suit your preferred payment method or trading conditions, you can post your own trade advertisement to buy NEXO Tokens.STEP 3: Open a TradeWhen you click through to the full advertisement, you will see more details such as price, trade limits, seller statistics, and terms and conditions of trade. If you are happy with the trade conditions, enter the amount that you want to buy in either fiat or cryptocurrency and tap the “Buy NEXO” button. The seller will receive a notification that you want to buy their NEXO Tokens and will accept your trade to continue.STEP 4: Pay the SellerOnce you receive a notification that the seller has accepted your trade, you then need to pay them via the payment method that was agreed in the advertisement. You can send a message to the seller via the chat box on the platform to complete the trade and request their payment details. Use this opportunity to ask any questions that you may also have.IMPORTANT: Never go outside of the LocalCoinSwap platform to complete your NEXO trade. You must always complete the trade within the LocalCoinSwap website so that you are safeguarded and protected by the LocalCoinSwap escrow process. By staying on the platform you will also be protected by LocalCoinSwap’s 24/7 dispute resolution with a worldwide customer service team.STEP 5: Mark Payment CompleteDuring this period, the seller’s NEXO Tokens are held in Secure Escrow Protection on the platform. Once you have paid the seller, you need to tap the ‘I have paid to username’ button, to let the seller know that payment has been made and is complete. Next, the seller can verify that they have received your payment and your NEXO Tokens will be released from Secure Escrow Protection and will be available instantly in your LocalCoinSwap platform wallet.That’s it. You have now bought your first NEXO Tokens peer-to-peer (P2P) on LocalCoinSwap.Join us on LocalCoinSwap today and get started making money buying and selling Bitcoin both locally within your community and worldwide with established OTC cryptocurrency brokers!Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Question? Visit your Help Center.Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefBuy NEXO Tokens Fast, Secure and Private on LocalCoinSwap was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 06. 03

Misconceptions about Nexo a...

We hope the current Crypto Spring finds you in good spirits and health so that you can profit from these most dynamic and exciting times for the blockchain space.Key Takeaways:Nexo is the market leader in the crypto lending space and all our efforts are dedicated to ensuring that this continues to be the case going forward.The essence of Nexo’s business model is unchanged and we are actively exploring new avenues to maximize token utility and investor value on our way to becoming a multi-billion dollar financial institution.Despite unforeseen delays not dependent on Nexo, the Nexo Card is launching in Europe first. We are hard at work to expand card deliveries to our clients in other countries across the globe.The promised new lower loan minimum of $100, new collateral options and referral program have been IT-ready for months but their deployment has been on hold while we secure additional funding. This has been done to meet the enormous loan demand that will inevitably result from introducing them.With the next update in June the mobile app will become available for iOS and Android, while TRON will be onboarded as a new collateral option.In June, we will announce the ex-dividend date for the next Nexo Dividend.As ever, the entire Team is going the extra mile so that Nexo continues to be the undisputed market leader in the crypto lending space while delivering new features, functionalities and new opportunities to further enhance the Nexo product offering and to maximize value for the NEXO Token holders.Building one of the most sophisticated and profitable companies in the blockchain space, and dedicating all our resources and mental capacity to that cause, has unfortunately come at the price of temporary neglecting the communication with the Nexo community which we are now seeking to remedy.For too long have we ignored the malicious spreading of misinformation about Nexo and the NEXO Token — an income-generating digital asset with significant growth potential. This “FUD” has, in turn, affected both the Token price and the Nexo community.With the clear understanding that “you can please some of the people all of the time, you can please all of the people some of the time, but you can’t please all of the people all of the time”, we would like now to address the misconceptions that are circulating.Consistency of the NEXO Token TermsThere has been some speculation that the Token Terms have been amended. A look at them on the website clearly shows that this is not the case. All essential features, like the 30% profit-sharing and the Nexo Dividends are still very well part of our tokenomics.While there are no major deviations from the initially set terms, changes are, of course, sometimes needed in order to adapt to new circumstances and changing business and regulatory realities. An example would be the introduction of the Loyalty Dividend which was not included in the initial Token Terms but was added later on — a move hugely appreciated by the community.Good management of a company and our obligation to investors require us to remain flexible and precisely out of this necessity have we worded the disclaimers of all offering documents the way we did. This includes the Token Terms so that we can make these adjustments when needed. This is standard practice and many companies such as Binance have done it.Should Nexo ever feel the need to fundamentally review its model, we will communicate it well in advance, as we have always done in the past. We are all in this together and the Nexo Team and Management is here for the long run. We are committed to building a multi-billion dollar company and everyone at Nexo stands with their reputations which have been asserting for over 10 years of FinTech success.Updates on the Nexo CardThe launch of the Nexo Card is taking longer than expected for reasons outlined below. Those are issues that unfortunately Nexo has no control over. We have been fully committed to adjusting to the new market and regulatory realities and we will all reap the fruits of these efforts very soon.Here are some of the basics of how card programs work so as to provide clarity:The issuers of Visa and MasterCard do not offer international card programs, meaning that companies looking to start issuing cards are required to apply for and create separate card programs in different countries and continents. These have completely different card issuers with diverse and very lengthy processes.To complicate things further, Visa and MasterCard have very strict policies on who can get approved for a card program, and are especially conservative for businesses involving crypto assets in their model. The rules have changed dramatically adding new requirements, especially since Visa stopped most of the crypto cards.Suffice it to say, we did get approvals but we also got subjected to additional due diligence processes and/or have been asked to make adjustments in the model for certain jurisdictions, which slowed us down. Even receiving any feedback can sometimes take 6–9 months.Therefore, the Nexo Card will not be immediately available internationally. Тhe Nexo Card may be on the MasterCard in some jurisdictions while being on Visa and other networks in others. What we did when experiencing setbacks was to appeal; look for new card issuers; find ways to adjust the model for the given jurisdiction, etc. — everything to launch the Nexo Card as soon as possible and in as many jurisdictions as possible.The Nexo Card will first become available in Europe with more parts of the world following suit.$100 Loan Minimum and New Collateral OptionsIssuing our first credit line a year ago, we had a minimum loan requirement of $5000, which has gradually been decreased to just $500 — something unique in the lending space to this day. We are certainly looking to be even more inclusive and to lower the minimum loan further.The reason why a lender imposes a minimum loan amount in the first place is because of the number of registrations, verifications, loans, repayments or support tickets it can physically handle without compromising the user experience. It is also connected to the costs associated with each loan.Nexo has been able to service loans as low as $500 in 45+ fiat currencies to our community of over 200,000 users is because of Nexo’s 10+ years of experience in online lending automation.There are two main reasons why we have not yet lowered the minimum amount even further and why we are not adding more collateral options yet (albeit being IT-ready for a long time):Nexo does not charge its users any bank transfer fees and we would like to keep it that way. Precisely the same way we do not like charging our users with loan origination fees and/or liquidation fees like some competing companies do. While a lower minimum loan amount helps Nexo to become more inclusive and to significantly increase its user base, the bank transfers costs associated with tens of thousands of small loan transactions add up to a substantial amount for Nexo and currently, our banking and payment institution partners around the world are not willing to lower their fees. We are still negotiating these charges in our effort to bring them down while also talking to new payment providers to potentially find cheaper payment distribution channels.Lowering the loan minimum to $100 or aggressively adding more collateral options would further increase the demand side which we might not be yet ready to back with enough financing. This is true also for the upcoming affiliate program. Since launching the platform a year ago, the demand for the Nexo Instant Credit Lines™ has been phenomenal, despite a ravaging bear market. But even though our corporate finance team is constantly raising additional financing, at times Nexo just cannot keep up with the ever-growing demand.As you might know, we have first turned to our customer base for additional financing, adding the “Earn Interest” Product which allows the community to earn 6.5% annual interest on stablecoins and EUR — a fully flexible account with no lock-up periods and no fees. This is part of our effort to raise more financing while giving back to the community by letting them share the success story of Nexo in yet another way.For the reasons above, we have made the conscious decision to postpone the further lowering of the loan minimum and to slow down the onboarding of new collateral options to match the pace at which we are able to secure additional financing.What we can disclose at this stage is that the latest voting results from Nexo’s ongoing community survey are unambiguous, and so TRON is the cryptocurrency to be onboarded in June.We are positive that we will be able to present you with exciting news and opportunities in the near future which will culminate in Nexo becoming “NexoBank”.Engaging with the CommunityNexo has always engaged in a constructive dialogue with anyone raising valid concerns.Of course, there have been deviations from our initially communicated roadmap and delays have occurred which has frustrated members of our community. But in most cases because of issues that Nexo has no direct control over.Delays are not uncommon for startups, but also for established companies in any line of business — otherwise, Elon Musk would have colonized Mars long ago. Or Richard Branson’s early backers would have had their long-postponed IPO.After initial efforts to reason with the people spreading misconceptions and “FUD” and to explain the flaws in their statements and logic, Nexo has, of course, started taking actions to limit the spreading of detrimental and false statements on its official channels which is part of our fiduciary duty to our investors.We are constantly working on creating a healthy space and it is up to the community and the market to decide whether or not we are succeeding.Please refer to the plethora of positive testimonials about Nexo that are publicly available.The Next Nexo DividendAs all of you are aware, dividend-paying companies generally distribute dividends once a year. From the onset of Nexo, we have communicated our determination to introduce more frequent distributions.In June, we are going to announce the ex-dividend date for the next Nexo Dividend.Please make sure you read this article:Nexo Dividends ExplainedConclusionWhile we appreciate any constructive criticism and try to constantly better ourselves, ultimately those who are not satisfied with their investment with NEXO have multiple opportunities with enough liquidity to exit their positions and move on.All of us are in all of this together and the interests of Nexo, as a company, and its management are perfectly aligned with those of the NEXO Token holders — in regards to the business, in regards to the performance of the token, and the overall development of the enterprise.Amazing things are coming with the Nexo Card launching in Europe, the Nexo mobile app, the new collateral options starting with TRON and the second Nexo Dividend payout.With the tokenization of the world, Nexo is in a perfect position with its leading automated lending infrastructure to capitalize on the widespread adoption that established behemoths of the financial world such as JP Morgan, Fidelity, the Yale Endowment fund and Facebook will ensure. The total addressable market for Nexo’s products thus rises to the trillions and we are happy to have you in for the ride!Thank you for your trust!Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Question? Visit your Help Center.Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefMisconceptions about Nexo and an Outlook on Dividends and Beyond was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 05. 28

Nexo Partners With BetProto...

Nexo Partners With BetProtocol to Provide Instant Crypto Credit Lines to Betting OperatorsWe are excited to announce that the Nexo platform will be fully integrated with BetProtocol. This will enable every betting operator in the BetProtocol ecosystem to get liquidity in 45+ fiat currencies without needing to cash out crypto.This is a crucial feature because betting operators have to make payments in fiat in order to get licenses, activate marketing campaigns and pay to non-crypto suppliers. Many have big cryptocurrencies holdings but don’t want to risk losing leverage or possible gains, so having Nexo as a loan provider is the ideal solution.In addition, many countries see the sale of cryptocurrencies as a taxable event, triggering capital gains or other taxes. By taking out a loan with Nexo using crypto as collateral, no taxable event is triggered.This partnership means that all BetProtocol betting operators will be able to get a Nexo loan directly from BetProtocol’s operator dashboard. The seamless integration is scheduled for Q4.Currently, BetProtocol is providing technology to operators that manage platforms with more than $100M in monthly betting volume. Games being provided include dice, double dice, roulette and others. In Q4 2019 and 2020 new games will be provided, including poker rooms, table card games, and Esports betting.About NexoNexo is the most advanced and trusted instant crypto lending provider on a global scale. It is the only blockchain company to provide its services in 45+ fiat currencies and more than 200 jurisdictions. Nexo gives digital asset holders the best of both worlds — instant access to cash and retaining ownership of their assets.Nexo has already processed $500,000,000+ for its rapidly growing user base that exceeds 200,000. All funds on the Nexo’s platform are secured by leading audited custodian BitGo and the insurance leader Lloyd’s of London with $100M insurance for custodial crypto assets.The company’s global operations are powered by the profound lending experience of Credissimo, a leading FinTech Group serving millions of people across Europe for over 10 years.About BetProtocolBetProtocol enables entrepreneurs and developers to create betting platforms in minutes. No coding required. Thanks to BetProtocol’s blockchain technology, these platforms are secure, scalable and regulated. Its vision is to enable anyone in the world to dream of being a betting platform owner one morning, and actually be one that same day.Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Question? Visit your Help Center.Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefNexo Partners With BetProtocol to Provide Loans to Betting Operators was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 05. 09

Refinance Your CDP at 8% wi...

Nexo, as the world’s only instant crypto credit lines provider to service 200+ jurisdictions and in 45+ fiat currencies, closely follows developments in the decentralized finance (DeFi) space. A central role in this dynamic and exciting part of the crypto industry has been taken by our partners at MakerDAO, creators of the DAI stablecoin.The Reason For the Increase of the Stability FeeAfter a series of stability fee hikes, the interest rate for Collateralized Debt Positions (CDP) from MakerDAO currently stands at 19.5% per year. The interest rate increases are aconcentrated effort to restore the intended DAI peg to $1 US dollar by incentivizing the users who have opened CDPs to buy DAI on the open market and repay their obligations thus pushing the price of DAI up to the intended dollar rate.According to Grapefruit Trading’s analisys the mechanics of interest rate increases are inefficient in restoring the peg as CDP’s must be closed strictly by their owners. Despite the steep increases in the stability fee, owners might avoid closing their CDP because they are:Not able to do so. Closing their CDP requires enough free capital to purchase DAI on the open market. Furthermore, users who have spent the loan proceeds in the real world face additional friction as getting fiat money in-and-out of the system remains a challenge due to limited liquidity and big spreads and transaction costs even on reputable exchanges.Not willing to close their CDP. Retaining the collateral and its potential upside still outweighs the high interest rate.Avoiding Liquidation and Lower Your Interest RateNexo has already been approached by dozens of clients to help them refinance at a lower rate. It is Nexo’s intention to address the above issues and meet the specific needs of both types of users by offering CDP holders the option to refinance their obligations at a fixed interest rate as low as 8%.The users who chose to refinance or close their CDP through Nexo will enjoy the following advantages:Insurance on custodial assets of $100M provided by BitGo and Llyod’s of LondonPredictable fixed interest rates starting from 8% and with a clear cap.No liquidation fees. No additional charges. No installments.Lower liquidation threshold — 120% of the outstanding loanPartial loan rebalancing instead of a full liquidationBank/stablecoin transfers can be used for repayments as well as collateral salesWe have designed a fast and simple process to ensure a seamless easy transition and refinancing on the Nexo platform.Refinance your CDP in 3 simple steps:Bruce has a CDP with 10 ETH collateral worth 2,000$ and 1,000 DAI debt.Bruce requests a refinance of his CDP at cdp@nexo.io and creates an account on the Nexo PlatformNexo funds 10 ETH (worth 2,000$) to Bruce’s Nexo account, which are pledged as collateralBruce transfers the ownership of his CDP to Nexo. Nexo buys 1,000 DAI at 0.99$ on the open market and pays 5$ in gas fees for unwinding the CDP.Bruce now has an outstanding loan on the Nexo platform of 995$, secured by 10 ETH, worth 2,000$.In order to be able to refinance with Nexo, your CDP should have a minimum outstanding debt of 5000$ and at least 200% collateral.Benefiting All StakeholdersBy simplifying the closure and refinancing of CDPs without any additional fees Nexo helps:Users refinance at a fixed, lower interest rate as well as lower liquidation thresholdsMakeDAO to more efficiently manage the DAI exchange rate towards the intended peg by reducing friction for users who want to close their CDPThe DeFi ecosystem convince users they no longer need to look beyond the blockchain space to meet their financial needsNexo is thrilled to contribute the Defi ecosystem as a whole and will continue to look for collaboration opportunities with other projects in the space that will help revolutionize financial services and create noticeable value for the crypto industry’s early adopters.Apply for refinancing by writing us an email at cdp@nexo.ioDo check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Question? Visit your Help Center.Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefRefinance Your CDP at 8% with Nexo was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 05. 09

Nexo’s Managing Partner Ant...

Nexo’s Antoni Trenchev had the pleasure to sit down with Bloomberg’s Caroline Hyde and Romaine Bostick and discuss the state of the blockchain space and why Wall Street finds Nexo extremely interesting as a means of generating superior returns in the current low interest rate environment.Here are the key takeaways:Tether cannot bring down crypto, as the space has matured enough and serious blockchain companies are providing versatile and useful product.Institutions like Fidelity, the Yale Endowment Fund, JP Morgan and more are showing a clear interest in blockchain, indicating recognition for the benefits of this pivotal technology that will improve the lives of hundreds of millions of people.In the extremely low-rate environment created by the Fed and the ECB, Nexo’s proposition of 6.5% annual returns is incredibly attractive to both the retail and financial institutions.Governments should provide clear and business-friendly rules so that entrepreneurs can innovative, companies can build and humanity can prosper.The tokenization of the world and crypto mortgages are important trends that will see crypto-wealth intertwine with real-life assets like stocks, bonds, commodities, fine art and real-estate. The world’s first crypto-mortgage with Brock Pierce is just lifting the curtain of that is coming next.Nexo is about to cross the $500 million mark in terms of funds processed on the platform which shows the enormous interest in the services of the world’s most advanced crypto lender.You can watch the full video or read the transcript below:https://medium.com/media/d8130c3fa5a1955ea939310c4ac15306/hrefCaroline Hyde: Talk to us about, first of all, the Tether element. Is this a crypto that you take in some way? Is this something that you lend against? Is it one that you actually believe in as a so-called stablecoin?Antoni Trenchev: We work with Tether a lot in terms of both extending loans in Tether, as well as paying interest on it, as one of the ways to scale the operation and to provide finances. But actually what we have been seeing today is something that has been going around for quite a while. These are not the first allegations and I’m quite pleasantly surprised how the markets are taking that in.Bitcoin being down 5 percent on a day — that’s the equivalent of the Dow Jones being flat on a day. Crypto is that volatile. And I think that’s for two reasons. First of all, there are a lot of great other alternatives already as the space matures and then companies are finding responsible ways of dealing with that. With us, with Nexo, for instance, for the interest that we’re paying on Tether comes with a conversion protection guarantee. So as soon as you give us the Tether, we sell less it for dollars and we own your dollars and you know the clients have been super happy especially with what’s happening today.Romaine Bostick: Do you think that some of the criticism that we’ve heard about Tether or at least the way people are using Tether that that’s a little bit overblown?Antoni Trenchev: Well, who’s to say. I mean that’s for the attorney general and the prosecutors to examine and they should! If there was a criminal activity, not following fiduciary obligations, they should definitely look into that. And, you know, the space needs this clearing and cleaning up, so to speak. That’s the way that the institutions will come in and that’s how the wide adoption will come in.We already see that we know with Fidelity coming and providing custodial services, the Yale Endowment Fund. I’m super excited about that, I’m actually here, apart from a sit down with you guys, to take some meetings with the hedge funds and family offices in New York and they’re super excited with the overall space and what Nexo has to offer.I want to actually take a moment to thank the Federal Reserve and the ECB. This extremely low rate environment we have been in for a couple of years makes more valuable the proposition that we bring into the financial sector.Caroline Hyde: OK. So at the moment what your business does is takes people’s crypto and gives them money to be able to not sell raffle their crypto to not have a taxable event, but being able to take money and use it to buy houses and buy assets with it. I’m interested in the so-called maturing of the space in general because many think that the lending space that you’re in is in some way a Wild West. It’s not regulated. Does it need to be regulated to get more institutional players in?Antoni Trenchev: Yes, my background is I studied law. I’ve been in Parliament, passing legislation. We have been in FinTech for more than 10 years so I am about clear rules, regulation. But that needs to be concise, business-friendly so that entrepreneurs in the space can develop beautiful and useful products. So definitely that is something that we would like to see and that is needed for the maturing of the space.And right now, we already have processed or at about the mark of around 500 million dollars on the platform. It is gaining traction. What we do, as you pointed out, is we lend out against crypto assets and this is actually the best of both worlds because the mentality of the people is that they don’t want to sell. They want to keep and they occasionally need access to liquidity. And for instance one of the more interesting deals that we executed recently was a crypto mortgage with child Actor Brock Pierce. Mighty Ducks, might ring a bell.Romaine Bostick: I am old enough to remember that.Caroline Hyde: Me too. I am, I am.Antoni Trenchev: He holds 95% of his wealth in crypto and he hates selling any of it. And he wanted to buy a chapel, a home in Amsterdam and he borrowed from us to do precisely that, without selling a single bitcoin.Romaine Bostick: I’m sort of fascinated by that though. I mean anyone who’s bought a house. I mean you know that when you take out a mortgage there’s sort of that interest rate risk from the time you get your quote from the lender and the time you actually close. I mean it could be a long time and in certain markets, it could drag on. When you put something like crypto something that’s so volatile and tie it to that what is protection like how am I going to be protected and know that what I sort of originally bid on is going to be the same?Antoni Trenchev: Well, we have fixed rates and they don’t change we charge between 8% and a maximum of 16% per year which is nothing crazy, especially given that the collateral is bitcoin and other cryptocurrencies which are quite volatile. So that’s the certainty right there. And you said a long period of time of approval. With us it’s instant, everything with us is automated. You deposit your crypto and you get an instant credit line and you get your money next or same day and that’s what happened with Brock Pierce. We were able to close the deal within a day — 24 hours.Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Question? Visit your Help Center.Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefNexo’s Managing Partner Antoni Trenchev on Bloomberg was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 05. 06

NEXO/XRP Now Trading on Bit...

