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
146.44 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.

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Medium

PAXG Instant Crypto Credit ...

At Nexo, we prioritized our users’ requests and are now thrilled to reveal that our PAXG-backed Instant Crypto Credit Lines are open to our full range of clients. Since we launched our gold-backed credit lines for institutional clients in 2019, we saw unprecedented demand for the product which prompted Nexo to purchase $5 million worth of PAXG to meet our investors’ needs. From there, we worked tirelessly on adapting the popular PAXG credit lines to suit our retail customers.PAXG is a regulated token from Paxos Trust Company that is backed by one ounce of premium, institutional-grade Good Delivery gold. Moreover, PAXG allows for large-scale fractional ownership and inclusive participation in the growth potential of gold. These characteristics make working with the asset a firm step forward in Nexo’s long-term goal of offering profitable and accessible investment opportunities for all.Nexo’s PAXG-backed Crypto Credit Lines mark a new chapter for gold as clients benefit from the best of both worlds: Physical gold’s safe-haven status along with the transferability, cost-efficiency, and ability to borrow against tokenized gold provided by blockchain technology.In addition to all this, making PAXG available for Nexo’s Instant Crypto Credit Lines greatly increases the asset’s utility features, eases selling pressure and makes HODLing easier in the long run. PAXG-backed Crypto Credit Lines will allow gold investors to borrow against their assets rather than selling them when in need of liquidity while benefiting from Nexo’s completely unrivaled interest rates and superior tax-efficient service.Get a PAXG-Backed Credit LineNexo’s Instant Crypto Credit Lines offer considerable advantages:The best borrowing rates starting from 5.9% APR only on what you use$100 million insurance on custodial assets through Lloyd’s of LondonCold storage in bank-grade Class III vaults through the SOC 2 Type 2 certified crypto custodian BitGoA minimum amount of $500, a maximum $2,000,000 (larger amounts available upon request)#ZeroFees — no hidden fees, no FX commissionsAutomated instant approval with no credit checksNo installments and no minimum loan repaymentsSame/next day free local bank withdrawalsAvailable in 40+ fiat currencies across 200+ jurisdictionsSee this quick guide on how to access Nexo’s instant crypto-backed loans in three easy steps.Nexo’s PAXG Instant Crypto Credit Lines in the Current Market EnvironmentWith the high demand Nexo experienced prior to releasing this product, it is only fitting that we share the multifaceted considerations behind the conception and creation of the best possible gold-backed credit lines.First, let’s discuss PAXOS Gold. Through PAXG, PAXOS offers investors the most efficient, and at the same time secure way to get exposure to the price of gold. The minimum PAXG investment is just $15 and PAXG’s fee structure is among the main aspects that differentiate it from similar gold-backed stablecoins. There are no custody fees and the low on-chain Ethereum transaction fees of 0.02%, as well as the lack of storage and banking fees, make it stand out among competitors such as DGX, who charge an on-chain transaction fee of 0.13% and a storage fee of 0.6%.The redemption to either physical or unallocated gold is a further advantage, as is PAXG’s listing with major exchanges such as Kraken, itBit and HitBTC. Additionally, PAXOS’ strict regulatory compliance driven by the NYDFS as well as the regular public attestations have won PAXG a reputation as one of the most regulated gold tokens. All of these advantages made it a great digital gold token to pioneer Nexo’s gold-backed credit lines.Nexo widening access to tokenized gold through the PAXG Instant Crypto Credit Lines is also an important development in times of significant financial turbulence. Fear surrounding COVID-19, a potential global recession, a price war between oil-producing countries and other interconnected factors are increasing market uncertainty, naturally pushing investors into assets perceived as safe havens among which is gold.During such major economic challenges, often the wealthiest are the ones to recover the fastest. The majority of the population remains impacted in the longer term by depreciating assets and depleted savings. Given the current circumstances, it is vital that Nexo offers its PAXG Instant Crypto Credit Lines to all users, not just institutional or wealthy clients, thus allowing everyone to invest in the safe haven that is gold and promptly recover from the adverse economic situation.Naturally, we cannot discuss the current conditions without acknowledging the volatile nature of the gold over the past few weeks. As the financial market meltdown unfolded, a tsunami of margin calls and liquidity squeezes in all other asset classes ultimately led to a correction in the price of the precious metal. This triggered some doubt among investors on gold’s status as a safe haven. However, these doubts quickly evaporated as gold fully recovered and even hit an all-time high after the unlimited QE announced in the US.In 2008, gold was also dumped as leveraged funds turned to well-performing assets they could easily convert into cash. The asset bottomed in October 2008 only to fully recover the next month and achieve all-time highs before the S&P 500 reached its lowest readings. In today’s context, gold is once again likely to outperform both the equity markets and other precious metals with a stronger link to industrial demand due to the falling production worldwide. Moreover, a few high CPI prints should further catapult gold’s price.This considered alongside the aggressive behavior of central banks and the slowdown in production signifies that now may be the worst moment to liquidate your gold holdings. Such a predicament can be frustrating to gold owners who see the current market lows as excellent investment opportunities. Fortunately, Nexo’s PAXG Instant Crypto Credit Lines are not merely a tool to access gold as a safe haven, but can also be used to leverage its value and invest in what might be a better risk/return opportunity at the moment.In summary, Nexo has taken great care in creating the best gold-backed credit line service in the blockchain space starting from working with a high-quality digital gold token to making sure our service is inclusive and accessible. We are delighted to be bringing you a product capable of catering equally to those using gold as a safe haven in the current market as well as to investors who wish to use the value of their existing assets.We look forward to seeing what you will achieve with our PAXG-backed Instant Crypto Credit Lines.About NexoNexo is the world’s leading regulated financial institution for digital assets. The company’s mission from day 1 is to maximize the value of digital assets by offering tax-efficient ‘Instant Crypto Credit Lines’, high-yield ‘Earn Interest’ products and ‘Send & Pay’ capabilities for their clients, while ensuring the $100 million custodial insurance and military-grade security of the Nexo Wallet. Since raising $52.5 million in 2018, Nexo has processed $1.5+ billion in 40+ fiat currencies for 700,000+ users across 200 jurisdictions.Official website: https://nexo.ioAbout PaxosPaxos is a New York-regulated financial institution on a mission to create a global, frictionless economy. By building infrastructure to enable the movement between physical and digital assets, Paxos is creating a future where all assets — from money to commodities to securities — are digitized and can move instantaneously 24/7.Today, as the first regulated Trust company for digital assets, Paxos technology makes it possible to tokenize, custody, trade and settle assets. Paxos products include: Post-Trade Confirmation Service, which has been used to confirm over $1.5 trillion commodities and FX trades; Paxos Standard (PAX), the world’s most liquid regulated stablecoin and more. With offices in New York, London and Singapore, Paxos takes a global view of modernizing the financial system.Learn more: www.paxos.com.About Paxos: bmcclain@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/hrefPAXG Instant Crypto Credit Line Now Available for Retail Clients was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

20. 03. 26

Why Liquidations Are Needed...

If the current COVID-19 pandemic has exemplified one thing, it is that our individual actions might have dire consequences for all of us. Unfortunately, human nature propels the majority of humankind to put their individual interests first and it truly takes a severe crisis to open up our eyes to the interconnectedness of everything.Of course, the crypto markets and the blockchain space are not resistant to the general forces that rule everywhere else. The unprecedented meltdown of prices across crypto assets with BTC shedding as much as 47% of its value intraday on March 12–13, 2020, calls for a rigorous analysis of the most recent events and an explanation on how Nexo did what it had to do to protect its customers.It is through assessment of real-life stress-testing that the blockchain industry’s collective immune system develops the necessary resilience and this is of the utmost importance as the world’s total unpreparedness for the COVID-19 threat clearly showed.This post examines the crypto lending space in which Nexo takes a prominent place but the conclusions can be projected to any asset-based lending business and any financial institution throughout the world.Crypto Lending 101Any significant crypto lender has two major lines of business:Crypto-backed lending — clients deposit crypto assets as collateral with a crypto lender in order to receive a loan. This happens without any credit checks, as the loan is secured by the underlying collateral.Earn interest products — clients add funds to their accounts with a crypto lending company in order to earn interest on their idle assets.While some companies might use the funds received on ‘Earn Interest’ products for a myriad of trading strategies and directional bets on the market, the general case states that a crypto lending institution should be using the funds received from ‘Earn interest’ products to finance crypto-backed loans for their customers.Knowing what the company that you are entrusting your hard-earned cash with is doing and how it protects your assets makes all the difference for your financial success, especially during times of immense volatility.At Nexo, we are completely transparent as to what we do with the funds clients are earning interest on — we finance crypto loans secured by 200–500% of collateral.The reason we are the financial institution of choice for crypto-backed lending is simple: Nexo has developed fully automated lending and collateral management capabilities that can handle a large number of loans with near-instant execution in 200+ jurisdictions around the clock. The fact is that automated online credit facilitation is no simple matter, and we have been doing it successfully for more than 13 years now. We believe this is the main differentiating factor and reason why more than 650,000 users entrust Nexo with their assets.Let’s Talk about the Elephant in the Room — LiquidationsIt is our hope that you, a savvy enough individual to take an interest in crypto, someone equipped with the mindset to encompass the crypto lending business model in its entirety, will appreciate the fact that an enterprise such as Nexo is at all times protecting the interests of both the borrowers and the people funding the loans, i.e. those earning interest on their assets.Let us unequivocally state: We do not enjoy liquidating clients as this brings them great distress and there is nothing we like to see less. Nexo’s revenues and NEXO Token holders’ dividends are generated by the interest our clients pay on their loans, therefore liquidations go against the very essence of our business and token models as they shrink the loan book and reduce revenue.Still, we have a fiduciary duty to everyone involved with Nexo. Considering that there are no credit checks for our products, the collateral that borrowers pledge in order to receive a loan is what guarantees the funds of those clients earning interest on their assets. The entire Nexo loan portfolio is overcollateralized by a factor of 200–500% which is what makes Nexo’s ‘Earn Interest’ product arguably even safer than banking deposits which guarantee funds only up to €100,000 in the EU, and only up to $250,000 in the US. It is important to note that Nexo’s protection mechanisms apply to any amount and are not capped.Consider these two types of entities:An institution that transparently says to its loan customers — “if the collateral backing your loan drops below a certain point and you do not add more collateral or repay part of your loan, we will need to automatically liquidate your assets in order to ensure that the people who have funded your loan do not lose their funds”VS.A company that takes no interest in price volatility and tells its loan customers that they can take their time to top up their collateral or repay their loans, as there will be no liquidations in the meantime even when the collateral becomes insufficient to cover their outstanding loan.Would you ever consider entrusting any form of money to the second company? Of course, you would not.If for some reason you still decide to place your funds with them, imagine the following scenario: A borrower takes a $100,000 loan against BTC but the price of BTC drops and the collateral is now worth merely $20,000. This loan is entirely funded by your money. How incentivized do you think the borrower would be to repay the loan at all and how protected would your savings be?The truth of the matter is that a crypto lending company that does not issue price-based margin calls and does not liquidate collateral automatically most probably does not have working collateral management and liquidation engine systems at all. Not liquidating collateral efficiently and on time for loans that are underwater is basically betting the entire enterprise and by extension, all the customers’ funds. Masquerading the lack of liquidations as an act of goodwill towards its clients would be audacity of the highest caliber, as it is quite simply making a risky bet on the price of crypto assets. In the instance of March 12–13, 2020 such a bet worked out as the market quickly recovered. But had prices continued to decline, the company and its clients would have been wiped out at even lower prices.Why Does Nexo Care If Another Company Blows Up?For a number of reasons — predominantly because we are taking the long-term view and do not want people in our still nascent industry to lose any of their assets. And without price-based liquidations of collateral, this is bound to happen sooner rather than later. Аs anyone who has ever visited a casino knows all toо well — play long enough and you will lose everything. The free drinks equivalent of the casino in our example above are the few percent of interest that are being “paid back to the community” by such companies in order for them to keep on making risky bets with your hard-earned assets until the bubble blows up.Unlike traditional financial markets, where bailouts by governments might reduce some of the systemic risks, the ramifications of such a blowup in the crypto space go well beyond just the individual losses — they are detrimental to crypto lending and the entire blockchain community. It gives legislators, politicians and those failing to recognize the benefits of distributed ledger technology further excuses to stifle innovation and to prevent the mass adoption of crypto by pointing out the deficiencies and the foul play of irresponsible actors. We have seen this time and again with every instance of something going wrong in the crypto space.If the blockchain space and crypto finance are to grow beyond being a boutique, niche industry of a few hundred billion dollars, all major drivers of the space need to adopt proper fiduciary governance and the space needs to institutionalize. Only this will ensure a large influx of people coming to realize that in light of the money printing bonanza and the distorted market principles that proliferate our economies today, crypto is part of the possible solution to not only preserving your current wealth but managing and growing it.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/hrefWhy Liquidations Are Needed and How They Protect Us All was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

20. 03. 25

Earn High-Yield Interest an...

