Nexo NEXO

$0.0657
Market Cap $ 36.772 MM (#79)
24h Volume $ 1.513 MM
Chg. 24h: 3.77%
Algo. score 4.2/5  (#18)
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Nexo project purpose and description

Nexo clarity of purpose

Nexo purpose and aspects

The world’s first instant crypto backed loans. Nexo is powered by A Leading FinTech Group serving millions of people across Europe for over 10 years. The NEXO Token is the World’s First US SEC-compliant Dividend-paying Asset-backed Security Token and is backed by the underlying assets of Nexo’s loan portfolio. Nexo partners withBitGoto secure all crypto assets. BitGo is trusted by other market leaders such as Kraken, CME Group, Pantera Capital, The Royal Mint and UPbit.

Nexo categories

LendingSmart contracts

Short description

Over the past 10 years, we've been providing instant loans to millions of people across Europe. We believe that the expanding digital world helps improve our lives. We'd like to contribute by providing The World’s First Instant Crypto-backed Loans.

Abstract

Nexo delivers the World’s First Instant Crypto-backed Loans, thus resolving a crucial inefficiency for the crypto world. Up to this very moment, no alternatives existed for digital asset owners to enjoy their crypto wealth except selling them. The innovative model of Nexo brings to the crypto community the best of both worlds - retaining 100% ownership of their digital assets while having immediate access to cash. The Instant Cryptobacked Loans are an automatic, flexible and cost-efficient way of obtaining liquidity that is secured by the value of the client’s digital assets. The whole process is completed in just a few simple clicks. No hidden fees, no capital gains taxes, no credit checks. Transparency is guaranteed through the use of blockchain technology, smart contracts and algorithmic processes executed by the Nexo Oracle. Nexo is powered by Credissimo, a leading FinTech Group serving millions of people across Europe for over 10 years. Credissimo has always operated under the highest regulatory requirements and strictest supervision by multiple European Banking and Financial Services Regulators. Now the same Team and its Board of Advisors, empowered by the evergrowing community of Nexo supporters and enormous demand for the Instant Crypto-backed Loans, are unlocking the value of digital asset in a rapidly expanding token economy that will alter the very fabric of a $5 trillion dollar market.

Link to Roadmap: https://nexo.io/assets/downloads/NEXO-Token-Terms.pdf https://nexo.io/#advantages
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