We are happy to announce that the NEXO Token can now be purchased directly with XRP for the first time ever, thanks to our partnership with Bitrue.Investors from around the globe now have the amazing opportunity to participate in the financial success story of the dominant player in the crypto lending space. Nexo has processed close to $500M+ in just 12 short months across 200+ jurisdictions and in 45+ fiat currencies for a rapidly growing user base that exceeds 180,000.Getting Your Instant Nexo Loan in Three Easy Steps in 200+ jurisdictions and 45+ currenciesAs the leading cryptocurrency exchange for the XRP community, Bitrue combines speed and security with interface simplicity — features that will be highly appreciated by the Nexo community.The NEXO Token comes with amazing utility features that unlock the full potential of Nexo, as staking NEXO Tokens as collateral or using them as a repayment option lowers the annual percentage rate (APR) to 8%. The NEXO Token is backed by the Nexo enterprise which is one of the very few proven profitable companies in the blockchain space.The company’s management and the entire team are dedicated to ensuring scaling of the operations and ever-increasing profitability of Nexo going forward. A few examples of what lies ahead are the upcoming Nexo Card and the bank acquisition which make Nexo better than any crypto wallet and bank account.One year in operations and Nexo has merely scratched the surface of what is yet to come!Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Question? Visit your Help Center.Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefNEXO/XRP Now Trading on Bitrue For the First Time Ever was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 05. 03

Earn 6.5% on EUR. High-Yiel...

We are thrilled to announce that Nexo now offers you the ability to earn risk-free compounding interest of 6.5% per year on you EUR, paid out daily. This is up to 130x what traditional banks offer you!Here Are Some of the Benefits:6.5% High-Yield Returns with Full FlexibilityEarn 6.5% interest per year which is significantly higher than traditional bank deposits and alternative investments. Nexo offers you full flexibility by allowing you to add and withdraw funds at any time.Risk-Free & Asset-Backed InvestmentYour funds are secured at all times by asset-backed portfolios of overcollateralized loans. The collateral of each loan is subject to custodial insurance of $100 million provided by the world’s leading audited custodian BitGo and the insurance leader Lloyd’s of London.Compounded Interest Paid out Daily. No Fees.The power of compounding ensures that every day a larger interest amount is credited into your account, letting you enjoy secure high-yield passive income without any fees or commissions.How It Works:Open Your Secure Personal or Business Nexo AccountTransfer EUR to Your Nexo AccountStart Earning High-Yielding Passive Income Risk-FreeNexo ‘Earn Interest’ vs. Traditional BanksNexo ‘Earn Interest’ vs. Alternative Lending PlatformsSee Testimonials of Some Instantly Happy Early Birds:body[data-twttr-rendered="true"] {background-color: transparent;}.twitter-tweet {margin: auto !important;}This is simply incredible @NexoFinance! 6.5% interest on EUR is unprecedented from a reputable company. I am depositing all my excess liquidity and gonna live off the interest! Talk about early retirement :) And gonna pick up some extra $NEXO Tokens. — @CryptoRotschildfunction notifyResize(height) {height = height ? height : document.documentElement.offsetHeight; var resized = false; if (window.donkey && donkey.resize) {donkey.resize(height); resized = true;}if (parent && parent._resizeIframe) {var obj = {iframe: window.frameElement, height: height}; parent._resizeIframe(obj); resized = true;}if (window.location && window.location.hash === "#amp=1" && window.parent && window.parent.postMessage) {window.parent.postMessage({sentinel: "amp", type: "embed-size", height: height}, "*");}if (window.webkit && window.webkit.messageHandlers && window.webkit.messageHandlers.resize) {window.webkit.messageHandlers.resize.postMessage(height); resized = true;}return resized;}twttr.events.bind('rendered', function (event) {notifyResize();}); twttr.events.bind('resize', function (event) {notifyResize();});if (parent && parent._resizeIframe) {var maxWidth = parseInt(window.frameElement.getAttribute("width")); if ( 500 < maxWidth) {window.frameElement.setAttribute("width", "500");}}body[data-twttr-rendered="true"] {background-color: transparent;}.twitter-tweet {margin: auto !important;}Let's wait for the official announcement, but super excited to see #EUR added to @NexoFinance platform. Nexo offers 6.5 % interest (APR) for EUR, paid out daily, withdraw any time. How about your bank? 👏 $NEXO — @crypto10kfunction notifyResize(height) {height = height ? height : document.documentElement.offsetHeight; var resized = false; if (window.donkey && donkey.resize) {donkey.resize(height); resized = true;}if (parent && parent._resizeIframe) {var obj = {iframe: window.frameElement, height: height}; parent._resizeIframe(obj); resized = true;}if (window.location && window.location.hash === "#amp=1" && window.parent && window.parent.postMessage) {window.parent.postMessage({sentinel: "amp", type: "embed-size", height: height}, "*");}if (window.webkit && window.webkit.messageHandlers && window.webkit.messageHandlers.resize) {window.webkit.messageHandlers.resize.postMessage(height); resized = true;}return resized;}twttr.events.bind('rendered', function (event) {notifyResize();}); twttr.events.bind('resize', function (event) {notifyResize();});if (parent && parent._resizeIframe) {var maxWidth = parseInt(window.frameElement.getAttribute("width")); if ( 500 < maxWidth) {window.frameElement.setAttribute("width", "500");}}body[data-twttr-rendered="true"] {background-color: transparent;}.twitter-tweet {margin: auto !important;}@NexoFinance Just notice the ability to deposit Euro to my account and year up to 6.5% interest per year, just like with Stablecoins. When are you going to write an article about this?It seems like an awesome alternative to any deposits at a normal bank. — @RaresSerbanfunction notifyResize(height) {height = height ? height : document.documentElement.offsetHeight; var resized = false; if (window.donkey && donkey.resize) {donkey.resize(height); resized = true;}if (parent && parent._resizeIframe) {var obj = {iframe: window.frameElement, height: height}; parent._resizeIframe(obj); resized = true;}if (window.location && window.location.hash === "#amp=1" && window.parent && window.parent.postMessage) {window.parent.postMessage({sentinel: "amp", type: "embed-size", height: height}, "*");}if (window.webkit && window.webkit.messageHandlers && window.webkit.messageHandlers.resize) {window.webkit.messageHandlers.resize.postMessage(height); resized = true;}return resized;}twttr.events.bind('rendered', function (event) {notifyResize();}); twttr.events.bind('resize', function (event) {notifyResize();});if (parent && parent._resizeIframe) {var maxWidth = parseInt(window.frameElement.getAttribute("width")); if ( 500 < maxWidth) {window.frameElement.setAttribute("width", "500");}}You can, of course, also earn 6.5% of compounding interest on your stablecoins — USDT, PAX, USDC, and TUSD. Check out the details:Earn up to 6.5% on DAI, PAX, USDC, Compounding Daily and Secured by Custodial InsuranceTell only your best friends !Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Question? Visit your Help Center.Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefEarn 6.5% on EUR. High-Yield Interest, 100% Risk-Free was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 04. 22

How To Ease Your Crypto Tax...

2018 saw a record volume of cryptocurrency trading across global markets. As tax time approaches, it would be wise to take heed of some sound concepts with regards to the tax situation for your crypto portfolio.Here are some pointers that can assist you with assessing crypto tax liabilities and in line with this statement during the now famous Helvering v. Gregory case which sums it up quite eloquently:RegulationIn response to the boom in cryptocurrency adoption among the global population, governments around the world are beginning to legislate.According to the Internal Revenue Service, virtual currency transactions are taxable by law in the United States. As a result, the IRS released a guidance FAQ (its first and only one to date) to answer questions regarding how tax principles apply to cryptocurrency transactions. As it stands, this one notice is considered the authority until new legislation is passed.Different countries around the world have different laws relating to the taxation of digital currency, so it is important to check your local laws. Many of these regulations, however, are similar in principle to what is currently in place in the US examples given here.Nexo and TokenTax prepared a comparative spreadsheet on how crypto is treated in the US, UK, Germany, Australia, Canada, Spain, South Africa, Japan, Switzerland, New Zealand, France, and Portugal.What Qualifies as Cryptocurrency?According to the IRS document, for federal tax purposes, virtual currency is essentially treated as property, not currency. Under this definition, cryptocurrency includes anything that is considered a “convertible virtual currency,” meaning it has an equivalent value in real currency or acts as a substitute for real currency. While not all cryptocurrencies act this way, many do.Furthermore, “a taxpayer who receives virtual currency as payment for goods or services must, in computing gross income, include the fair market value of the virtual currency measured in U.S. dollars, as of the date that the virtual currency was received.”Realizing a GainAs a result of this, transactions using virtual currency must be reported in USD. If the value of the property (or currency) received has increased in value, the taxpayer has a taxable gain. What is more, cryptocurrency that is mined is also considered gross income.“Taxable events” are those instances where you commit to a specific action. In the case of cryptocurrency trading, these taxable events include:Trading cryptocurrency for fiat currency;Trading cryptocurrency for another cryptocurrency;Using cryptocurrency to purchase goods or services.In a nutshell: any exchange of crypto triggers a taxable event.If you have realized a gain, you will need to pay taxes on it. However, if you have taken a loss, you can potentially lower your tax bill. In the present crypto market climate, this may be the more likely scenario.Instances that are not considered taxable events include the donation of cryptocurrency as a gift, wallet to wallet transfers of cryptocurrency and simply buying crypto with fiat money.Tip 1: Keep Accurate Crypto Trading RecordsMajor exchanges, such as Coinbase, will only issue a tax form statement to exchange users who have realized gains in excess of $20,000 USD and been involved in at least 200 transactions.Multiple transactions over an entire financial year period can get very complicated in calculating the amount of tax owed. It is highly recommended to consult with crypto tax software companies such as TokenTax that can extract your trade data directly from exchanges and automatically calculate and create your tax documents.Another good piece of advice is to record your transactions in a log (if possible) without attempting to hide your trades. Failure to report may result in a penalty of up to $250,000.Tip 2: Offset Your Crypto Gains with Other Capital LossesIn many jurisdictions crypto tax gains are categorized under capital gains and losses. So are other investments you may have. And in case you incurred losses when trading stocks or when disposing of real estate, you can use these losses to offset the crypto gains you had during the same tax year. The MSCI world index returned -10.44% in 2018, so it’s very likely that you could have losses in your stock investments that can be used to offset your crypto capital gains.Tip 3: Save on Taxes by Accounting for Your Losses and Interest Rate Payments With Crypto Tax Loss HarvestingCrypto tax loss harvesting is a legal method allowing you to minimize your taxes. The strategy is to liquidate your trading positions based on the loss of the position. In many countries, you can use these losses to offset a portion of your ordinary taxable income. In order to employ this strategy, first you need to monitor your unrealized gains and losses, and then conduct trades that allow you to realize the gain/loss. The easiest way to do this is by using the TokenTax Tax Loss Harvesting Dashboard.Tip 4: HODL — the Billionaire’s ApproachEssentially, the simplest way to minimize your capital gains is to avoid triggering additional capital gains. If you have bought cryptocurrency but have not realized any gain, you do not need to report. This is the HODL advantage of long-term holdings and the very essence of what Nexo’s instant crypto credit lines are all about — letting crypto enthusiast borrow against their assets rather than selling. This is the best of both worlds — instant access to cash and HODLing for the long run.When an investor holds an asset for a year or less before they dispose of it, the sale triggers a short-term gain or loss. These short-term gains are taxed at the investor’s ordinary income tax rate of up to 39.6%.However, investments held longer than a year are considered long-term and taxed at a lower rate of less than 20%. In some countries, long term gains can be taxed as low as 0%.Different countries have different rules on crypto taxation. It’s imperative that you consult with a tax professional who can easily point you in the right direction but as a general rule of thumb, Nexo is here to help.Here is a simple three step guide to your Nexo credit line:Getting Your Instant Nexo Loan in Three Easy Steps in 200+ jurisdictions and 45+ currenciesAs the world’s most advanced lender and the only one to offer loans in 200+ jurisdictions and in over 40 fiat currencies, Nexo gives the community access to instant cash against their digital assets while retaining the upside potential benefits of their cryptocurrencies. And all this at an APR that starts at 8%.What if You Forgot to Report Your Crypto Trades Last Year?A lot of people were confused about crypto taxes last year, so many failed to report. In most countries, tax authorities can audit taxpayers for numerous years in the past, so it’s recommended to go back and fix this. Just go and calculate your tax liability for last year using a crypto tax tool like this one and file an amended tax return.Get Personalized Advice from Proficient Crypto AccountantsFinding a crypto tax accountant is not easy. There are thousands of CPAs and tax filing professionals in the United States, but very few understand this novel industry enough to guide you correctly. If you also consider that the IRS has not released clear guidelines around cryptocurrency tax rules, it can be quite difficult to find an accountant you can trust. If you have a CPA that does not understand the industry, the tools, and the projects, you may be out of luck. Check if accountants have invested or used crypto themselves. Crypto is so unique that you do not want to lean on someone who cannot relate to the asset class’s nuances.Luckily, the team at Nexo’s partners from TokenTax consists of crypto accountants that can file your crypto returns by addressing all the edge cases mentioned above. Their accountants are licensed in the United States and can also refer users to partner accountants in other jurisdictions.*Note: Nexo and its affiliates do not provide tax, legal or accounting advice and this information is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Question? Visit your Help Center.Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefHow To Ease Your Crypto Tax Burden* was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 04. 08

LTC Now Available for Nexo’...

At Nexo we believe in listening to the community so due to extremely popular demand in our ongoing poll — Litecoin (LTC) is now the newest collateral option for Nexo’s instant credit lines in addition to the existing options of BTC, ETH, XRP, BNB and NEXO.LTC is the fifth largest cryptocurrency and is amongst the most popular and fastest digital assets that have stood the test of time. Founded in 2011 by Charlie Lee, Litecoin is decentralized and permissionless money, enabling cost-efficient and privacy-focused, borderless payments to anyone, anytime, anywhere.The cryptocurrency has always focused on expanding the decentralized finance agenda as a means of social inclusion and generating financial freedom — two goals that align the endeavor with the mission of the Nexo enterprise.Nexo’s Managing Partners Georgi Shulev and Antoni Trenchev with LTC creator Charlie Lee on the Blockchain Cruise in 2018.Allowing LTC Holders to borrow against their assets rather than sell them when they need access to instant cash provides adds an incredibly powerful utility feature to LTC. It eases selling pressure and makes the HODLing LTC even easier for the long run. On top of that, Nexo’s instant credit lines are a powerful tool for creating tax-efficiency.Here’s How Nexo Might Help You with Your Tax Situation*As the world’s most advanced provider of instant credit lines, Nexo’s instant credit lines offer significant advantages:Clients funds are secured by leading audited custodian BitGo with $100M insurance for custodial crypto assetsMinimum amount of $500 and a maximum $2,000,000Automated and guaranteed approval with no credit checksInterest from 8% per year (APR) only on what you useNo installments, no minimum loan repaymentsSame/next day free local bank withdrawals$300M already processed for 170,000+ Nexo usersAvailable worldwide in 200+ jurisdictions45+ fiat currencies (USD, EUR, JPY, etc.)No hidden fees, no FX commissionsThe huge demand has prompted the team to initiate an “Earn Interest” product which allows investors from 200+ jurisdictions to earn up to 6.5% on their stablecoins — the highest rate offered in the industry.Earn up to 6.5% on DAI, PAX, USDC, Compounding Daily and Secured by Custodial InsuranceDo check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Question? Visit your Help Center.Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefLTC Now Available for Nexo’s Instant Credit Lines was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 03. 29

Diversification of Investme...

As the world’s most advanced and trusted crypto lender Nexo’s value proposition is to offer clients best practices from the traditional finance world adapted to the new realities of blockchain technology and decentralized finance.Following the ‘smart’ money has always been a particularly profitable investment strategy and is one of the many avenues Nexo gives clients so that they can diversify and leverage their portfolios.All it takes is for clients to receive an instant crypto credit line from Nexo without having to sell their digital holdings so that they can use funds be to spread across domains.For crypto enthusiasts investing in traditional equity markets, bonds, commodities and real estate is an efficient tool for maximizing returns and minimizing risk.This utility of the Nexo model of allowing effortless diversification across asset classes is of paramount importance. If there is one thing in common among magnates in the finance industry, it would be their penchant for diversification. Bridgewater’s Ray Dalio opts for diversifying as his favorite way to immunize his wealth from turbulence in the economic cycle. Investment titan Carl Icahn has amassed a fortune with his high-profile strategic moves based on across industry bets. And curiously enough, Warren Buffet is planning to bequeath his estate in low-cost ETFs as his way of ensuring diversification and superior returns.It all ultimately comes down to -“don’t put all your eggs into one basket.”This basic rule is something all investors should follow and with Nexo, investors can easily achieve this by investing their loan proceeds in a mix of fixed income products, commodities or stocks to achieve better and sustained results across extended periods of time. Life is a marathon after all.Strongly correlated portfolios move in the same direction, leading to severe losses when this particular asset class underperforms, so negatively correlated portfolio mix is preferable.The fast-moving environment of blockchain and crypto provides a completely new portfolio of financial products available for investment. Nexo is complementing those opportunities by offering cutting-edge solutions to establish well-balanced portfolio structures, by giving clients the means to invest the value of their digital assets in other asset classes while retaining the crypto as well.Diversification with Low CorrelationA study conducted by Cointelegraph found that cryptocurrencies have the ability to increase your average return on investment while lowering the standard deviation (risk level) of the portfolio. And if we were to take portfolio diversification to the next level, holding a basket of traditional securities alongside your basket of digital assets is likely to increase your average return and spread the risk even more effectively.According to a recent report by JP Morgan, cryptocurrency markets have a low correlation with traditional equity markets, and for this reason, could be an extremely useful tool for diversification for people who are invested in traditional assets only but also for crypto fans who can via loans from Nexo invest in traditional assets.Since the cryptocurrency markets share a low correlation coefficient with the traditional markets, the combination of traditional equities and cryptocurrencies is likely to mitigate some of the risks of your portfolio while increasing expected average return. And historically, this is exactly what has happened in the past 10 years since Bitcoin’s birth.Diversifying Through Nexo: The Best of Both WorldsThe Nexo community members have found the Nexo enterprise to be a great tool for diversifying their financial portfolios and spreading the risk over different asset classes.Users simply deposit their crypto on the Nexo platform as a collateral against Bitcoin (BTC), Ether (ETH), XRP, Nexo Tokens and the Binance Coin (BNB) and instantly get access to a crypto credit line which requires a minimum loan amount of $500 and goes up to $2,000,000 per client.Additionally, Nexo has recently become the only crypto lender to offer insurance on custodial assets for $100M through BitGo’s arrangement with Lloyd’s.All of these solid accomplishments have enabled Nexo to process more than $300,000,000, gaining the trust of a rapidly growing user base of 180,000+. The ‘Earn Interest’ product which gives the clients the opportunity to earn up to 6.5% in interest on their idle crypto assets was introduced as an instant way of scaling the enterprise. Nexo further made history on December 15th, 2018, when the first dividend payout gave close to $1M to the NEXO Token Holders.Here is a quick guide on how the most seamless lending experience works:Getting Your Instant Nexo Loan in Three Easy Steps in 200+ jurisdictions and 45+ currenciesDiversify your portfolio today by getting an instant credit line from Nexo and maximize the growth of your assets!Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Question? Visit your Help Center.Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefDiversification of Investment Portfolios with Nexo was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 03. 28

Earn up to 6.5% on DAI, PAX...