The past week has been quite dynamic across all markets and asset classes but as usual with great volatility comes great opportunity. At Nexo, we have designed products to help you continue growing your wealth in any market condition and to suit your worldview.Еarn 8% Interest on Your Cash and StablecoinsIf you subscribe to the motto “cash is king” in crises, you might be looking for the best option to enhance the yield on your hard-earned cash while avoiding exposure to the price fluctuation of the alternative asset classes.Nexo’s ‘Earn Interest’ product offers just that:High-yield savings with a compounding interest rate of up to 8% paid out dailyFull flexibility: use or withdraw funds at any timeAvailable for USD, EUR, GBP and stablecoins (USDT, TUSD, DAI, PAX and USDC) with even more assets coming soon#ZeroFees — No fees, no minimum contribution requirements$100 million insurance on custodial assets through Lloyd’s of LondonCold storage in bank-grade Class III vaults through the SOC 2 Type 2 certified crypto custodian BitGoAll funds are asset-backed by Nexo’s portfolio of 200–500% overcollateralized crypto credit linesThe Global Macro SituationAs the worldwide COVID 19 crisis is unfolding, the economic damages are inevitable: Goldman Sachs and Morgan Stanley are expecting a contraction of 24% and 30% respectively in US gross domestic product during the second quarter of 2020. Ray Dalio, founder of Bridgewater Associates, estimates that the financial losses for US companies from the coronavirus-induced slump could be about $4 trillion.In an attempt to stop the economic meltdown and prevent a collapse of the legacy financial system, central banks are aggressively injecting liquidity in the economies all over the world. In fact, just a few hours ago the Federal Reserve announced unprecedented quantitative easing, including buying unlimited amounts of bonds in order to keep the borrowing costs low.The US is not alone in this situation — last week, the European Central Bank announced a €750 billion bond buyback program, Bank of Japan is conducting emergency bond buying, while Australia implemented quantitative easing for the first time.The result is even more depressed yields on government and corporate bonds, respectively pushing interest rates on traditional banking deposits further down.Source: Trading EconomicsThe 8% interest rate on Nexo’s ‘Earn Interest’ product is in a different league compared to similar services offered by high-street banks and alternative lenders.Moreover, with Nexo, you do nоt have to worry about risk-taking behavior, levels of unserved debts or limits on deposit protections. Unlike the incumbent banking institutions, our balance sheet is overcollateralized with digital assets.We hold 200–500% of the face value of our assets as collateral, making Nexo extremely resilient to severe stress across the financial system. With traditional banks, your downside risk protection is an FDIC insurance of up to $250,000 in the US and €100,000 with the DGS in Europe. In contrast, Nexo does not treat large accounts differently as every dollar lent out is substantially collateralized by liquid assets, making Nexo an excellent option to store large amounts of wealth even in fat-tail risk environments.Ultimately, the return Nexo offers proves to be far better than the current yields on government-denominated bonds. Moreover, it is comparable to what the equity markets delivered during the past 10-year bull run, without exposing clients to the extra risks and uncertainties associated with stock ownership.Earn Interest NowGrow Your Crypto Wealth with the Instant Crypto Credit LinesTMOn the other side of the spectrum, you might see the recent market capitulation as an overreaction to short-lived fears of a global pandemic and prolonged economic recession. Еquities have experienced historic losses with almost 30% of the Dow Jones Industrial Average being wiped out over the past month.These unprecedented market conditions led to a price decline even in investments perceived as safe-havens like gold and crypto-assets. A potential explanation of the phenomenon is a fire sale of high-quality liquid holdings to cover margin calls across the board.The selling pressure in the digital assets space is also exacerbated by the segmented nature of the secondary market trading venues, resulting in flash crashes like the one on March 12th. Precisely episodes like this might present excellent buying opportunities for patient investors with hard cash on hand.With this in mind now might be the perfect moment to use Nexo’s tax-efficient Instant Crypto Credit LinesTM to get some extra liquidity and seize this timely opportunity for investment:The best borrowing rates starting from 5.9% APR only on what you actually useAvailable for BTC, ETH, BCH, LTC, XRP, XLM, EOSА minimum amount of $500 and a maximum of $2,000,000 (larger sums available upon request)Automated and guaranteed instant approval with no credit checksNo installments and no minimum loan repaymentsSame/next day free local bank withdrawalsAvailable worldwide in 40+ fiat currencies across 200+ jurisdictionsWith all the emergency liquidity pumped into the system, it is not a matter of if but when the inflation will start picking up, driving prices of high-quality assets higher.So do not miss this precious chance to grow your investments by staying ahead of the curve.Get Your Crypto Credit LineWe look forward to making your profits and prosperity possible.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 High-Yield Interest and Grow Your Investments with Nexo was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

20. 03. 23

An Important Message from N...

As you are certainly aware, the crypto market has experienced a severe sell-off across the board today, as the coronavirus-infused traditional market correction has transfused into the blockchain space as well.While we do hope for a V-shaped recovery in asset prices, we cannot predict whether the correction mode will end soon or whether there will be a prolonged period of subdued markets.In light of this, the Nexo Team would like to assure you that:All Nexo services, our IT infrastructure, and servers are functioning normally without delays and downtimes.Our dedicated support team is working tirelessly around the clock to ensure that tickets are responded to quickly and thoroughly.All client funds are safe as the Nexo enterprise has abundant liquidity to meet all its financial obligations and the needs of all its clients.Built by a team of seasoned professionals with more than 13 years of FinTech excellence both the Nexo platform and the business model that underpins it are designed and stress-tested to withstand black-swan-type market moves like the ones we are currently experiencing.At Nexo, we deploy bank-grade Class III SOC 2 Type 2 certified cold storage vaults through our partnership with the leading crypto custodian BitGo. This arrangement allows us to have a $100 million insurance on all custodial assets. Our systems are further ISO/IEC 27001:2013 accredited which is a testimony to the highest information security management system standards.Nexo’s conservative business model which requires an overcollateralization of 200%-500% for all Instant Crypto Credit Lines. Furthermore, unlike many other service providers, Nexo has never engaged in any sort of uncollateralized loans even to trustworthy institutions, a decision that guarantees Nexo’s robustness even in these most turbulent times.Nexo began operations amidst the greatest bear market that saw Bitcoin alone lose 86% of its value. Thanks to the sophistication of the Nexo Oracle, our proprietary algorithm, Nexo’s liquidity needs are managed in the most efficient manner and we have weathered the worst of storms in order to continue to provide the blockchain community with unrivaled products and services. This will, of course, remain unchanged going forward.The entire Nexo Team is hard at work to minimize any adverse effects on your customer experience. We wish you the best of luck in all market-related activities and be assured that Nexo is and will always be a partner that you can rely on.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/hrefAn Important Message from Nexo Regarding the Current Market Volatility was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

20. 03. 12

Nexo Services Remain Stable...

