Find out how to get 12 pct on your stablecoins with Nexo

Find out how to get 12 pct on your stablecoins with Nexo

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Chris
Chris

An editor at Coincrop


11 Jan 2022 | 6 min read
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exo describes itself as the world’s most advanced, regulated digital assets institution offering instant crypto loans, daily earning on assets, exchange and the only blockchain company to provide its services in 40+ fiat currencies and in more than 200 jurisdictions.

In this guide:

Disclaimer: All of the information written on Coin Crop is without influence and based on our analysis. No guarantee is offered concerning the accuracy of this information and therefore, any individual following up on it does as such completely at their own risk. Rates are correct at time of publication.

What is Nexo?

Nexo is a crypto currency platform offering interest on assets, asset exchange, a utility token, loans and support for 40+ fiat currencies and in more than 200 jurisdictions.

Who is behind Nexo?

The company was founded by Antoni Trenchev, Georgi Shulev and Kosta Kantchev.  The key team are as follows:

    • Antoni Trenchev – Co-founder, Managing Partner

    • Georgi Shulev – Co-founder, Managing Partner

    • Kosta Kantchev – Co-founder, Managing Partner

    • Vasil Petrov – Chief technology officer

What is the history of Nexo?

    • The company was founded in the 2018.

    • Over $4 billions in assets are managed.

    • Nexo manages assets for 3M+ users across 200 jurisdictions.

What is the Nexo token?

Nexo has issued a utility token that offers the following benefits:

    • Discounted interest on loans

    • Bonus yields of up to 2% APY on crypto, fiat and stablecoins

    • Get up to 5 free crypto withdrawals (dependent on the number of NEXO tokens in your portfolio).

The NEXO token has a fixed supply of 1 billion tokens.  The supply has been allocated as follows:

    • 250 million NEXO (25%) for corporate overdraft reserves (subject to a vesting period of 12-months).

    • 60 million NEXO (6%) for community activities (subject to an 18-month quarterly vesting)

    • 112.5 million NEXO (11.25) for team and founders (subject to a 48 month quarterly vesting).      

    • 525 million NEXO (52.5%) available for purchase by investors.

    • 52.5 million NEXO (5.25%) for legal costs, advisors and marketing (subject to 12-month vesting period).

The token operates on the Ethereum blockchain.

How much can I earn?

AssetTermsAPY Rate

Avalanche (AVAX)

Flexible

15.0%

Polygon (MATIC)

Flexible

14.0%

Polkadot (DOT)

Flexible

13.0%

Ninja Doge ()

Flexible

10.0%

Tether (USDT)

Flexible

10.0%

USD Coin (USDC)

Flexible

10.0%

USDP Stablecoin (USDP)

Flexible

10.0%

TrueUSD (TUSD)

Flexible

10.0%

Dai (DAI)

Flexible

10.0%

USDX (USDX)

Flexible

10.0%

eToro Euro (EURX)

Flexible

10.0%

eToro Pound Sterling (GBPX)

Flexible

10.0%

Bitcoin (BTC)

Flexible

6.00%

Ethereum (ETH)

Flexible

6.00%

Solana (SOL)

Flexible

6.00%

Cardano (ADA)

Flexible

6.00%

XRP (XRP)

Flexible

6.00%

Bitcoin Cash (BCH)

Flexible

6.00%

Litecoin (LTC)

Flexible

6.00%

Binance Coin (BNB)

Flexible

6.00%

EOS (EOS)

Flexible

6.00%

Stellar (XLM)

Flexible

6.00%

Chainlink (LINK)

Flexible

6.00%

Tron (TRX)

Flexible

6.00%

PAX Gold (PAXG)

Flexible

6.00%

Terra (LUNA)

Flexible

6.00%

Dogecoin (DOGE)

Flexible

1.00%

If depositors choose to receive their interest in the NEXO token, they will be rewarded with a further 2% of interest.

Are my assets safe with Nexo?

Cryptocurrency investments come with a variety of risks and it is always important to do your own research prior to selecting any such opportunities.  Unlike DeFi organisations are typically anonymous, Nexo is a centralised company with identifiable management.

Deposits made to Nexo are not FDIC or SIPC insured.

To its credit, the company is particular open with frequent social media engagement.

The company has the following accreditations:

    • ISO/IEC 27001:2013 certified

Does Nexo offer any other services?

The company offers a debit card with up to 2% cashback on purchases.

How do I contact Nexo ?

The only means of contacting Nexo is by using the web site.  Support tickets can be submitted online with responses provided 24/7.

How do I get started?

Visit Nexo to open an account.


Chris

Chris

An editor at Coincrop
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