Introduction to NEXO Token
NEXO (Nexo) is a utility token designed for cryptocurrency-backed lending and borrowing, launched on May 1, 2018. With a fixed total supply of 1 billion NEXO tokens, it powers the Nexo platform—a pioneer in instant crypto-backed loans.
Key Features of NEXO
- Asset-Backed Security: NEXO is the world’s first SEC-compliant asset-backed security with utility, supported by an overdraft portfolio.
- Dividends & Discounts: Holders earn dividends from Nexo’s profits and enjoy interest-rate discounts on repayments.
- Global Credit Lines: Offers loans from $500 to $2 million across 200+ jurisdictions in 45 fiat currencies and stablecoins.
- Insured Custody: All assets stored on Nexo are 100% insured by top-tier custodians like BitGo and PrimeTrust.
Nexo Platform Overview
Founding Team & Background
Nexo was developed by Credissimo, a European fintech firm established in 2007. Credissimo’s founders leveraged their decade-long expertise in disrupting traditional lending markets to create Nexo. The project raised $52.5 million via an ICO in 2018, positioning itself as a leader in crypto-backed credit.
Strategic Partnerships
Nexo collaborates with industry heavyweights, including:
- BitGo and PrimeTrust for secure custody.
- Coinbase, TrueUSD, and Coinfirm for compliance and liquidity.
NEXO Tokenomics
| Metric | Details |
|---|---|
| Total Supply | 1,000,000,000 NEXO |
| Circulating Supply | 1,000,000,000 NEXO (100%流通率) |
| Market Cap | $1.22 billion (as of latest) |
| All-Time High | $4.07 |
| All-Time Low | $0.04 |
| Current Price | $1.22 (24h +0.25%) |
👉 Discover how NEXO loans work
Use Cases of NEXO Token
- Collateral for Loans: Increase borrowing limits by pledging NEXO.
- Interest Discounts: Pay lower rates when using NEXO for repayments.
- Dividend Earnings: Share profits from Nexo’s lending operations.
Where to Buy NEXO
NEXO is listed on 25+ exchanges, including:
- Binance
- OKX
- Coinbase
FAQ Section
1. Is NEXO a good investment?
NEXO’s value hinges on Nexo’s lending growth and dividend payouts. Its SEC compliance and insured custody add credibility.
2. How do I earn dividends with NEXO?
Hold NEXO in a supported wallet; dividends are distributed monthly from Nexo’s profits.
3. What’s Nexo’s competitive edge?
Nexo offers instant loans, lower rates for NEXO holders, and unmatched asset security.
Conclusion
NEXO combines decentralized finance with regulatory compliance, offering a unique blend of utility and profitability. Its robust ecosystem and insured custodianship make it a standout in crypto lending.
Official Resources: