Jun 18, 2018
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 OwnershipClients 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 EfficientCrypto оverdrafts are an affordable, flexible and efficient solution that also does not incur any tax liabilities or exchange and hidden fees No Credit ChecksNexo offers an instant crypto overdraft, which eliminates the need for cumbersome credit checks that might lead to credit score deterioration. Transparent Blockchain ContractsOwnership of digital assets is secured and guaranteed by transparent blockchain overdraft contracts.
- 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
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.
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Attention. There is a risk that unverified members are not actually members of the team
$67 500 000
$61 000 000
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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