Nexo is the World’s First Instant Crypto Overdrafts. NEXO Token is the World’s First US SEC-compliant Dividend-paying Asset-backed Security Token. NEXO Dividend Tokens provide passive income in the form of 30% in dividends from the company’s profits, distributed monthly to NEXO Token Holders. Holders also get discounted interest rates on the Nexo Instant Crypto-backed Loans and are also accepted as collateral on the Nexo Platform. NEXO tokens can also be used to increase overdraft limit.
Nexo is a great project in our opinion as this is the first US SEC-compliant Dividend-paying Asset-backed Security Token, providing 30% dividends to the holders. Nexo will also become a major player in the crypto lending industry in the years to come. Nexo has advised that they have already got proposals for a loan value of around 500M USD which adds a lot more value to the project. But NEXO has to compete with projects like SALT, LEND to get up in the ladder. They have gained a lot of mainstream crptocurrency news coverages, and already made several influential partners. NEXO is doing the basics rite and getting themselves ready legally and technically for the revolution, so we except that when crypto goes mainstream, NEXO will play a key role in crypto backed loans for start-ups/companies
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