They get your btc, eth and they give loans in $ values.
It is similar to using leverage in trading. But you’re able to use the extra leverage on other investments in the mean time.
They have interest rates on each month of your loan.
Nexo is used to decrease interests by using it as collateral or as loan payments.
Nexo token holders are paid dividends from 30% of the revenue.
Thus the nexo token is more like BNB token.
They are centralized, you need to trust them.
Ranked 130 with mcap $100M
Michael Arrington (co founder of techchrunch) is their advisor
CEO doesn’t look awesome, but okay.
We can invest according to the growth of nexo platform: https://www.reddit.com/r/Nexo/comments/8phfdz/where_to_obtain_stats_about_nexo_platform/
Their risk system
Founder seems to be a shill business guy type. Where I wouldn’t trust doing business with him. (unlike CZ)
In CEO’s talk he invites a pretty girl on stage to explain some parts of the token. (he should be doing all of that by himself, huge red flag) https://youtu.be/UC8sJ0lu5YY?t=584
Conclusion
They are too shiny in marketing but we don’t know if their business is working because they haven’t shared their data.
From what I have seen there is a high probability that people don’t use their product.
I’ve tried to get their data from social media, emailed them etc, no luck.