Earn up to 6.5% on DAI, PAX, USDC, USDT and TUSD, Compounding Daily and Secured by Custodial InsuranceWith the rapid scaling of the Nexo enterprise and the huge demand for our instant crypto credit lines, we have already processed more than $300,000,000 in less than 7 months.A while ago, Nexo introduced the signature “Earn Interest” product which allows investors from 200+ jurisdictions to earn up to 6.5% on their stablecoins — the highest rate offered in the industry.We are happy to announce that we are adding DAI, USDC, and PAX to the already existing options of TUSD and USDT to offer the community attractive returns of up to 6.5% on their idle stablecoins.The new stablecoins on which clients can earn interest:DAIА USD-pegged ERC-20 coin, DAI is developed by MakerDAO, a provider of DeFi (decentralized finance) solutions and a partner of Nexo. Both MakerDao and Nexo are developing products to redefine the very essence of transparency and efficiency with regards to the financial sector in an increasingly decentralized and tokenizing world.USDC (USD//Coin)A fully collateralized US dollar ERC-20 stablecoin, USDC is the brainchild of CENTRE, an open source project bootstrapped by contributions from Goldman Sachs-backed Circle and Coinbase.The Nexo-CENTRE partnership dates back to 2018, with full integration of USDC to follow soon. Now the bond is immediately solidified by allowing USDC holders to earn up to 6.5% on their holdings.PAX (Paxos Standard Token)A stablecoin that aims to meld the stability of the dollar with blockchain technology, the PAX token provides significant liquidity that is prerequisite to achieving the ambitious goals set.PAX is developed by Paxos — a partner of Nexo in strengthening the peer-2-peer marketplace and providing instant liquidity on a global scale.USDT and TUSD have already been onboarded , please find the details here:Earn Interest and Protect Your Stablecoins with Nexo’s 1-to-1 Conversion GuaranteeThree Steps That Make Your Crypto Work for YouOpen your free and secure personal or business Nexo WalletNexo has a crypto custodian insurance policy of up to $100M, provided by BitGo and Lloyd’s of London. See the details here.Add crypto assets to your Nexo Wallet No minimum amount is required. Аs soon as the transaction is confirmed on the blockchain, you instantly start earning interest.Enjoy your high-yielding passive income as the increasing daily interest accumulates in your Nexo Wallet. The power of compounding ensures that every day a larger interest amount is credited into your account.That is all there is to it. Тhanks to our 10+ years of credit automation, Nexo provides an unsurpassed user experience, security of assets and financial returns.You can, of course, simultaneously utilize Nexo’s tax-efficient instant crypto credit lines to access cash without selling your crypto, as Nexo’s services perfectly compliment each other.Here are the three steps leading to your instant Nexo credit line:Getting Your Instant Nexo Loan in Three Easy Steps in 200+ jurisdictions and 45+ currenciesTell your best friends only!Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Question? Visit your Help Center.Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefEarn up to 6.5% on DAI, PAX, USDC, Compounding Daily and Secured by Custodial Insurance was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 03. 21

Financing with Crypto

Nexo is here to help you afford the necessities and luxuries that you were thinking about when contemplating to sell your crypto assets in order to finance them.Everybody has desires that they just do not have the cash on hand to acquire — maybe it is a dream home, maybe a dream car, maybe a dream vacation — and considering the current state of the cryptocurrency markets, it is perhaps not the wisest idea to sell off crypto-holdings to finance those dreams.At Nexo, we have developed an alternative to clearing your portfolio that provides HODLers with the funds to finance their aspirations while letting them retain full ownership of their digital assets.How Nexo helps your finances?Nexo allows its users to take out instant crypto credit lines within minutes of joining the platform.With over ten years in online consumer lending and e-commerce financing, Nexo is the most experienced among lenders in the cryptocurrency space and the only one that services tax-efficient instant crypto credit lines in more than 45 different fiat currencies and in 200+ jurisdictions.Here is a quick guide on how Nexo works:Getting Your Instant Nexo Loan in Three Easy Steps in 200+ jurisdictions and 45+ currenciesIndividuals simply make a deposit choosing from Bitcoin(BTC), Ether (ETH), XRP, NEXO Tokens and Binance Coin (BNB) as collateral and borrow against them. Тhe best part is that you retain full ownership of your digital assets throughout the lifespan of the credit line.Clients only need to pay interest on the amount they have actually withdrawn to their bank account or spend via their Nexo Credit Card. The annual percentage rate (APR) is just 8% if NEXO is staked as collateral or used as a repayment option.Alice’s Dream VacationFor the sake of clarity let us examine a use case — Alice has $10,000 worth of BTC but would really like to have fiat currency so that she can afford to pay for her dream vacation to Hawaii.Alice could sell her $10,000 worth of BTC for $10,000 at an exchange, however, Alice would no longer have BTC holdings if she goes that route. It is important to mention that Alice is a firm believer in the bright future of Bitcoin and crypto in general, and therefore, it is essential for her to have BTC in her portfolio.If Alice’s BTC increases in value from $10,000 to $20,000 in the weeks following her sale of the BTC, Alice would be losing out on a potential $10,000 that she could have had in her pocket (which would have easily allowed her to finance her dream vacation as well as retain BTC holdings in her portfolio!). In addition, Alice would have to pay capital gains tax on the crypto she sells. For an in-depth analysis as to how a Nexo instant credit line can help improve your tax situation, check out this post:Here’s How Nexo Might Help You with Your Tax Situation*Although an over the counter exchange, broker, or centralized exchange could put the $10,000 into her hands, considering Alice’s situation — that she needs fiat currency, but would like to continue holding BTC — Nexo is the better alternative. Not to mention, the Nexo platform allows Alice to save the money from capital gains tax since she no longer has to sell her crypto-holdings.Alice simply needs to login to her Nexo Wallet, deposit her $10,000 worth of BTC, and she will immediately have access to $5,000 that she is free to withdraw to her bank account or spend via her Nexo Credit Card. There are no minimum loan repayments or mandatory payment schedule. And no hidden fees.So let’s say Alice took a credit line out in the full amount — $5,000 — that was available to her, and she decides to repay her credit line in Nexo Tokens, so her interest rate is 8%.Alice would pay back $5,000 (original withdrawn amount) + $400 (8% interest on $5,000), for a total of $5,400.And if the price of the Bitcoin goes up to $20,000, she would experience capital gains of $20,000-$5,400=$14,600 minus $10,000 (because that was the amount she initially had). Alice has enjoyed capital gain of $4,600, while remaining the owner of her BTC and was able to leverage her crypto as collateral to afford her dream vacation.More Crypto-backed loans — fewer sacrificesAs you can see from this example, you don’t always have to make sacrifices to afford your dreams. Alice took that trip to Hawaii, kept her crypto portfolio, enjoyed the growth of her crypto portfolio, and managed to avoid paying capital gains tax because she decided to take a Nexo instant crypto-backed credit line opposed to selling her crypto.If Alice were to go the route of an exchange or OTC, sure she would have been able to finance her vacation (all the same), however, she would no longer have any exposure to BTC, would lose the crypto holdings that were dear to her considering her beliefs regarding the future outlook of the industry, and, she would have to pay capital gains tax since she sold her crypto-holdings.Speaking of enhancing your portfolio, Nexo has recently fulfilled one of its esteemed promises — on December 15th 2018, the then 7-month-old company paid out a dividend of $912,071.00 (30% of profits) to the Nexo Token holders. Delivering on these promises has allowed us to process more than $300,000,000 to a rapidly growing user base of +170,000, to develop the most seamless lending experience and with it the means for our clients to earn up to 6.5% in interest on their idle crypto assets.Nexo’s instant credit lines require minimum loan amount of $500 and go up to $2,000,000 per client. Better yet, the company has recently become the only crypto lender to offer insured custody for up to $100M with its long-standing partner BitGo and high-level protection of London-based insurance company Lloyd’s.Don’t sell your crypto, finance with Nexo!When money is on the line, it is not always easy to reach the desired outcomes, yet, remain financially comfortable. Precisely with that in mind did we develop the concept of Nexo.We put you in the comfort zone by extending you a credit line against your crypto and you retain the full ownership of your assets through the duration of the loan. Such trendsetting innovations allow individuals to afford and finance their necessities and dreams, yet, keep their exposure to the rapidly growing financial class of digital assets.Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefFinancing with Crypto was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 03. 19

Financing with Crypto

Nexo is here to help you afford the necessities and luxuries that you were thinking about when contemplating to sell your crypto assets in order to finance them.Everybody has desires that they just do not have the cash on hand to acquire — maybe it is a dream home, maybe a dream car, maybe a dream vacation — and considering the current state of the cryptocurrency markets, it is perhaps not the wisest idea to sell off crypto-holdings to finance those dreams.At Nexo, we have developed an alternative to clearing your portfolio that provides HODLers with the funds to finance their aspirations while letting them retain full ownership of their digital assets.How Nexo helps your finances?Nexo allows its users to take out instant crypto credit lines within minutes of joining the platform.With over ten years in online consumer lending and e-commerce financing, Nexo is the most experienced among lenders in the cryptocurrency space and the only one that services tax-efficient instant crypto credit lines in more than 45 different fiat currencies and in 200+ jurisdictions.Here is a quick guide on how Nexo works:Getting Your Instant Nexo Loan in Three Easy Steps in 200+ jurisdictions and 45+ currenciesIndividuals simply make a deposit choosing from Bitcoin(BTC), Ether (ETH), XRP, NEXO Tokens and Binance Coin (BNB) as collateral and borrow against them. Тhe best part is that you retain full ownership of your digital assets throughout the lifespan of the credit line.Clients only need to pay interest on the amount they have actually withdrawn to their bank account or spend via their Nexo Credit Card. The annual percentage rate (APR) is just 8% if NEXO is staked as collateral or used as a repayment option.Alice’s Dream VacationFor the sake of clarity let us examine a use case — Alice has $10,000 worth of BTC but would really like to have fiat currency so that she can afford to pay for her dream vacation to Hawaii.Alice could sell her $10,000 worth of BTC for $10,000 at an exchange, however, Alice would no longer have BTC holdings if she goes that route. It is important to mention that Alice is a firm believer in the bright future of Bitcoin and crypto in general, and therefore, it is essential for her to have BTC in her portfolio.If Alice’s BTC increases in value from $10,000 to $20,000 in the weeks following her sale of the BTC, Alice would be losing out on a potential $10,000 that she could have had in her pocket (which would have easily allowed her to finance her dream vacation as well as retain BTC holdings in her portfolio!). In addition, Alice would have to pay capital gains tax on the crypto she sells. For an in-depth analysis as to how a Nexo instant credit line can help improve your tax situation, check out this post:Here’s How Nexo Might Help You with Your Tax Situation*Although an over the counter exchange, broker, or centralized exchange could put the $10,000 into her hands, considering Alice’s situation — that she needs fiat currency, but would like to continue holding BTC — Nexo is the better alternative. Not to mention, the Nexo platform allows Alice to save the money from capital gains tax since she no longer has to sell her crypto-holdings.Alice simply needs to login to her Nexo Wallet, deposit her $10,000 worth of BTC, and she will immediately have access to $5,000 that she is free to withdraw to her bank account or spend via her Nexo Credit Card. There are no minimum loan repayments or mandatory payment schedule. And no hidden fees.So let’s say Alice took a credit line out in the full amount — $5,000 — that was available to her, and she decides to repay her credit line in Nexo Tokens, so her interest rate is 8%.Alice would pay back $5,000 (original withdrawn amount) + $400 (8% interest on $5,000), for a total of $5,400.And if the price of the Bitcoin goes up to $20,000, she would experience capital gains of $20,000-$5,400=$14,600 minus $10,000 (because that was the amount she initially had). Alice has enjoyed capital gain of $4,600, while remaining the owner of her BTC and was able to leverage her crypto as collateral to afford her dream vacation.More Crypto-backed loans — fewer sacrificesAs you can see from this example, you don’t always have to make sacrifices to afford your dreams. Alice took that trip to Hawaii, kept her crypto portfolio, enjoyed the growth of her crypto portfolio, and managed to avoid paying capital gains tax because she decided to take a Nexo instant crypto-backed credit line opposed to selling her crypto.If Alice were to go the route of an exchange or OTC, sure she would have been able to finance her vacation (all the same), however, she would no longer have any exposure to BTC, would lose the crypto holdings that were dear to her considering her beliefs regarding the future outlook of the industry, and, she would have to pay capital gains tax since she sold her crypto-holdings.Speaking of enhancing your portfolio, Nexo has recently fulfilled one of its esteemed promises — on December 15th 2018, the then 7-month-old company paid out a dividend of $912,071.00 (30% of profits) to the Nexo Token holders. Delivering on these promises has allowed us to process more than $300,000,000 to a rapidly growing user base of +170,000, to develop the most seamless lending experience and with it the means for our clients to earn up to 6.5% in interest on their idle crypto assets.Nexo’s instant credit lines require minimum loan amount of $500 and go up to $2,000,000 per client. Better yet, the company has recently become the only crypto lender to offer insured custody for up to $100M with its long-standing partner BitGo and high-level protection of London-based insurance company Lloyd’s.Don’t sell your crypto, finance with Nexo!When money is on the line, it is not always easy to reach the desired outcomes, yet, remain financially comfortable. Precisely with that in mind did we develop the concept of Nexo.We put you in the comfort zone by extending you a credit line against your crypto and you retain the full ownership of your assets through the duration of the loan. Such trendsetting innovations allow individuals to afford and finance their necessities and dreams, yet, keep their exposure to the rapidly growing financial class of digital assets.Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefFinancing with Crypto was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 03. 19

Nexo Is the Only Crypto Len...

Nexo’s Custodial Assets Now Insured for $100MAt Nexo, the safety of clients’ funds is our first priority. Recognition of this fact by the blockchain community has allowed Nexo to process more than $300,000,000 in just 7 months and develop the most enhanced and seamless lending experience but also the means for clients to earn up to 6.5% in interest on their idle crypto assets.Now, Nexo’s partners are pushing the boundaries of innovation yet again by providing the industry’s first insurance for custodial assets and Nexo’s clients will benefit from that.Executive Summary:Nexo is the only crypto lender and ‘Earn Interest’ product provider that stores client’s assets with an insured qualified custodian at no extra cost.The insurance policy covers losses of up to $100M and is provided by BitGo’s arrangement with Lloyd’s.Nexo deploys state-of-the-art security, including 24/7 fraud monitoring and customer support, as well as Cryptocurrency Security Standard Level 3, among other measures, to ensure the ultimate safety of clients’ funds.Who Provides the Insurance for the Funds of Nexo’s Clients?Cold storage Nexo Wallets are provided by the leader in multi-signature encryption technology BitGo. These custodial assets are covered for up to $100,000,000.00 by the London-based insurance company Lloyd’s with its syndicate of underwriters which act under its umbrella. And this premium service comes in at no additional cost.Nexo and BitGo have a long-standing partnership. As a result, BitGo provided immediate support for the NEXO Tokens and has ensured safe custody to clients since day 1 of Nexo’s operations.Nexo Teams up with Qualified Custodian BitGo to Ensure Security of Clients’ Crypto AssetsWith regards to the new insurance product, Mike Belshe, CEO at BitGo, commented:“This is the most complete insurance offering in the industry. (…) Transparency and accuracy is essential for building trust in the market.”To facilitate this incredibly powerful protection, Lloyd’s of London’s, a company that has stood the test of time, being in operation since 1686, is leading a syndicate of 10 underwriters to yet again excel in the innovative domain of digital assets by bringing in stability that attracts large scale institutional investments. As CEO Inga Beale puts it:“Lloyd’s capital position is at its strongest ever with net resources totalling £29.0bn (…) and Lloyd’s strong and secure financial position is underscored by our excellent ratings which were recently reaffirmed at A (Excellent) from A.M. Best, A+ (Strong) from Standard & Poor’s and AA- (Very Strong) from Fitch.“With centuries-long expertise, solid financials and unrivaled expertise by the parties involved in both the insurance process and crypto assets in general, clients are guaranteed peace of mind.What is Covered by the Insurance Policy?Custodial crypto assets are insured against commercial crime. In the unlikely event that Nexo’s custodian should suffer a security breach, insurance procedures are triggered so as to compensate any losses resulting from physical and/or cybersecurity breach, and/or employee theft.Additional Insurance SolutionsIn an effort to diversify risks, Nexo is constantly on the lookout for new insurance mechanisms, products and product providers, in order to widen the provision, the range and circumstances under which we can protect our clients. An immediate example would be Nexo’s premium service for Nexo Wallets of $2M+ which offers dedicated cold wallets with customizable insurance, designated account managers and OTC liquidity solutions.Additionally, Nexo is a founding member of the Collateral Protection Insurance (CPI) consortium which is unfolding many cutting-edge possibilities in the decentralization effort for the insurance industry as a whole. This new approach has some exciting prospects to offer going forward.Top-Notch Security for All Nexo ServicesWhether clients utilize Nexo’s efficient lending capabilities in 200+ jurisdictions and in more than 45+ fiat currencies or use Nexo’s Earn Product to earn up to 6.5% per year on their idle crypto assets — every aspect of Nexo’s business adheres to the highest security standards. In its 10+ years of secure online credit facilitation, the Nexo Team is proud to say that there have never been any system intrusions or security breaches.To underpin the robustness of the enterprise, Nexo is making use of BitGo’s Enterprise Solution which incorporates the Cryptocurrency Security Standard Level 3 and is SOC 2 compliant. The CCSS Level 3 requires multiple actors for the all-critical actions, as advanced authentication mechanisms are employed to ensure the authenticity of data, while assets are distributed geographically and organizationally.Furthermore, all Nexo systems are audited by top IT specialists and ensure 24/7/365 fraud monitoring mechanism, around the clock customer support, military-grade encryption that guarantees both the security of clients’ funds and their privacy.Regardless of whether you need instant access to cash, while retaining the upside potential of your crypto or are looking to earn high-yield interest on your crypto assets, Nexo has you covered — to the fullest meaning of the expression.Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefNexo Is the Only Crypto Lender to Offer Crypto Custodian Insurance was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 03. 12

Nexo Is the Only Crypto Len...

Nexo’s Custodial Assets Now Insured for $100MAt Nexo, the safety of clients’ funds is our first priority. Recognition of this fact by the blockchain community has allowed Nexo to process more than $300,000,000 in just 7 months and develop the most enhanced and seamless lending experience but also the means for clients to earn up to 6.5% in interest on their idle crypto assets.Now, Nexo’s partners are pushing the boundaries of innovation yet again by providing the industry’s first insurance for custodial assets and Nexo’s clients will benefit from that.Executive Summary:Nexo is the only crypto lender and ‘Earn Interest’ product provider that stores client’s assets with an insured qualified custodian at no extra cost.The insurance policy covers losses of up to $100M and is provided by BitGo’s arrangement with Lloyd’s.Nexo deploys state-of-the-art security, including 24/7 fraud monitoring and customer support, as well as Cryptocurrency Security Standard Level 3, among other measures, to ensure the ultimate safety of clients’ funds.Who Provides the Insurance for the Funds of Nexo’s Clients?Cold storage Nexo Wallets are provided by the leader in multi-signature encryption technology BitGo. These custodial assets are covered for up to $100,000,000.00 by the London-based insurance company Lloyd’s with its syndicate of underwriters which act under its umbrella. And this premium service comes in at no additional cost.Nexo and BitGo have a long-standing partnership. As a result, BitGo provided immediate support for the NEXO Tokens and has ensured safe custody to clients since day 1 of Nexo’s operations.Nexo Teams up with Qualified Custodian BitGo to Ensure Security of Clients’ Crypto AssetsWith regards to the new insurance product, Mike Belshe, CEO at BitGo, commented:“This is the most complete insurance offering in the industry. (…) Transparency and accuracy is essential for building trust in the market.”To facilitate this incredibly powerful protection, Lloyd’s of London’s, a company that has stood the test of time, being in operation since 1686, is leading a syndicate of 10 underwriters to yet again excel in the innovative domain of digital assets by bringing in stability that attracts large scale institutional investments. As CEO Inga Beale puts it:“Lloyd’s capital position is at its strongest ever with net resources totalling £29.0bn (…) and Lloyd’s strong and secure financial position is underscored by our excellent ratings which were recently reaffirmed at A (Excellent) from A.M. Best, A+ (Strong) from Standard & Poor’s and AA- (Very Strong) from Fitch.“With centuries-long expertise, solid financials and unrivaled expertise by the parties involved in both the insurance process and crypto assets in general, clients are guaranteed peace of mind.What is Covered by the Insurance Policy?Custodial crypto assets are insured against commercial crime. In the unlikely event that Nexo’s custodian should suffer a security breach, insurance procedures are triggered so as to compensate any losses resulting from physical and/or cybersecurity breach, and/or employee theft.Additional Insurance SolutionsIn an effort to diversify risks, Nexo is constantly on the lookout for new insurance mechanisms, products and product providers, in order to widen the provision, the range and circumstances under which we can protect our clients. An immediate example would be Nexo’s premium service for Nexo Wallets of $2M+ which offers dedicated cold wallets with customizable insurance, designated account managers and OTC liquidity solutions.Additionally, Nexo is a founding member of the Collateral Protection Insurance (CPI) consortium which is unfolding many cutting-edge possibilities in the decentralization effort for the insurance industry as a whole. This new approach has some exciting prospects to offer going forward.Top-Notch Security for All Nexo ServicesWhether clients utilize Nexo’s efficient lending capabilities in 200+ jurisdictions and in more than 45+ fiat currencies or use Nexo’s Earn Product to earn up to 6.5% per year on their idle crypto assets — every aspect of Nexo’s business adheres to the highest security standards. In its 10+ years of secure online credit facilitation, the Nexo Team is proud to say that there have never been any system intrusions or security breaches.To underpin the robustness of the enterprise, Nexo is making use of BitGo’s Enterprise Solution which incorporates the Cryptocurrency Security Standard Level 3 and is SOC 2 compliant. The CCSS Level 3 requires multiple actors for the all-critical actions, as advanced authentication mechanisms are employed to ensure the authenticity of data, while assets are distributed geographically and organizationally.Furthermore, all Nexo systems are audited by top IT specialists and ensure 24/7/365 fraud monitoring mechanism, around the clock customer support, military-grade encryption that guarantees both the security of clients’ funds and their privacy.Regardless of whether you need instant access to cash, while retaining the upside potential of your crypto or are looking to earn high-yield interest on your crypto assets, Nexo has you covered — to the fullest meaning of the expression.Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefNexo Is the Only Crypto Lender to Offer Crypto Custodian Insurance was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 03. 12

Nexo Is the Only Crypto Len...

