Jun 18, 2018
Nexo is the world's leading and most trusted lending institution in the digital finance industry.
Since 2018 Nexo has strived to bring professional financial services to the world of digital assets. Leveraging the best of the team's years of experience in FinTech along with the power of blockchain technology, Nexo empowers millions of people to harness the value behind their crypto assets, shaping a new, better financial system.
Nexo currently manages assets for 4М+ users across 200 jurisdictions.
Nexo is committed to successfully solving inefficiencies in the lending markets by creating innovative, convenient and sustainable solutions. By harnessing the potential behind blockchain technology, Nexo is pioneering a new digital financial system.
We see a future for the financial world where all assets are tokenized on-chain and people have efficient ways to transfer or manage their funds. At Nexo, we always look ahead which is why we’ve designed our products to be seamless, secure and instant -- the financial services of tomorrow.
Nexo’s values are rooted in efficiency, transparency and inclusivity. This is reflected in our fully-automated products, transparent processes and our extensive efforts to develop a truly global service that makes wealth creation opportunities available to everyone.
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.
Attention. There is a risk that unverified members are not actually members of the team
$67 500 000
$56 100 000
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.
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