The Nexo token is one of the cryptocurrencies we have reviewed before as a prosperous one and one offering instant loans frozen in digital currency. The latest Nexo coin news show that the coin has gained 4% overnight and is now trading at $0.18 at the 60th position.
Even though the Nexo token does not have a massive market cap, it is definitely one of the cryptocurrencies to watch out for. As you probably know, the main objective of the development of this project is to single out the provision of banking services on a decentralized basis of the blockchain.
In addition to the functioning of internal cryptocurrency and fast transactions between users, the possibility of lending as the Nexo token is very much highlighted. What’s also important is that the Nexo token is the world’s first SEC-compliant and dividend-bearing token with asset support and a high level of security and other protection functions for unskilled investors under the United States laws and other countries.
Additionally, the Nexo ERC-20 standard is based on the Ethereum blockchain. The key features of the token, as the Nexo coin news show, are:
- Discounts – provided to token holders who repay interest on loans with Nexo tokens
- Increase in overdraft limits – tokens can be used in overdraft wallets in order to receive financing based on the cost of tokens (instantly)
The Nexo token project was founded in 2017 and since then, the team behind it has been demonstrating an unconditional commitment to deadlines. Speaking of, there are two main figures in the team which are known in the blockchain news too – one of them is Michael Arrington who is the founder of TechCrunch and the other is Trevor Koverko, the founder and CEO of the financial instruments company Polymath.
Aside from these two geniuses as part of the team, the project is also supported by Credissimo which is a fintech lending support platform based in Europe that has served millions of customers over the past decade. All of this shows that the Nexo coin news in the future are going to be much more exciting and that with a price of $0.18, NEXO has the current potential to visit new highs at $0.20 soon.
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