At Nexo, the safety of clients’ funds is our first priority. Recognition of this fact by the blockchain community has allowed Nexo to process more than $300,000,000 in just 7 months and develop the most enhanced and seamless lending experience but also the means for clients to earn up to 6.5% in interest on their idle crypto assets.Now, Nexo and its partners are pushing the boundaries of innovation yet again by providing the industry’s first insurance for custodial assets of clients.Executive Summary:Nexo is the only crypto lender and ‘Earn Interest’ product provider that offers insured custody for clients’ crypto assets at no extra cost.The insurance policy covers losses of up to $100M and is provided by BitGo and the Lloyd’s of London syndicate.Nexo deploys state-of-the-art security, including 24/7 fraud monitoring and customer support, as well as Cryptocurrency Security Standard Level 3, among other measures, to ensure the ultimate safety of clients’ funds.Who Provides the Insurance for the Funds of Nexo’s Clients?Nexo, the world’s most advanced lender, is proud to be the only one to offer insurance to clients for the crypto assets they hold in their Nexo Wallets. The policy covers up to $100,000,000.00 for custodial assets via BitGo and the London-based insurance company Lloyd’s with its syndicate of underwriters which act under its umbrella. And this premium service comes in at no additional cost to Nexo’s clients.Nexo and BitGo, the leader in multi-signature encryption technology, have a long-standing partnership. As a result, BitGo provided immediate support for the NEXO Tokens and has ensured safe custody to clients since day 1 of Nexo’s operations.Nexo Teams up with Qualified Custodian BitGo to Ensure Security of Clients’ Crypto AssetsWith regards to the new insurance product, Mike Belshe, CEO at BitGo, commented:“This is the most complete insurance offering in the industry. (…) Transparency and accuracy is essential for building trust in the market.”To facilitate this incredibly powerful protection, Lloyd’s of London’s, a company that has stood the test of time, being in operation since 1686, is leading a syndicate of 10 underwriters to yet again excel in the innovative domain of digital assets by bringing in stability that attracts large scale institutional investments. As CEO Inga Beale puts it:“Lloyd’s capital position is at its strongest ever with net resources totalling £29.0bn (…) and Lloyd’s strong and secure financial position is underscored by our excellent ratings which were recently reaffirmed at A (Excellent) from A.M. Best, A+ (Strong) from Standard & Poor’s and AA- (Very Strong) from Fitch.“With centuries-long expertise, solid financials and unrivaled expertise by the parties involved in both the insurance process and crypto assets in general, clients are guaranteed peace of mind.What is Covered by the Insurance Policy?All crypto assets held in Nexo Wallets are insured against commercial crime. In the unlikely event that Nexo should suffer a security breach, insurance procedures are triggered so as to compensate any losses resulting from physical and/or cybersecurity breach, and/or employee theft.Additional Insurance SolutionsIn an effort to diversify risks, Nexo is constantly on the lookout for new insurance mechanisms, products and product providers, in order to widen the provision, the range and circumstances under which we can protect our clients. An immediate example would be Nexo’s premium service for Nexo Wallets of $2M+ which offers dedicated cold wallets with customizable insurance, designated account managers and OTC liquidity solutions.Nexo is also examining the possibility of establishing what is commonly referred to as a “disaster fund” and maintaining significant amounts of crypto assets, so as to cover any potential losses that would not be covered by the presently available insurance products.Additionally, Nexo is a founding member of the Collateral Protection Insurance (CPI) consortium which is unfolding many cutting-edge possibilities in the decentralization effort for the insurance industry as a whole. This new approach has some exciting prospects to offer going forward.Top-Notch Security for All Nexo ServicesWhether clients utilize Nexo’s efficient lending capabilities in 200+ jurisdictions and in more than 45+ fiat currencies or use Nexo’s Earn Product to earn up to 6.5% per year on their idle crypto assets — every aspect of Nexo’s business adheres to the highest security standards. In its 10+ years of secure online credit facilitation, the Nexo Team is proud to say that there have never been any system intrusions or security breaches.To underpin the robustness of the enterprise, Nexo is making use of BitGo’s Enterprise Solution which incorporates the Cryptocurrency Security Standard Level 3 and is SOC 2 compliant. The CCSS Level 3 requires multiple actors for the all-critical actions, as advanced authentication mechanisms are employed to ensure the authenticity of data, while assets are distributed geographically and organizationally.Furthermore, all Nexo systems are audited by top IT specialists and ensure 24/7/365 fraud monitoring mechanism, around the clock customer support, military-grade encryption that guarantees both the security of clients’ funds and their privacy.Regardless of whether you need instant access to cash, while retaining the upside potential of your crypto or are looking to earn high-yield interest on your crypto assets, Nexo has you covered — to the fullest meaning of the expression.Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefNexo Is the Only Crypto Lender to Offer Crypto Custodian Insurance was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 03. 12

Huobi Launches Trading for ...

The NEXO Token is now trading on Huobi Global, and so one of the community’s most popular cryptocurrency exchanges meets the world’s most advanced and trusted instant crypto loans provider.Effective immediately, the NEXO Token can be traded for Bitcoin (BTC) and Ether (ETH) with more pairs to be explored by the two companies’ teams.Investors from around the globe now have the amazing opportunity to participate in the financial success story of the dominant player in the crypto lending space. Nexo has processed $300M+ in just 7 months across 200+ jurisdictions and in 45+ fiat currencies for a rapidly growing user base that exceeds 170,000.As a leading global cryptocurrency exchange, Huobi Global is synonymous with an abundance of liquidity and a user-focused and very clean interface — the perfect gateway for institutional size investments in Nexo.The Singapore-based global conglomerate is further solving a plethora of key trading inefficiencies including security and privacy-related concerns, as it offers military-grade security for everyone interested in trading NEXO Tokens.The NEXO Token comes with amazing utility features that unlock the full potential of Nexo, as staking NEXO Tokens as collateral or using them as a repayment option lower than the annual is backed by the Nexo enterprise which is one of the very few proven profitable companies in the blockchain space.The company’s management and the entire team are dedicated to ensuring scaling of the operations and ever-increasing profitability of Nexo going forward. A few examples of what lies ahead are the upcoming Nexo Card and the bank acquisition which make Nexo better than any other crypto wallet and bank account.The future is bright beyond compare.We wish you happy buying!​Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefHuobi Launches Trading for NEXO Tokens was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 03. 05

Huobi Launches Trading for ...

The NEXO Token is now trading on Huobi Global, and so one of the community’s most popular cryptocurrency exchanges meets the world’s most advanced and trusted instant crypto loans provider.Effective immediately, the NEXO Token can be traded for Bitcoin (BTC) and Ether (ETH) with more pairs to be explored by the two companies’ teams.Investors from around the globe now have the amazing opportunity to participate in the financial success story of the dominant player in the crypto lending space. Nexo has processed $300M+ in just 7 months across 200+ jurisdictions and in 45+ fiat currencies for a rapidly growing user base that exceeds 170,000.As a leading global cryptocurrency exchange, Huobi Global is synonymous with an abundance of liquidity and a user-focused and very clean interface — the perfect gateway for institutional size investments in Nexo.The Singapore-based global conglomerate is further solving a plethora of key trading inefficiencies including security and privacy-related concerns, as it offers military-grade security for everyone interested in trading NEXO Tokens.The NEXO Token comes with amazing utility features that unlock the full potential of Nexo, as staking NEXO Tokens as collateral or using them as a repayment option lower than the annual is backed by the Nexo enterprise which is one of the very few proven profitable companies in the blockchain space.The company’s management and the entire team are dedicated to ensuring scaling of the operations and ever-increasing profitability of Nexo going forward. A few examples of what lies ahead are the upcoming Nexo Card and the bank acquisition which make Nexo better than any other crypto wallet and bank account.The future is bright beyond compare.We wish you happy buying!​Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefHuobi Launches Trading for NEXO Tokens was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 03. 05

Huobi Launches Trading for ...

The NEXO Token is now trading on Huobi Global, and so one of the community’s most popular cryptocurrency exchanges meets the world’s most advanced and trusted instant crypto loans provider.Effective immediately, the NEXO Token can be traded for Bitcoin (BTC) and Ether (ETH) with more pairs to be explored by the two companies’ teams.Investors from around the globe now have the amazing opportunity to participate in the financial success story of the dominant player in the crypto lending space. Nexo has processed $300M+ in just 7 months across 200+ jurisdictions and in 45+ fiat currencies for a rapidly growing user base that exceeds 170,000.As a leading global cryptocurrency exchange, Huobi Global is synonymous with an abundance of liquidity and a user-focused and very clean interface — the perfect gateway for institutional size investments in Nexo.The Singapore-based global conglomerate is further solving a plethora of key trading inefficiencies including security and privacy-related concerns, as it offers military-grade security for everyone interested in trading NEXO Tokens.The NEXO Token comes with amazing utility features that unlock the full potential of Nexo, as staking NEXO Tokens as collateral or using them as a repayment option lower than the annual is backed by the Nexo enterprise which is one of the very few proven profitable companies in the blockchain space.The company’s management and the entire team are dedicated to ensuring scaling of the operations and ever-increasing profitability of Nexo going forward. A few examples of what lies ahead are the upcoming Nexo Card and the bank acquisition which make Nexo better than any other crypto wallet and bank account.The future is bright beyond compare.We wish you happy buying!​Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefHuobi Launches Trading for NEXO Tokens was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 03. 05

Huobi Launches Trading for ...

The NEXO Token is now trading on Huobi Global, and so one of the community’s most popular cryptocurrency exchanges meets the world’s most advanced and trusted instant crypto loans provider.Effective immediately, the NEXO Token can be traded for Bitcoin (BTC) and Ether (ETH) with more pairs to be explored by the two companies’ teams.Investors from around the globe now have the amazing opportunity to participate in the financial success story of the dominant player in the crypto lending space. Nexo has processed $300M+ in just 7 months across 200+ jurisdictions and in 45+ fiat currencies for a rapidly growing user base that exceeds 170,000.As a leading global cryptocurrency exchange, Huobi Global is synonymous with an abundance of liquidity and a user-focused and very clean interface — the perfect gateway for institutional size investments in Nexo.The Singapore-based global conglomerate is further solving a plethora of key trading inefficiencies including security and privacy-related concerns, as it offers military-grade security for everyone interested in trading NEXO Tokens.The NEXO Token comes with amazing utility features that unlock the full potential of Nexo, as staking NEXO Tokens as collateral or using them as a repayment option lower than the annual is backed by the Nexo enterprise which is one of the very few proven profitable companies in the blockchain space.The company’s management and the entire team are dedicated to ensuring scaling of the operations and ever-increasing profitability of Nexo going forward. A few examples of what lies ahead are the upcoming Nexo Card and the bank acquisition which make Nexo better than any other crypto wallet and bank account.The future is bright beyond compare.We wish you happy buying!​Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefHuobi Launches Trading for NEXO Tokens was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 03. 05

Nexo Processes $300M+ in Fi...

$300M+ in 7 Months for 170,000+ Nexo UsersAs a profitable company, a top 50 most important Swiss Blockchain company, and a pioneer in the crypto lending space,Nexo is proud to announce that $313,896,663.14 have been processed in just 7 months for its rapidly growing user base that at present exceeds 170,000as shown by the specially designed infographic that this post breaks down.On December 15, 2018 Nexo distributed US$912,071.00 to eligible NEXO Token Holders. The dividend represents 30% of the $3,040,239 net profit for the fist 7 months of Nexo’s operation.The annualized dividend yield of the NEXO Token is 4.80% beating all dividend stocks in Buffet’s portfolio, including: Apple 1.4%, JPMorgan 3%, Wells Fargo 3.3%, Goldman Sachs 1.6%.Please read the interim report for all details.Nexo Interim Report December 15, 2018A true blockchain company, Nexo is the only crypto lender to operate within 200+ jurisdictions and provide its tax-efficient loan services in more than 40+ different fiat currencies and in 9 languages.Getting Your Instant Nexo Loan in Three Easy Steps in 200+ jurisdictions and 45+ currenciesAll of the above has been made possible by the devotion of Nexo’s team to provide the blockchain community with the means to access instant cash, all the while allowing clients to keep the upside potential of their crypto.Our ever-growing community of happy investors, clients and token holders is what drives us to push the boundaries of the service that we provide.Instantly Happy Nexo ClientsA customer satisfaction rate of 94% is a true testimony that Nexo is on the right track.Nexo’s ubiquitous #NexoEverywhere campaign has shown significant advancement as kicked off by our collaboration with such leaders as Coinmarketcap, Etherscan, CryptoCompare, and Coingecko. This was followed by twenty other partnerships with dedicated integrations on leading outlets and is further proof that Nexo’s presence is empowering all communities of the blockchain space — essential for its further development.The Q3 to Q4 2018 user base growth has been a stellar 700% which has exceeded all expectations but shows the unequivocal demand for Nexo’s instant crypto loans and the additional features that we are rolling out on a regular basis.Nexo has reached over 1,000,000,000 impressions thanks to our 35k+ Telegram community and 31k+ Twitter following and have secured us features in 70+ top-tier media outlets such as Bloomberg, Reuters, Forbes and many more.Going forward, Nexo will redefine the very nature of banking on the blockchain by providing a service that is better than any exchange wallet, better than any crypto wallet, better than any bank account.Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefNexo Processes $300M+ in First 7 Months was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 02. 27

Nexo Processes $300M+ in Fi...

$300M+ in 7 Months for 170,000+ Nexo UsersAs a profitable company, a top 50 most important Swiss Blockchain company, and a pioneer in the crypto lending space,Nexo is proud to announce that $313,896,663.14 have been processed in just 7 months for its rapidly growing user base that at present exceeds 170,000as shown by the specially designed infographic that this post breaks down.On December 15, 2018 Nexo distributed US$912,071.00 to eligible NEXO Token Holders. The dividend represents 30% of the $3,040,239 net profit for the fist 7 months of Nexo’s operation.The annualized dividend yield of the NEXO Token is 4.80% beating all dividend stocks in Buffet’s portfolio, including: Apple 1.4%, JPMorgan 3%, Wells Fargo 3.3%, Goldman Sachs 1.6%.Please read the interim report for all details.Nexo Interim Report December 15, 2018A true blockchain company, Nexo is the only crypto lender to operate within 200+ jurisdictions and provide its tax-efficient loan services in more than 40+ different fiat currencies and in 9 languages.Getting Your Instant Nexo Loan in Three Easy Steps in 200+ jurisdictions and 45+ currenciesAll of the above has been made possible by the devotion of Nexo’s team to provide the blockchain community with the means to access instant cash, all the while allowing clients to keep the upside potential of their crypto.Our ever-growing community of happy investors, clients and token holders is what drives us to push the boundaries of the service that we provide.Instantly Happy Nexo ClientsA customer satisfaction rate of 94% is a true testimony that Nexo is on the right track.Nexo’s ubiquitous #NexoEverywhere campaign has shown significant advancement as kicked off by our collaboration with such leaders as Coinmarketcap, Etherscan, CryptoCompare, and Coingecko. This was followed by twenty other partnerships with dedicated integrations on leading outlets and is further proof that Nexo’s presence is empowering all communities of the blockchain space — essential for its further development.The Q3 to Q4 2018 user base growth has been a stellar 700% which has exceeded all expectations but shows the unequivocal demand for Nexo’s instant crypto loans and the additional features that we are rolling out on a regular basis.Nexo has reached over 1,000,000,000 impressions thanks to our 35k+ Telegram community and 31k+ Twitter following and have secured us features in 70+ top-tier media outlets such as Bloomberg, Reuters, Forbes and many more.Going forward, Nexo will redefine the very nature of banking on the blockchain by providing a service that is better than any exchange wallet, better than any crypto wallet, better than any bank account.Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefNexo Processes $300M+ in First 7 Months was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 02. 27

Nexo Processes $300M+ in Fi...

$300M+ in 7 Months for 170,000+ Nexo UsersAs a profitable company, a top 50 most important Swiss Blockchain company, and a pioneer in the crypto lending space,Nexo is proud to announce that $313,896,663.14 have been processed in just 7 months for its rapidly growing user base that at present exceeds 170,000as shown by the specially designed infographic that this post breaks down.On December 15, 2018 Nexo distributed US$912,071.00 to eligible NEXO Token Holders. The dividend represents 30% of the $3,040,239 net profit for the fist 7 months of Nexo’s operation.The annualized dividend yield of the NEXO Token is 4.80% beating all dividend stocks in Buffet’s portfolio, including: Apple 1.4%, JPMorgan 3%, Wells Fargo 3.3%, Goldman Sachs 1.6%.Please read the interim report for all details.Nexo Interim Report December 15, 2018A true blockchain company, Nexo is the only crypto lender to operate within 200+ jurisdictions and provide its tax-efficient loan services in more than 40+ different fiat currencies and in 9 languages.Getting Your Instant Nexo Loan in Three Easy Steps in 200+ jurisdictions and 45+ currenciesAll of the above has been made possible by the devotion of Nexo’s team to provide the blockchain community with the means to access instant cash, all the while allowing clients to keep the upside potential of their crypto.Our ever-growing community of happy investors, clients and token holders is what drives us to push the boundaries of the service that we provide.Instantly Happy Nexo ClientsA customer satisfaction rate of 94% is a true testimony that Nexo is on the right track.Nexo’s ubiquitous #NexoEverywhere campaign has shown significant advancement as kicked off by our collaboration with such leaders as Coinmarketcap, Etherscan, CryptoCompare, and Coingecko. This was followed by twenty other partnerships with dedicated integrations on leading outlets and is further proof that Nexo’s presence is empowering all communities of the blockchain space — essential for its further development.The Q3 to Q4 2018 user base growth has been a stellar 700% which has exceeded all expectations but shows the unequivocal demand for Nexo’s instant crypto loans and the additional features that we are rolling out on a regular basis.Nexo has reached over 1,000,000,000 impressions thanks to our 35k+ Telegram community and 31k+ Twitter following and have secured us features in 70+ top-tier media outlets such as Bloomberg, Reuters, Forbes and many more.Going forward, Nexo will redefine the very nature of banking on the blockchain by providing a service that is better than any exchange wallet, better than any crypto wallet, better than any bank account.Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefNexo Processes $300M+ in First 7 Months was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 02. 27

Nexo Processes $300M+ in Fi...

$300M+ in 7 Months for 170,000+ Nexo UsersAs a profitable company, a top 50 most important Swiss Blockchain company, and a pioneer in the crypto lending space,Nexo is proud to announce that $313,896,663.14 have been processed in just 7 months for its rapidly growing user base that at present exceeds 170,000as shown by the specially designed infographic that this post breaks down.On December 15, 2018 Nexo distributed US$912,071.00 to eligible NEXO Token Holders. The dividend represents 30% of the $3,040,239 net profit for the fist 7 months of Nexo’s operation.The annualized dividend yield of the NEXO Token is 4.80% beating all dividend stocks in Buffet’s portfolio, including: Apple 1.4%, JPMorgan 3%, Wells Fargo 3.3%, Goldman Sachs 1.6%.Please read the interim report for all details.Nexo Interim Report December 15, 2018A true blockchain company, Nexo is the only crypto lender to operate within 200+ jurisdictions and provide its tax-efficient loan services in more than 40+ different fiat currencies and in 9 languages.Getting Your Instant Nexo Loan in Three Easy Steps in 200+ jurisdictions and 45+ currenciesAll of the above has been made possible by the devotion of Nexo’s team to provide the blockchain community with the means to access instant cash, all the while allowing clients to keep the upside potential of their crypto.Our ever-growing community of happy investors, clients and token holders is what drives us to push the boundaries of the service that we provide.Instantly Happy Nexo ClientsA customer satisfaction rate of 94% is a true testimony that Nexo is on the right track.Nexo’s ubiquitous #NexoEverywhere campaign has shown significant advancement as kicked off by our collaboration with such leaders as Coinmarketcap, Etherscan, CryptoCompare, and Coingecko. This was followed by twenty other partnerships with dedicated integrations on leading outlets and is further proof that Nexo’s presence is empowering all communities of the blockchain space — essential for its further development.The Q3 to Q4 2018 user base growth has been a stellar 700% which has exceeded all expectations but shows the unequivocal demand for Nexo’s instant crypto loans and the additional features that we are rolling out on a regular basis.Nexo has reached over 1,000,000,000 impressions thanks to our 35k+ Telegram community and 31k+ Twitter following and have secured us features in 70+ top-tier media outlets such as Bloomberg, Reuters, Forbes and many more.Going forward, Nexo will redefine the very nature of banking on the blockchain by providing a service that is better than any exchange wallet, better than any crypto wallet, better than any bank account.Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefNexo Processes $300M+ in First 7 Months was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 02. 27

Nexo Processes $300M+ in Fi...

