In this article, we will anser what the NEXO token is and where you can buy, sell or exchange the token.
Also, we will analyze the profitability of holding the NEXO coin and deposit in to the NEXO account.
NEXO is a perfect choice if you are looking for Bitcoin passive income. In addition, NEXO is offering interest for altcoins, fiat currencies and stablecoins.
They are offering very competitive crypto interest account rates.
What is Nexo.io?
Nexo is one of the world’s largest and most trusted crypto lending institution in the digital finance industry.
Nexo launched 2018 and has since then brought professional banking services to the world of cryptocurrencies and digital assets.
Nexo consists of a great team with 13 years of experience in FinTech along with the power of blockchain technology.
Nexo has already processed more than $3 billion for 800,000+ clients in 200+ jurisdictions.
What is the Nexo Token?
According to Nexo, the NEXO Token is the world’s first compliant token with utility features, that will be offered to qualified investors in accordance with all applicable laws.
The NEXO Token is ERC20-compliant and embedded in the Ethereum blockchain as a smart contract.
What is the utility of the NEXO token?
Both a lender and a borrower on Nexo can benefit from the NEXO token.
- A lender can receive higher interest rates if he/she chose to receive payouts in the NEXO token
- In addition, you can receive even higher interest rates if you hold a certain amount of NEXO tokens (NEXO loyalty levels)
- A borrower receives better interest conditions if he/she holds a certain amount of NEXO tokens in the account
By doing the above, Nexo is creating a great demand of the Nexo token.
In the long term, this will be refelcted in the NEXO token price as you can see in the next section.
What is the Nexo Token Price?
The NEXO token price has experienced its up and downs. However, lately the is a long-term uptrend, as you can see in the graph below taken from Coinmarketcap.
Also, NEXO have start offering their interest payments in the NEXO token now which will give more buy power for the token and therefor the price would steadily increase for the long-term perspective.
What is the Nexo Token Dividend?
NEXO is giving a yearly dividend to NEXO token holders.
NEXO is distributing 30% of Nexo’s net profit is shared with NEXO Token Holders in the form of dividends.
There is a base dividend and a loyalty dividend.
- Base Dividend – paid out to token holders proportionally to their NEXO Token holdings
- Loyalty Dividend – paid out per NEXO Token based on how long it has been in the Nexo Wallet from one ex-dividend date to the next
when is the Nexo token payout date?
We started to invest with NEXO in September 2019 and we have only experienced one dividend payout since its distributed in August.
The third Nexo Dividend amounted to US $ 6,127,981.39 and was paid out to eligible NEXO Token Holders on August 15, 2020.
What are the NEXO token interest rates?
Nexo increased the interest rates for NEXO holders during 2020. IN addition, they made it possible to further increase the insterest rate if you chooose to receive your payouts in NEXO token instead for the underlying asset.
How to buy the Nexo token?
There are several ways to find exchanges and marketplaces for a cryptocurrency or a token.
We are always looking for the most liquid market since we know this market will have the best market price.
By browsing to Coinmarketcap and searching for NEXO you can find this information. Click on market pair and you will see all markets for the NEXO token as shown in the screenshot below.
What is the Nexo Card?
Nexo is about to launch their crypto credit card. From the pictures and logos its seems like it will be a Mastercard which is different from Crypto.com CRO Visa card.
Nexo have already started registering for early access and below you can see some of the features they promises.
We think this list can´t compete with Crypto.com Visa card and since we already hold that card we will not apply with the current status and information.
- Freeze and unfreeze your Nexo Card with a single tap
- Receive instant notifications about all transactions
- Create free virtual cards for safe online purchases
- Monitor all your transactions in real-time
- Get 2% cashback with all purchases
- View your PIN and change it at any ATM if needed