What Is NEXO Coin And How To Buy NEXO Coin?

What Is NEXO Coin£¿

NEXO is a platform designed to provide instant crypto lending services to users. NEXO Coin is a circulating token used for digital currency mortgage lending projects, and it is also the first asset-backed security with utility functions that complies with the requirements of the United States Securities and Exchange Commission (SEC). NEXO coin is backed by a portfolio of overdraft assets, users can earn dividends from NEXO coin profits, and can also use NEXO coin to overdraft repayments with interest discounts, and can use NEXO coin in the overdraft wallet to increase the overdraft limit. NEXO coin is issued On May 1, 2018 and was issued at a price of $0.1.

What Is NEXO Platform?

Nexo is a fintech application designed to provide users with instant crypto loans. The platform is powered by Credissimo, a leading fintech group that has been serving millions of customers in Europe for the past decade. The technical solution of the Nexo crypto lending platform is called Nexo Oracle. Nexo Oracle is a standalone system that enables real-time asset monitoring, loan setup, repayment analysis, automatic notifications, data analysis and wallet maintenance. To use cryptocurrency loans on Nexo, you first need to transfer the crypto assets to the Nexo wallet. Once the wallet receives crypto assets, the Nexo Oracle automatically calculates the customer's loan limit based on the market value of the cryptocurrency held in the user's wallet. The loan is then immediately available to the user via bank transfer or a free Nexo credit card. Nexo does not require credit checks, and the loan amount is fully guaranteed by the crypto assets held in the user's Nexo wallet. When repaying the loan, the user can repay in fiat currency via bank transfer (currently supports USD, EUR and JPY), repay the loan with NEXO coin (with interest rate discount available), and repay by selling some of the crypto assets in the Nexo wallet.

Practical Functions Of NEXO Coin

lLower interest rates for customers who use NEXO coin to repay their loans.

lNEXO coin can be deposited in Nexo Wallet for instant financing based on their value and interest rate discounts.

NEXO Coin Team

NEXO coin was founded by a team of financial professionals and crypto enthusiasts who turned to blockchain to create a cryptocurrency comparable to services matured in traditional finance, but so far absent in digital finance - staking while retaining ownership the value of your assets. In 2018, the team launched the Nexo platform, offering the world's first crypto line of credit, allowing digital asset holders to obtain fiat and stablecoin loans against their cryptocurrencies, thus establishing the foundation of the crypto lending niche. The team behind Nexo coin has over 30 years of combined experience in financial services, including non-crypto lending, investment banking, M&A and hedge funds, with co-founder and managing partner Antoni Trenchev also contributing to financial law and expertise in KYC and AML solutions middle.

How To Buy NEXO Coin?

The reliable exchanges that trade NEXO coin in the market are: Binance, Bitfinex, Coinbase and FTX, etc.