NeXo offers its users an easy access point to both cryptocurrency and blockchain technology without any previous experience needed. Users can earn rewards simply by doing things they would normally do on a daily basis such as shopping online, performing simple tasks etc. They will also be able to purchase goods or place bets on sporting events such as the Olympics, all while earning NXO tokens.
The platform is blockchain agnostic and can be integrated into other blockchains, but will initially focus on Ethereum. Users of NeXo won't need to download any additional software or plugins: everything they might need will already be integrated into the website and accessible from one login. They don't even need to have a wallet because the platform provides them with one for free which is secured by AES-256 encryption technology. The system also makes use of a federated distributed storage so that every user's data remains safe at all times.
Every action on NeXo gets incentivized through its native token called Nexo (NEXO), anRC20 standard utility token that allows users to borrow against their cryptoassets. Nexo is currently the only lending platform that allows users to borrow against their cryptocurrencies without having to sell them. This makes it a very attractive proposition for those who want to hold on to their digital assets while still being able to use them.
Nexo has already caught the attention of some big players in the industry. The company has formed partnerships with some of the world's leading companies and institutions, such as Bitfinex, Credissimo, and TechCrunch. It has also been listed on some major exchanges such as Binance, Huobi Global, OKEx, and Coinbene.
The Nexo team is comprised of experienced entrepreneurs and developers who have a proven track record in their respective fields and is led by Credissimo cofounder Kosta Kantchev. Prior to founding Nexo, he managed one of the most successful fintech lending platforms in Europe which had over 1M users and 65 per cent market share in Bulgaria.
Nexo has already hit its soft cap of $50M with nearly $47M raised during their presale, which lasted from March 7th to April 30th. The main sale is scheduled for June 1st and will last until July 31st or until they reach their hard cap of $52M. A 5 per cent bonus will be given to all token buyers during the first week of the sale while a 2 per cent bonus will be available throughout May. Investors who purchase tokens worth $100,000 or more during the crowdsale will receive a free Nexo Card which comes with deposit insurance. All unsold tokens will be burned.
Ticker: NEXO Tokens for sale: 1,000,000,000 Nexo ICO price: 1 NEXO = 0.1 USD Accepted currencies: BNB and ETH Minimum investment goal (Soft cap): 50 000 000 USD Maximum investment cap (Hard Cap): 52 000 000 USD Token Sale timeline Date Event March 7-April 30 Presale May 1 Main sale June 1 Main sale July 31 Main sale Who is Eligible Company registered in the UK Whitelist/KYC procedures Yes Restricted areas USA, China, South Korea How to participate Visit the Nexo website Nexo is a lending platform that allows users to borrow against their cryptocurrencies without having to sell them. This makes it a very attractive proposition for those who want to hold on to their digital assets while still being able to use them. The company has already caught the attention of some big players in the industry and has formed partnerships with some of the world's leading companies and institutions. It has also been listed on some major exchanges such as Binance, Huobi Global, OKEx, and Coinbene. The Nexo team is comprised of experienced entrepreneurs and developers who have a proven track record in their respective fields.
