What is Nexo?
Nexo is a regulated digital assets institution offering crypto lending, borrowing, trading, and card services. Founded in 2018, it has processed over $80 billion in transactions for millions of users worldwide.
The platform allows users to earn interest on crypto deposits and borrow against their holdings without selling. Nexo's credit card enables spending crypto at over 90 million merchants globally.
NEXO is the utility token providing benefits including higher interest rates, reduced borrowing costs, cashback rewards, and governance rights. Token holders' benefits increase with their loyalty tier.
NEXO Tokenomics
NEXO has a maximum supply of 1 billion tokens. The company distributes 30% of profits as dividends to NEXO token holders and has an ongoing $50M+ buyback program to support token value.
NEXO Historical Price Performance
NEXO reached $4.06 in May 2021 as CeFi lending platforms boomed. Unlike competitors like Celsius and BlockFi that collapsed in 2022, Nexo survived the bear market and maintained operations, strengthening its position.
Frequently Asked Questions
Unlike Celsius which went bankrupt in 2022, Nexo maintained solvency throughout the crypto crisis. Nexo is regulated in multiple jurisdictions and has passed multiple real-time audits by Armanino.
Nexo distributes 30% of its profits to NEXO token holders as dividends. The amount varies based on company profitability and the holder's loyalty tier.
The Nexo Card allows users to spend against their crypto holdings without selling. It works at 90M+ merchants worldwide and offers up to 2% cashback in NEXO tokens.
Yes, Nexo operates under regulatory frameworks in multiple jurisdictions. It has obtained licenses in the EU, US (select states), and other regions, making it one of the more regulated CeFi platforms.
How is Nexo different from Celsius?
Unlike Celsius which went bankrupt in 2022, Nexo maintained solvency throughout the crypto crisis. Nexo is regulated in multiple jurisdictions and has passed multiple real-time audits by Armanino.
What dividends do NEXO holders get?
Nexo distributes 30% of its profits to NEXO token holders as dividends. The amount varies based on company profitability and the holder's loyalty tier.
What is the Nexo Card?
The Nexo Card allows users to spend against their crypto holdings without selling. It works at 90M+ merchants worldwide and offers up to 2% cashback in NEXO tokens.
Is Nexo regulated?
Yes, Nexo operates under regulatory frameworks in multiple jurisdictions. It has obtained licenses in the EU, US (select states), and other regions, making it one of the more regulated CeFi platforms.
Risk Warning
Cryptocurrency prices are highly volatile and can change rapidly. The information on this site is provided for informational purposes only and does not constitute financial, investment, or trading advice.