NEXO is the native token of the Nexo cryptocurrency exchange and lending platform, compatible with both ERC-20 and BEP-2. Users holding NEXO in their accounts on the Nexo platform get many incentives, including higher yields on their digital assets, free crypto rewards on card purchases, and borrowing rate discounts on crypto-backed credit lines.
The purpose of NEXO is to provide users with various incentives, such as higher yields on digital assets, free crypto rewards on card purchases, and borrowing rate discounts on crypto. Nexo is a versatile platform that allows users to earn interest on their crypto holdings, lend their crypto, and utilize features like a crypto rewards card.
NEXO has a hard cap of 1 billion NEXO tokens. As part of the tokenomics overhaul of NEXO, the company has been repurchasing its native token from the open market. This so-called Buyback program is aimed at boosting the token’s liquidity, thus reducing price volatility.
Marketcap
$1.336B
Total number of NEXO
1000000000 NEXO
Nexo's technology allows for the creation of a crypto-backed card, which enables users to spend the value of their crypto without actually selling it. The card works by automatically borrowing fiat on everyday purchases while using crypto as security for repayment.
Nexo differentiates itself from competitors by offering a comprehensive product suite, including on-ramps for 40+ cryptocurrencies, Earn interest rates on digital assets, a crypto exchange, crypto credit lines, and the world's first crypto-backed card. Nexo has over 7 million users in 200+ jurisdictions, providing services in a wide range of areas.
Nexo is a cryptocurrency platform that allows customers to earn interest on crypto deposits and also take out loans.
The NEXO Token is the native token of the Nexo cryptocurrency exchange and lending platform, compatible with both ERC-20 and BEP-2.
Holding NEXO tokens on the Nexo platform offers users various incentives, such as higher yields on digital assets, free crypto rewards on card purchases, and borrowing rate discounts on crypto.
The Nexo Card is a crypto-backed card that allows users to spend the value of their crypto without actually selling it.
The Nexo Exchange is a cryptocurrency exchange that hosts popular coins like BTC and ETH, Layer 1 tokens like BNB, AVAX, and NFT and metaverse tokens like APE and MANA.
Nexo allows clients to open an Instant Crypto Credit Line and borrow cash or stablecoins by utilizing their cryptocurrency holdings as collateral.
Nexo's Loyalty Program is a tier-based system that depends on what percentage of an individual portfolio is held in NEXO Tokens. The tiers offer various benefits, such as higher interest rates, lower borrowing rates, and free withdrawals.
Nexo seeks to operate on a sustainable business model with a focus on security and global licensing. The platform also offers several confidence-inspiring safety features, such as two-factor authentication and real-time reserves attestation.
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