“May you live in interesting times” is a famous Chinese curse and irony would have it that a Coronavirus originating from China makes the current times truly interesting, challenging even, but it is within turmoil that most innovation and opportunities are found.When shocks hit the global economy, Wall Street tends to look at history as guidance to the future and with last week’s FED rate cut, we are propelled to draw comparisons to the last time this happened — October 2009. It is around that time that an unknown person going by the pseudonym Satoshi Nakamoto published a paper called “Bitcoin: A Peer-to-Peer Electronic Cash System.”Nexo’s research team has been following global trends and has identified a chain of events as catalysts for the record-high pressure on the commercial banks: the current coronavirus outbreak, the oil price wars between Russia and Saudi Arabia and the subsequent record low-yield of government bonds.Despite the market meltdown, Nexo’s ‘Earn Interest’ rates will remain a stable 8% through these tumultuous times.For more information on how we are able to retain our excellent service throughout this uncertain moment in global finance, our team has prepared the article below that will elaborate on the series of events surrounding the downward market trend.Executive Summary:The current coronavirus outbreak was among the primary catalysts for the downward movement across markets.The oil price wars between Russia and Saudi Arabia were yet another factor that prodded forward the general market downtrend.The rally for government bonds that followed led the yield on the 10-year US bonds to dip as low as 0.4% early on the morning of March 9th.The historic bottom of the US government yields combined with fears of global recession might result in an irreversible dent in commercial banks’ balance sheets.Despite suffering some significant lows, the normally very volatile crypto market has been relatively stable compared to other industries.Nexo’s overcollateralized balance sheet and crypto and digital asset-based business model shield the company from the negative influences currently hitting incumbent banking institutions and allow the company to retain a stable 8% interest for clients with assets on the platform.The Role of the Coronavirus in the Recent Market DropSince 2009, equity investors have had a pleasant ride — the major indexes were hitting new all-time highs on a daily basis. However, two weeks ago, a de-risking provoked by the coronavirus turned into a multi-asset capitulation. There has been a lot of speculation about the role of the coronavirus in various markets’ recent downward activity.The coronavirus has infected more than 111,500 (1,693 over the last 24 hours alone), killing in excess of 3,800 (79) patients. Most critical remains the situation in China. However, the virus is quickly spreading with the highest number of new cases registered in Iran (595 over the past 24 hours), Spain (362), South Korea (165), and Germany (111). At the same time, no new cases or deaths were registered in Italy (7,377 total cases/ 366 deaths) and France (1,209 total cases/19 deaths), which were among the five most affected countries.Source: worldometers.infoCoronavirus has also reached high-profile events attended by global leaders. Yesterday, an attendee of the Conservative Political Action Conference (CPAC) tested positive for COVID-19. President Trump, Vice President Pence, numerous administration officials, and celebrities were also present at the event.While the numbers surrounding the coronavirus are concerning and may have caused some de-risking, it is only in combination with a few other factors that the downward market trend actually came to be. One of these other large-scale catalysts is the oil price wars.Oil Price Wars Between Russian and Saudi Arabia Further Push Global Sell-OffThe latest catalyst fueling the global sell-off was geopolitical tension between two of the largest oil exporters — Saudi Arabia and Russia. The Gulf kingdom was advocating for larger production cuts among OPEC nations and Russia to support prices amid the coronavirus outbreak. While there seemed to be a consensus among the group, Russia opposed the plan. Moscow stated that from April 1 all parties will be able to produce as much as they wish.Enjoying one of the lowest oil production costs and the largest spare capacity, Riyadh was quick to respond by boosting extraction and offering its crude at a steep discount. The result was an inevitable price war. While the motivation behind the behavior of both countries remains unclear (speculations vary from an attempt to steal market share to a US shale industry attack), the result is evident — a severe correction in the oil prices and an exchange trading halt on Monday morning as the S&P 500 fell 7%. It was the first time such a breaker was triggered since the depth of the financial crisis in December 2008.The political power plays around oil further trigger market downtrends and drive people and investors to seek out “safe havens” for their money. Presently this is exactly what occurred with people flocking towards government bonds.Rally on Government Bonds and How This Led to an Exceptionally Low YieldAs global equities plummeted, investors piled into what is historically perceived as the absolute safe haven — government bonds. The result was the sharpest rally for US 10-year Treasuries in more than a decade, depressing the yield to as low as 0.40%:Source: investing.com;Low interest rates are generally beloved by businesses — the cheaper the capital the better. Interest rates interventions are also the primary tool for central banks to conduct monetary policies: stimulating the economy when necessary while cooling it down in case of overheating.There is one industry, however, that is disadvantaged by low interest rates: commercial banking.Commercial Banks Most Negatively Impacted by the Prevailing Low Interest Rate EnvironmentThe negative impact the current environment has on banks can be explained easily with given the way these institutions make their money. First, they borrow for short durations at lower rates while lending long-term at higher ones. The difference between the two is called net interest spread. Second, they leverage their capital by lending up to 10 times more funds than shareholders own.As long-term yields are falling, so is banks’ profitability. To make matters worse, these legacy players are heavily exposed to endangered industries like the oil and gas, or a correction in the real estate market due to economic contraction.For example, Citigroup’s net exposure to energy and commodities is 35% of the bank’s tangible common equity (TCE). Some regional US players have an energy loan exposure to TCE ratio of 100%. A series of bankruptcies in the oil and gas sector could quickly wipe out a major bank’s equity balances, replaying events from 2008. Unsurprisingly, the financial sector was the worst-performing one on Monday, March 9th, with only basic materials lagging behind it (e.g. oil and gas):Source: finviz.comIn the midst of the struggles of traditional finance, many investors and retail clients alike are seeking out safe and profitable ways to store and use their wealth. With commercial banks hindered by the current circumstances many of these users are turning to Nexo and we have received many questions about our business, whether the overall market lows are affecting the company and what we can offer potential clients in this complicated moment for finance.The Crypto Market in Today’s ContextDespite cryptocurrency’s volatile nature, most digital assets remained relatively stable during the broad market massacre.:Source: investing.comWhile BTC generally took a hit and a substantial portion of this year’s gains were wiped out, the returns of the largest crypto asset are still in positive territories, dipping only recently below gold’s performance. The uncorrelated nature of BTC in connection with traditional markets creates unique diversification potential.Moreover, besides the reduction of portfolio risk and improved returns, crypto assets can serve as a hedge especially against the diminishing effect of monetary stimulus.Another argument for the stability of Bitcoin in the face of the coronavirus crisis is the recent dynamics of mining activity. There have been concerns that the coronavirus outbreak will lead to a reduction in hash power, especially given the concentration of mining activity in China. Nevertheless, the expected halving of bitcoin in May has prevailed and mining activity has continued the rise overall.Nexo Maintains Stable Interest Rates for Clients Amid Financial Uncertainty in the Global MarketsNexo’s business model, unlike traditional banks, is currently unaffected by the factors that have caused uncertainty and downward trends in other areas. This is because, in contrast to commercial banks, our market exposure is limited to digital assets, which as observed above, experienced relative stability during the recent market turbulence.Furthermore, unlike the incumbent banking institutions, our balance sheet is overcollateralized with digital assets. We generally hold 200–500% of the face value of our assets as collateral, making Nexo extremely resilient to severe stress across the financial system.As such Nexo clients can continue to enjoy earning up to 8% daily compounding interest on fiat and stablecoins. This rate will not be affected by all the circumstances mentioned above. Additionally, for anyone hoping to use crypto as a hedge, Nexo’s tax-efficient Instant Crypto Credit LinesTM will continue to provide crypto owners with instant liquidity without having to sell their 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!Question? Visit your Help Center.Interested in Nexo? Get in touch:Telegram | Twitter | Facebook | Reddit | LinkedIn | Emailhttps://medium.com/media/9e8fed3335ac43f53c4347e9512c5f34/hrefNexo Services Remain Stable Amid Coronavirus and Oil Wars Driven Market Meltdown was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

20. 03. 10

Antoni Trenchev Gives an Ex...

Earlier this month, the BlockSocial’s Eric Jansen interviewed Nеxo’s managing partner and co-founder, Antoni Trenchev. Antoni and Eric discussed a few interesting perspectives on the future of Nexo in the blockchain industry and in the wider financial sector.Here are some interesting points of the interview:Nexo, the financial institution that provides banking services for the blockchain space, is quickly evolving to encompass much more than just digital assets and cryptocurrency.The company is currently aiming to create a “Nexo 360 degrees” service that can cater to every need a crypto user might have from purchasing their first hundred dollars worth of Bitcoin to storing their assets, making payments, and borrowing against their crypto.While insurance for digital assets is still a nascent industry, in a few year’s time, the blockchain space will likely have a cryptocurrency equivalent of FDIC insurance, if not something better.During DAS: London 2020, Nexo signed a deal with digital asset security platform Fireblocks to facilitate the seamless execution of trustless block trade settlements.The NEXO Token has performed very well over the past months with an ROI over 87%. For the future, Nexo is already preparing a NEXO Utility Features 2.0 upgrade that will bring many new benefits to token holders.In 2–10 years traditional banks will most likely be very connected to the blockchain ecosystem.Nexo is currently hard at work acquiring commercial banking capabilities in multiple jurisdictions.For the full details on the topics above check out Antoni’s BlockSocial interview or have a read of the transcript below.https://medium.com/media/f830786904a47411ad19abf9e18465ea/hrefTranscript:Eric:All right this is Eric Jansen I’m sitting with Antoni Trenchev at DAS: London and we’re gonna talk to Antoni today about Nexo and a little bit about what they have going on over there. Antoni’s the co-founder of Nexo. But before we get into Nexo maybe talk about yourself your background how you got into crypto.Antoni:I have an interesting and mixed background. I actually studied law, believe it or not, in London of all places. Then I was in the hedge fund industry. I had a small hedge fund that I was running with a couple of friends and couple employees, mostly managing our own funds and some of our friends’ and families’. It was a few tens of millions. We had, you know, very good years but at a certain point, I decided that the stress was just too much for me with trading and equities and bonds, commodities etc. So, I ran for office and I was in Parliament back in Bulgaria, my home country, for two years something and interestingly, you know in 2014, we passed a bill which was supposed to allow the Bulgarian population to vote online and it was partially based on blockchain technology.Eric:It was e-voting, right?Antoni:E-voting but you know the piece of legislation had the technological implementation on blockchain technology which from the distance of time, is an interesting thing. Nobody knew what Bitcoin is back then. And then a friend of mine, the other co-founder of Nexo, he had been thinking about the idea of crypto-backed lending for some time and he invited me on board. I was instantly sold on the idea and two years in we’re here at DAS talking about various aspects of how this could be phenomenal.Eric:Yeah so tell me about Nexo. What does Nexo do?Antoni:Right well, Nexo is a financial institution which provides banking services for the blockchain space but it’s quickly going to be much more than just blockchain and digital assets. Our bread and butter right now is obviously lending. If you have ten thousand dollars worth of Bitcoin you come to us, you deposit that into a third-party custodian wallet and we extend you an instant credit line which gives you access to the value of your crypto without having to sell it. It’s great for all sorts of reasons. If you believe Bitcoin is going to go up, it’s a no-brainer for you. It’s very tax-efficient; it’s what the billionaires of this world have been doing for the past thirty years where they keep on borrowing against their stocks rather than selling which is a taxable event. It’s colloquially known as the Zuckerberg tax. Out of the necessity of us funding ourselves, we developed the ‘Earn’ product which allows you to earn, currently, 8% annually on your stablecoins, on your crypto very soon, also on a plethora of different fiat currencies.Eric:So you’re really doing two main things right now.Antoni:The goal is to ultimately have “Nexo 360 degrees,” that is the name of it, the name in progress. We want to capture every need that a crypto user might have all the way from purchasing the first hundred dollars worth of Bitcoin with your credit card to storing, paying other people, borrowing against it, tokenization as it progresses. So you know just like meeting all your demands all in one place so that you don’t have to worry about other providers and go elsewhere. It’s just convenient and user-friendly.Eric:Yeah and the way that you access your loan is through a debit MasterCard, I think, right?Antoni:Exactly we have a partnership with one of the issuing partners for MasterCard. So the Nexo MasterCard is unique in the sense that you had a bunch of credit cards which when you swipe it on the terminal, it automatically sells your Bitcoin for fiat currencies and pays on the spot which is great, it’s useful, but not if you want to HODL on to your Bitcoin or belief it’s going to fifty hundred K or whatever.Eric:Right, nobody wants to spend their Bitcoin.Antoni:Nobody wants to sell their Bitcoin. And another thing that people don’t necessarily assess accurately or even think about is that if you are at a profit, that your Bitcoin position and you do that, that’s a taxable event. So the Starbucks that you just paid for gets like forty, forty-four percent. If you live in New York or whatever, more expensive. That’s quite a number.Eric:Yeah and then on the earning interest, I think what’s fascinating about is that I don’t think a lot of people realize that has to do with stablecoins which I always kind of relate to a CD alternative or a Savings Bank alternative which in the U.S. is paying very little interest. But I don’t think that’s something that a lot of people consider as a savings alternative yet and maybe some of that has to do with insurance in the US. That’s FDIC, right. Is my money insured? But in some ways, there is insurance on the Nexo platform. Tell me about that. How does that work?Antoni:Well, FDIC insurance is great. It is great for the first 250K that you got. If you’re lucky enough to drive north of that, you’re no longer insured. So it’s not a perfect system either. What we have right now with Nexo is insurance on custodial assets. We have a third-party custodian that we store 90 percent of the assets there in cold storage. And that is insured up to 100 million against a number of things, almost any possible scenario really. It’s just the hot wallets obviously we have to keep some of the assets in the hot wallets. But you know it’s a nascent thing, insurance for crypto but we’re getting there. Here this morning we signed a deal with Fireblocks which is another custodian, great guys, and they are working on an insurance product that if both our wallets are within their ecosystem, even if I send it to you, it still gets covered by the insurance which is great. And not that many providers have that, so I think we’re getting there slowly but surely. It has to do with the fact that the insurance companies have to figure it out for themselves first. It’s a new industry. It’s highly volatile. I understand they’re scared or used to be scared. But we’re making good progress and more likely than not in a couple of years we will have FDIC insurance equivalents if not better because, I mean, that’s the future.Eric:Yeah well, I think the other fascinating thing is that you know the old complaint about gold, right? — That you don’t earn any interest on it. That was certainly something that Warren Buffett would always say. You’re not gonna buy gold because it just sits there and doesn’t do anything but now we have the Paxos token and there are other tokens like it but I think Paxos is one of the tokens that you can deposit at Nexo right and so today you can potentially earn interest on your gold using Nexo.Antoni:Yes, a couple of things. If I was Warren Buffet and I could see all the potential in stocks maybe I wouldn’t invest in gold either. He’s talking obviously from his point of view. But gold has, historically, not paid very much dividends but if you go back in history like in the 50s with a kilo of gold you can buy a Volkswagen car, mid-range and now for the exact same thing you can still buy that level of a car. So it is quite fascinating from that perspective. What we did with Nexo is we essentially developed a product that, up to very recently, was accessible to the ultra ultra-wealthy, like the ones with the private bank accounts in Switzerland and assets under management 25 million or more. It’s like they could buy physical gold deposit it with their bank and then get a loan on it 60–70 cents on the dollar. Now with Paxos they have tokenized gold, it sits in a vault here in London somewhere, I don’t know exactly where, but now you could invest as little as $1,000 and take out a loan. You get your gold and it can outperform, it can underperform or whatever but you have access to that the liquidity and it’s available to just about anyone. It’s truly phenomenal.Eric:So it’s a work in progress.Antoni:Yes.Eric:And what about the NEXO Token. So tell me about that and what the utility of the token is on the platform and just how that all works?Antoni:Yeah well the NEXO Token has been performing very well these past months. We are at an all-time, no not an all-time but about a multi-year high, I would say. It’s got an ROI (return on investment) of about 87 percent which is decent. In the meantime, Bitcoin dropped more than half in price, so we’re doing okay. In terms of utilities, NEXO Token entitles you to 30% of the company profits in the form of dividends. Over the past 18 months, we paid out two token distributions. One was a million and the second was two million so investors are quite happy. So this is sort of on the participation in the success of the company. And then we have some great utilities where having NEXO Tokens allows you to bring down the interest rates for our loans. The maximum you would pay with Nexo right now is just below 12% a year and with the NEXO Token, you can bring that down to less than 6%, so pretty much 50%. And we’re looking to launch a lot more utilities like with the card we have the different tiers where you have gold, platinum giving you certain benefits and perks. This is going to be tied to the staking of NEXO Tokens which will also affect the tokenomics.Eric:So the more tokens you have, NEXO Tokens, the different maybe levels — the gold platinum and all that stuff. And so and this is really a form of DeFi, right and so Nexo is a DeFi platform, decentralized finance. What’re your thoughts on DeFi and kind of the future DeFi compared to traditional finance?Antoni:Well, DeFi is great. I mean like we work with some of the DeFi projects, with Maker DAO. We have a good arrangement you know like once dates. I don’t know if your listeners and the viewers are going to know all the ins and outs of it but when they launched, it started with very modest interest rates MakerDAO, like 1–2% per year. Then it skyrocketed to 25%+ so we came in then and said we’re gonna refinance that until they figure out how to deal with it. We brought loans at 8% which was more acceptable to people. So we work with them we love the space, there’s a lot of opportunities. It’s just that you know there’s certain aspects of the financial system as it is today that, they are inherently off-chain. If you want a loan in Japanese yen right now, sorry to say we need a banking partner to facilitate that. Whether this is going to be the case in 2,3, 5, 10 years, probably not, but as it is there are certain aspects that remain inherently off-chain and this is connected to the evolution of Nexo. We want to be more decentralized but we want to do it the right way, the smart way. And with smart contracts the longer the code is, the more vulnerability it potentially has. Right now we’re putting safety first, the safety of the funds of our clients. Hopefully, we can progress towards that direction where it could be more trustless but for the time being, we are in a very good spot.Eric:Yeah, well, you’re not alone that seems to be the pattern, I guess, for a lot of firms and so I guess the last question is where do you see things going not only with Nexo but just that whole, I don’t if you would call it a crypto bank or, how you would describe Nexo, but what do you see in the next few months, next few years?Antoni:We have been hard at work for some time now at acquiring commercial banking capabilities so this is in a couple of directions. We’re working in a couple of jurisdictions to get a banking license from scratch. It’s a hefty process but we are also examining and doing due diligence on a couple of banks for stakes which can vary from a few percent all the way to majority shareholder package so definitely sooner rather than later we will have a banking license which is going to be quite exciting because then you can offer a bunch of different things: even more efficient products, compliant with every aspect of the regulatory framework so that is pretty exciting. I’m generally very bullish about the space and especially Bitcoin. I have a prediction that it’s going to reach 50K this year.Eric:Yeah, I saw that was a Bloomberg interview, right. You’re still holding by that prediction?Antoni:Well, I mean, we’re absolutely certainly going to see 50K. Whether we gonna make it until the end of the year we’ll see. It won’t be surprising that’s for sure but you know the ecosystem is developing everything around derivatives and options and stock and different products. We’re going to see a lot of development this year which will bring in a lot of the institutions which is great because 10 years from now we won’t have a bank that somehow is not connected to blockchain as a technology and the ecosystem as such is going to intertwine and be one and the same in my opinion.Eric:Well, that’s certainly what they’re talking about at the conference today. And all the institutional things that are going on behind the scenes. Well, this has been great I appreciate you spending time with us and learning more about Nexo and what the future plans are and best of luck to you and I’m sure we’ll be chatting more againAntoni:Thank you so much.Eric:All right thank you very much.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/hrefAntoni Trenchev Gives an Exclusive Interview to BlockSocial at DAS: London 2020 was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

