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NEXO Review 2019: Still Worth it? Beginners Guide

► Our lengthy kind assessment right here:
► Purchase NEXO on Huobi:
► Howey Take a look at for Securities:
► SEC Securities:


⛓️ 🔗 Useful Hyperlinks 🔗 ⛓️

► Web site:
► Whitepaper:
► Token Phrases:


📱️ Socials 📱

► Weblog:
► Twitter:
► Telegram:


📝 Overview 📝

Nexo is a cryptocurrency that can present lending companies with Crypto supplied because the collateral.

You may get fiat funds despatched to your account purely by means of using your crypto.

Behind the Nexo know-how is their very own distinctive oracle. This can decide the LTV that has be utilized to a selected shopper.

This Oracle will even monitor and regulate the entire features on the platform together with their analytics, mortgage distribution and so forth.

The Oracle will even situation margin calls or notifications to the debtors if the collateral that they’ve staked isn’t in a position to meet the quantity required.

Powering the Nexo protocol is their ERC20 customary NEXO. This was issued as a safety token and therefore is attempting to be utterly in keeping with rules on the SEC.

There are explicit advantages from holding the NEXO tokens together with common dividend funds. Additionally, you will get the advantage of diminished curiosity funds when holding these tokens.

NEXO token holders will even have larger credit score limits when utilizing the token.

There’s a actually massive staff behind the Nexo protocol. The overwhelming majority of the 14 member core staff come from a big shopper FinTech firm known as Credissimo.

Nexo held an STO again in April of 2018 and had been in a position to elevate a complete of 52m {dollars} for 525m NEXO tokens.

NEXO is presently listed on a couple of exchanges together with Huobi world, HitBTC and HotBit. There are fairly cheap turnover ranges on these alternate books.

On the subject of storage then you should use any ERC20 appropriate pockets though you might be in all probability finest suited to get a {hardware} pockets.


📜 Disclaimer 📜

The knowledge contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who isn’t a licensed monetary advisor or registered funding advisor. Buying and selling Foreign exchange, cryptocurrencies and CFDs poses appreciable threat of loss. The speaker doesn’t assure any explicit end result.

#Crypto #Nexo #cryptoloans #blockchain #Evaluation #Bitcoin #Lending #BTC #buying and selling #scaling #cryptocurrency

Source: Coin Bureau

26 Responses

  1. Nexo does not insure your money! If they go bankrupt or your account gets hacked you will lose your Money! They lie on their website about their insurance. They have no location in switzerland of Germany. They are probaply based in Bulgaria. Be careful!!

  2. Does anyone actually used this service???
    I am currently investing in shares but if they will pay me 8% if I deposit with them £££ I will just sell all my shares and put them here💷💷💷🧐but sounds too nice to be true 💷

  3. SCAM! SCAM!! SCAM!!! If there is a way or method to put this people behind the bar I would be very happy. I got cheated and humiliated, I couldn't withdraw a dime..all my money is gone! Has anyone filed a case against them? I have already done that..join the lawsuit via( claudiafranziska14 @ g mail.com )if you don't wanna loose your funds.

  4. Hi, I'm from the future. First of all, thank you very much for your videos, they're great and you really put a lot of effort in them.
    As I'm new to this world I want to get the best info out there, and I wanted to ask you what do you still think of Nexo? I looked at the other DeFi platforms and their interests rate (at least in DAI) dropped drastically while nexo keeps it at up to 8%. It doesn't even charge gas? That's sth that rings a bell over here. Or maybe I'm just over suspicious

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