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What is NEXO all about
Nexo is a platform that allows users to borrow fiat currency, which is collateralized with crypto. You can also have your digital assets work on Nexo and earn daily interest. Nexo wants to utilize the full potential of blockchain technology to build a new, digital financial system.
Nexo takes platform and asset security very seriously. It is partnered with leaders in the cryptocurrency security segment, such as BitGo and Ledger. Through these partnerships, Nexo maintains insurance protection of $375 million. To be transparent, Nexo works with Armanino LLP. The company provides real-time attestations of Nexo's custodial holdings.
The NEXO token is an ERC-20 token, which runs on the Ethereum network. It is an essential aspect of Nexo's infrastructure. It's an interest-bearing token, with additional benefits. Holders of the NEXO token can benefit from the platform's loyalty program. It is a four-layered system, with increasing rewards. The benefits of the program are as follows:
- Decreasing the interest rate of your loan
- Increasing the yield earned on your digital assets
- Increasing the number of free monthly crypto withdrawals
On top of that, loyalty program participants also gain the ability to take part in Nexo's governance. The platform also allows users to earn interest rates on their cryptos in NEXO. This option is incentivized by offering a slightly higher APY.
Nexo oracle is an essential technology in the Nexo environment. The oracle algorithmically determines Loan-to-Value ratios for borrowers. For the user, it primarily means that Nexo does not need to know your credit score or bank data. Nexo oracle also has several other functions:
- Wallet maintenance
- Data analysis and prediction modelling
- Monitoring assets in real-time
- Withdrawal, loan, and dividend distributions
- Repayment analytics
- Automated notifications for users
NEXO Profit Calculator
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NEXO Questions & Answers
How much is NEXO worth today?
Price of NEXO right now is at 0.94 Euro.
When did NEXO hit its highest price?
The price of NEXO reached its highest point on 2021-05-12, at 3.37 Euro.
What will NEXO be worth in one month time?
In accordance with our short term price prediction, we expect, that NEXO's price will be between €0.53 and €1.68 in one month time.
What price will NEXO reach in three months time?
In accordance with our prediction algorithm we expect that NEXO's cost will reach anywhere between €0.53 and €1.95 in 3 months time.
How much will NEXO cost in half a year?
Predicting the future with any degree of accuracy is difficult, but according to our price prediction we expect that NEXO's price is likely going to be between €0.26 and €2.28 in six months.
Do online users engage in NEXO discussions?
35010 people were participating in an online discussion on Reddit about NEXO in the last 2 days. NEXO's official Twitter handle is currently followed by 224392 people.
10 days NEXO price forecast
Long term NEXO price prediction