A Crypto lender Nexo 12.73% dividend to investors has made waves in the crypto community. They announced that they have completed payment of the $ 2.4 Million in dividends to its investors on August 15th.
Nexo.io is a crypto lender that offers loans to blockchain based and other companies for short term funds. In a press release recently, they claimed that they had earned more than $2.4 Million in dividends. These were distributed among their investors.
Nexo users can confirm the dividends by logging into their wallets.
What is Nexo.io?
Nexo is an instant cash lender. The collateral is your cryptocurrency. You put your crypto in the network and get instant cash in the fiat of your choice. Once you pay back the loan, you get your crypto back. You retain ownership and you get a line of credit with no hassles.
Nexo delivers the World’s First Instant Crypto-backed Loans, thus resolving a crucial inefficiency for the crypto world Up to this very moment, no alternatives existed for digital asset owners to enjoy their crypto wealth except selling them The innovative model of Nexo brings to the crypto community the best of both worlds – retaining 100% ownership of their digital assets while having immediate access to cash The Instant Crypto-backed Loans are an automatic, flexible and cost-efficient way of obtaining liquidity that is secured by the value of the client’s digital assets The whole process is completed in just a few simple clicks No hidden fees, no capital gains taxes, no credit checks Transparency is guaranteed through the use of blockchain technology, smart contracts and algorithmic processes executed by the Nexo Oracle.
Nexo is powered by Credissimo, a leading FinTech Group serving millions of people across Europe for over 10 years Credissimo operates under the regulatory requirements and supervision by multiple European Banking and Financial Services Regulators
How it works?
Instead of simply holding idle digital assets, investors, miners and entrepreneurs have the opportunity to set up an instant crypto loan with Nexo, combining the best of both worlds — hodl-ing their crypto assets and having access to instant cash. By transferring crypto assets to their Nexo аccounts, Nexo’s clients are able to instantly access cash that is denominated in fiat currencies such as USD, EUR, and JPY. The Crypto-backed Loan is secured by the market value of the digital asset placed in the аccount.
Why Is Nexo Issuing Tokens?
Instead of attracting capital from legacy financing sources that are only now beginning to appreciate the potential of blockchain technologies, Nexo is opting for another solution. The company aims to increase the awareness and gather generic support from the crypto community by letting its members participate directly and transparently in the Token Sale. A well-executed Token Sale provides essential funding that allows Nexo to extend instant loans and meet the overwhelming demand from the blockchain community.
Furthermore the NEXO tokens are going to be used in multiple Airdrop campaigns that will attract and retain loyal customers and supporters and represent a great incentive for them to explore the possibilities of the Nexo platform at discounted rates.
Crypto lender Nexo 12.73% dividend investors who hold tokens is a sign of their success. That kind of dividend makes it an ideal blockchain to invest in!