20. 02. 26

Nexo at DAS: London 2020 — ...

On February 10, 2020, members of the Nexo Team attended The Digital Asset Summit (DAS) London 2020, а leading event series dedicated to bridging the gap between traditional financial services and the rapidly growing digital asset markets.Nexo’s all-around success at the conference was marked by a contribution to DAS: London 2020’s panel discussion on tokenization, and by our new agreement with Fireblocks.Nexo and Fireblocks Team Up for Trustless Block Trade SettlementsNexo joined forces with Fireblocks, to further the business opportunities we provide for both our institutional and retail clients.Here is how the Nexo platform will improve even further with Fireblocks:Nexo’s institutional product suite evolved substantially over the past year which necessitated working with a specialized platform like Fireblocks.Fireblocks will allow Nexo to efficiently execute trustless block trade settlements on large backed transactions and make use of excellent custodial services.With Fireblocks’s security platform for transferring and storing digital assets, we will now be able to further increase the execution speed of our institutional service.Nexo users will be able to move assets around exchanges, OTC desks, and counterparties, all from a single UI dashboard.By adding Fireblocks to our list of trusted custodians alongside other excellent companies like BitGo, we hope to improve our security and efficacy. Using multiple custodians ensures our platform is equipped to sustain a larger range of services.Joining forces with Fireblocks is one of Nexo’s many steps towards an enhanced service for the upcoming inclusive and efficient tokenized world.Nexo at the DAS: London 2020 PanelDuring a panel on “Tokenization — Moving Real-World Assets onto the Blockchain”, Nexo co-founder Antoni Trenchev shared his insights on the current state of the blockchain space and the rapidly tokenizing world.Watch Antoni at DAS: London 2020https://medium.com/media/d9354b74474b1beb278efea449350c10/hrefCheck out the key points from the panel:Tokenization is this generation’s chance to fix the global financial system by democratizing access to certain asset categories that would otherwise be inaccessible to the vast majority of investors.Another result of tokenization is the option for fractionalized ownership which means Western-like wealth creation and participation will be available even in the remotest corners of the world.Digitizing real-world assets and bringing them on-chain unlocks the value of previously idle assets, paving the way for additional liquidity.The liberation of capital brought on by tokenization will bring unprecedented prosperity on a truly global scale.The tokenization of the world will bring Nexo’s total addressable market into the trillions.With global tokenization well underway and Nexo already creating the ultimate financial services for the future, we are convinced prosperous times are ahead.Enjoy the headway we have made and be ready for more groundbreaking news about the Nexo platform in the weeks 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 at DAS: London 2020 — Fireblocks Deal Signing and Tokenization Panel Highlights was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

20. 02. 19

2019 in the Rearview and 20...

As the world’s leading regulated financial institution for digital assets, in 2019, Nexo continued to be the trend-setter, staying at the forefront of innovation in the blockchain space and in global finance. Last year we set a number of ambitious goals and we are proud to say we have accomplished the milestones we set out and much more.View Nexo’s 2019 Infographic Here:https://medium.com/media/921d83744c10b5dd13d8cf443a8a286d/hrefBelow are the highlights from Nexo’s most successful year so far:The Nexo enterprise processed $1.5+ billion for 550,000+ Nexo users with 94% customer satisfaction.$2.4+ million were paid out in Nexo’s second dividend distribution with a dividend yield of 12.73%.Nexo secured long-term cost-efficient financing, allowing us to significantly lower the rates for our signature Instant Crypto Credit Lines™ to only 5.9% APR.5 new collateral options are now available for Nexo’s credit lines: Litecoin (LTC), Stellar (XLM), PAX Gold (PAXG), Bitcoin Cash (BCH) and EOS (EOS).The Nexo Wallet App is now available for all iOS and Android devices making all our features accessible in an uncompromised, seamless mobile interface.#ZeroFees — We removed all withdrawal fees for Nexo Wallet transactions and began covering blockchain network fees.The NEXO Token is now trading on the Binance chain.Nexo’s security infrastructure is now ISO/IEC 27001:2013 certified.Nexo was featured in 80+ premium media outlets such as Bloomberg CNBC, and NASDAQ Marketsite.The Nexo enterprise pioneered the integration of dedicated “Loans” buttons for the Instant Crypto Credit LinesTM on CoinMarketCap, Etherscan, CryptoCompare, CoinGecko, CoinStats, and Freewallet.More than 500,000 Nexo Tokens were airdropped in giveaways to our loyal community.We experienced an unrivaled 850% increase in our user base.With Nexo’s outstanding accomplishments, we already have ambitious plans for 2020 that will continue to reflect our principles of excellence in providing the finest quality of service.2020: A Glimpse into the Year AheadThe Nexo Team is already working hard on our next set of goals. Among Nexo’s plans for 2020 are:The launch of our ‘Earn on Crypto’ product which will allow clients to capitalize on their idle cryptocurrencies.Relentlessly growing our Instant Crypto Credit LinesTM by adding even more collateral options, features and functionalities.Having our activity as a financial institution encapsulated by an API that can be used in different businesses allows Nexo unlimited future development. As such, Nexo is continuously working on the software aspect of its enterprise.Acquiring commercial banking capabilities so that we are able to tap into the fiat deposit-taking and payments system.Sustaining the highest of industry standards regarding compliance with all local regulatory frameworks.Evolving the Nexo platform in correspondence to the growing needs and demands of our clients.Building the Nexo Team’s capability and capacity to drive forward the thriving business.Empowering our users and our enterprise to live the future of banking by enabling the upcoming tokenization of the world.We are glad to have you onboard for what will be a truly phenomenal journey!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/href2019 in the Rearview and 2020, a Glimpse Into the Year Ahead was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

20. 02. 13

Improved NEXO Staking Polic...