$300M+ in 7 Months for 170,000+ Nexo UsersAs a profitable company, a top 50 most important Swiss Blockchain company, and a pioneer in the crypto lending space,Nexo is proud to announce that $313,896,663.14 have been processed in just 7 months for its rapidly growing user base that at present exceeds 170,000as shown by the specially designed infographic that this post breaks down.On December 15, 2018 Nexo distributed US$912,071.00 to eligible NEXO Token Holders. The dividend represents 30% of the $3,040,239 net profit for the fist 7 months of Nexo’s operation.The annualized dividend yield of the NEXO Token is 4.80% beating all dividend stocks in Buffet’s portfolio, including: Apple 1.4%, JPMorgan 3%, Wells Fargo 3.3%, Goldman Sachs 1.6%.Please read the interim report for all details.Nexo Interim Report December 15, 2018A true blockchain company, Nexo is the only crypto lender to operate within 200+ jurisdictions and provide its tax-efficient loan services in more than 40+ different fiat currencies and in 9 languages.All of the above has been made possible by the devotion of Nexo’s team to provide the blockchain community with the means to access instant cash, all the while allowing clients to keep the upside potential of their crypto.Our ever-growing community of happy investors, clients and token holders is what drives us to push the boundaries of the service that we provide.A customer satisfaction rate of 94% is a true testimony that Nexo is on the right track.Nexo’s ubiquitous #NexoEverywhere campaign has shown significant advancement as kicked off by our collaboration with such leaders as Coinmarketcap, Etherscan, CryptoCompare, and Coingecko. This was followed by twenty other partnerships with dedicated integrations on leading outlets and is further proof that Nexo’s presence is empowering all communities of the blockchain space — essential for its further development.The Q3 to Q4 2018 user base growth has been a stellar 700% which has exceeded all expectations but shows the unequivocal demand for Nexo’s instant crypto loans and the additional features that we are rolling out on a regular basis.Nexo has reached over 1,000,000,000 impressions thanks to our 35k+ Telegram community and 31k+ Twitter following and have secured us features in 70+ top-tier media outlets such as Bloomberg, Reuters, Forbes and many more.Going forward, Nexo will redefine the very nature of banking on the blockchain by providing a service that is better than any exchange wallet, better than any crypto wallet, better than any bank account.Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefNexo Processes $300M+ in First 7 Months was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 02. 27

$500 Minimum Loan Amount Li...

New $500 Minimum Amount for Nexo’s Instant Crypto Credit LinesEffective immediately, the new minimum amount for Nexo’s instant credit lines is $500! This makes Nexo the most inclusive lender in the blockchain space and enormously increases our market share, as no one else has such automation and scaling capabilities. Better yet, Nexo is the only lender to provide insured custody of clients’ funds.A further reduction to a $100 minimum loan amount is coming, pending finalizing talks with our banking partners so that same/next day local bank withdrawals remain free for all clients.With Nexo’s instant credit lines now ranging from $500 to $2,000,000 even more people can borrow against their assets to participate in the crypto spring.APR starts at 8%, which is very cost-efficient, given that major collateral options such as ETH and XRP have risen 30%+ and 20%+ respectively in the past 7 days alone!Becoming ever more inclusive is part of the larger, ongoing mission of Nexo to allow a constantly growing number of community members to enjoy their crypto wealth without selling it.Get an Instant Crypto Credit Line NowWatch this short video on how a loan from Nexo works.Apart from profiting in a rising market, the Nexo approach provides healthy leverage for your portfolio, tax efficiency and the flexibility of instant access to cash across more than 200 jurisdictions and in 45+ fiat currencies, whenever you might need them.Now that the worst of the bear market is likely behind us, there is no better time to make use of Nexo’s tax-efficient instant crypto loans. To get going today, please follow these three simple steps!It is not truly crypto spring until we are all part of it, so share Nexo’s unique proposition with those closest to you.Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/href$500 Minimum Loan Amount Live, Next Update to Bring Automated Interest on Crypto, New Collaterals… was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 02. 20

$500 Minimum Loan Amount Li...

New $500 Minimum Amount for Nexo’s Instant Crypto Credit LinesEffective immediately, the new minimum amount for Nexo’s instant credit lines is $500! This makes Nexo the most inclusive lender in the blockchain space and enormously increases our market share, as no one else has such automation and scaling capabilities. Better yet, Nexo is the only lender to provide insured custody of clients’ funds.A further reduction to a $100 minimum loan amount is coming, pending finalizing talks with our banking partners so that same/next day local bank withdrawals remain free for all clients.With Nexo’s instant credit lines now ranging from $500 to $2,000,000 even more people can borrow against their assets to participate in the crypto spring.APR starts at 8%, which is very cost-efficient, given that major collateral options such as ETH and XRP have risen 30%+ and 20%+ respectively in the past 7 days alone!Becoming ever more inclusive is part of the larger, ongoing mission of Nexo to allow a constantly growing number of community members to enjoy their crypto wealth without selling it.Get an Instant Crypto Credit Line NowWatch this short video on how a loan from Nexo works.Apart from profiting in a rising market, the Nexo approach provides healthy leverage for your portfolio, tax efficiency and the flexibility of instant access to cash across more than 200 jurisdictions and in 45+ fiat currencies, whenever you might need them.Now that the worst of the bear market is likely behind us, there is no better time to make use of Nexo’s tax-efficient instant crypto loans. To get going today, please follow these three simple steps!It is not truly crypto spring until we are all part of it, so share Nexo’s unique proposition with those closest to you.Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/href$500 Minimum Loan Amount Live, Next Update to Bring Automated Interest on Crypto, New Collaterals… was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 02. 20

$500 Minimum Loan Amount Li...

New $500 Minimum Amount for Nexo’s Instant Crypto Credit LinesEffective immediately, the new minimum amount for Nexo’s instant credit lines is $500! This makes Nexo the most inclusive lender in the blockchain space and enormously increases our market share, as no one else has such automation and scaling capabilities. Better yet, Nexo is the only lender to provide insured custody of clients’ funds.A further reduction to a $100 minimum loan amount is coming, pending finalizing talks with our banking partners so that same/next day local bank withdrawals remain free for all clients.With Nexo’s instant credit lines now ranging from $500 to $2,000,000 even more people can borrow against their assets to participate in the crypto spring.APR starts at 8%, which is very cost-efficient, given that major collateral options such as ETH and XRP have risen 30%+ and 20%+ respectively in the past 7 days alone!Becoming ever more inclusive is part of the larger, ongoing mission of Nexo to allow a constantly growing number of community members to enjoy their crypto wealth without selling it.Get an Instant Crypto Credit Line NowWatch this short video on how a loan from Nexo works.Apart from profiting in a rising market, the Nexo approach provides healthy leverage for your portfolio, tax efficiency and the flexibility of instant access to cash across more than 200 jurisdictions and in 45+ fiat currencies, whenever you might need them.Now that the worst of the bear market is likely behind us, there is no better time to make use of Nexo’s tax-efficient instant crypto loans. To get going today, please follow these three simple steps!It is not truly crypto spring until we are all part of it, so share Nexo’s unique proposition with those closest to you.Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/href$500 Minimum Loan Amount Live, Next Update to Bring Automated Interest on Crypto, New Collaterals… was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 02. 20

$500 Minimum Loan Amount Li...

New $500 Minimum Amount for Nexo’s Instant Crypto Credit LinesEffective immediately, the new minimum amount for Nexo’s instant credit lines is $500! This makes Nexo the most inclusive lender in the blockchain space and enormously increases our market share, as no one else has such automation and scaling capabilities. Better yet, Nexo is the only lender to provide insured custody of clients’ funds.A further reduction to a $100 minimum loan amount is coming, pending finalizing talks with our banking partners so that same/next day local bank withdrawals remain free for all clients.With Nexo’s instant credit lines now ranging from $500 to $2,000,000 even more people can borrow against their assets to participate in the crypto spring.APR starts at 8%, which is very cost-efficient, given that major collateral options such as ETH and XRP have risen 30%+ and 20%+ respectively in the past 7 days alone!Becoming ever more inclusive is part of the larger, ongoing mission of Nexo to allow a constantly growing number of community members to enjoy their crypto wealth without selling it.Get an Instant Crypto Credit Line NowWatch this short video on how a loan from Nexo works.Apart from profiting in a rising market, the Nexo approach provides healthy leverage for your portfolio, tax efficiency and the flexibility of instant access to cash across more than 200 jurisdictions and in 45+ fiat currencies, whenever you might need them.Now that the worst of the bear market is likely behind us, there is no better time to make use of Nexo’s tax-efficient instant crypto loans. To get going today, please follow these three simple steps!It is not truly crypto spring until we are all part of it, so share Nexo’s unique proposition with those closest to you.Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/href$500 Minimum Loan Amount Live, Next Update to Bring Automated Interest on Crypto, New Collaterals… was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 02. 20

$500 Minimum Loan Amount Li...

New $500 Minimum Amount for Nexo’s Instant Crypto Credit LinesEffective immediately, the new minimum amount for Nexo’s instant credit lines is $500! This makes Nexo the most inclusive lender in the blockchain space and enormously increases our market share, as no one else has such automation and scaling capabilities. Better yet, Nexo is the only lender to provide insured custody of clients’ funds.A further reduction to a $100 minimum loan amount is coming, pending finalizing talks with our banking partners so that same/next day local bank withdrawals remain free for all clients.With Nexo’s instant credit lines now ranging from $500 to $2,000,000 even more people can borrow against their assets to participate in the crypto spring.APR starts at 8%, which is very cost-efficient, given that major collateral options such as ETH and XRP have risen 30%+ and 20%+ respectively in the past 7 days alone!Becoming ever more inclusive is part of the larger, ongoing mission of Nexo to allow a constantly growing number of community members to enjoy their crypto wealth without selling it.Get an Instant Crypto Credit Line NowWatch this short video on how a loan from Nexo works.Apart from profiting in a rising market, the Nexo approach provides healthy leverage for your portfolio, tax efficiency and the flexibility of instant access to cash across more than 200 jurisdictions and in 45+ fiat currencies, whenever you might need them.Now that the worst of the bear market is likely behind us, there is no better time to make use of Nexo’s tax-efficient instant crypto loans. To get going today, please follow these three simple steps!It is not truly crypto spring until we are all part of it, so share Nexo’s unique proposition with those closest to you.Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/href$500 Minimum Loan Amount Live, Next Update to Bring Automated Interest on Crypto, New Collaterals… was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 02. 20

Nexo Attains Binance Info’s...

Nexo has officially joined Binance Info’s transparency initiative. By sharing project-related information such as news and progress reports on Binance Info, Nexo is contributing to keeping the community informed. Binance Info aims to provide users with the most trusted information on crypto projects — check out our page here:https://info.binance.com/en/currencies/nexoBinance Info is a cryptocurrency information platform, providing users with accurate and comprehensive crypto market data, news, and project rating reports. As an open information platform, Binance Info encourages all users to participate in maintaining accurate information on crypto projects by creating token profiles, editing missing or incorrect project information, contributing to news sources, and more. Users can help the community better understand coins and tokens.Binance Info welcomes all projects to get involved in Binance Info’s transparency initiative.Apply to participate:https://docs.google.com/forms/d/e/1FAIpQLSdn6Nq3uvXBfsulKO_lH3I3O0_s-Nbmm0gWO8K-9bkWQJeKmw/viewformDo check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefNexo Attains Binance Info’s V Label was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 02. 15

Nexo Attains Binance Info’s...

Nexo has officially joined Binance Info’s transparency initiative. By sharing project-related information such as news and progress reports on Binance Info, Nexo is contributing to keeping the community informed. Binance Info aims to provide users with the most trusted information on crypto projects — check out our page here:https://info.binance.com/en/currencies/nexoBinance Info is a cryptocurrency information platform, providing users with accurate and comprehensive crypto market data, news, and project rating reports. As an open information platform, Binance Info encourages all users to participate in maintaining accurate information on crypto projects by creating token profiles, editing missing or incorrect project information, contributing to news sources, and more. Users can help the community better understand coins and tokens.Binance Info welcomes all projects to get involved in Binance Info’s transparency initiative.Apply to participate:https://docs.google.com/forms/d/e/1FAIpQLSdn6Nq3uvXBfsulKO_lH3I3O0_s-Nbmm0gWO8K-9bkWQJeKmw/viewformDo check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefNexo Attains Binance Info’s V Label was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 02. 15

Nexo Attains Binance Info’s...

Nexo has officially joined Binance Info’s transparency initiative. By sharing project-related information such as news and progress reports on Binance Info, Nexo is contributing to keeping the community informed. Binance Info aims to provide users with the most trusted information on crypto projects — check out our page here:https://info.binance.com/en/currencies/nexoBinance Info is a cryptocurrency information platform, providing users with accurate and comprehensive crypto market data, news, and project rating reports. As an open information platform, Binance Info encourages all users to participate in maintaining accurate information on crypto projects by creating token profiles, editing missing or incorrect project information, contributing to news sources, and more. Users can help the community better understand coins and tokens.Binance Info welcomes all projects to get involved in Binance Info’s transparency initiative.Apply to participate:https://docs.google.com/forms/d/e/1FAIpQLSdn6Nq3uvXBfsulKO_lH3I3O0_s-Nbmm0gWO8K-9bkWQJeKmw/viewformDo check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefNexo Attains Binance Info’s V Label was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 02. 15

Nexo Attains Binance Info’s...

Nexo has officially joined Binance Info’s transparency initiative. By sharing project-related information such as news and progress reports on Binance Info, Nexo is contributing to keeping the community informed. Binance Info aims to provide users with the most trusted information on crypto projects — check out our page here:https://info.binance.com/en/currencies/nexoBinance Info is a cryptocurrency information platform, providing users with accurate and comprehensive crypto market data, news, and project rating reports. As an open information platform, Binance Info encourages all users to participate in maintaining accurate information on crypto projects by creating token profiles, editing missing or incorrect project information, contributing to news sources, and more. Users can help the community better understand coins and tokens.Binance Info welcomes all projects to get involved in Binance Info’s transparency initiative.Apply to participate:https://docs.google.com/forms/d/e/1FAIpQLSdn6Nq3uvXBfsulKO_lH3I3O0_s-Nbmm0gWO8K-9bkWQJeKmw/viewformDo check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefNexo Attains Binance Info’s V Label was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 02. 15

Nexo Attains Binance Info’s...

Nexo has officially joined Binance Info’s transparency initiative. By sharing project-related information such as news and progress reports on Binance Info, Nexo is contributing to keeping the community informed. Binance Info aims to provide users with the most trusted information on crypto projects — check out our page here:https://info.binance.com/en/currencies/nexoBinance Info is a cryptocurrency information platform, providing users with accurate and comprehensive crypto market data, news, and project rating reports. As an open information platform, Binance Info encourages all users to participate in maintaining accurate information on crypto projects by creating token profiles, editing missing or incorrect project information, contributing to news sources, and more. Users can help the community better understand coins and tokens.Binance Info welcomes all projects to get involved in Binance Info’s transparency initiative.Apply to participate:https://docs.google.com/forms/d/e/1FAIpQLSdn6Nq3uvXBfsulKO_lH3I3O0_s-Nbmm0gWO8K-9bkWQJeKmw/viewformDo check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefNexo Attains Binance Info’s V Label was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 02. 15

The Year in the Rearview, t...

The past year has been a phenomenal one for Nexo and for our quickly growing community of happy customers, investors, and partners. It is our firm belief that 2019 will be even better, and the entire Nexo Team is invigorated by the success and inspired to surpass all your expectations going forward.2018 in the RearviewDespite a ravaging bear market, Nexo has been able to deliver substantial accomplishments:Funding SecuredOn April 1, 2018, Nexo concluded an 11x oversubscribed Private Sale, which resulted in an initial funding boost of $52.5 million for Nexo’s instant crypto loans.The World’s Largest Security Token by Market CapNexo issued and distributed the world’s first complaint, dividend-paying asset-backed security token with utility features. We take pride in the fact that the NEXO Token has been the largest in its asset class by market cap ever since.The World’s Most Advanced Crypto Lending PlatformLess than a month later, on April 30, 2018, Nexo launched the world’s first instant crypto loans platform, allowing tens of thousands of people across the globe access to cash and HODLing at the same time. From day one, our service has been fully automated, leveraging on our 10+ years of expertise in online credit automation.Further enhancements of the platform saw the minimum loan amount being lowered to $1,000 (with a $100 minimum to follow soon); while we managed to raise the maximum loan amount to up to $2 million per individual client.Qualified Custodianship and Security of FundsThe security of clients funds has been of the highest priority, so we entrusted the handling of multi-signature wallets to qualified custodian BitGo. The trust company has an impeccable track record of safeguarding against breaches, is SOC 2 compliant and has implemented the Cryptocurrency Security Standard (CCSS) Level 3, an open protocol that focuses on the cryptocurrency storage that is currently the go-to standard for crypto wallets.A Truly Borderless EnterpriseOne of the milestones, which we are especially proud of is the fact that Nexo is the crypto lender with the widest reach, servicing crypto loans in more than 45 fiat currencies and across 200+ jurisdictions. Through our extensive network of banking relationships, we are the only blockchain business that can offer even the Nepalese Rupee, the Thai Baht, and the Korean Won, to name just a few.To provide our instant crypto loans in the most efficient manner possible, we have localized our product in Chinese, Korean, German, and Russian, while Spanish, French, Turkish, Japanese and many others will follow soon.Risk-Free Interest on StablecoinsAs part of the effort to further scale the Nexo enterprise, we initiated the Liquidity Provider Program, which allows clients to earn interest of up to 6.5% on a variety of stablecoins . It is accompanied by the only protection for stablecoins on the market which guarantees a 1-to-1 conversion to U.S. Dollars on any stablecoin.An Ever-Growing CommunityFollowing a survey through the community, Nexo became the world’s first lender to onboard XRP as a collateral option, which resulted in an enthusiastic XRP community.Along with NEXO, Binance’s coin BNB is one of the few safe havens in the crypto space, so we integrated it on the platform, a move that was appreciated by CZ. We will, of course, continue to onboard those crypto assets as collateral options that are most important to the blockchain community.Profitability in Just Six MonthsNexo’s model has been profitable from its very onset, setting us apart even from such FinTech giants like Revolut, TransferWise, Monzo, Robinhood, etc. that have seen multi-billion dollar valuations prior to reaching profitability.The First NEXO Dividend DistributionTo finish off the year accordingly, on December 15, 2018 Nexo paid out close to $1M (30% of its profits) to the NEXO Token Holders. With an annualized yield of 4.80%, the First NEXO Dividend beats all dividend-bearing stocks in Warren Buffet’s portfolio: Apple 1.4%, JPMorgan 3%, Wells Fargo 3.3%, Goldman Sachs 1.6%, and even Coca-Cola with 3.1%.NEXO Outperforming the Crypto MarketThis comes on top of the fact that the NEXO Token has outperformed all major crypto assets, including BTC, ETH, and XRP since May 2018, showing remarkable resilience in the ongoing bear market.Please also check out the Interim Report for an in-depth analysis of the market dynamics and the outstanding performance of the NEXO Token when compared to its peers in the blockchain space but also of Nexo as a company when compared to other FinTechs.https://medium.com/media/4c2c59ad35b358d7b4e2f42a4dcc461c/hrefThe Year AheadAll of the above combined with our strategic vision for the Nexo enterprise makes us beyond optimistic for 2019!Building a Global Company to Solve Real ProblemsThe Nexo Team is hard at work to deliver the following:Bringing the minimum loan amount down to $100Launching the comprehensive Nexo affiliate programExpanding the list of collateral options by constantly adding new assets to borrow against.Starting to issue the Nexo Card which will redefine the very essence of the word “instant”Launching the Nexo Mobile App on the Apple App Store and Google Play StoreRetain the highest standards in terms of compliance with global and local regulatory frameworksDeveloping commercial banking capabilities so that we are able to tap into the fiat deposit-taking and payments systemLaunching several features that we will keep in stealth mode, as to preserve our competitive advantagesThese are but a few examples of imminent milestones that will make the already seamless experience with Nexo an even better and all-encompassing one.The All-In-One Crypto Banking SolutionOur goal, of course, remains nothing short of preserving Nexo’s dominance of the crypto lending space and we truly believe that our underlying philosophy and approach will take the enterprise well beyond the lending domain in a soon-to-be tokenized world. Nexo will deliver the ultimate all-in-one crypto banking solution for the blockchain space. And we are glad to have you on board for this amazing journey!Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefThe Year in the Rearview, the Year Ahead was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 01. 14

The Year in the Rearview, t...

