NEXO

NEXO

Created using Figma
Created using Figma

Last Update

Jun 18, 2018

Nexo.io offers the World's First Instant Crypto-backed Loans. Our platform is already live - https://platform.nexo.io and services clients worldwide. Our project is a spin-off from Credissimo (https://credissimo.com), a European FinTech Group, serving millions of people across Europe for over 10 years, while being supervised by multiple European banking and financial services regulators. Nexo is being advised by multiple prominent figures from the Tech and Finance sectors, including Michael Arrington - Founder of Techcrunch and Trevor Koverko - CEO of Polymath.
  • Market
    Pair
    Price
    Volume 24H
    24H (price)
    24H (volume)
  • HitBTC
    NEXO/ETH 6 minutes ago
    $ 0.0885
    $ 559.63
    3.13%
    -19.02%
  • HitBTC
    NEXO/BTC 9 minutes ago
    $ 0.0883
    $ 20.782 K
    1.13%
    -55.15%
  • Huobi Global
    NEXO/ETH 15 minutes ago
    $ 0.0871
    $ 732.908 K
    5.31%
    33.42%
  • Huobi Global
    NEXO/BTC 15 minutes ago
    $ 0.0873
    $ 891.297 K
    4.44%
    18.46%
  • HitBTC
    NEXO/USD 23 minutes ago
    $ 0.0878
    $ 4.015 K
    3.10%
    603.93%
  • Huobi Korea
    NEXO/BTC 33 minutes ago
    $ 0.0873
    $ 568.25
    5.92%
    -89.20%
  • Huobi Korea
    NEXO/ETH 33 minutes ago
    $ 0.0872
    -
    5.92%
    -100.00%
  • Trade.io
    NEXO/ETH 45 minutes ago
    $ 0.0879
    $ 4.467 K
    3.81%
    47.71%
  • Bitrue
    NEXO/XRP 51 minutes ago
    $ 0.0871
    $ 1.488 K
    1.72%
    10.93%
  • Bitrue
    NEXO/BTC 51 minutes ago
    $ 0.0871
    $ 8.055 K
    5.77%
    16.47%
  • Hotbit
    NEXO/HTB 56 minutes ago
    $ 0.0893
    $ 425.554 K
    5.05%
    14.89%
  • Hotbit
    NEXO/ETH 56 minutes ago
    $ 0.0882
    $ 2.926 M
    3.94%
    14.78%
  • Mercatox
    NEXO/BTC 57 minutes ago
    $ 0.0904
    $ 103.927 K
    9.37%
    31.38%
  • Hotbit
    NEXO/BTC one hour ago
    $ 0.0874
    $ 992.431 K
    3.55%
    -13.58%
  • Coinbit
    NEXO/KRW one hour ago
    $ 0.1359
    $ 8.901 K
    -19.78%
    38.11%
  • Livecoin
    NEXO/BTC one hour ago
    $ 0.0934
    $ 302.13
    2.16%
    26.77%
  • Uniswap
    NEXO/ETH 2 hours ago
    $ 0.0933
    $ 46.65
    -
    -
  • Mercatox
    NEXO/ETH 5 hours ago
    $ 0.0934
    $ 420.19
    -
    -
  • ForkDelta
    NEXO/ETH 7 hours ago
    $ 0.2524
    $ 0.0003
    -
    -
  • Livecoin
    NEXO/ETH 14 hours ago
    $ 0.0927
    $ 1.08
    -
    -
  • STEX
    NEXO/USDT 18 hours ago
    $ 0.0780
    $ 0.4145
    -
    -
  • DDEX
    NEXO/WETH 2 days ago
    $ 0.0914
    $ 1.973 K
    -
    -
  • Token.Store
    NEXO/ETH 4 days ago
    $ 0.1270
    $ 4.19
    -
    -
  • Bancor Network
    NEXO/BNT 7 days ago
    $ 0.1036
    -
    -
    -
  • Allbit
    NEXO/ETH 16 days ago
    $ 0.1186
    -
    -
    -
  • Bitexlive
    NEXO/BTC 18 days ago
    $ 0.1430
    -
    -
    -
  • Bitexlive
    NEXO/ETH 18 days ago
    $ 0.1267
    -
    -
    -
  • Huobi Korea
    NEXO/BTC 27 days ago
    $ 0.0973
    $ 6.067 K
    -6.56%
    304.87%
  • Huobi Korea
    NEXO/ETH 27 days ago
    $ 0.0973
    $ 2.842 K
    -6.34%
    56.64%
  • TokenJar
    NEXO/WETH one month ago
    $ 0.1222
    $ 48.27
    -
    -
  • CryptalDash
    NEXO/USDT one month ago
    $ 0.0981
    $ 41.447 K
    -
    -
  • YoBit
    NEXO/ETH one month ago
    $ 0.0862
    -
    -
    -
  • YoBit
    NEXO/USD one month ago
    $ 0.0500
    -
    -
    -
  • YoBit
    NEXO/BTC one month ago
    $ 0.0741
    $ 11.67
    -
    -
  • Coinbit
    NEXO/KRW 2 months ago
    $ 0.8921
    $ 3.364 M
    211.40%
    2,093.98%
  • CryptalDash
    NEXO/ETH 3 months ago
    $ 0.0784
    $ 34.28 K
    -
    -
  • Catex
    NEXO/BTC 5 months ago
    -
    -
    -
    -
  • Catex
    NEXO/ETH 5 months ago
    -
    -
    -
    -
  • Saturn Network
    NEXO/ETH 5 months ago
    -
    -
    -
    -
  • DDEX
    NEXO/ETH 6 months ago
    $ 0.0739
    $ 649.68
    -
    -
  • FatBTC
    NEXO/ETH 7 months ago
    $ 0.0604
    -
    -
    -
  • Bitexlive
    NEXO/TRY 7 months ago
    $ 0.0794
    -
    -
    -
  • CryptalDash
    NEXO/BTC
    -
    -
    -
    -
  • Bitinfi
    NEXO/ETH
    -
    -
    -
    -
  • YoBit
    NEXO/DOGE
    -
    -
    -
    -
  • YoBit
    NEXO/WAVES
    -
    -
    -
    -
  • YoBit
    NEXO/RUR
    -
    -
    -
    -
  • CryptalDash
    NEXO/CRD
    -
    -
    -
    -
Private Pre-Sale
Mar, 2018
Mar, 2018
100% completed
$52 500 000
21.1 K
cap
goal
100% cap completed
Goal 52 500 000.00 USD
Cap 52 500 000.00 USD
past
  • 1 NEXO
    =
    0.1 USD
Token Details
Ticker
NEXO
Accepted Currencies
ETH, BTC
Company Details
Registered Country
Switzerland
Additional Details
MVP/Prototype
Yes
Platform
Ethereum

