NEXONexo (NEXO) Price

1. Project introduction

Nexo is the platform providing world's leading Crypto/fiat-backed Loan’s service. NEXO resolves a crucial inefficiency for the crypto world. The innovative model of Nexo brings to the crypto community two major benefits- retaining 100% ownership of their digital assets while having immediate access to cash. The Instant Cryptobacked Loans are an automatic, flexible and cost-efficient way of obtaining liquidity that is secured by the value of the client’s digital assets. The whole process is completed in just a few simple clicks. No hidden fees, no capital gains taxes, no credit checks. Transparency is guaranteed through the use of blockchain technology, smart contracts and algorithmic processes executed by the Nexo blockchain oracle.

2. Team introduction

Co-founder: Antoni Trenchev

Linkedin: https://www.linkedin.cn/incareer/in/antoni-trenchev

Head of Corporate Finance and Investments: Tatiana Metodieva

Linkedin: https://www.linkedin.cn/incareer/in/tatiana-metodieva-cfa-499a011a8

3. Investment institution

Arrington XRP Capital, Galaxy Foundation, BlockGround Capital, NueValue Capital, Varys Capital, etc.

4. Application and distribution

Total supply: 1,000,000,000

Token application:

Grants users benefits such as discounts on interest accumulated on loans and the opportunity to receive interest payments on funds deposited. Token holders also receive dividends from Nexo's profits.

Token distribution:

250 million NEXO (25%) for the company's overdraft funding reserves, subject to a 12-month vesting period with a six-month cliff;

112.5 million NEXO (11.25%) for the founders and team, subject to a 48-month quarterly vesting period;

60 million NEXO (6%) for community building and airdrop campaigns, subject to an 18-month quarterly vesting period;

52.5 million NEXO (5.25%) for advisors, legal costs and marketing, subject to a 12-month vesting period;

525 million NEXO (52.5%) for sale to investors.