Nexo - The World’s First Instant Crypto Overdrafts.
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 Cryptobacked 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 has always operated under the highest regulatory requirements and strictest supervision by multiple European Banking and Financial Services Regulators.
Now the same Team and its Board of Advisors, empowered by the evergrowing community of Nexo supporters and enormous demand for the Instant Crypto-backed Loans, are unlocking the value of digital asset in a rapidly expanding token economy that will alter the very fabric of a $5 trillion dollar market.
Clients can repay their loans using fiat currencies: USD, EUR and JPY.
Repayment in NEXO Tokens
Loan repayments using NEXO tokens will result in a discount on the interest.
Should the client consider that his crypto asset has met his price target; he can place an order with the Nexo Oracle to sell a fraction of the crypto assets stored in his wallet to repay his outstanding balance in part or completely.
No Minimum Monthly Payment
No minimum loan repayment is required if the outstanding loan balance is within the available loan limit.
Shortly after the main token event has ended
|Round||Token Price||Bonus||Min / Max Purchase||Soft Cap||Hard Cap|
06 Mar 00:00 UTC
16 Mar 00:00 UTC
|0.1 USD||15%||-||20,000,000 USD||52,500,000 USD|