Nexo NEXO
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Details
ByBit 
Gate 
Score Sentiment Neutral
Fundraising Statistics
$1.17 -0.51%
$0.1
Arrington XRP Tier 2 NEXONexo
USDCUSD Coin
Short Review Nexo
Crypto project Nexo (NEXO) is classified as a Banking. Nexo is a Utility token that is hosted on the Ethereum Network. The current total supply is 1.00 B NEXO (Circulating Supply + Tokens yet to be released - Burned Tokens). A total of 525.00 M NEXO (70.00% of total tokens) have been allocated for the public sale. The level of social activity of the Nexo project is assessed as Medium.
Nexo ICO Overview
Estimated date for the public token sale: 31 March 2018. Nexo (NEXO) price during the token sale: 0.1 USD. You can purchase project tokens for BTC ETH
Residents of the following countries will not be able to participate in the public sale of tokens: China
NEXO Price Chart
The launch of NEXO token trading took place on 1 May 2018.
Fundraising Rounds
Total sold 525.00 M NEXO tokens (0.70% of total tokens). Total amount of funds raised by the Nexo project is $52.50 M.
| Investment Round | Date | Price | Funds Raised |
| Main Sale | March 5, 2018 | $0.10 | $52.50 M |
Nexo Investors
Arrington XRP Tier 2Detailed review of Nexo (NEXO)
Nexo is built on the blockchain, which gives people the opportunity to quickly get a loan. To receive a loan, you must deposit any of the supported assets such as BTC, ETH or XRP as security for the loan in fiat currencies or stablecoins. Nexo allows users to buy digital assets, grow passive income, exchange crypto, borrow fiat, and try a crypto-backed card.
NEXO is a project token that gives users some benefits while they are locked into Nexo. Owners also benefit from Nexo earnings.
Project Nexo (NEXO)
The concept was originally announced in 2017 and launched a little later in 2018.
According to LinkedIn, today the Nexo team has 470+ employees with its head office in London. His team has thirty years of experience in the financial sector, such as banking, hedge funds, etc. The co-founders of the project are Antoni Trenchev and Kosta Kanchev.
Nexo aims to correct the inefficiencies in the borrowing industry by creating a unique and useful platform. Nexo understands the huge potential of blockchain and cryptocurrency, which is why they decided to create a cryptocurrency lending platform.
Benefits of Nexo (NEXO)
- Custom solution. Nexo is the first provider of fast loans backed by cryptocurrency. It is aimed at solving existing lending issues. The lending system is based on smart contracts and uses an oracle built on the Ethereum blockchain to manage loans.
- Experienced team. According to the official website, the Nexo team includes financial giants with a total of thirty years of experience in various fields such as banking, hedge funds, etc.
Disadvantages of Nexo (NEXO)
