NEXO

What is NEXO?

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.

NEXO goals

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 fondamentals

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 technology

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 competitors

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 price history

Frequently asked questions