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Nexo is now listed on Cryptology!

November 29, 2023
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 Buy, sell and trade NEXO

📈 Spot trading of NEXO/USDT

What is Nexo?

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Nexo is one of the most prominent names in crypto lending. 

“We are committed to solving inefficiencies in the lending markets by creating innovative, convenient and sustainable solutions.”

When you choose Nexo, you select a bundle of financial tools that will harness your assets and their value. So far, with Nexo, you can:

  • Earn interest
  • Borrow funds
  • Enjoy the Nexo card
  • Borrow up to 3x more with the Nexo Booster

There are options to buy and exchange crypto, earn interest, and borrow/lend through your bank card straight onto the Nexo platform. Interest earnt is then paid out daily allowing you to easily track your earnings.

Nexo is a popular choice for corporate investors, offering various services for large organizations. Institutions have peace of mind with Nexo thanks to their risk management and strict collateralization requirements that ensure your crypto remains stable. 

In 2018, a crypto credit card was created by MasterCard and Nexo, bringing increased utility for crypto held by their users.

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The NEXO token

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The native token of Nexo is the NEXO token.

It is an ERC-20 token built on the Ethereum blockchain.

The loyalty program uses NEXO to give users increased interest rates and lower 

borrowing rates. Users can also trade the token on the open markets.

Once you have NEXO in your portfolio, you are placed in one of four rankings. The higher the ranking, the more rewards and deductions you are entitled to:

  1. Base
  2. Silver
  3. Gold
  4. Platinum 

The more NEXO held, the higher the interest rate, which can go up to 50% extra. And borrowing rates can go to 0% if your portfolio balance is 10% NEXO.

NEXO’s tokenomics are as follows:

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  • 52.5% - investors.
  • 25% is held in reserve to cover overdrafts.
  • 11.25% - founders and the team.
  • 6% - rewards.
  • 5.25% - consultants, lawyers, and marketers.

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NEXO’s market stats:

  • Current market cap: $415,910,672
  • Circulating supply: 560,000,011 NEXO
  • Max supply: 1,000,000,000 NEXO
  • Twitter: 284, 781 followers 

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Risk Warning

Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. Cryptology will make its best efforts to choose high-quality tokens, but will not be responsible for your investment losses. As a digital asset trading platform that respects the community, Cryptology adheres to the principle of truthful, transparent and fair trading, with no malicious intent. We are committed to providing users with a service that is safer, more efficient, and more reliable for the trading of digital assets.

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Risk Disclosure Statement

The information provided in this article is for educational and informational purposes only and should not be construed as financial, tax, or legal advice or recommendation. Dealing with virtual currencies involves significant risks, including the potential loss of your investment. We strongly recommend you obtain independent professional advice before making any financial decisions. The products and services offered by Cryptology may not be suitable for all users and may not be available in certain countries or jurisdictions. The promotional materials do not guarantee any specific outcomes or profits from virtual trading. Past performance is not indicative of future results. It is important to read and understand the risks, which are explained in our Risk Disclosure Statement

Katya V.

Katya is one of Cryptology’s skilled content managers and a writer with a diverse background in content creation, editing, and digital marketing. With experience in several different industries, mostly blockchain and others like deep tech, they have refined their ability to craft compelling narratives and develop SEO strategies.