Consistent with Nexo’s ongoing effort to better our services, from the 10th of February, we are implementing a new and improved policy for the 50% Interest Discount on our Instant Crypto Credit Lines. NEXO holders are set to profit from this upgrade and the NEXO Token will experience a notable boost in its utility features.What Is Changing?In order to receive the full 50% Credit Line Interest Discount, clients must stake enough NEXO Tokens in their Nexo Wallet to cover the interest for the entire period from the moment of withdrawing funds from the credit line up to their desired moment of repayment.Clients who have staked NEXO Tokens in their Nexo Wallet for only part of the duration of their loan will receive a Credit Line Interest Discount proportional to the number of days out of the entire period, for which they had a sufficient amount of NEXO Tokens staked in their wallet to cover the interest.With these improvements to our policy clients looking to take advantage of the Credit Line Interest Discount will now be able to make repayments using all assets available on the Nexo Platform including USD, EUR, GBP, AUD, as well as Bitcoin, Ether, NEXO, Litecoin, XRP, Stellar, Bitcoin Cash, EOS, all major stablecoins, and more assets coming soon.These changes will be live and effective as of the 10th of February, giving our clients ample time to make arrangements and adjustments, so as to meet their personal needs and financial goals.All interest accumulated on our platform is calculated by the state-of-the-art and fully-automated Nexo Oracle. The Oracle determines the interest and respective discount for every client’s wallet daily with no effort required of our clients.What Does This Mean for NEXO Token Holders?The new modification to our discount policy is designed entirely for the benefit of the NEXO Token Holders and clients, as it:Allows NEXO Token investors to receive the full 50% Credit Line Interest Discount by staking their NEXO in a more cost-efficient mannerRewards long-term investor confidence by incentivizing users to stake their NEXO Tokens over longer periods, thus reducing supply on the marketEnables NEXO holders to receive higher dividends based on Nexo’s loyalty dividend distribution systemEnsures fairness of discount distribution by providing greater discounts to loyal clients who consistently safe-keep their tokens in the Nexo WalletBalances market volatility and results in a higher, more stable demand for NEXO TokensWhat Further Improvements Are Still to Come?Тhe Nexo team is presently hard at work on the NEXO Token Utilities 2.0 Overhaul which will soon bring, in addition to the dividends and credit line discounts, a plethora of new utility features, including, but not limited to:Better interest rates on both our ‘Instant Crypto Credit Lines’ and ’Earn Interest’ productsPremium features and functionalitiesHigher Nexo Card CashbackExclusive Nexo Card designsHigher Affiliate commissionsInvite-only access to products announcements and eventsNexo has distributed more in dividends through the NEXO Tokens than any other company in the blockchain ecosystem and our dividend yield reached an impressive 12.73% — a figure, surpassing each of the highest dividend-paying stocks in the S&P 500.To join the success purchase NEXO Tokens on Huobi, the community’s most preferred cryptocurrency exchange. A complete list of all exchanges where NEXO Tokens are traded can be found below:Nexo (NEXO) price, charts, market cap, and other metrics | CoinMarketCapNexo’s profound goal is to make our clients an active part of our prospering financial wealth via the promising NEXO Token and we are confident these novel changes will be rewarding for everybody.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 | EmailImproved NEXO Staking Policy for Credit Line Discounts was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

20. 01. 29

Bitcoin Could Reach $50,000...

Early on in the new year Nexo’s managing partner and co-founder, Antoni Trenchev, was once again on Bloomberg for an interview on the tremendous growth and transformative value of Bitcoin over the past decade, the recent developments in the blockchain space, and Nexo’s essential role in the future of banking.Here are the key takeaways:Bitcoin has grown 9,000,000% since 2010 and could easily reach $50,000 by the end of 2020.The only historical analog close to the growth seen in Bitcoin over the past decade is the rise of the U.S. dollar against the Reichsmark in the 1920s when $1 went from being exchanged for 5 Reichsmarks to 4 billion Reichsmarks.Bitcoin has become “the new gold” — a stable investment delivering systematic asymmetric returns, uncorrelated to the traditional markets.While the USA is hesitating around the adoption of Libra, China’s government is going full speed ahead with the incorporation of blockchain technology and the development of the digital yuan.This advancement from the Chinese government, together with the widespread adoption of crypto by the general public, could alter how banking is currently conducted and challenge the role of intermediary banks.Nexo’s Instant Crypto Credit LinesTM аnd Earn Interest product continue to provide a much-needed utility dimension for Bitcoin and many other digital assets, creating a bridge between the world of long-term investment and day-to-day spending.A recording and a transcript of the complete interview are available below.https://medium.com/media/83ef627e4f9c60b43b93d27f0cae1ff6/hrefMatt Miller:Talk to us first about this incredible ride over the last 10 years. 9,000,000% is more than any asset I have been able to find, and I have looked for them. What do you think the future of Bitcoin looks like?Antoni Trenchev:I think we could very easily see Bitcoin going up to $50,000 by the end of this year. We have our analysts at Nexo crunching the numbers, doing very substantial research. It is a hell of a ride — it is the halving coming up, the rewards for miners are dropping. Last time this happened Bitcoin rallied 4000%. It has been an incredible asset, uncorrelated to the overall markets, it delivers systematic asymmetric returns. The only thing we have seen close to anything like this has been the rise of the U.S. dollar against the Reichsmark in the 1920s when you saw one dollar being exchanged for 5 Reichsmarks to one dollar being exchanged for 4 billion Reichsmarks. If Bitcoin follows this trend, there is a long way to go.Matt Miller:I did an experiment where I lived on Bitcoin for a couple of weeks back in 2012 when it first hit $1000. People thought that price was insane, ridiculous, to pay $1000 for this digital token. Now we are seeing it trade at a little more than $7,000. But it is not any easier now in 2020 to spend Bitcoin on the street then it was back in 2012. Why don’t you think it is picked up as a method of payment?Antoni Trenchev:That is a very good question. The initial idea was: we will pay for coffee with Bitcoin, but obviously that has failed to materialize. I think the narrative that is much more persuasive now is that Bitcoin is the new gold, and we see a confirmation with the turmoil we have this morning — Bitcoin is rallying on par with gold. In terms of sheer price action, if Bitcoin is the new gold and it captures 10% of the total market cap of gold, which is around $8–9 trillion; if it goes up a trillion that will be Bitcoin at $50,000. You have to stop thinking in terms of whole Bitcoins and start thinking of Satoshis because that will be what most people will be able to afford, just Satoshis not a whole Bitcoin; there is only twenty-one million to go around, there are morе millionaires in the world than that.Matt Miller:So a Satoshi is 1/8 of the Bitcoin. That is what you would compare to a cent when talking about a dollar.Anna Edwards:Or a pence even. Good morning to you, Antoni. Let me ask you what you expect from central banks. We heard from the ECB’s Jens Weidmann. He said there is no reason for the ECB to develop its own digital currency. To what extent do you expect to see central banks engaging with digital currency as we go into the next decade?Antoni Trenchev:I think that is definitely going to be the predominant topic of this year and the entire decade. I think for the first time ever, we are seeing China questioning the dominance of the U.S in terms of technological advancement. While the U.S. is in a state of hibernation, thinking “should we allow Libra”, which is not even a currency, it is backed by a basket of existing currencies. You see China going full steam ahead with a digitized yuan.Digitized currencies will revolutionize the way we bank. It will question the supremacy of the almighty dollar, and that is something that has got everyone excited at Nexo because these are incredible times we live in. This gives China the mechanism to bypass the whole arsenal of sanctions and intermediary banks, which ultimately gives a lot of power to the U.S. That is being challenged as we speak right now.Matt Miller:If I am not mistaken, you do about $10 million worth of volume a day in trading. Аnd apparently, what is the deal? I can use a debit card from Nexo and borrow money backed by the crypto I have with you?Antoni Trenchev:A couple of things. We are a financial institution providing banking services for the blockchain space. Our bread and butter is lending, so you deposit Bitcoin, and get an instant credit line backed by your crypto. That way you can spend its value without selling it. You have got the MasterCard, which you can use and spend with. It is efficiency across-the-board. We also have an interest-bearing product, which allows you to earn 8% on your idle assets whatever they might be.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/hrefBitcoin Could Reach $50,000 in 2020, Says Nexo’s 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

20. 01. 08

EOS Now Available for Nexo’...

Following the addition of Stellar (XLM) and Litecoin (LTC) to the list of accepted collateral for Nexo’s Instant Crypto Credit Lines™ which currently includes BTC, BCH, ETH, BNB, XRP and others, the company has now taken the next important step in expanding its ever-growing service by making Block.one’s EOS available for its credit line service.EOS is the native cryptocurrency of EOS.IO and is designed to be secure, fast and user-friendly in order to propel the mass adoption of crypto. Their industry-leading transaction speed and flexible utility make it one of the most progressive networks currently in the blockchain space.Allowing ЕОS holders to borrow against their assets rather than selling them when they need access to liquidity greatly increases the utility feature of the EOS token. It eases selling pressure and makes HODLing EOS easier in the long run while providing EOS holders with the added benefit of a markedly tax-efficient way of doing business.Antoni Trenchev, Co-Founder and Managing Partner of Nexo commented on the largely anticipated new feature to the Nexo platform:“EOS is a particularly valuable cryptocurrency to work with on the Nexo platform as it is specifically designed to push the adoption of crypto to new heights. At Nexo, we share in this common goal and are eager to watch the thriving of the EOS token and the consequent increase in Nexo’s addressable market, yet again expanding our quality crypto banking services worldwide.”Renown venture capitalist and co-founder of EOS Alliance Brock Pierce also discussed the exciting new development:“EOS and Nexo joining ranks in this partnership is sure to be the perfect shape to add to the sacred geometric puzzle that is the blockchain industry. It is bound to bring people a lot of joy by enabling them to create their own opportunities for wealth and prosperity now by utilizing the unlocked value of their EOS without having to sell it.”With the new utilities for EOS and thе addition of yet another collateral option for Nexo, the two companies are setting a prime example of the financial freedom and flexibility cryptocurrencies and blockchain technology can offer.Nexo’s Instant Crypto Credit Lines™ offer considerable advantages:The best borrowing rates starting from 5.9% APR and only on what you use$100M insurance and secure storage of all custodial assets with leading audited crypto custodian BitGoA minimum amount of $500, a maximum of $2,000,000 (larger amounts available upon request)Automated and guaranteed instant approval with no credit checksNo installments and no minimum loan repaymentsSame/next day free local bank withdrawalsAvailable worldwide in 200+ jurisdictionsAvailable in 40+ fiat currencies (USD, EUR, JPY, etc.)#ZeroFees — no hidden fees, no FX commissionsSee this quick guide on how to access Nexo’s instant crypto-backed loans in three easy steps.We look forward to the next time we can update you on our progress in creating the most valuable, flexible and inclusive crypto lending service.About NexoNexo is the world’s leading regulated financial institution for digital assets. The company’s mission from day 1 is to maximize the value and utility of digital assets by offering tax-efficient ‘Instant Crypto Credit Lines’, high-yield ‘Earn Interest’ products and ‘Send & Pay’ capabilities for our clients, while enjoying the $100 million custodial insurance and military-grade security of the Nexo Wallet. Since raising $52.5 million in 2018, Nexo has processed $1+ billion in 40+ fiat currencies for 500,000+ users across 200 jurisdictions.Official website: https://nexo.ioAbout EOSIOEOSIO is a next-generation, open-source blockchain protocol with industry-leading transaction speed and flexible utility. Introduced in May 2017, it has since been widely recognized as the first performant blockchain platform for businesses across the world.Official Website: https://eos.ioAbout Block.oneBlock.one is a software engineering company specializing in high-performance blockchain software. In 2018, it published EOSIO, a free, open-source protocol designed to bring speed, scalability, and ease of use to the secure and transparent fundamentals of distributed databases. Block.one’s venture capital arm, EOS VC, invests in companies, projects, and developers around the world leveraging EOSIO technology.Official website: www.block.oneDo 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/hrefEOS 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. 12. 20

Bitcoin Cash Now Available ...

Nexo, the most successful crypto lender in the world, is extremely pleased to announce that it has once again expanded its ever-growing service by adding Bitcoin Cash (BCH) to the list of accepted collateral for its signature Instant Crypto Credit Lines.Bitcoin Cash is one of the biggest cryptocurrencies in the blockchain space. Its network is designed to be able to process a larger transaction capacity, thus providing its users with the flexibility to work with low-cost micro-transactions as small as 10c (USD), as well as significantly larger business transactions.Onboarding Bitcoin Cash to Nexo’s Instant Crypto Credit Lines greatly increasing the asset’s utility features, eases selling pressure and makes HODLing easier in the long run.Nexo’s new BCH-backed credit line allows investors to borrow against their assets rather than selling them when in need of liquidity. Better still, BCH holders will get to enjoy Nexo’s completely industry-leading interest rates and superior, tax-efficient service.Bitcoin.com CEO Stefan Rust commented on Nexo’s incorporation of Bitcoin Cash into the Instant Crypto Credit Lines:“More and more companies are seeing the ever-rising activity on many fronts around BCH and wish to take part in the action. It is great to see Nexo joining the foray with such interesting and compelling new financial services.”BCH’s popularity and multiple, versatile use-cases make it the perfect partner for Nexo as we work towards providing our excellent services to all crypto users worldwide.Get an Instant BCH-Backed Credit LineNexo’s Instant Crypto Credit Lines™ offer considerable advantages:The best borrowing rates starting from 5.9% APR and only on what you use$100M insurance on all custodial assets provided by leading audited custodian BitGoA minimum amount of $500, a maximum $2,000,000 (larger amounts available upon request)Automated and guaranteed instant approval with no credit checksNo installments and no minimum loan repaymentsSame/next day free local bank withdrawalsAvailable worldwide in 200+ jurisdictionsAvailable in 40+ fiat currencies (USD, EUR, JPY, etc.)#ZeroFees — no hidden fees, no FX commissionsSee this quick guide on how to access Nexo’s instant crypto-backed loans in three easy steps.We look forward to the next time we can update you on our progress in creating the most innovative crypto lending service in the blockchain space.About NexoNexo is the world’s leading regulated financial institution for digital assets. Since raising $52.5 million in 2018, the company has processed $1+ billion in 40+ fiat currencies for 500,000+ users across 200 jurisdictions. Nexo’s mission is to maximize the value of digital assets by offering tax-efficient ‘Instant Crypto Credit Lines’, high-yield ‘Earn Interest’ products and ‘Send & Pay’ features to our clients, who also enjoy the $100 million custodial insurance and military-grade security of the Nexo Wallet.Official website: https://nexo.ioAbout Bitcoin CashBitcoin Cash is a peer-to-peer electronic cash system with a permissionless, decentralized cryptocurrency that requires no trusted third parties and no central bank.Bitcoin Cash is one of the biggest cryptocurrencies in the blockchain space. Its network is designed to be able to process a larger transaction capacity, thus providing its users with the flexibility to work with low-cost micro-transactions as small as 10c (USD), as well as significantly larger business transactions.Official website: https://www.bitcoincash.org/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 | EmailBitcoin Cash Now Available As Collateral 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. 12. 10

Nexo’s Security Infrastruct...

Nexo’s Security Infrastructure Is Now ISO/IEC 27001:2013 CertifiedNexo is very proud to announce that following a period of extensive audits, inspections and checks, the company has attained the ISO/IEC 27001:2013 Certificate.Nexo’s information security management system (ISMS) has successfully been audited by CISQ, a member of IQNet and the world’s largest provider of management system certification, and RINA who have decades of experience in certifications.ISO/IEC 27001 guarantees that Nexo’s security infrastructure is of the highest standard, thus ensuring the safety of the enterprise and minimizing risks for all clients and investors. Being ISO/IEC 27001 compliant, Nexo is now raising the bar for the entire blockchain space, by utilizing the most rigorous security policies, impeccable risk assessment, data protection, and state-of-the-art cybersecurity.Nexo boasts a multifaceted approach to building its ecosystem and we are proud to be the only regulated financial institution for digital assets with:12+ years of flawless FinTech success$100 million insurance on custodial assets through Lloyd’s of LondonCold storage in bank-grade Class III vaults through the SOC 2 Type 2 certified crypto custodian BitGoISO/IEC 27001:2013 accredited information security management systemsThese are but a few of the many attestations to Nexo’s superior approach to security. Since raising $52.5 million in 2018, Nexo has processed $1+ billion in 40+ fiat currencies for our 500K+ users across 200+ jurisdictions with the consistent security and professionalism accompanying our ‘Earn Interest’ products and ‘Send & Pay’ functionalities, as well as our signature tax-efficient ‘Instant Crypto Credit Lines’.We look forward to the fruits this endeavor will reap and continue to pursue novel developments with enthusiasm for all of you to enjoy.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 Security Infrastructure is Now ISO/IEC 27001:2013 Certified was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 11. 20

Nexo Partners with FIO to I...

Nexo is once again at the forefront of innovation for the blockchain community by becoming the newest member of FIO, the Foundation of Interwallet Operability. By partnering with FIO, Nexo joins the ranks of Binance’s Trust Wallet, among many others, in a collaborative effort to improve usability for the ecosystem.FIO is working to create a standard decentralized service layer for the blockchain space which will process messaging, workflow and communications between the myriad of different wallets, exchanges, and platforms, thus eliminating the complexities of making blockchain transactions. In effect, FIO’s platform is like an email domain, instead of dealing with long complicated public addresses users and firms can use a simple FIO address that works across multiple blockchain networks. The FIO Protocol will also enable users to send payment requests, store metadata associated with their transactions and otherwise manage their crypto wealth. The result: a clearer, safer, more efficient and usable blockchain network.David Gold, CEO of Dapix Inc, the company in charge of the development of the FIO Protocol, noted:“Just as Nexo has streamlined the crypto lending space, FIO will do the same for crypto usability, so it’s great to welcome Nexo and have the two companies aligned.”Until recently FIO’s partners consisted mainly of wallets and exchanges. Nexo is the first crypto lending company to become a member of FIO, thus demonstrating the importance of FIO’s cause for the blockchain ecosystem, as well as Nexo’s innovative character and active involvement in the development of the blockchain industry for which the company has already processed a striking $1+ billion.Antoni Trenchev, Nexo’s co-founder and managing partner, shared his thoughts on the new partnership:“The only way to grow crypto adoption is by solving the industry’s pressing problems. This is what Nexo has done with our signature Instant Crypto Credit Lines crypto loans for 400K+ holders and we are thrilled to serve the millions who will enter the crypto space thanks to the usability FIO is bringing to the industry.”About FIO ProtocolThe Foundation for Interwallet Operability (FIO) is a consortium of leading wallets, exchange, and crypto payment processors supporting the FIO Protocol — a decentralized Service Layer that removes the risk, complexity, and inconvenience of sending and receiving tokens and coins identically across every blockchain. The FIO Protocol is not a wallet and does not compete with other blockchains, rather, it makes the user experience better across every wallet and every blockchain.To learn more visit: https://fio.foundation/About NexoNexo is the blockchain’s leading regulated financial institution and the only provider of Instant Crypto Credit Lines, offering investors tax-efficient access to the value of their digital assets without having to sell them. Built by a team of professionals with more than a decade of FinTech success, the Nexo platform has processed more than $1 billion in under 18 months.All Nexo products are fully automated, offer incredibly intuitive user experiences and the flexibility to fit the individual financial needs of a global customer base of more than 400,000 users across 200 jurisdictions. Nexo boasts guaranteed approvals, no hidden fees, and an unrivaled $100 million custodial insurance which has appealed to a wide variety of institutional clients, hedge funds and family offices, crypto mining enterprises, blockchain companies, exchanges, and everyday cryptocurrency investors.Official website: https://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/hrefNexo Partners with FIO to Improve Blockchain Usability was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 11. 19

Nexo Cuts Borrowing Rates t...

Nexo, the leading crypto lending institution, is pleased to announce that having secured long-term cost-efficient financing, it has significantly lowered the rates on its signature Instant Crypto Credit Lines™ to the benefit of its customers, effectively offering one of the lowest APRs (Annual Percentage Rates) in the blockchain space:The APR on Nexo’s Instant Crypto Credit Lines now starts at only 5.9% with no hidden fees, no minimum repayment requirements and no credit checks which ensures maximum flexibility for clients to borrow against their crypto assets in 40+ fiat currencies across more than 200 jurisdictions.Unlike most lenders in the blockchain space that charge up to 4% in origination fees and 5–13% in liquidation fees, Nexo conducts business without any additional charges as an extension of its #ZeroFees initiative.The rate cut is the result of the company’s ongoing effort to bring down its funding costs by utilizing Nexo’s extensive network of financial partners and access to institutional liquidity.The lowered interest rates for Nexo’s Instant Crypto Credit Lines mean а larger volume of business which in turn ensures ever-growing dividend payments for NEXO Token Holders.Regardless of the reduction of borrowing rates, the interest on Nexo’s ‘Earn Interest’ product remains 8%, meaning clients will continue to benefit from the current high-yield interest on their idle assets.Nexo always strives to further improve rates for its user base, currently surpassing 300,000 people worldwide, and offering credit lines with a minimum amount of $500 and up to $2 million, is one of the many milestones along the road to make decentralized financial services even more inclusive.As the tokenization of the world progresses further, the improved interest rates guarantee that Nexo’s cutting-edge products are utilized by an even wider audience across the globe. One of the early examples is the world’s first crypto-backed mortgage issued by Nexo to Brock Pierce for the purchase of a second home, all the while retaining ownership of his Bitcoin — a concept that now finds wide-spread adoption in the blockchain community.Building on top of the success with its products with cryptocurrencies and stablecoins, Nexo is now beginning to offer the same efficient mechanism of financing for tokenized gold, making gold-backed borrowing accessible for as little as $500, something that was previously reserved for the ultra-wealthy. About NexoNexo is the blockchain’s leading regulated financial institution and the only provider of Instant Crypto Credit Lines, offering investors tax-efficient access to the value of their digital assets without having to sell them. Built by a team of professionals with more than a decade of FinTech success, the Nexo platform has processed more than $1 billion in under 18 months.All Nexo products are fully automated, offer an incredibly intuitive user experience and the flexibility to fit the individual financial needs of a global customer base of more than 300,000 users. Nexo boasts guaranteed approvals, no hidden fees, and an unrivaled $100 million custodial insurance which have appealed to a wide variety of institutional clients, hedge funds and family offices, crypto mining enterprises, blockchain companies, exchanges and everyday cryptocurrency investors.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 Cuts Borrowing Rates to 5.9% APR After Securing Cost-Efficient Institutional Financing was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 10. 22

NEXO Tokens Now Trading on ...