About NEXO

 
Unlock the Value of Digital Assets
Clients obtain an instant overdraft in fiat currency (EUR, USD, etc.) or cryptocurrency by placing their digital assets in an Overdraft Wallet
Quick Access to Cash.
Access cash conveniently anywhere around the world via bank transfer, cryptocurrency or the Nexo credit card and seize investment opportunities or meet liquidity needs immediately.
Retain Ownership
Clients retain 100% ownership of their digital assets. Without the need to sell them, the borrowers now keep the full benefit from the assets' value appreciation.
Cost & Tax Efficient
Crypto оverdrafts are an affordable, flexible and efficient solution that also does not incur any tax liabilities or exchange and hidden fees
No Credit Checks
Nexo offers an instant crypto overdraft, which eliminates the need for cumbersome credit checks that might lead to credit score deterioration.
Transparent Blockchain Contracts
Ownership of digital assets is secured and guaranteed by transparent blockchain overdraft contracts.

Features

- Credit Card with Flexible Overdraft Limit
- Additional Virtual Credit Card
- Payments in Local Currencies
- No Monthly/Annual Fees
- Clients obtain an instant overdraft in fiat currency (EUR, USD, etc.) or cryptocurrency by placing their digital assets in an Overdraft Wallet

Technical Info

Nexo's instant lending platform offers seamless user-experience and military-grade security with 256-bit encryption.

We partner with BitGo to secure all crypto assets. BitGo is trusted by other market leaders such as Kraken, CME Group, Pantera Capital, The Royal Mint and UPbit.

NEXO Roadmap

  • Q1 2018 February

  • 1st Airdrop campaign
  • Q1 2018 March

  • Finalize Token Pre-Sale
  • Q2 2018 April

  • Listing NEXO Token On Exchanges. Launch Instant Crypto Overdrafts in USD.
    Secured by BTC and ETH.
    Finalize Main Token Sale.
    Listing NEXO Token On Exchanges.
  • Q2 2018 May

  • Start M&A Process of Acquiring a FDIC-insured Banking Institution.
  • Read More
  • Q2 2018 June

  • EUR Currency support.
  • Q2 2018 July

  • Launch Nexo Credit Card.
  • Q3 2018

  • Additional Altcoins / Tokenized assets Support JPY Support.
    KYC/AML Automation.
    Launch Nexo Mobile Wallet.
    Launch Affiliate Program & Tell a Friend Program.
    