The past year has been a phenomenal one for Nexo and for our quickly growing community of happy customers, investors, and partners. It is our firm belief that 2019 will be even better, and the entire Nexo Team is invigorated by the success and inspired to surpass all your expectations going forward.2018 in the RearviewDespite a ravaging bear market, Nexo has been able to deliver substantial accomplishments:Funding SecuredOn April 1, 2018, Nexo concluded an 11x oversubscribed Private Sale, which resulted in an initial funding boost of $52.5 million for Nexo’s instant crypto loans.The World’s Largest Security Token by Market CapNexo issued and distributed the world’s first complaint, dividend-paying asset-backed security token with utility features. We take pride in the fact that the NEXO Token has been the largest in its asset class by market cap ever since.The World’s Most Advanced Crypto Lending PlatformLess than a month later, on April 30, 2018, Nexo launched the world’s first instant crypto loans platform, allowing tens of thousands of people across the globe access to cash and HODLing at the same time. From day one, our service has been fully automated, leveraging on our 10+ years of expertise in online credit automation.Further enhancements of the platform saw the minimum loan amount being lowered to $1,000 (with a $100 minimum to follow soon); while we managed to raise the maximum loan amount to up to $2 million per individual client.Qualified Custodianship and Security of FundsThe security of clients funds has been of the highest priority, so we entrusted the handling of multi-signature wallets to qualified custodian BitGo. The trust company has an impeccable track record of safeguarding against breaches, is SOC 2 compliant and has implemented the Cryptocurrency Security Standard (CCSS) Level 3, an open protocol that focuses on the cryptocurrency storage that is currently the go-to standard for crypto wallets.A Truly Borderless EnterpriseOne of the milestones, which we are especially proud of is the fact that Nexo is the crypto lender with the widest reach, servicing crypto loans in more than 45 fiat currencies and across 200+ jurisdictions. Through our extensive network of banking relationships, we are the only blockchain business that can offer even the Nepalese Rupee, the Thai Baht, and the Korean Won, to name just a few.To provide our instant crypto loans in the most efficient manner possible, we have localized our product in Chinese, Korean, German, and Russian, while Spanish, French, Turkish, Japanese and many others will follow soon.Risk-Free Interest on StablecoinsAs part of the effort to further scale the Nexo enterprise, we initiated the Liquidity Provider Program, which allows clients to earn interest of up to 6.5% on a variety of stablecoins . It is accompanied by the only protection for stablecoins on the market which guarantees a 1-to-1 conversion to U.S. Dollars on any stablecoin.An Ever-Growing CommunityFollowing a survey through the community, Nexo became the world’s first lender to onboard XRP as a collateral option, which resulted in an enthusiastic XRP community.Along with NEXO, Binance’s coin BNB is one of the few safe havens in the crypto space, so we integrated it on the platform, a move that was appreciated by CZ. We will, of course, continue to onboard those crypto assets as collateral options that are most important to the blockchain community.Profitability in Just Six MonthsNexo’s model has been profitable from its very onset, setting us apart even from such FinTech giants like Revolut, TransferWise, Monzo, Robinhood, etc. that have seen multi-billion dollar valuations prior to reaching profitability.The First NEXO Dividend DistributionTo finish off the year accordingly, on December 15, 2018 Nexo paid out close to $1M (30% of its profits) to the NEXO Token Holders. With an annualized yield of 4.80%, the First NEXO Dividend beats all dividend-bearing stocks in Warren Buffet’s portfolio: Apple 1.4%, JPMorgan 3%, Wells Fargo 3.3%, Goldman Sachs 1.6%, and even Coca-Cola with 3.1%.NEXO Outperforming the Crypto MarketThis comes on top of the fact that the NEXO Token has outperformed all major crypto assets, including BTC, ETH, and XRP since May 2018, showing remarkable resilience in the ongoing bear market.Please also check out the Interim Report for an in-depth analysis of the market dynamics and the outstanding performance of the NEXO Token when compared to its peers in the blockchain space but also of Nexo as a company when compared to other FinTechs.https://medium.com/media/4c2c59ad35b358d7b4e2f42a4dcc461c/hrefThe Year AheadAll of the above combined with our strategic vision for the Nexo enterprise makes us beyond optimistic for 2019!Building a Global Company to Solve Real ProblemsThe Nexo Team is hard at work to deliver the following:Bringing the minimum loan amount down to $100Launching the comprehensive Nexo affiliate programExpanding the list of collateral options by constantly adding new assets to borrow against.Starting to issue the Nexo Card which will redefine the very essence of the word “instant”Launching the Nexo Mobile App on the Apple App Store and Google Play StoreRetain the highest standards in terms of compliance with global and local regulatory frameworksDeveloping commercial banking capabilities so that we are able to tap into the fiat deposit-taking and payments systemLaunching several features that we will keep in stealth mode, as to preserve our competitive advantagesThese are but a few examples of imminent milestones that will make the already seamless experience with Nexo an even better and all-encompassing one.The All-In-One Crypto Banking SolutionOur goal, of course, remains nothing short of preserving Nexo’s dominance of the crypto lending space and we truly believe that our underlying philosophy and approach will take the enterprise well beyond the lending domain in a soon-to-be tokenized world. Nexo will deliver the ultimate all-in-one crypto banking solution for the blockchain space. And we are glad to have you on board for this amazing journey!Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefThe Year in the Rearview, the Year Ahead was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 01. 14

The Year in the Rearview, t...

The past year has been a phenomenal one for Nexo and for our quickly growing community of happy customers, investors, and partners. It is our firm belief that 2019 will be even better, and the entire Nexo Team is invigorated by the success and inspired to surpass all your expectations going forward.2018 in the RearviewDespite a ravaging bear market, Nexo has been able to deliver substantial accomplishments:Funding SecuredOn April 1, 2018, Nexo concluded an 11x oversubscribed Private Sale, which resulted in an initial funding boost of $52.5 million for Nexo’s instant crypto loans.The World’s Largest Security Token by Market CapNexo issued and distributed the world’s first complaint, dividend-paying asset-backed security token with utility features. We take pride in the fact that the NEXO Token has been the largest in its asset class by market cap ever since.The World’s Most Advanced Crypto Lending PlatformLess than a month later, on April 30, 2018, Nexo launched the world’s first instant crypto loans platform, allowing tens of thousands of people across the globe access to cash and HODLing at the same time. From day one, our service has been fully automated, leveraging on our 10+ years of expertise in online credit automation.Further enhancements of the platform saw the minimum loan amount being lowered to $1,000 (with a $100 minimum to follow soon); while we managed to raise the maximum loan amount to up to $2 million per individual client.Qualified Custodianship and Security of FundsThe security of clients funds has been of the highest priority, so we entrusted the handling of multi-signature wallets to qualified custodian BitGo. The trust company has an impeccable track record of safeguarding against breaches, is SOC 2 compliant and has implemented the Cryptocurrency Security Standard (CCSS) Level 3, an open protocol that focuses on the cryptocurrency storage that is currently the go-to standard for crypto wallets.A Truly Borderless EnterpriseOne of the milestones, which we are especially proud of is the fact that Nexo is the crypto lender with the widest reach, servicing crypto loans in more than 45 fiat currencies and across 200+ jurisdictions. Through our extensive network of banking relationships, we are the only blockchain business that can offer even the Nepalese Rupee, the Thai Baht, and the Korean Won, to name just a few.To provide our instant crypto loans in the most efficient manner possible, we have localized our product in Chinese, Korean, German, and Russian, while Spanish, French, Turkish, Japanese and many others will follow soon.Risk-Free Interest on StablecoinsAs part of the effort to further scale the Nexo enterprise, we initiated the Liquidity Provider Program, which allows clients to earn interest of up to 6.5% on a variety of stablecoins . It is accompanied by the only protection for stablecoins on the market which guarantees a 1-to-1 conversion to U.S. Dollars on any stablecoin.An Ever-Growing CommunityFollowing a survey through the community, Nexo became the world’s first lender to onboard XRP as a collateral option, which resulted in an enthusiastic XRP community.Along with NEXO, Binance’s coin BNB is one of the few safe havens in the crypto space, so we integrated it on the platform, a move that was appreciated by CZ. We will, of course, continue to onboard those crypto assets as collateral options that are most important to the blockchain community.Profitability in Just Six MonthsNexo’s model has been profitable from its very onset, setting us apart even from such FinTech giants like Revolut, TransferWise, Monzo, Robinhood, etc. that have seen multi-billion dollar valuations prior to reaching profitability.The First NEXO Dividend DistributionTo finish off the year accordingly, on December 15, 2018 Nexo paid out close to $1M (30% of its profits) to the NEXO Token Holders. With an annualized yield of 4.80%, the First NEXO Dividend beats all dividend-bearing stocks in Warren Buffet’s portfolio: Apple 1.4%, JPMorgan 3%, Wells Fargo 3.3%, Goldman Sachs 1.6%, and even Coca-Cola with 3.1%.NEXO Outperforming the Crypto MarketThis comes on top of the fact that the NEXO Token has outperformed all major crypto assets, including BTC, ETH, and XRP since May 2018, showing remarkable resilience in the ongoing bear market.Please also check out the Interim Report for an in-depth analysis of the market dynamics and the outstanding performance of the NEXO Token when compared to its peers in the blockchain space but also of Nexo as a company when compared to other FinTechs.https://medium.com/media/4c2c59ad35b358d7b4e2f42a4dcc461c/hrefThe Year AheadAll of the above combined with our strategic vision for the Nexo enterprise makes us beyond optimistic for 2019!Building a Global Company to Solve Real ProblemsThe Nexo Team is hard at work to deliver the following:Bringing the minimum loan amount down to $100Launching the comprehensive Nexo affiliate programExpanding the list of collateral options by constantly adding new assets to borrow against.Starting to issue the Nexo Card which will redefine the very essence of the word “instant”Launching the Nexo Mobile App on the Apple App Store and Google Play StoreRetain the highest standards in terms of compliance with global and local regulatory frameworksDeveloping commercial banking capabilities so that we are able to tap into the fiat deposit-taking and payments systemLaunching several features that we will keep in stealth mode, as to preserve our competitive advantagesThese are but a few examples of imminent milestones that will make the already seamless experience with Nexo an even better and all-encompassing one.The All-In-One Crypto Banking SolutionOur goal, of course, remains nothing short of preserving Nexo’s dominance of the crypto lending space and we truly believe that our underlying philosophy and approach will take the enterprise well beyond the lending domain in a soon-to-be tokenized world. Nexo will deliver the ultimate all-in-one crypto banking solution for the blockchain space. And we are glad to have you on board for this amazing journey!Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefThe Year in the Rearview, the Year Ahead was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 01. 14

The Year in the Rearview, t...

The past year has been a phenomenal one for Nexo and for our quickly growing community of happy customers, investors, and partners. It is our firm belief that 2019 will be even better, and the entire Nexo Team is invigorated by the success and inspired to surpass all your expectations going forward.2018 in the RearviewDespite a ravaging bear market, Nexo has been able to deliver substantial accomplishments:Funding SecuredOn April 1, 2018, Nexo concluded an 11x oversubscribed Private Sale, which resulted in an initial funding boost of $52.5 million for Nexo’s instant crypto loans.The World’s Largest Security Token by Market CapNexo issued and distributed the world’s first complaint, dividend-paying asset-backed security token with utility features. We take pride in the fact that the NEXO Token has been the largest in its asset class by market cap ever since.The World’s Most Advanced Crypto Lending PlatformLess than a month later, on April 30, 2018, Nexo launched the world’s first instant crypto loans platform, allowing tens of thousands of people across the globe access to cash and HODLing at the same time. From day one, our service has been fully automated, leveraging on our 10+ years of expertise in online credit automation.Further enhancements of the platform saw the minimum loan amount being lowered to $1,000 (with a $100 minimum to follow soon); while we managed to raise the maximum loan amount to up to $2 million per individual client.Qualified Custodianship and Security of FundsThe security of clients funds has been of the highest priority, so we entrusted the handling of multi-signature wallets to qualified custodian BitGo. The trust company has an impeccable track record of safeguarding against breaches, is SOC 2 compliant and has implemented the Cryptocurrency Security Standard (CCSS) Level 3, an open protocol that focuses on the cryptocurrency storage that is currently the go-to standard for crypto wallets.A Truly Borderless EnterpriseOne of the milestones, which we are especially proud of is the fact that Nexo is the crypto lender with the widest reach, servicing crypto loans in more than 45 fiat currencies and across 200+ jurisdictions. Through our extensive network of banking relationships, we are the only blockchain business that can offer even the Nepalese Rupee, the Thai Baht, and the Korean Won, to name just a few.To provide our instant crypto loans in the most efficient manner possible, we have localized our product in Chinese, Korean, German, and Russian, while Spanish, French, Turkish, Japanese and many others will follow soon.Risk-Free Interest on StablecoinsAs part of the effort to further scale the Nexo enterprise, we initiated the Liquidity Provider Program, which allows clients to earn interest of up to 6.5% on a variety of stablecoins . It is accompanied by the only protection for stablecoins on the market which guarantees a 1-to-1 conversion to U.S. Dollars on any stablecoin.An Ever-Growing CommunityFollowing a survey through the community, Nexo became the world’s first lender to onboard XRP as a collateral option, which resulted in an enthusiastic XRP community.Along with NEXO, Binance’s coin BNB is one of the few safe havens in the crypto space, so we integrated it on the platform, a move that was appreciated by CZ. We will, of course, continue to onboard those crypto assets as collateral options that are most important to the blockchain community.Profitability in Just Six MonthsNexo’s model has been profitable from its very onset, setting us apart even from such FinTech giants like Revolut, TransferWise, Monzo, Robinhood, etc. that have seen multi-billion dollar valuations prior to reaching profitability.The First NEXO Dividend DistributionTo finish off the year accordingly, on December 15, 2018 Nexo paid out close to $1M (30% of its profits) to the NEXO Token Holders. With an annualized yield of 4.80%, the First NEXO Dividend beats all dividend-bearing stocks in Warren Buffet’s portfolio: Apple 1.4%, JPMorgan 3%, Wells Fargo 3.3%, Goldman Sachs 1.6%, and even Coca-Cola with 3.1%.NEXO Outperforming the Crypto MarketThis comes on top of the fact that the NEXO Token has outperformed all major crypto assets, including BTC, ETH, and XRP since May 2018, showing remarkable resilience in the ongoing bear market.Please also check out the Interim Report for an in-depth analysis of the market dynamics and the outstanding performance of the NEXO Token when compared to its peers in the blockchain space but also of Nexo as a company when compared to other FinTechs.https://medium.com/media/4c2c59ad35b358d7b4e2f42a4dcc461c/hrefThe Year AheadAll of the above combined with our strategic vision for the Nexo enterprise makes us beyond optimistic for 2019!Building a Global Company to Solve Real ProblemsThe Nexo Team is hard at work to deliver the following:Bringing the minimum loan amount down to $100Launching the comprehensive Nexo affiliate programExpanding the list of collateral options by constantly adding new assets to borrow against.Starting to issue the Nexo Card which will redefine the very essence of the word “instant”Launching the Nexo Mobile App on the Apple App Store and Google Play StoreRetain the highest standards in terms of compliance with global and local regulatory frameworksDeveloping commercial banking capabilities so that we are able to tap into the fiat deposit-taking and payments systemLaunching several features that we will keep in stealth mode, as to preserve our competitive advantagesThese are but a few examples of imminent milestones that will make the already seamless experience with Nexo an even better and all-encompassing one.The All-In-One Crypto Banking SolutionOur goal, of course, remains nothing short of preserving Nexo’s dominance of the crypto lending space and we truly believe that our underlying philosophy and approach will take the enterprise well beyond the lending domain in a soon-to-be tokenized world. Nexo will deliver the ultimate all-in-one crypto banking solution for the blockchain space. And we are glad to have you on board for this amazing journey!Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefThe Year in the Rearview, the Year Ahead was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 01. 14

The Year in the Rearview, t...

The past year has been a phenomenal one for Nexo and for our quickly growing community of happy customers, investors, and partners. It is our firm belief that 2019 will be even better, and the entire Nexo Team is invigorated by the success and inspired to surpass all your expectations going forward.2018 in the RearviewDespite a ravaging bear market, Nexo has been able to deliver substantial accomplishments:Funding SecuredOn April 1, 2018, Nexo concluded an 11x oversubscribed Private Sale, which resulted in an initial funding boost of $52.5 million for Nexo’s instant crypto loans.The World’s Largest Security Token by Market CapNexo issued and distributed the world’s first complaint, dividend-paying asset-backed security token with utility features. We take pride in the fact that the NEXO Token has been the largest in its asset class by market cap ever since.The World’s Most Advanced Crypto Lending PlatformLess than a month later, on April 30, 2018, Nexo launched the world’s first instant crypto loans platform, allowing tens of thousands of people across the globe access to cash and HODLing at the same time. From day one, our service has been fully automated, leveraging on our 10+ years of expertise in online credit automation.Further enhancements of the platform saw the minimum loan amount being lowered to $1,000 (with a $100 minimum to follow soon); while we managed to raise the maximum loan amount to up to $2 million per individual client.Qualified Custodianship and Security of FundsThe security of clients funds has been of the highest priority, so we entrusted the handling of multi-signature wallets to qualified custodian BitGo. The trust company has an impeccable track record of safeguarding against breaches, is SOC 2 compliant and has implemented the Cryptocurrency Security Standard (CCSS) Level 3, an open protocol that focuses on the cryptocurrency storage that is currently the go-to standard for crypto wallets.A Truly Borderless EnterpriseOne of the milestones, which we are especially proud of is the fact that Nexo is the crypto lender with the widest reach, servicing crypto loans in more than 45 fiat currencies and across 200+ jurisdictions. Through our extensive network of banking relationships, we are the only blockchain business that can offer even the Nepalese Rupee, the Thai Baht, and the Korean Won, to name just a few.To provide our instant crypto loans in the most efficient manner possible, we have localized our product in Chinese, Korean, German, and Russian, while Spanish, French, Turkish, Japanese and many others will follow soon.Risk-Free Interest on StablecoinsAs part of the effort to further scale the Nexo enterprise, we initiated the Liquidity Provider Program, which allows clients to earn interest of up to 6.5% on a variety of stablecoins . It is accompanied by the only protection for stablecoins on the market which guarantees a 1-to-1 conversion to U.S. Dollars on any stablecoin.An Ever-Growing CommunityFollowing a survey through the community, Nexo became the world’s first lender to onboard XRP as a collateral option, which resulted in an enthusiastic XRP community.Along with NEXO, Binance’s coin BNB is one of the few safe havens in the crypto space, so we integrated it on the platform, a move that was appreciated by CZ. We will, of course, continue to onboard those crypto assets as collateral options that are most important to the blockchain community.Profitability in Just Six MonthsNexo’s model has been profitable from its very onset, setting us apart even from such FinTech giants like Revolut, TransferWise, Monzo, Robinhood, etc. that have seen multi-billion dollar valuations prior to reaching profitability.The First NEXO Dividend DistributionTo finish off the year accordingly, on December 15, 2018 Nexo paid out close to $1M (30% of its profits) to the NEXO Token Holders. With an annualized yield of 4.80%, the First NEXO Dividend beats all dividend-bearing stocks in Warren Buffet’s portfolio: Apple 1.4%, JPMorgan 3%, Wells Fargo 3.3%, Goldman Sachs 1.6%, and even Coca-Cola with 3.1%.NEXO Outperforming the Crypto MarketThis comes on top of the fact that the NEXO Token has outperformed all major crypto assets, including BTC, ETH, and XRP since May 2018, showing remarkable resilience in the ongoing bear market.Please also check out the Interim Report for an in-depth analysis of the market dynamics and the outstanding performance of the NEXO Token when compared to its peers in the blockchain space but also of Nexo as a company when compared to other FinTechs.https://medium.com/media/4c2c59ad35b358d7b4e2f42a4dcc461c/hrefThe Year AheadAll of the above combined with our strategic vision for the Nexo enterprise makes us beyond optimistic for 2019!Building a Global Company to Solve Real ProblemsThe Nexo Team is hard at work to deliver the following:Bringing the minimum loan amount down to $100Launching the comprehensive Nexo affiliate programExpanding the list of collateral options by constantly adding new assets to borrow against.Starting to issue the Nexo Card which will redefine the very essence of the word “instant”Launching the Nexo Mobile App on the Apple App Store and Google Play StoreRetain the highest standards in terms of compliance with global and local regulatory frameworksDeveloping commercial banking capabilities so that we are able to tap into the fiat deposit-taking and payments systemLaunching several features that we will keep in stealth mode, as to preserve our competitive advantagesThese are but a few examples of imminent milestones that will make the already seamless experience with Nexo an even better and all-encompassing one.The All-In-One Crypto Banking SolutionOur goal, of course, remains nothing short of preserving Nexo’s dominance of the crypto lending space and we truly believe that our underlying philosophy and approach will take the enterprise well beyond the lending domain in a soon-to-be tokenized world. Nexo will deliver the ultimate all-in-one crypto banking solution for the blockchain space. And we are glad to have you on board for this amazing journey!Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefThe Year in the Rearview, the Year Ahead was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 01. 14

Nexo Interim Report Decembe...

Nexo Interim Report — December 15, 2018Dear Nexo Investors,On December 15, 2018 Nexo distributed US$912,071.00 to eligible NEXO Token Holders.Today we are happy to present you with the Interim Report which shares our take on the current state of the market, evaluates the many landmarks attained, analyzes Nexo’s operating performance to date and the subsequent Nexo Dividend Distribution while shedding light on the road ahead.Please find the Nexo Interim Report below:Nexo Interim Report December 15, 2018.pdfAs a leading financial entity in the blockchain space, Nexo’s continuous goal is to be a profitable, yet compliant institutional-grade business enterprise. Sharing 30% of profits with our investors just six months after the product launch is an important milestone and testimony to the resilience of the Nexo instant loan model.Nexo Dividends ExplainedThe entire team would like to once again extend our gratitude to each and every member of the Nexo community for the ongoing support and steadfast believe Nexo.Make sure to check out our amazing video that visualizes Nexo’s accomplishments in 2018 in a terrific way. Feel free to share it with your circle of friends!https://medium.com/media/4c2c59ad35b358d7b4e2f42a4dcc461c/hrefWe look forward to many more fulfilling moments like this!Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefNexo Interim Report December 15, 2018 was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

18. 12. 20

Nexo Interim Report Decembe...

