Market Cap
$1,343,702,468.0
Fully Diluted Valuation
$1,340,000,000.0
24 Hour Trading Vol
$36,004,319.0
Circulating Supply
1,000,000,000.0
Total Supply
1,000,000,000.0
Max Supply
1,000,000,000.0
Nexo Price
$1.34
24h Range
$1.28 - $1.43
Percent Change 1h
0.63%
Percent Change 24h
4.3%
Percent Change 7d
-6.62%
All-time high
$4.07
All-time low
$0.045
1D
7D
1M
1Y
All
Nexo (NEXO) is a blockchain-based platform that provides a suite of financial services for cryptocurrency holders. Launched in 2018, Nexo allows users to earn interest on their crypto assets, borrow against their cryptocurrency holdings, and trade various digital assets. The Nexo token (NEXO) serves as the native utility token within the ecosystem, enabling users to access discounts, earn dividends, and participate in loyalty programs. As of 2024, Nexo supports over 40 cryptocurrencies and offers competitive interest rates of up to 12% APY for certain assets.
Nexo was co-founded by Antoni Trenchev, Kalin Metodiev, and Kosta Kantchev. Antoni Trenchev previously worked as a Member of Parliament in Bulgaria and has extensive experience in finance and technology. Kalin Metodiev has a background in investment banking, while Kosta Kantchev brings expertise in blockchain technology and entrepreneurship. Together, they aimed to create an accessible and user-friendly platform for cryptocurrency financial services.
Nexo operates by integrating smart contracts and blockchain technology to provide seamless financial services. Users can deposit their cryptocurrencies into the Nexo wallet, where they can earn interest on their holdings. The interest is paid out daily in the form of NEXO tokens or other cryptocurrencies, depending on the user's preference. Nexo also allows users to borrow against their crypto assets, providing loans with instant approval and flexible repayment options. The platform employs a collateralized loan model, meaning users must provide collateral in the form of cryptocurrency to secure their loans. Nexo's platform is designed to maintain a 1:1 collateralization ratio, ensuring that users' assets are secure.
1. Earning Interest: Users can earn competitive interest rates on their crypto holdings, significantly higher than traditional banks. For example, interest rates can reach up to 12% on stablecoins.
2. Crypto-backed Loans: Nexo provides instant loans against crypto assets without the need for credit checks, making it accessible for users to obtain liquidity without selling their holdings.
3. Exchange Services: Nexo allows users to trade various cryptocurrencies directly within the platform, offering a user-friendly interface and competitive trading fees.
4. NEXO Token Utility: Holding NEXO tokens can provide users with additional benefits, including higher interest rates, lower loan rates, and participation in profit-sharing through the Nexo Dividend program.
5. Recurring Payments: Users can set up automated recurring payments using their cryptocurrency holdings, facilitating regular transactions like bill payments with ease.
To ensure the safety of your Nexo account and assets, consider the following best practices:
Investing in Nexo (NEXO) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy Nexo: Once your account is funded, you can purchase Nexo directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Nexo using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
Nexo (NEXO) is currently trading at $1.34 and exhibits good potential for future growth. Check the latest Nexo (NEXO) price prediction.
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