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About Nexo token (NEXO)

The Nexo token (NEXO) is the native ERC-20 utility token of the Nexo platform, a cryptocurrency lending and borrowing service. NEXO token holders can receive dividends from the platform's profits and get benefits such as lower interest rates on loans and higher yields on savings.

    Nexo token Frequently Asked Questions (FAQ)

      What financial products does Nexo offer for managing digital assets?

      Nexo offers a range of financial products for digital assets including instant crypto credit lines, a high-yield Earn on Crypto & Fiat suite, and a sophisticated exchange with access to various cryptocurrencies.

      How does the Nexo Loyalty Program work?

      The Nexo Loyalty Program rewards users based on the amount of NEXO tokens they have in their Nexo Wallet. It consists of several tiers: Base, Silver, Gold, and Platinum. Each tier provides increasing benefits such as better interest rates on savings, lower interest rates on loans, and free crypto withdrawals. To qualify for a tier, users must hold a certain percentage of their portfolio value in NEXO tokens.

      What are the benefits of holding NEXO tokens?

      Holding NEXO tokens can provide benefits such as earning dividends from the company's profits, receiving interest discounts on loans, enhancing interest rates on savings, and gaining access to preferential services within the Nexo platform, including lower borrowing rates and higher yields on savings. The specific benefits can vary and may be subject to change based on the platform's policies and the regulatory environment.

      Can NEXO tokens be acquired on decentralized exchanges, and if so, which ones?

      Yes, NEXO tokens can be acquired on decentralized exchanges. Available DEX platforms can vary over time, so it's recommended to check current listings on popular DEX aggregators or through NEXO's official communications for the latest information.

      What steps has Nexo taken to ensure the security and safety of client funds?

      Nexo has implemented a comprehensive security strategy to safeguard client funds, including military-grade encryption, secure storage in Class III bank-grade vaults, and multifactor authentication. They operate with strict access controls and 24/7/365 fraud monitoring systems. Additionally, Nexo has partnered with BitGo and Ledger Vault for insured custodial services, providing an insurance policy up to $375 million to cover digital assets against theft or loss.

      Who are the founders of Nexo, and when was the company established?

      Nexo was founded by Antoni Trenchev, Kalin Metodiev, and Kosta Kantchev in 2018.

      What features distinguish the Nexo Pro trading platform?

      Nexo Pro trading platform offers features such as a user-friendly interface, high liquidity by aggregating multiple exchanges, smart-routing system to provide the best prices and limit slippage, advanced trading tools for experienced traders, and seamless integration with Nexo's wallet for instant access to funds and services like borrowing and earning interest.

      How are interest payouts and yields managed on the Nexo Earn Interest product?

      Interest payouts on the Nexo Earn Interest product are credited daily directly into your Nexo account. The yields are generated through lending activities, with rates depending on the currency deposited and whether you choose to earn in kind or in NEXO tokens. Opting to earn in NEXO tokens can increase your interest rate, and maintaining a certain ratio of NEXO tokens in your portfolio may provide additional benefits like higher yields.

      What unique offering does the Nexo Card provide to crypto holders?

      The Nexo Card allows crypto holders to spend the value of their assets without selling them. It offers instant access to credit lines based on the cryptocurrency collateral in a user's Nexo account. The card features no minimum monthly repayments and no FX fees for up to certain limits, thus providing a flexible and convenient way to utilize cryptocurrency for everyday transactions.