Nexo is a leading global digital financial institution offering an umbrella of FinTech services. In this article, as Kriptokoin.com, “What is Nexo?” We will answer the question. In addition, we will touch on other questions about the project.
What is Nexo? What does it do?
Operating since 2018, Nexo Finance is a leading global digital financial institution offering an umbrella of FinTech services. Trying to bring together professional financial services and digital crypto assets, Nexo Finance uses blockchain technology to offer innovative solutions to improve the traditional finance industry and its disadvantages and limits. Using the native NEXO token, users of the Nexo Finance platform receive special discounts on borrowing rates. In addition, NEXO token holders can earn bonus returns from their funds in Nexo Wallets. Nexo Finance has been widely adopted and supported by its millions of users. As a global digital credit institution, Nexo Finance has user operations in 200 regions with more than 40 different fiat currencies.
What is NEXO coin?
NEXO coin is Nexo’s native token. The token uses the Ethereum ERC-20 token standard and is completely transparent on the Ethereum blockchain. Transparency is one of Nexo Finance’s core values. Therefore, users can view the token contract address, transactions and activities using the Ethereum block explorer Etherscan. Holding the NEXO token unlocks various special deals on the Nexo Finance platform. The NEXO token plays a crucial role in the Nexo Finance Loyalty Program. The Loyalty Program rewards NEXO token holders, which varies based on the percentage of NEXO tokens in a person’s entire portfolio balance in their Nexo Wallet. In contrast, the Loyalty Program is divided into four tiers (Base, Silver, Gold and Platinum).
How does Nexo work?
Loans with Nexo are received via bank transfers with SWIFT, SEPA or ACH on the same day or the next day. The receiving account can be a personal or business account. Instant crypto loans work with the option to use a free Nexo card. However, the credit limit is calculated based on the value of crypto assets held in a client’s Nexo account. It becomes available for additional credit immediately after the assets gain value.
How to buy NEXO coin?
Nexo is currently traded on numerous cryptocurrency exchanges. People who want to invest in the project should open an account in one of the exchanges where the project is traded. The exchanges where Nexo is traded are listed as follows: Binance, Bybit, Bitget, FTX. Users who want to invest in the project should open an account on one of these exchanges.
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