NEXO Introduces 50% Discount On Crypto Credit Lines Starting Tomorrow

NEXO introduces a 50% interest discount on the instant crypto credit lines starting tomorrow, February 10^th, and with the upgrade, the company said all of the holders will see gains as the Nexo token will experience a ‘’notable boost in its utility features’’ so let’s read more in the nexo news today.

According to the company announced a few days ago, the customer wallets will have to have enough tokens in order to get the 50% discount in order to cover the interest for the entire period from the moment of withdrawing funds from the credit line to their desired moment of repayment.

The customers that already staked their own NEXO tokens for only a portion of the length of their loan, will collect on the discount that corresponds with the days that are calculated in the loan. The customers that will like to see more benefits from the new Discount can also now use Stellar, USD, EOS, NEXO, AUD and Bitcoin but also Litecoin, XRP, EUR, and Bitcoin cash. There will be more altcoins coming soon for making repayments using all of the assets accessible for the users on the platform.

NEXO introduces this discount in order to help the customers and owners benefit more from the token. Apart from that, it will allow the holders to collect much bigger dividends. The company says that it had already allocated more in profits than all others in the blockchain ecosystem. The dividend yield NEXO says that it has already reached an impressive 12 percent that surpasses the highest dividend-paying stocks in the S&P500. Also, ‘’this will balance market volatility and will result in a higher, more stable demand for NEXO tokens.’’

The company says that they will also upgrade the platform more so that the long-term investors confidence will be increased by attracting customers to stake their NEXO tokens over a longer period which will also lower the market supply. The 65^th largest cryptocurrency has about 560,000,011 NEXO tokens in circulating supply and at the time of writing, the NEXO/USD pair was trading at $0.139897 with 24 hours gains of 3.56%. If the NEXO supply gets reduced while the demand stays the same or slightly increases, the price will increase as well.