Nexo's 2019 Dividend gives US$2,409,574.87 to Hodlers
I've been holding Nexo Token in small amount since pretty much its beginning. That means i am one of the lucky folks who got a (very very small) piece of the 2 million Dollar pie.
This was all explained in their deep dive blog on the Nexo dividend distribution methodology.
Basically, the reason they do this is to rewards long-term investor confidence and also decreases market volatility around ex-dividend dates. It consists of two parts — the Nexo Base Dividend and the Nexo Loyalty Dividend, each making up 50% of the total amount in the current distribution.
The annualized dividend yield is an impressive 12.73%, which surpasses all of the highest dividend-paying stocks in the S&P 500. I'd say that's a good investment value for money!
Will I continue holding on Nexo?
For now, most definitely.
For one, it's not alot of money. So taking it out wont really benefit me in the short term whatsoever.
Plus, i have reasons to believe the project will continue to make money and offer higher dividend. Crypto-lending is a booming industry regardless if custodial or decentralized.
One Product from them that I see will be the upcoming Nexo Card.
Top up card with crypto, pay in any MasterCard Terminal.. Yes Please.
So I will be hodling my Nexo. How about you?
Posted from my blog with SteemPress : https://kristiankho.com/nexos-2019-dividend/
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