Nexo, the blockchain’s leading regulated financial institution, is pleased to announce that it is further enhancing its collaboration with the world’s largest cryptocurrency exchange Binance. As a direct result, the trading of NEXO on Binance DEX starts today, October 18, 2019:The NEXO Token Holders can now enjoy all the benefits which have turned Binance into the industry’s favorite cryptocurrency exchange — liquidity, cutting-edge trading solutions, dedicated focus on security and decentralization.In line with the community-led approaches of Nexo and Binance, the Binance DEX listing brings a number of benefits for the crypto ecosystem. It establishes a direct connection between NEXO and BNB holders, providing them with an efficient exchange mechanism and giving additional utility to both assets.Thе history between Binance and Nexo dates back to July 2018 when Nexo became the first crypto lender to start accepting the BNB Token as collateral for Nexo’s Instant Crypto Credit Lines, a move hugely appreciated by Binance’s CEO CZ.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");}}Thousands of BNB holders consistently borrow against their tokens in the most tax-efficient manner, as more and more people understand Nexo’s unique proposition of accessing the value of their crypto holdings without having to sell any on them.Here’s How Nexo Might Help You with Your Tax Situation*“We are happy to build a direct bridge between the Binance Chain ecosystem and the Nexo crypto banking services via the NEXO/BNB trading pair on Binance DEX. Furthermore, we are glad to have the BNB native coin integrated within Nexo’s instant crypto lending platform as this creates yet another strong utility for BNB.” said Ted Lin, Binance’s Chief Growth Officer.While Antoni Trenchev, Managing Partner at Nexo, commented:“Binance is enormously important to the blockchain space and we are beyond excited help expanding the ecosystem, to the benefit of both BNB and NEXO Token holders, so that they can trade and borrow and soon earn in their respective cryptocurrencies as well.”In addition to regular and growing passive income, the Nexo 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:Even 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, of which the Binance DEX listing is one example, will further ensure a continuously growing demand and appreciation of the NEXO Token.About Nexo:Nexo is the blockchain’s leading regulated financial institution and the only provider of Instant Crypto Credit Lines, offering investors tax-efficient access to the value of their digital assets without having to sell them. Built by a team of professionals with more than a decade of FinTech success, the Nexo platform has processed more than $1 billion in under 18 months. All Nexo products are fully automated, offer an incredibly intuitive user experience and the flexibility to fit the individual financial needs of a global customer base of more than 300,000 users. Nexo boasts guaranteed approvals, no hidden fees, and an unrivaled $100 million custodial insurance which have appealed to a wide variety of institutional clients, hedge funds and family offices, crypto mining enterprises, blockchain companies, exchanges, and everyday cryptocurrency investors.Official website: https://nexo.ioAbout BinanceBinance is a blockchain ecosystem comprised of several arms to serve the greater mission of blockchain advancement and the freedom of money. Binance Exchange is the leading global cryptocurrency exchange by trading volume, with users from over 180 countries and regions. The Binance ecosystem is also comprised of Binance Labs (venture capital arm and incubator), Binance DEX (decentralized exchange feature developed on top of its native, community-driven blockchain software system, Binance Chain), Binance Launchpad (token sale platform), Binance Academy (educational portal), Binance Research (market analysis), and Binance Charity Foundation (blockchain-powered donation platform and non-profit for aiding in sustainability).Official website: https://www.binance.orgDo 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 Now Trading on Binance DEX was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 10. 18

NEXO/BNB Trading Competitio...

NEXO/BNB Trading Competition on Binance DEX — 100,000 NEXO, 100 BNB, and Many Other RewardsNexo is thrilled to announce the start of NEXO/BNB trading on Binance DEX!To commemorate the official listing, we have prepared a trading competition with exciting rewards and incentives for all NEXO/BNB traders to enjoy.Competition Overview:Everyone gets rewarded — for both active trading and mere participation, given that you cover the basic requirements at least once.Duration: 7 Days Start: Friday, October 18 (13:00 UTC)End: Friday, October 25 (00:00 UTC)Rewards: 100,000 NEXO + 100 BNBThe Two Reward TiersDaily Rewards:70,000 NEXO (7 daily reward pools x 10,000 Tokens) + 210 Nexo T-shirts.Each day 10,000 NEXO will be shared among all Binance Chain addresses that:Reach a daily trading volume of 500 or more NEXO (including both buy & sell orders)Hold a minimum of 500 NEXO (snapshots will be taken randomly each day)Each day 30 Nexo T-shirts will be distributed to the traders behind 5 random addresses, which fulfill the daily trading and holding requirements (please see also the General Tips section below).The trading volume on each address resets daily at 00:00 AM (UTC) so bear that in mind in order to maximize your chances of winning.Daily rewards will be automatically airdropped to eligible addresses at approximately 12:00 PM (UTC) each following day.2. Grand Rewards — 30,000 NEXO + 100 BNB + 50 Nexo HoodiesAt the end of the 7-day competition:30,000 NEXO will be divided equally among the top 10 Binance Chain addresses that have generated the highest trading volumes for the entire duration of the competition.Each of those top 10 traders will, of course, also get a fluffy Nexo Hoodie to fit them perfectly and keep them warm.100 BNB will be rewarded to the trader who generates the highest volume during the whole competition.General Tips:Daily reward winners and the leaderboard with the top traders will be posted in this spreadsheet.You can swap NEXO ERC-20 to BEP2 at #ZeroFees using your secure Nexo Account so that you can trade freely on Binance DEX.In order to ensure fair play and smooth delivery of the Nexo T-shirts and Hoodies, we need the winners to confirm their digital and physical addresses:Please send 500 NEXO from their winning Binance Chain address to their Nexo Wallets (and kindly pass advanced verification)Please send an email to support@nexo.io containing the transaction ID of the 500 NEXOWash trading will not be tolerated. Both Binance DEX and Nexo will monitor the activities around the competition and will disqualify any attempts to gain an unfair edge over other participants.Follow @NexoFinance and @AntoniNexo on Twitter to stay updated for airdrop campaigns and industry insights.How to Trade NEXO/BNB on Binance DEXCreate a wallet for Binance DEX.Transfer BNB to your Binance DEX address.Place Buy Order on the NEXO/BNB pair.Once you are done trading, make sure to move your NEXO to your Nexo Wallet to enjoy passive income and to get rewarded for your loyalty.We hope you will enjoy trading NEXO/BNB on Binance Dex and will discover the many benefits of both crypto assets that have performed exceptionally well since their respective launches!About Nexo:Nexo is the blockchain’s leading regulated financial institution and the only provider of Instant Crypto Credit Lines, offering investors tax-efficient access to the value of their digital assets without having to sell them. Built by a team of professionals with more than a decade of FinTech success, the Nexo platform has processed more than $1 billion in under 18 months. All Nexo products are fully automated, offer an incredibly intuitive user experience and the flexibility to fit the individual financial needs of a global customer base of more than 300,000 users. Nexo boats guaranteed approvals, no hidden fees, and an unrivaled $100 million custodial insurance which have appealed to a wide variety of institutional clients, hedge funds and family offices, crypto mining enterprises, blockchain companies, exchanges, and everyday cryptocurrency investors.Official website: https://nexo.ioAbout BinanceBinance is a blockchain ecosystem comprised of several arms to serve the greater mission of blockchain advancement and the freedom of money. Binance Exchange is the leading global cryptocurrency exchange by trading volume, with users from over 180 countries and regions. The Binance ecosystem is also comprised of Binance Labs (venture capital arm and incubator), Binance DEX (decentralized exchange feature developed on top of its native, community-driven blockchain software system, Binance Chain), Binance Launchpad (token sale platform), Binance Academy (educational portal), Binance Research (market analysis), and Binance Charity Foundation (blockchain-powered donation platform and non-profit for aiding in sustainability).Official website: https://www.binance.orgDo 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/BNB Trading Competition on Binance DEX, Win 100,000 NEXO, 100 BNB, and Many Other Rewards was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 10. 18

Nexo’s Antoni Trenchev on C...

Dear Nexonian,Nexo’s managing partner Antoni Trenchev back at CNBC’s Squawk Box Europe for a heated discussion with Julianna Tatelbaum and Steve Sedgwick about the Facebook’s Libra project, the intrinsic value of cryptocurrencies and how Nexo is shaping a quickly tokenizing world.Here are the key takeaways:Libra has an amazing value proposition and has a lot of potential if done right:Instant adoption of crypto by potentially 4 billion people;Low cost cross-border payments with near-instant settlement;Social inclusion and participation in Western-like wealth creation for 2+ billion of underbanked people across the globe;The regulatory pushback has been perhaps underestimated and what the final product will look like remains to be seen.Bitcoin (BTC) has outperformed any other asset during the past ten years and both retail and institutional investors cannot afford to NOT have it in their portfoliosPrudent investors should deploy risk- and money-management strategies and have at least a small portion of BTC in their portfolio, as BTC is an uncorrelated asset that regularly delivers asymmetric returns and improves the risk-based returns.Nexo has processed more than $1 billion on the platform in just under 18 months and has seen an influx of institutional players entering the spaceInstant Crypto Credit Lines™ against tokenized gold are an important step in the tokenization of everything which bring the total addressable market for Nexo into the trillions as stocks, bonds, commodities, real-estate and fine art are brought on-chain.Watch the full interview or read the transcript below:https://medium.com/media/e764ded88d1c7ca1b1349098deb5ec3a/hrefJulianna Tatelbaum:Let’s bring in Antoni Trenchev, co-founder of Nexo, to weigh in on the latest when it comes to Libra. Do you think that Facebook badly miscalculated, in terms of the regulatory push-back they’re seeing?Antoni Trenchev:I think it’s a classic situation of glass half-full, glass half-empty. What is for sure that it has gotten much more complicated than the last time we talked about it when I was on here. I think that the value proposition of the project is still there - low-cost cross-border payments that settle almost instantly, I think the world is going to profit from a cryptocurrency that is backed by a basket of currencies and short-term government securities. Obviously, there are few clouds coming up, and we’ll see after those clouds clear how exactly the product is going to look. But if it comes to be, we at Nexo will instantly on-board it for our loans and as a payment instrument that we accept. I try to be optimistic, but there was some miscalculation as to the regulatory push-back.Julianna Tatelbaum:When you talk about things having become more complicated since the announcement of the launch, what’s actually changed?Antoni Trenchev:Well, it’s all about perception. I think that people in my space, I personally and we at Nexo expected the Libra leadership and Facebook to have done the proper legwork of securing, if not consent, then at least a nod from the regulators, because that’s not some mom-and-pop shop doing something, this is Facebook with a user base close to 4 billion. So, this is a massive, massive grand project, which obviously has to comply with AML and KYC procedures, and if you are against that, then you’re on the wrong side of things.Marcus Morris-Eyton:I think what Facebook is trying to do here is to clearly replicate some of the success you’ve seen with WeChat and Alipay in China, and Libra is clearly their instrument to do that. As you say, they have a big advantage with the install base that they have of nearly 4 billion customers across the globe. But they have to be very careful not to step on the central bank’s toes and their ability to influence monetary policy.Steve Sedgwick:How do you not step on the central bank’s toes? It’s a really good question, but I don’t know how they cannot step on their toes given the install base, I don’t know how many Facebook users are there, but I know it’s over a billion.Marcus Morris-Eyton:I think that’s why this is very different to other cryptocurrencies you’ve seen launched because this will be far larger in terms of potential scale. So, the influence it potentially has is much greater than many of the other cryptocurrencies you’ve seen launched, and I think this is why you’re seeing some of the regulators push back.Steve Sedgwick:Why would central banks allow this to happen? I mean we had a central banker in here earlier, Stefan Ingves from the Riksbank, and I got the impression that central banks would have a response, but it would be them leading a digitalization of money rather than the private sector.Antoni Trenchev:Well, that does make sense. However, we’ve got to think of the composition of Libra as a cryptocurrency, it’s not going to be akin to Bitcoin, Ripple or Ethereum where it has little intrinsic value.It’s going to be a cryptocurrency which is actually pegged to fiat currencies; Pounds, Euros, Dollars, all of them and short-term governmentally issued debt instruments. So, I don’t think that’s necessarily a challenge to the status quo, it is just bundling it up and backing the cryptocurrency, which is not inherently creating a new currency, which could be seen as a challenge to central banks.Steve Sedgwick:This brings me back to the conversation I had with a property developer around this desk a couple of years ago, and that lady will remain nameless, she tried to explain to me why it was great to buy this property in cryptocurrencies. I said: well, I don’t understand how you can pay your bills and your builders in cryptocurrency, oh no, it’s fully convertible to dollars. I’m like: well, why would anyone change their dollars to crypto back to dollars again? What’s the point of the crypto if it’s backed by a fiat currency?Antoni Trenchev:Well, a few things. Bitcoin is the best performing asset of the past decade.Steve Sedgwick:It’s a volatile performing asset, it’s a sure recipe for people who don’t know what they’re doing. Whenever people ask me about Bitcoin, I always say to them, do you understand the product? And they say no. Then the second question I’ll say, can you afford to lose the money? And they variably say no. So, I say, well, then these are the two criteria, you shouldn’t touch Bitcoin.Antoni Trenchev:Well, that’s a risk management and money management and a strategy of how everyone addresses that in their personal portfolio.Steve Sedgwick:Do you know what Bitcoin is worth?Antoni Trenchev:I know that if you take the longer view over the past decade, it has outperformed any other assets, hands down.Steve Sedgwick:When it went down from 12,000 to 8,500 or the 8,311 that it is now, did you understand why it went down?Antoni Trenchev:Well, everything that goes 4x in a few months is bound to have a correction.Steve Sedgwick:What I’m saying is that people don’t understand why it’s moving one day to the next, up or down. I’m not an advocate for it and I’m certainly not a detractor. If you don’t understand why something’s moving, why would you touch it?Antoni Trenchev:You would proceed with caution because having BTC in your portfolio actually improves your Sharpe ratio by a serious multiple and this is a measurement of risk adjusted returns. For instance, at Nexo, we also give you the means of holding on to your Bitcoin over the long-term and accessing the value of your crypto via loan, which could be in 45 different fiat currencies.Steve Sedgwick:That’s my next question. I know that you’re one of the leading instant crypto-backed loans providers. In the world of free money, why do we need a crypto-backed loans provider when there is money sloshing around at a negative rate? I had a central bank here with negative rates for his banks earlier on as well. Why do we need crypto-backed loans in a world where the private equity got trillions?Antoni Trenchev:Well, apart from the obvious reasons that we’re heading towards a disaster with the expansive monetary policy, but that’s a whole other topic — why we need a crypto lender is because the space is very vibrant, it’s moving, it is propelling innovation and there are a lot of people that hold on to their crypto and exactly so that they can take the longer view. We are there to provide them short-term financial instruments, which they can borrow against their holdings, meet their short-term liabilities.Steve Sedgwick:Your interest rates are much cheaper than other people’s interest rates.Antoni Trenchev:We go as low as 5.90% per year.Steve Sedgwick:So, you’re lending money at 5.9%. What is the lowest interest rates UBS provide?Nick Nelson:I’ve no idea, but I know that you can have negative rates in Switzerland?Steve Sedgwick:So, why would I borrow money from you at 5.9% when I can go to UBS?Antoni Trenchev:Because you get to keep your Bitcoin at the same time. It’s very similar to what UBS for instance is doing with Lombard credits against gold, where you can have physical gold, and put it with UBS, they would then give you cash and you can go on and buy even more gold. We’re now doing the same thing with tokenized gold - we do that with all sorts of cryptocurrencies. It’s just a different product that people are utilizing.That’s why in the past 18 months, as a startup just launching, we have processed over a billion dollars.Nick Nelson:On that point, if the regulators want to know how you’re creating leverage, can you track that? Can they see that? Can the governments and the central bank see how much leverage has been created?Antoni Trenchev:We actually encourage under-leverage because if you have $10,000 worth of Bitcoin, we only going to give you 50 cents on the dollar. So, we encourage under-leverage, much like what you guys do with gold.Steve Sedgwick:We’re going to leave you there. Great conversation. Thank you very much indeed. Nice to see you, Antoni Trenchev, co-founder of Nexo.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 Antoni Trenchev on CNBC Weighing in of Libra, BTC’s Intrinsic Value and Tokenizing Gold was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 10. 15

