NEXO
NEXO Price
Nexo offers instant crypto loans, a diverse ecosystem, and unparalleled security, bridging traditional finance with cryptocurrency innovation. More
| Fully Diluted Valuation | $1.31B |
|---|---|
| 24H Trading Volume | $22.69M |
| 24H Low / High | $1.29 / $ 1.33 |
| Circulating Supply | 1.00 B |
| Total Supply | 1.00 B |
| Max Supply | 1.00 B |
| Categories | Alleged SEC Securities 5 more |
|---|---|
| Founder | Kosta Kantchev 2 more |
| Website | nexo.com Whitepaper |
| Socials | 3 more |
| Chains | Ethereum Ecosystem 4 more |
| Explorer | Polygonscan 8 more |
| Contracts |
0xb62....15206
4 more
|
| Name | Pair | OG Score |
|---|
Nexo, a prominent player in the cryptocurrency space, stands out as a comprehensive digital assets institution that has evolved since its inception in 2018. Founded by finance professionals Kosta Kantchev, Antoni Trenchev, and Kalin Metodiev, Nexo offers a wide array of financial services within its ecosystem. At its core, Nexo provides a decentralized lending protocol, allowing users to secure instant crypto-backed loans. Notably, the platform supports over 60 cryptocurrencies as collateral, giving investors, miners, hedge funds, exchanges, and token projects the flexibility to access liquidity without selling their digital assets.
One of Nexo's standout features is the Instant Crypto Credit Lines, enabling users to borrow from $50 to $2 million by depositing crypto as collateral. The Annual Percentage Rate (APR) depends on factors such as the user's Loyalty tier and the amount of NEXO held. Additionally, Nexo has diversified its offerings, including the Nexo Exchange for trading digital assets, the Nexo Prime platform tailored to institutional clients, and the innovative Nexo Card—a crypto-backed credit card in partnership with Mastercard. The company's commitment to security is evident through its ISO/IEC 27001:2013 certification, real-time attestation, and engagement with industry veterans like Ledger and Bakkt for custodial functions.
As Nexo celebrates its fifth anniversary in April 2023, the platform has garnered recognition in the industry, winning awards such as the Forbes Business Awards and FinTech Breakthrough Awards. With a track record of never losing client funds since its inception, Nexo's commitment to a strict, over-collateralized policy and prudent risk management practices highlights its dedication to a sustainable business model. The platform's innovative approach, bridging traditional finance and the crypto world, positions Nexo as a key player in advancing the adoption and utility of digital assets.
Nexo stands out with its instant crypto-backed loans, diverse financial ecosystem, and the world's first crypto-backed credit card, offering unparalleled flexibility for users to access liquidity while retaining ownership of their digital assets.
Nexo was founded in 2018 by a team of experienced finance professionals, namely Kosta Kantchev, Antoni Trenchev, and Kalin Metodiev, who bring a wealth of expertise to the cryptocurrency and blockchain space.
Nexo Ventures, the investment arm of Nexo, focuses on early-stage blockchain projects contributing to Web3 and crypto asset adoption. The company initially raised $52.5 million through a private token sale to support its mission.
You can buy NEXO (NEXO) on Binance, Bitget, Bybit, Gate.ioMEXC cryptocurrency exchanges.
OGAudit is the first independent social audit platform for web3 projects and cryptocurrencies. Here you can find comprehensive crypto evaluations, ratings, unbiased and objective expert user reviews. There may be positive, negative, and neutral evaluations based on experts' experience and perspective with the product or the service about each cryptocurrency like NEXO NEXO. To access these ratings, evaluations, and comments, click here.
There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of NEXO (NEXO) is ($1,000,000,000), max supply of NEXO NEXO is ($1,000,000,000) and the market cap of NEXO NEXO is ($1,306,469,784).
What is the NEXO (NEXO) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of NEXO (NEXO) is $1. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether NEXO (NEXO) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (NEXO NEXO) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does NEXO (NEXO) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether NEXO (NEXO) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
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