Nexo Interim Report — December 15, 2018Dear Nexo Investors,On December 15, 2018 Nexo distributed US$912,071.00 to eligible NEXO Token Holders.Today we are happy to present you with the Interim Report which shares our take on the current state of the market, evaluates the many landmarks attained, analyzes Nexo’s operating performance to date and the subsequent Nexo Dividend Distribution while shedding light on the road ahead.Please find the Nexo Interim Report below:Nexo Interim Report December 15, 2018.pdfAs a leading financial entity in the blockchain space, Nexo’s continuous goal is to be a profitable, yet compliant institutional-grade business enterprise. Sharing 30% of profits with our investors just six months after the product launch is an important milestone and testimony to the resilience of the Nexo instant loan model.Nexo Dividends ExplainedThe entire team would like to once again extend our gratitude to each and every member of the Nexo community for the ongoing support and steadfast believe Nexo.Make sure to check out our amazing video that visualizes Nexo’s accomplishments in 2018 in a terrific way. Feel free to share it with your circle of friends!https://medium.com/media/4c2c59ad35b358d7b4e2f42a4dcc461c/hrefWe look forward to many more fulfilling moments like this!Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefNexo Interim Report December 15, 2018 was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

18. 12. 20

Nexo Interim Report Decembe...

Nexo Interim Report — December 15, 2018Dear Nexo Investors,On December 15, 2018 Nexo distributed US$912,071.00 to eligible NEXO Token Holders.Today we are happy to present you with the Interim Report which shares our take on the current state of the market, evaluates the many landmarks attained, analyzes Nexo’s operating performance to date and the subsequent Nexo Dividend Distribution while shedding light on the road ahead.Please find the Nexo Interim Report below:Nexo Interim Report December 15, 2018.pdfAs a leading financial entity in the blockchain space, Nexo’s continuous goal is to be a profitable, yet compliant institutional-grade business enterprise. Sharing 30% of profits with our investors just six months after the product launch is an important milestone and testimony to the resilience of the Nexo instant loan model.Nexo Dividends ExplainedThe entire team would like to once again extend our gratitude to each and every member of the Nexo community for the ongoing support and steadfast believe Nexo.Make sure to check out our amazing video that visualizes Nexo’s accomplishments in 2018 in a terrific way. Feel free to share it with your circle of friends!https://medium.com/media/4c2c59ad35b358d7b4e2f42a4dcc461c/hrefWe look forward to many more fulfilling moments like this!Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefNexo Interim Report December 15, 2018 was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

18. 12. 20

Nexo Interim Report Decembe...

Nexo Interim Report — December 15, 2018Dear Nexo Investors,On December 15, 2018 Nexo distributed US$912,071.00 to eligible NEXO Token Holders.Today we are happy to present you with the Interim Report which shares our take on the current state of the market, evaluates the many landmarks attained, analyzes Nexo’s operating performance to date and the subsequent Nexo Dividend Distribution while shedding light on the road ahead.Please find the Nexo Interim Report below:Nexo Interim Report December 15, 2018.pdfAs a leading financial entity in the blockchain space, Nexo’s continuous goal is to be a profitable, yet compliant institutional-grade business enterprise. Sharing 30% of profits with our investors just six months after the product launch is an important milestone and testimony to the resilience of the Nexo instant loan model.Nexo Dividends ExplainedThe entire team would like to once again extend our gratitude to each and every member of the Nexo community for the ongoing support and steadfast believe Nexo.Make sure to check out our amazing video that visualizes Nexo’s accomplishments in 2018 in a terrific way. Feel free to share it with your circle of friends!https://medium.com/media/4c2c59ad35b358d7b4e2f42a4dcc461c/hrefWe look forward to many more fulfilling moments like this!Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefNexo Interim Report December 15, 2018 was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

18. 12. 20

Nexo Interim Report Decembe...

Nexo Interim Report — December 15, 2018Dear Nexo Investors,On December 15, 2018 Nexo distributed US$912,071.00 to eligible NEXO Token Holders.Today we are happy to present you with the Interim Report which shares our take on the current state of the market, evaluates the many landmarks attained, analyzes Nexo’s operating performance to date and the subsequent Nexo Dividend Distribution while shedding light on the road ahead.Please find the Nexo Interim Report below:Nexo Interim Report December 15, 2018.pdfAs a leading financial entity in the blockchain space, Nexo’s continuous goal is to be a profitable, yet compliant institutional-grade business enterprise. Sharing 30% of profits with our investors just six months after the product launch is an important milestone and testimony to the resilience of the Nexo instant loan model.The entire team would like to once again extend our gratitude to each and every member of the Nexo community for the ongoing support and steadfast believe Nexo.Make sure to check out our amazing video that visualizes Nexo’s accomplishments in 2018 in a terrific way. Feel free to share it with your circle of friends!https://medium.com/media/4c2c59ad35b358d7b4e2f42a4dcc461c/hrefWe look forward to many more fulfilling moments like this!Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefNexo Interim Report December 15, 2018 was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

18. 12. 20

TrueUSD Selects Nexo as Its...

The Nexo community has always been a source of inspirаtion, helping us generate new ideas about features that make the already seamless lending experience with Nexo even better.We are pleased to announce the first result of the strategic partnership between the world’s most advanced crypto lender Nexo and the company that is restoring confidence in the stablecoins space TrustToken.TrueUSD is now available both as a collateral and repayment option for Nexo’s instant crypto loans, making Nexo the official TrueUSD lending partner.Nexo clients can deposit TrueUSD and borrow against it with a 95% Loan-to-Value (LTV) ratio which provides an additional utility feature for the stablecoin. TrueUSD can further be used to fund existing loans, with no price risk for the customer.These latest developments come on top of the capability to earn up to 6.5% interest per year on TrueUSD and other stablecoins with a 1-to-1 USD conversion protection guaranteed by Nexo.The Three Steps That Make Your TrueUSD Work for YouOpen or log into your free and secure personal or business Nexo WalletNexo has a crypto custodian insurance policy of up to $100M, provided by BitGo and Lloyd’s of London. See the details here.Add crypto assets to your Nexo Wallet No minimum amount is required. Аs soon as the transaction is confirmed on the blockchain, you instantly start earning interest.Enjoy your high-yielding passive income as the increasing daily interest income accumulates in your Nexo Wallet. The power of compounding ensures that every day a larger interest amount is credited into your account.TrueUSD has quickly gained traction and has recently surpassed the 200 million market cap threshold. TrustToken, the company underpinning it, offers regular attestation of its escrowed balance, 1-for-1 US dollar redemption and legal recourse against any misappropriation of the underlying assets. These concepts have been welcomed by a very receptive blockchain community.The partnership between TrustToken and Nexo has come naturally, as the two companies are among the rare-breed of blockchain companies to have delivered working solutions to the real problems that plaguing the crypto community.As a profitable enterprise from day 1 and the issuer of the largest security token by market cap, Nexo is distributing US$912,071.00 to NEXO Token Holders on December 15, 2018 via an interim dividend.Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefTrueUSD Selects Nexo as Its Official Lending Partner was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

18. 12. 12

TrueUSD Selects Nexo as Its...

The Nexo community has always been a source of inspirаtion, helping us generate new ideas about features that make the already seamless lending experience with Nexo even better.We are pleased to announce the first result of the strategic partnership between the world’s most advanced crypto lender Nexo and the company that is restoring confidence in the stablecoins space TrustToken.TrueUSD is now available both as a collateral and repayment option for Nexo’s instant crypto loans, making Nexo the official TrueUSD lending partner.Nexo clients can deposit TrueUSD and borrow against it with a 95% Loan-to-Value (LTV) ratio which provides an additional utility feature for the stablecoin. TrueUSD can further be used to fund existing loans, with no price risk for the customer.These latest developments come on top of the capability to earn up to 6.5% interest per year on TrueUSD and other stablecoins with a 1-to-1 USD conversion protection guaranteed by Nexo.TrueUSD has quickly gained traction and has recently surpassed the 200 million market cap threshold. TrustToken, the company underpinning it, offers regular attestation of its escrowed balance, 1-for-1 US dollar redemption and legal recourse against any misappropriation of the underlying assets. These concepts have been welcomed by a very receptive blockchain community.The partnership between TrustToken and Nexo has come naturally, as the two companies are among the rare-breed of blockchain companies to have delivered working solutions to the real problems that plaguing the crypto community.As a profitable enterprise from day 1 and the issuer of the largest security token by market cap, Nexo is distributing US$912,071.00 to NEXO Token Holders on December 15, 2018 via an interim dividend.Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefTrueUSD Selects Nexo as Its Official Lending Partner was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

18. 12. 12

TrueUSD Selects Nexo as Its...

The Nexo community has always been a source of inspirаtion, helping us generate new ideas about features that make the already seamless lending experience with Nexo even better.We are pleased to announce the first result of the strategic partnership between the world’s most advanced crypto lender Nexo and the company that is restoring confidence in the stablecoins space TrustToken.TrueUSD is now available both as a collateral and repayment option for Nexo’s instant crypto loans, making Nexo the official TrueUSD lending partner.Nexo clients can deposit TrueUSD and borrow against it with a 95% Loan-to-Value (LTV) ratio which provides an additional utility feature for the stablecoin. TrueUSD can further be used to fund existing loans, with no price risk for the customer.These latest developments come on top of the capability to earn up to 6.5% interest per year on TrueUSD and other stablecoins with a 1-to-1 USD conversion protection guaranteed by Nexo.The Three Steps That Make Your TrueUSD Work for YouOpen or log into your free and secure personal or business Nexo WalletNexo has a crypto custodian insurance policy of up to $100M, provided by BitGo and Lloyd’s of London. See the details here.Add crypto assets to your Nexo Wallet No minimum amount is required. Аs soon as the transaction is confirmed on the blockchain, you instantly start earning interest.Enjoy your high-yielding passive income as the increasing daily interest income accumulates in your Nexo Wallet. The power of compounding ensures that every day a larger interest amount is credited into your account.TrueUSD has quickly gained traction and has recently surpassed the 200 million market cap threshold. TrustToken, the company underpinning it, offers regular attestation of its escrowed balance, 1-for-1 US dollar redemption and legal recourse against any misappropriation of the underlying assets. These concepts have been welcomed by a very receptive blockchain community.The partnership between TrustToken and Nexo has come naturally, as the two companies are among the rare-breed of blockchain companies to have delivered working solutions to the real problems that plaguing the crypto community.As a profitable enterprise from day 1 and the issuer of the largest security token by market cap, Nexo is distributing US$912,071.00 to NEXO Token Holders on December 15, 2018 via an interim dividend.Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefTrueUSD Selects Nexo as Its Official Lending Partner was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

18. 12. 12

TrueUSD Selects Nexo as Its...

The Nexo community has always been a source of inspirаtion, helping us generate new ideas about features that make the already seamless lending experience with Nexo even better.We are pleased to announce the first result of the strategic partnership between the world’s most advanced crypto lender Nexo and the company that is restoring confidence in the stablecoins space TrustToken.TrueUSD is now available both as a collateral and repayment option for Nexo’s instant crypto loans, making Nexo the official TrueUSD lending partner.Nexo clients can deposit TrueUSD and borrow against it with a 95% Loan-to-Value (LTV) ratio which provides an additional utility feature for the stablecoin. TrueUSD can further be used to fund existing loans, with no price risk for the customer.These latest developments come on top of the capability to earn up to 6.5% interest per year on TrueUSD and other stablecoins with a 1-to-1 USD conversion protection guaranteed by Nexo.TrueUSD has quickly gained traction and has recently surpassed the 200 million market cap threshold. TrustToken, the company underpinning it, offers regular attestation of its escrowed balance, 1-for-1 US dollar redemption and legal recourse against any misappropriation of the underlying assets. These concepts have been welcomed by a very receptive blockchain community.The partnership between TrustToken and Nexo has come naturally, as the two companies are among the rare-breed of blockchain companies to have delivered working solutions to the real problems that plaguing the crypto community.As a profitable enterprise from day 1 and the issuer of the largest security token by market cap, Nexo is distributing US$912,071.00 to NEXO Token Holders on December 15, 2018 via an interim dividend.Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefTrueUSD Selects Nexo as Its Official Lending Partner was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

18. 12. 12

TrueUSD Selects Nexo as Its...

The Nexo community has always been a source of inspirаtion, helping us generate new ideas about features that make the already seamless lending experience with Nexo even better.We are pleased to announce the first result of the strategic partnership between the world’s most advanced crypto lender Nexo and the company that is restoring confidence in the stablecoins space TrustToken.TrueUSD is now available both as a collateral and repayment option for Nexo’s instant crypto loans, making Nexo the official TrueUSD lending partner.Nexo clients can deposit TrueUSD and borrow against it with a 95% Loan-to-Value (LTV) ratio which provides an additional utility feature for the stablecoin. TrueUSD can further be used to fund existing loans, with no price risk for the customer.These latest developments come on top of the capability to earn up to 6.5% interest per year on TrueUSD and other stablecoins with a 1-to-1 USD conversion protection guaranteed by Nexo.TrueUSD has quickly gained traction and has recently surpassed the 200 million market cap threshold. TrustToken, the company underpinning it, offers regular attestation of its escrowed balance, 1-for-1 US dollar redemption and legal recourse against any misappropriation of the underlying assets. These concepts have been welcomed by a very receptive blockchain community.The partnership between TrustToken and Nexo has come naturally, as the two companies are among the rare-breed of blockchain companies to have delivered working solutions to the real problems that plaguing the crypto community.As a profitable enterprise from day 1 and the issuer of the largest security token by market cap, Nexo is distributing US$912,071.00 to NEXO Token Holders on December 15, 2018 via an interim dividend.Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefTrueUSD Selects Nexo as Its Official Lending Partner was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

18. 12. 12

Interim Dividend for NEXO T...

US$912,071.00 Interim Dividend for NEXO Token Holders ApprovedNexo’s Board of Directors is pleased to announce an interim dividend of US$912,071.00, to be paid out to NEXO Token Holders on December 15, 2018, subject to eligibility requirements.UPDATE: As of dividend record date (December 5, 2018 — 15:00 UTC), there are 309,658,705 eligible tokens which shows that the annualized dividend yield of NEXO is 4.80% and beats all dividend stocks in Buffet’s portfolio: Apple 1.4%, JPMorgan 3%, Wells Fargo 3.3%, Goldman Sachs 1.6%Nexo Dividends ExplainedNexo is confident that its superior lending services and user experience will deliver sustained, long-term profitability and growing returns for the NEXO Token Holders.Detailed information: Interim Dividend AnnouncementNexo Interim Report December 15, 2018As a leading financial entity in the blockchain space, Nexo’s goal has always been to be a profitable, but yet compliant institutional-grade business enterprise. Sharing 30% of profits with our investors just six months after the product launch is an important milestone and testimony to the resilience of the Nexo instant loan model.Getting Your Instant Nexo Loan in Three Easy Steps in 200+ jurisdictions and 45+ currenciesDo check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story.Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefInterim Dividend for NEXO Token Holders Approved was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

18. 12. 04

Interim Dividend for NEXO T...

US$912,071.00 Interim Dividend for NEXO Token Holders ApprovedNexo’s Board of Directors is pleased to announce an interim dividend of US$912,071.00, to be paid out to NEXO Token Holders on December 15, 2018, subject to eligibility requirements.UPDATE: As of dividend record date (December 5, 2018 — 15:00 UTC), there are 309,658,705 eligible tokens which shows that the annualized dividend yield of NEXO is 4.80% and beats all dividend stocks in Buffet’s portfolio: Apple 1.4%, JPMorgan 3%, Wells Fargo 3.3%, Goldman Sachs 1.6%Nexo Dividends ExplainedNexo is confident that its superior lending services and user experience will deliver sustained, long-term profitability and growing returns for the NEXO Token Holders.Detailed information: Interim Dividend AnnouncementNexo Interim Report December 15, 2018As a leading financial entity in the blockchain space, Nexo’s goal has always been to be a profitable, but yet compliant institutional-grade business enterprise. Sharing 30% of profits with our investors just six months after the product launch is an important milestone and testimony to the resilience of the Nexo instant loan model.Getting Your Instant Nexo Loan in Three Easy Steps in 200+ jurisdictions and 45+ currenciesDo check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story.Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefInterim Dividend for NEXO Token Holders Approved was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

18. 12. 04

Interim Dividend for NEXO T...

US$912,071.00 Interim Dividend for NEXO Token Holders ApprovedNexo’s Board of Directors is pleased to announce an interim dividend of US$912,071.00, to be paid out to NEXO Token Holders on December 15, 2018, subject to eligibility requirements.UPDATE: As of dividend record date (December 5, 2018 — 15:00 UTC), there are 309,658,705 eligible tokens which shows that the annualized dividend yield of NEXO is 4.80% and beats all dividend stocks in Buffet’s portfolio: Apple 1.4%, JPMorgan 3%, Wells Fargo 3.3%, Goldman Sachs 1.6%Nexo Dividends ExplainedNexo is confident that its superior lending services and user experience will deliver sustained, long-term profitability and growing returns for the NEXO Token Holders.Detailed information: Interim Dividend AnnouncementNexo Interim Report December 15, 2018As a leading financial entity in the blockchain space, Nexo’s goal has always been to be a profitable, but yet compliant institutional-grade business enterprise. Sharing 30% of profits with our investors just six months after the product launch is an important milestone and testimony to the resilience of the Nexo instant loan model.Getting Your Instant Nexo Loan in Three Easy Steps in 200+ jurisdictions and 45+ currenciesDo check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story.Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefInterim Dividend for NEXO Token Holders Approved was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

18. 12. 04

Interim Dividend for NEXO T...

US$912,071.00 Interim Dividend for NEXO Token Holders ApprovedNexo’s Board of Directors is pleased to announce an interim dividend of US$912,071.00, to be paid out to NEXO Token Holders on December 15, 2018, subject to eligibility requirements.UPDATE: As of dividend record date (December 5, 2018 — 15:00 UTC), there are 309,658,705 eligible tokens which shows that the annualized dividend yield of NEXO is 4.80% and beats all dividend stocks in Buffet’s portfolio: Apple 1.4%, JPMorgan 3%, Wells Fargo 3.3%, Goldman Sachs 1.6%Nexo Dividends ExplainedNexo is confident that its superior lending services and user experience will deliver sustained, long-term profitability and growing returns for the NEXO Token Holders.Detailed information: Interim Dividend AnnouncementAs a leading financial entity in the blockchain space, Nexo’s goal has always been to be a profitable, but yet compliant institutional-grade business enterprise. Sharing 30% of profits with our investors just six months after the product launch is an important milestone and testimony to the resilience of the Nexo instant loan model.Getting Your Instant Nexo Loan in Three Easy Steps in 200+ jurisdictions and 45+ currenciesDo check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story.Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefInterim Dividend for NEXO Token Holders Approved was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

18. 12. 04

Nexo Dividends Explained

The creation of token holder value and pioneering financial innovation for the blockchain space are both encoded in Nexo’s DNA. In an environment, where less than 13% of ICOs have delivered a live product, according to a recent report by Ernst & Young, Nexo has raised funds ins an SEC-compliant security offering and we have been able to develop a user-friendly crypto lending wallet and a profitable business model in less than six months.Only with Nexo, clients can expect instant crypto loans with no credit checks, as well as SEC-approved custodianship, military-grade security, and an uncompromised user experience. Nexo is the only company in the crypto space to service 45+ fiat currencies in more than 200 jurisdictions.Getting Your Instant Nexo Loan in Three Easy Steps in 200+ jurisdictions and 45+ currenciesAs we rapidly progress with our roadmap, Nexo will continue to unveil amazing features and provide an ever-larger set of possibilities for our clients, partners and investors.Recently, Nexo announced that the First Nexo Dividend will be paid on December 15, 2018.Nexo Interim Report December 15, 2018How Is The Dividend CalculatedNexo is a financial institution and currently generates operating revenues from interest on crypto loans. At the same time, in order to develop its strategy, expand its service range and manage its day-to-day agenda, Nexo incurs expenses related to sales, general operations, marketing and administration and pays corporate tax, etc.70% from the company’s Net Profit will be reinvested back into the company to fund more crypto loans, and a fixed 30% from the Net Profit is paid out as dividend to the eligible NEXO Token holders in the given dividend period.Two Separate Dividend PaymentsNexo uses an innovative dividend-distribution methodology that rewards long-term investor confidence in Nexo and also decrease market volatility around ex-dividend dates. This approach results in the dividend profit-sharing to be split into two parts:Base Dividend — paid out to all eligible token holders proportionally to their NEXO Token holdings;Loyalty Dividend — paid out individually for each NEXO Token based on how long it has been in the Nexo Wallet from one ex-dividend date to the next. The share of the Loyalty Dividend will be no less than 1/3 of the total dividend amount to be distributed in any given period.This approach aims to ensure fairness in the dividend distribution, to prevent fraud, market and price manipulation which are sometimes witnessed with dividend-yielding common stocks around the world.This notion has been around for some time now in the traditional financial world via the introduction of Loyalty Shares (L-shares), described by Columbia University’s Patrick Bolton and Credit Agricole Group, and has been implemented by numerous Wall Street companies.Dividend Eligibility RequirementsNexo dividends are distributed to eligible NEXO Token holders, including for NEXO Tokens used as collateral for loans, as long as two conditions are met:1. NEXO Tokens must be held/staked in your Nexo Wallet at the ex-dividend date, which is 10 days prior to the dividend distribution date;2. NEXO Token holders must undergo a one-time verification just as they would do at any other compliant financial institution. Nexo’s Know-Your-Customer (KYC) process is very simple, fully automated and usually takes less 2 minutes.Please note that eligible token holders will also receive proportionally the dividends of all ineligible token holders.Opting for the compliant way of an SEC-registered security token offering, Nexo has ongoing requirements to identify its token holders and their eligibility to receive payouts, in line with global KYC/AML/CTF compliance regulations.In the near future, the advancing of the various security token protocols and decentralized KYC compliance standards will allow NEXO Token holders to store their tokens outside of their Nexo Wallets and still be eligible for dividends.Dividend DistributionDividends are calculated in USD and paid in your Nexo Wallet in BTC and/or ETH and/or NEXO Tokens and/or USD stable coin, whichever creates greater value for NEXO Token holders at the given moment, which will be decided by Nexo. Should NEXO Tokens be used, they will be acquired by Nexo on exchanges or collected from loan interest repayments using NEXO - as of course no new tokens can be issued, as specified in the audited smart contract. In any case, the ETH/USD and NEXO/USD conversion rates used upon dividend distribution are based on volume-weighted averages across multiple exchanges.Frequency of DividendsCorporations around the world customarily handle dividend distributions on an annual basis. At the end of each fiscal year and based on their profitability, they decide on distributing dividends at a certain point during the following fiscal year. In the best interest of our investors, Nexo is committed to introducing more frequent dividend payments where operating results and industry standards permit. Not only does this offer our investorslong-term capital gain opportunities from the potential upside of the NEXO Token but also provides them with an instrument with a regular and growing passive income.Disclaimer: Nexo does not provide any tax, legal, accounting or reporting advice. You should always consult your own tax, legal and accounting advisors on related matters.Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefNexo Dividends Explained was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