Make Gold Great Again

Gold has recently seen an uptick in value as investors search for hedges against a potential world recession. The precious metal is rightfully seen as a safe haven in turbulent times and when the US Federal Reserve applies aggressive monetary policy. Add the fog of trade war to that, China’s slowing growth and President Trump calling for rates of 0 or less and the perfect storm might be upon the world’s economy.The price action of gold clearly shows — investors are rushing into bullion investments. As the world prepares to embrace a looming recession, after a decade of rising equity and bond prices, precious metal markets have rocketed, while digital assets have also seen a significant inflow. According to RBC Data, $9.7 billion was invested in metals through exchange-traded securities in June 2019 alone. Gold is trading near a 6-year high.Most turn to gold ETFs, vehicles for the sought-after commodity in the form of securities. But an even more flexible method of investing in gold is emerging in the form of blockchain tokens. The novel investing approach is gathering steam since these tokens offer real ownership of a tangible investment like gold with the speed and security of distributed ledger technology.At Nexo, we have been hard at work to allow users to use tokenized gold as collateral so that clients can borrow against it for as little as $500.Unlike dealing with physical gold or ETFs, these transactions are instant, cheap and accessible to everyone, regardless of whether they have an account with Charles Schwab.Nexo is also introducing the most profitable gold interest-bearing accounts which yield an unprecedented 8% interest rate.This comes less than a year since Nexo offered the same high-yield savings accounts on stablecoins and fiat currencies.Earn up to 8% on DAI, PAX, USDC, Compounding Daily and Secured by Custodial InsuranceBut tokenized gold is just the beginning of a revolutionary shift towards asset tokenization. In the midst of today’s confusion and the world’s recent turbulent economic history, Innovative FinTech companies like Nexo can combat at least some of the predicaments of savvy investors. Low-interest rates and dangerous monetary policies have done much to facilitate that and at Nexo, we are conscious of the bigger picture and try to derive maximum benefits to the blockchain community and beyond.The Problem with Helicopter MoneyTo borrow from Milton Friedman, helicopter money, a more descriptive way of characterizing the concept of quantаtive easing, inherently brings a plethora of problems and in 2019 we appear to be at a juncture.The problem comes when trying to fight a recession while interest rates keep falling. Even former fed chairman Alan Greenspan proposed that it was only a “matter of time” before the United States sees negative interest rates. With rates bottomed out, the Fed will not have much leverage to drive investor confidence and buyout the market.If one would like to see the future, we need not look further than Japan, where ultra-low rate put traditional investments at risk. As the world population ages, consumers tend to shift towards increasing their savings and lowering their consumption. This will at some point inevitably result in a blow to traditional markets.With interest rates at dangerously low levels, central banks are left one recourse: printing more money which is throwing gas into the fire. For instance, when Venezuela’s struggling economy sparked hyperinflation, the government decided to print cash.The result was astronomical numbers of bolivars (the national currency) in circulation. Last year, President Nicolas Maduro raised the minimum wage by 3000%, then relaunched the currency after cutting off 5 zeroes. 200,000 bolivars became 2 overnight. This rendered the currency virtually worthless. As of this writing, one US dollar equals 20,482 new Venezuelan bolivars.Faced with these realities, it is up to innovative finance companies like Nexo to offer alternative products that unlock the power of novel technologies and offer clever means to hedge against the possible onset of a downturn.Tokenization of EverythingWe like to think of ourselves as an already proven pioneer of the FinTech space. Nexo is placing itself at the forefront of a shift towards investments and savings in cryptocurrencies and tokenized assets which will offer investors protection from situations like those in Venezuela. And this shift has already started.Last year, ‘Mighty Ducks’ actorBrock Pierce purchased a home in Amsterdam worth $1.2 million using the world’s first mortgage collateralized with crypto through Nexo.Once a beautiful mid-century chapel, the restored building is now turned into an avant-garde home for Mr. Pierce through and instant crypto credit line from Nexo. This move allowed Mr. Pierce to hold on to his BTC, access the value of his crypto without selling, get exposure to real-estate and essentially remain dollar-neutral or even short the greenback.With Nexo adding tokenized gold as a collateral option, the same concept is now being offered en mass.Our collaborations with PAX Gold, a token that represents legal title to physical, vaulted gold, approved by the State of New York and InfiniGold which offers investors to buy, sell and hold physical gold stored at The Perth Mint are among the first moves in what soon will be a reality across all asset classes.Nexo Now Accepts Tokenized Gold for Instant Credit Lines and Will Offer Interest-Bearing Accounts…Some analysts predict a TOE or ‘Tokenization of Everything’ and at Nexo, we are big proponents of this concept, convinced that its benefit are imminently upon us.Tokens can represent anything — stocks, bonds, commodities, currencies, identities, fine art, real-estate — and then be divided into smaller pieces and transferred worldwide at virtually no cost.This concept is already seeing mainstream adoption and this trend will continue to do so in the years to come. It might very well be as revolutionary as the internet boom of the early 2000s as suggested by a recent report by Deloitte.All Eggs, Many BasketsAs more and more companies tokenize the various asset classes, those can easily be grouped into baskets and managed in a diversified manner. Furthermore, with smart contracts and automatic rebalancing, baskets of tokens offer automatic diversification and insights from AI to make the process even more efficient.While not all might have the stomach to invest in Bitcoin given its inherent volatility, tokens backed by real assets offer all the advantages of the blockchain system with less fluctuations. And since by definition distributed ledger technology is immutable, it is extremely difficult for it to be misused as a conduit of foul play. Likewise, a decentralized market will guarantee fair prices, liquidity and access to even the remotest corners of the world.And Nexo is there to provide the necessary banking solutions in the brave new tokenized world.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/hrefMake Gold Great Again was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Nexo

19. 10. 07

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 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/USDT 120.29 1,021,614,151.75 Short cut
Huobi Global NEXO/ETH 146.89 724,141,361.52 Short cut
Bitrue NEXO/BTC 119.14 245,625,958.56 Short cut
HitBTC NEXO/BTC 147.03 17,889,437.26 Short cut
Coinbit NEXO/KRW 94.80 1,615,971.10 Short cut
LiveCoin NEXO/BTC 146.85 270,020.12 Short cut
YObit NEXO/BTC 145.62 224,966.28 Short cut
Huobi Korea NEXO/ETH 119.20 3,213.02 Short cut
Allbit NEXO/ETH 91.70 0.00 Short cut
Bancor Network NEXO/BNT 60.55 0.00 Short cut
MERCATOX NEXO/ETH 99.81 0.00 Short cut
Bitbns NEXO/INR 169.63 0.00 Short cut
Trade.io NEXO/ETH 114.95 0.00 Short cut
DDEX To be provided later To be provided later To be provided later Short cut
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Information
Platform ERC20
Accepting
Hard cap -
Audit -
Stage -
Location -
Market of major crypto coins *2020년 04월 09일 last update

Bitcoin

BTC

8,832,989.84 KRW 0.40%

Ethereum

ETH

205,333.21 KRW 0.61%

Ripple

XRP

241.52 KRW 0.21%

Tether

USDT

1,214.21 KRW 0.20%

Bitcoin Cash

BCH

320,543.20 KRW 2.81%

Bitcoin SV

BSV

255,406.70 KRW 11.39%

Litecoin

LTC

54,759.09 KRW 0.54%

EOS

EOS

3,280.45 KRW 0.61%

Binance Coin

BNB

18,269.39 KRW 1.06%

Tezos

XTZ

2,451.24 KRW 0.12%

Stellar

XLM

60.12 KRW 0.95%

Monero

XMR

69,385.58 KRW 1.08%

Cardano

ADA

43.89 KRW 0.94%

TRON

TRX

16.52 KRW 0.94%

Huobi Token

HT

4,728.67 KRW 2.05%

Crypto.com Chain

CRO

64.63 KRW 0.81%

Dash

DASH

90,199.96 KRW 0.65%

USD Coin

USDC

1,212.00 KRW 0.26%

Ethereum Classic

ETC

6,975.42 KRW 2.09%

NEO

NEO

9,606.18 KRW 0.41%