  • Q3 2018

  • Additional Altcoins / Tokenized assets Support JPY Support.
    KYC/AML Automation.
    Launch Nexo Mobile Wallet.
    Launch Affiliate Program & Tell a Friend Program.
    
  • Q4 2018

  • Increase Maximum Overdraft Limits Second Nexo Airdrop campaign.

Activity

Posts:
218
MEDIUM
Followers:
18 947
VERY HIGH
Likes:
16 785
VERY HIGH
Followers:
39 701
VERY HIGH
Tweets:
922
VERY HIGH
30 Days Growth:
529
Members:
41 472
VERY HIGH
30 Days Growth:
-1604
Year commits:
0
Watchers:
9
Stars:
21
Forks:
18
Open issues:
0

NEXO Team

Verified 21%

Attention. There is a risk that unverified members are not actually members of the team

Kosta Kantchev
Managing Partner
verified
Georgi Shulev
Managing Partner
unverified
Antoni Trenchev
Managing Partner
unverified
Vasil Petrov
CTO and Co-Founder
unverified
Kalin Metodiev
Corporate Finance
unverified
Kamen Trendafilov
Finance Director
unverified
Bilyana Christova
Marketing
verified
Plamen Todorov
Blockchain Developer
unverified
Teodora Atanasova
Business Development
unverified
Joro Yordanov
Product Designer
unverified
Boris Delev
Technical Lead
unverified
Ivan Kostov
Marketing
unverified
Yasen Damyanov
Business Development
verified
Mario Krastev
Senior Quality Assurance Specialist
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Michael Arrington
Advisor
unverified

6 ICO

$67 500 000

Trevor Koverko
Advisor
unverified

5 ICO

$61 000 000

Paolo Tasca
Advisor
unverified

NEXO Interviews

Kosta Kantchev
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Managing Partner
Bilyana Christova
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Bilyana has been a digital marketing manager in the financial and tech industries for over a decade, and has been the Chief Marketing Officer at Credissimo. She has a penchant for the development of digital strategies, marketing management and results-driven marketing. Bilyana has numerous awards, including one for exceptional development of brand strategies and digital marketing campaigns.
Yasen Damyanov
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Business Development

NEXO Last News

$ 0.0881
4.55%
Coin Stats
Daily, %:
4.55%
Weekly, %:
-20.13%
Monthly, %:
-16.63%
Market Info
Market Cap:
$ 49.329 M
Volume 24h:
$ 6.159 M
Circ. Supply:
560 M NEXO
Ticker:
NEXO
ICO profit
X 0.8809
ICO Price~$0.1000

NEXO Reviews

crushcrypto.com
review

Opportunities:
Nexo is a public company that has a 10-year history, has operations in several countries, is growing and profitable. Very few ICO projects is backed by a company as established as Credissimo. This demonstrates the capability of the team.
Nexo is also advised by reputable entrepreneurs in the tech and blockchain space, who can open doors for the company to seek partnerships.
Credissimo has created an option to use Bitcoin to repay loans in 2016. The users who have been using this feature would have a much easier time integrating with Nexo’s platform because they are already familiar with cryptocurrency.
Using cryptocurrency as a collateral for lending has substantial potential as it would allow users to generate liquidity without selling the underlying cryptocurrency and triggering a tax event.

Concerns:
NEXO token is classified as a security token because of its dividend paying nature, so none of the current high-volume exchanges are able to list it. It is uncertain when exchanges supporting security tokens will operate and generate sufficient trading volume.
There are a number of operating blockchain projects focusing on using cryptocurrency to obtain loans, such as Salt Lending and ETHLend. Nexo will be competing with them in one way or another, although the entire space is huge and is big enough for multiple winners.

Conclusion:
Overall, we are neutral about the short-term potential of this ICO and like its long-term potential. Our thoughts of the tokens for short term and long term are as follows:
For ​short-term holding:
Neutral. The hard cap, although rather high, is likely to be filled with some unmet demand given the established nature of Credissimo and market awareness. However, since NEXO token is a security token and there is currently no exchanges supporting security token with high volume, it is uncertain when NEXO token will generate sufficient trading volume.
For long-term holding:
Good. We like lending projects (Salt Lending, Ripio Credit Network, Ethlend) in general and Nexo is no different. Nexo has indicated that they have received early requests and applications for the Nexo Instant Crypto Overdrafts exceeding $500 million. This makes us optimistic that Nexo can be successful in the long-term.

Read More
OhHeyMatty
68
Read More
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