#Nexo token verification
It is similarly safe when it comes to verification matters and data protection. Nexo protects funds by working with BitGo that is, the company in which he invested himself Goldman Sachs (one of the largest investment banks in the world), and which also chose such an industry as BitStamp, Creak, Upbit, CMEgroup or Pantera Capital. SecurityĮach user of the Nexo platform can feel safe that their funds will not die, as 24/7 monitoring is carried out to prevent fraud. And all this in just 15 minutes! After paying off our obligations - we can automatically transfer our previously deposited cryptocurrency back to our portfolio. Taking into account the interest rate of 8% over the year - if we take a loan equivalent to $ 10000, the cost of our loan per month will be 0.66% or $ 66 (if the loan agreement is valid for the entire 365 days, because we can pay it back every month). They are calculated automatically every day, so if you want to pay off the loan right away - you will only pay as much interest as the contract was valid for. The interest on the loan taken is 8% or 16% on an annual basis depending on the chosen form of security and repayment. in the future (until the end of 2018) as a transfer to the Nexo credit card on the stock exchange Binance in the form of USDT (Tether) or coming soon USDC (USD Coin) - a new "stable-coin" from GoldmanSachs, available eg on Coinbase, Poloniex or Kucoin transfer to a cryptocurrency wallet that you have, e.g. transfer to a bank account in one of the 200 currently available jurisdictions, in one of 40 currently supports fiat currencies Depending on your choice - you get an immediate loan with the choice of: (in short, when you want to borrow the equivalent in dollars - 100 ETH - you must submit 200 ETH on the platform)Ĥ. What distinguishes the Nexo project?īitcoin - 50%, Ethereum - 50%, Ripple - 40%, BinanceCoin - 30%, Nexo -30% All this created the basis for entering a new market of developing technologies blockchain.
![nexo token nexo token](https://cdn.publish0x.com/prod/fs/images/8a81274783054b09c70b6d8e49957243a5c3c2fab23366d91f68fb42cdbe0897.png)
2 awards in the competition Forbes Business Awards - for "Innovations in the Financial Sector" and for "Quality of Services". Prestigious awards and distinctions in 2017, e.g. He has over 1000000 submitted loan applications, 80000 approved loans in 2017 alone. Over 10 years of experience in the FinTech industry and approximately 130 employees. The company has been operating since 2007, has been inspected by one of the four largest global financial audit companies - Deloitteand systematic supervision by European banks and financial regulators. The Nexo platform was created in February 2018 as a separate project of a European corporation Credissimo - dealing with new technologies in the field of finance, and specifically the implementation of loans. Nexo - this is created on the basis of blockchain Ethereum a platform for granting instant loans secured by crypto-currency deposits of the borrower, thanks to this we do not have to sell crypto-currencies owned when we need capital.