18. 11. 23

Nexo Dividends Explained

The creation of token holder value and pioneering financial innovation for the blockchain space are both encoded in Nexo’s DNA. In an environment, where less than 13% of ICOs have delivered a live product, according to a recent report by Ernst & Young, Nexo has raised funds ins an SEC-compliant security offering and we have been able to develop a user-friendly crypto lending wallet and a profitable business model in less than six months.Only with Nexo, clients can expect instant crypto loans with no credit checks, as well as SEC-approved custodianship, military-grade security, and an uncompromised user experience. Nexo is the only company in the crypto space to service 45+ fiat currencies in more than 200 jurisdictions.Getting Your Instant Nexo Loan in Three Easy Steps in 200+ jurisdictions and 45+ currenciesAs we rapidly progress with our roadmap, Nexo will continue to unveil amazing features and provide an ever-larger set of possibilities for our clients, partners and investors.Recently, Nexo announced that the First Nexo Dividend will be paid on December 15, 2018.Nexo Interim Report December 15, 2018How Is The Dividend CalculatedNexo is a financial institution and currently generates operating revenues from interest on crypto loans. At the same time, in order to develop its strategy, expand its service range and manage its day-to-day agenda, Nexo incurs expenses related to sales, general operations, marketing and administration and pays corporate tax, etc.70% from the company’s Net Profit will be reinvested back into the company to fund more crypto loans, and a fixed 30% from the Net Profit is paid out as dividend to the eligible NEXO Token holders in the given dividend period.Two Separate Dividend PaymentsNexo uses an innovative dividend-distribution methodology that rewards long-term investor confidence in Nexo and also decrease market volatility around ex-dividend dates. This approach results in the dividend profit-sharing to be split into two parts:Base Dividend — paid out to all eligible token holders proportionally to their NEXO Token holdings;Loyalty Dividend — paid out individually for each NEXO Token based on how long it has been in the Nexo Wallet from one ex-dividend date to the next. The share of the Loyalty Dividend will be no less than 1/3 of the total dividend amount to be distributed in any given period.This approach aims to ensure fairness in the dividend distribution, to prevent fraud, market and price manipulation which are sometimes witnessed with dividend-yielding common stocks around the world.This notion has been around for some time now in the traditional financial world via the introduction of Loyalty Shares (L-shares), described by Columbia University’s Patrick Bolton and Credit Agricole Group, and has been implemented by numerous Wall Street companies.Dividend Eligibility RequirementsNexo dividends are distributed to eligible NEXO Token holders, including for NEXO Tokens used as collateral for loans, as long as two conditions are met:1. NEXO Tokens must be held/staked in your Nexo Wallet at the ex-dividend date, which is 10 days prior to the dividend distribution date;2. NEXO Token holders must undergo a one-time verification just as they would do at any other compliant financial institution. Nexo’s Know-Your-Customer (KYC) process is very simple, fully automated and usually takes less 2 minutes.Please note that eligible token holders will also receive proportionally the dividends of all ineligible token holders.Opting for the compliant way of an SEC-registered security token offering, Nexo has ongoing requirements to identify its token holders and their eligibility to receive payouts, in line with global KYC/AML/CTF compliance regulations.In the near future, the advancing of the various security token protocols and decentralized KYC compliance standards will allow NEXO Token holders to store their tokens outside of their Nexo Wallets and still be eligible for dividends.Dividend DistributionDividends are calculated in USD and paid in your Nexo Wallet in BTC and/or ETH and/or NEXO Tokens and/or USD stable coin, whichever creates greater value for NEXO Token holders at the given moment, which will be decided by Nexo. Should NEXO Tokens be used, they will be acquired by Nexo on exchanges or collected from loan interest repayments using NEXO - as of course no new tokens can be issued, as specified in the audited smart contract. In any case, the ETH/USD and NEXO/USD conversion rates used upon dividend distribution are based on volume-weighted averages across multiple exchanges.Frequency of DividendsCorporations around the world customarily handle dividend distributions on an annual basis. At the end of each fiscal year and based on their profitability, they decide on distributing dividends at a certain point during the following fiscal year. In the best interest of our investors, Nexo is committed to introducing more frequent dividend payments where operating results and industry standards permit. Not only does this offer our investorslong-term capital gain opportunities from the potential upside of the NEXO Token but also provides them with an instrument with a regular and growing passive income.Disclaimer: Nexo does not provide any tax, legal, accounting or reporting advice. You should always consult your own tax, legal and accounting advisors on related matters.Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefNexo Dividends Explained was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

18. 11. 23

Nexo Dividends Explained

The creation of token holder value and pioneering financial innovation for the blockchain space are both encoded in Nexo’s DNA. In an environment, where less than 13% of ICOs have delivered a live product, according to a recent report by Ernst & Young, Nexo has raised funds ins an SEC-compliant security offering and we have been able to develop a user-friendly crypto lending wallet and a profitable business model in less than six months.Only with Nexo, clients can expect instant crypto loans with no credit checks, as well as SEC-approved custodianship, military-grade security, and an uncompromised user experience. Nexo is the only company in the crypto space to service 45+ fiat currencies in more than 200 jurisdictions.Getting Your Instant Nexo Loan in Three Easy Steps in 200+ jurisdictions and 45+ currenciesAs we rapidly progress with our roadmap, Nexo will continue to unveil amazing features and provide an ever-larger set of possibilities for our clients, partners and investors.Recently, Nexo announced that the First Nexo Dividend will be paid on December 15, 2018.How Is The Dividend CalculatedNexo is a financial institution and currently generates operating revenues from interest on crypto loans. At the same time, in order to develop its strategy, expand its service range and manage its day-to-day agenda, Nexo incurs expenses related to sales, general operations, marketing and administration and pays corporate tax, etc.70% from the company’s Net Profit will be reinvested back into the company to fund more crypto loans, and a fixed 30% from the Net Profit is paid out as dividend to the eligible NEXO Token holders in the given dividend period.Two Separate Dividend PaymentsNexo uses an innovative dividend-distribution methodology that rewards long-term investor confidence in Nexo and also decrease market volatility around ex-dividend dates. This approach results in the dividend profit-sharing to be split into two parts:Base Dividend — paid out to all eligible token holders proportionally to their NEXO Token holdings;Loyalty Dividend — paid out individually for each NEXO Token based on how long it has been in the Nexo Wallet from one ex-dividend date to the next. The share of the Loyalty Dividend will be no less than 1/3 of the total dividend amount to be distributed in any given period.This approach aims to ensure fairness in the dividend distribution, to prevent fraud, market and price manipulation which are sometimes witnessed with dividend-yielding common stocks around the world.This notion has been around for some time now in the traditional financial world via the introduction of Loyalty Shares (L-shares), described by Columbia University’s Patrick Bolton and Credit Agricole Group, and has been implemented by numerous Wall Street companies.Dividend Eligibility RequirementsNexo dividends are distributed to eligible NEXO Token holders, including for NEXO Tokens used as collateral for loans, as long as two conditions are met:1. NEXO Tokens must be held/staked in your Nexo Wallet at the ex-dividend date, which is 10 days prior to the dividend distribution date;2. NEXO Token holders must undergo a one-time verification just as they would do at any other compliant financial institution. Nexo’s Know-Your-Customer (KYC) process is very simple, fully automated and usually takes less 2 minutes.Please note that eligible token holders will also receive proportionally the dividends of all ineligible token holders.Opting for the compliant way of an SEC-registered security token offering, Nexo has ongoing requirements to identify its token holders and their eligibility to receive payouts, in line with global KYC/AML/CTF compliance regulations.In the near future, the advancing of the various security token protocols and decentralized KYC compliance standards will allow NEXO Token holders to store their tokens outside of their Nexo Wallets and still be eligible for dividends.Dividend DistributionDividends are calculated in USD and paid in your Nexo Wallet in BTC and/or ETH and/or NEXO Tokens and/or USD stable coin, whichever creates greater value for NEXO Token holders at the given moment, which will be decided by Nexo. Should NEXO Tokens be used, they will be acquired by Nexo on exchanges or collected from loan interest repayments using NEXO - as of course no new tokens can be issued, as specified in the audited smart contract. In any case, the ETH/USD and NEXO/USD conversion rates used upon dividend distribution are based on volume-weighted averages across multiple exchanges.Frequency of DividendsCorporations around the world customarily handle dividend distributions on an annual basis. At the end of each fiscal year and based on their profitability, they decide on distributing dividends at a certain point during the following fiscal year. In the best interest of our investors, Nexo is committed to introducing more frequent dividend payments where operating results and industry standards permit. Not only does this offer our investorslong-term capital gain opportunities from the potential upside of the NEXO Token but also provides them with an instrument with a regular and growing passive income.Disclaimer: Nexo does not provide any tax, legal, accounting or reporting advice. You should always consult your own tax, legal and accounting advisors on related matters.Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefNexo Dividends Explained was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

18. 11. 23

Before Nexo, There Was Cred...

While this blog primarily discusses news and events surrounding Nexo, one can not really understand and get a good grasp of the world’s largest crypto lender without taking a closer look at Credissimo — our FinTech company that has been providing financial innovation since 2007 and has helped shape the Nexo crypto lending model.About CredissimoCredissimo is a leading European FinTech Group that implements innovative proprietary technology and automation of processes, combined with a superior customer experience. This enables the company to deliver unmatched efficiencies and state-of-the-art consumer finance solutions to millions of people across Europe.Credissimo brings more than 10 years of online lending automation experience — the company was a “FinTech” before the term was even coined.At the heart of Credissimo’s unique operating model is its sophisticated proprietary algorithmic platform, which incorporates instant online loan approval, risk management, and collection systems. The product is optimized to operate in any country, regulatory environment, language, and currency, and is readily available to support the company’s continuous global expansion.Ever since its inception, Credissimo has always been strictly supervised by several European Financial Services and Central Bank regulators and adheres to the regulatory standards of the jurisdictions in which it is operating, while operating in accordance with a strict framework for a professional and ethical conduct.Transparency in all activities is a prime reason for Credissimo’s success story. Regular and comprehensive reports are issued on a consolidated basis and Deloitte is retained to audit the financial statements for the benefit of the company’s international customer base and institutional partners.Credissimo’s principles of fairness and integrity are the key to the company’s rapid expansion — with subsidiaries in several European countries and most recently established operations for strategic growth through coverage of the South American continent.Credissimo’s proprietary loan administration and receivable collection systems were diligently developed and optimized to ensure a below industry-average non-performance levels and greater profitability.Last, but not least, the company’s seamless user experience, automated processes and AI-enhanced customer service have contributed to Credissimo becoming the preferred lender and favorite consumer brand over several years in a row in multiple markets. The company’s capabilities and recognition put it in the prime position to expand further from a leading European FinTech player to a global, institutional powerhouse.Awards & RecognitionOver the years Credissimo has received numerous prestigious awards. Its most recent accolades were the first place awards for “Financial Sector Innovation” and “Quality of Services” from the Forbes Business Awards 2017.Other notable accomplishments have been the “Innovation of the Year” award in 2017 whereCredissimo has been recognized for developing the first chatbot service for loan applications in the world.It also took home first place in the “Technology innovation” and “Marketing and PR Innovation” categories.Credissimo’s Relation to NexoSome of Credissimo’s founders delivered the essence of Credissimo’s background in instant online lending to Nexo by adapting this successful operating model to the blockchain space. Nexo’s instant crypto loans serve as the crucial answer to the past decade’s dilemma of how to enjoy one’s crypto-wealth without selling it.While being powered by Credissimo’s 10-year experience in online lending, Nexo is a separate legal entity. In comparison to Credissimo’s unsecured consumer lending business, Nexo runs a simpler loan underwriting and administration model.In this respect, Nexo’s business model is uniquely positioned to be equally attractive to customers and investors with the massive potential to make the company a household name on a global and borderless scale.Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefBefore Nexo, There Was Credissimo was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

18. 11. 22

Before Nexo, There Was Cred...

While this blog primarily discusses news and events surrounding Nexo, one can not really understand and get a good grasp of the world’s largest crypto lender without taking a closer look at Credissimo — our FinTech company that has been providing financial innovation since 2007 and has helped shape the Nexo crypto lending model.About CredissimoCredissimo is a leading European FinTech Group that implements innovative proprietary technology and automation of processes, combined with a superior customer experience. This enables the company to deliver unmatched efficiencies and state-of-the-art consumer finance solutions to millions of people across Europe.Credissimo brings more than 10 years of online lending automation experience — the company was a “FinTech” before the term was even coined.At the heart of Credissimo’s unique operating model is its sophisticated proprietary algorithmic platform, which incorporates instant online loan approval, risk management, and collection systems. The product is optimized to operate in any country, regulatory environment, language, and currency, and is readily available to support the company’s continuous global expansion.Ever since its inception, Credissimo has always been strictly supervised by several European Financial Services and Central Bank regulators and adheres to the regulatory standards of the jurisdictions in which it is operating, while operating in accordance with a strict framework for a professional and ethical conduct.Transparency in all activities is a prime reason for Credissimo’s success story. Regular and comprehensive reports are issued on a consolidated basis and Deloitte is retained to audit the financial statements for the benefit of the company’s international customer base and institutional partners.Credissimo’s principles of fairness and integrity are the key to the company’s rapid expansion — with subsidiaries in several European countries and most recently established operations for strategic growth through coverage of the South American continent.Credissimo’s proprietary loan administration and receivable collection systems were diligently developed and optimized to ensure a below industry-average non-performance levels and greater profitability.Last, but not least, the company’s seamless user experience, automated processes and AI-enhanced customer service have contributed to Credissimo becoming the preferred lender and favorite consumer brand over several years in a row in multiple markets. The company’s capabilities and recognition put it in the prime position to expand further from a leading European FinTech player to a global, institutional powerhouse.Awards & RecognitionOver the years Credissimo has received numerous prestigious awards. Its most recent accolades were the first place awards for “Financial Sector Innovation” and “Quality of Services” from the Forbes Business Awards 2017.Other notable accomplishments have been the “Innovation of the Year” award in 2017 whereCredissimo has been recognized for developing the first chatbot service for loan applications in the world.It also took home first place in the “Technology innovation” and “Marketing and PR Innovation” categories.Credissimo’s Relation to NexoSome of Credissimo’s founders delivered the essence of Credissimo’s background in instant online lending to Nexo by adapting this successful operating model to the blockchain space. Nexo’s instant crypto loans serve as the crucial answer to the past decade’s dilemma of how to enjoy one’s crypto-wealth without selling it.While being powered by Credissimo’s 10-year experience in online lending, Nexo is a separate legal entity. In comparison to Credissimo’s unsecured consumer lending business, Nexo runs a simpler loan underwriting and administration model.In this respect, Nexo’s business model is uniquely positioned to be equally attractive to customers and investors with the massive potential to make the company a household name on a global and borderless scale.Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefBefore Nexo, There Was Credissimo was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

18. 11. 22

Earn Interest and Protect Y...

Nexo already is the most advanced and trusted crypto lending provider on a global scale. Now retail and institutional investors have the opportunity to become a Liquidity Provider on the Nexo platform and partake in yet another way in Nexo’s success.Market participants can currently earn interest of 6.5% on a variety of stablecoins — Tether (USDT) & TrueUSD (TUSD), and all others Gemini Dollar (GUSD), USD Coin (USDC), Dai (DAI) and Paxos Standard Token (PAX) coming soon.1-to-1 USD Conversion Protection GuaranteeIn an industry first, and to address recent concerns about Tether (USDT), Nexo is pioneering the only protection for stablecoins on the market by guaranteeing a 1-to-1 conversion to U.S. Dollars on any stablecoin that Liquidity Providers contribute to Nexo. This unique feature can only be guaranteed by Nexo, as the leading crypto lender, and our rapidly expanding asset-backed portfolio of overcollateralized crypto loans.Liquidity providers on the Nexo platform are currently introduced to an attractive annual interest rate of 6.5% on their stablecoins, credited daily, with the flexibility to withdraw at any time. The daily interest is paid in the same stablecoin that is deposited by the liquidity provider.There are no minimum contribution amounts. Clients are free to contribute and withdraw anytime as much or as little as they want.*Nexo is the only crypto lender in the space to offer insured custody, guaranteeing customers a piece of mind.This latest development comes after steep growth of the loans issued, following the acceptance of XRP as collateral and the ubiquitous #NexoEverywhere campaign that has brought integrations with the leading crypto sites, wallets, and apps like CoinMarketCap, Etherscan, CryptoCompare, CoinGecko, LiveCoinWatch, Ethos.io and many more!All stablecoins contributions will directly finance the expansion of Nexo’s crypto loans at competitive interest rates of 8–16% APR.Nexo carries the professional responsibility and mission to satisfy the overwhelming loan demand and reaching out to the blockchain community is one of the immediate ways of achieving that.This strategy optimally complements Nexo’s continuous efforts to optimize the enterprise’s cost of funding, which include, but are not limited to:Due diligence on two (one European and one US) banks whose possible acquisition would allow Nexo to enhance its asset-liability and risk management, as well as to diversify its sources of financing at most attractive rates;Securitization of Nexo’s asset-backed portfolio and investments in it by traditional financial institutions, seeking exposure to the crypto space;Arrangement and placement of institutional wholesale debt financing from the financial centers of the world.Start earning interest and protect your stablecoins today!*Terms and conditions, restrictions on certain jurisdictions may apply. For U.S. citizens “accredited investor” status is required.Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefEarn Interest and Protect Your Stablecoins with Nexo’s 1-to-1 Conversion Guarantee was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

18. 10. 30

Transaction History
Transaction History Market Market Transaction volume Address
Hotbit NEXO/BTC 106.15 1,688,451,884.40 Short cut
Huobi Global NEXO/ETH 105.07 649,303,658.73 Short cut
Bitrue NEXO/BTC 104.68 166,320,078.98 Short cut
Trade.io NEXO/ETH 106.98 5,780,036.42 Short cut
Coinbit NEXO/KRW 145.00 4,362,366.55 Short cut
LiveCoin NEXO/BTC 124.01 582,506.07 Short cut
HitBTC NEXO/USDT 105.42 37,037.06 Short cut
Huobi Korea NEXO/ETH 103.57 17,110.54 Short cut
YObit NEXO/BTC 104.08 13,554.75 Short cut
Bitbns NEXO/INR 130.67 2,638.17 Short cut
Allbit NEXO/ETH 95.11 0.00 Short cut
Bancor Network NEXO/BNT 60.55 0.00 Short cut
MERCATOX NEXO/ETH 94.33 0.00 Short cut
DDEX To be provided later To be provided later To be provided later Short cut
Security verification

There is security verification of the project
Why security verification is necessary?

Read more

comment

* Written questions can not be edited.

* The questions will be answered directly by the token team.

Information
Platform ERC20
Accepting
Hard cap -
Audit -
Stage -
Location -
Market of major crypto coins *2019년 09월 16일 last update

Bitcoin

BTC

12,257,464.00 KRW 0.19%

Ethereum

ETH

229,910.13 KRW 3.86%

Ripple

XRP

310.77 KRW 0.29%

Bitcoin Cash

BCH

363,901.59 KRW 0.91%

Litecoin

LTC

84,521.13 KRW 1.39%

Tether

USDT

1,188.40 KRW 0.16%

EOS

EOS

4,840.17 KRW 1.92%

Binance Coin

BNB

24,683.32 KRW 0.77%

Bitcoin SV

BSV

146,612.68 KRW 2.26%

Monero

XMR

89,429.26 KRW 1.15%

Cardano

ADA

56.07 KRW 2.00%

Stellar

XLM

69.52 KRW 0.83%

TRON

TRX

18.70 KRW 0.08%

Huobi Token

HT

4,809.80 KRW 0.22%

Dash

DASH

106,552.78 KRW 1.29%

Ethereum Classic

ETC

7,452.76 KRW 0.56%

Tezos

XTZ

1,187.76 KRW 1.05%

NEO

NEO

10,897.31 KRW 0.82%

Maker

MKR

556,114.42 KRW 1.93%

USD Coin

USDC

1,186.56 KRW 0.23%