Nexo is a cryptocurrency-backed loan system powered by blockchain technology that is developed by Credissimo, a European FinTech company. The Nexo platform was launched in 2018 by a group of finance professionals and crypto enthusiasts, and it offere...Mored the world's first crypto credit lines, allowing digital asset holders to obtain stablecoin and fiat loans against their cryptocurrency, laying the groundwork for the crypto lending niche. Nexo is the first-ever supplier of quick cryptocurrency-backed loans, according to its whitepaper, and it aims to eliminate inefficiencies in the lending system. The NEXO token is this ecosystem's native token, an ERC-20 interest-bearing security token.
A quick snapshot of NEXO ROI (return on investment) over different time periods.
Projects with a public Github account have more transparency and reliability. It's best to invest in projects with multiple contributors and commits (code developed and pushed to Github).
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Projects with low liquidity and smaller market cap are generally more risky. As the projects become more popular and traded with more people, they are less volatile and considered better investments.
Check the historical data and price changes on Coingecko.com
We do not have any data on the market cap and liquidity of this project.
Project announcements and news have a significant impact on the price. Below are live updates from NEXO's Twitter and Reddit accounts.
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