Nexo: The world's first Instant Crypto Overdraft

riovanes (66)in #contest • 6 years ago (edited)

Are you a crypto owner in urgent need of quick cash but do not want to sell off your digital assets?

Looking for a loan with no hidden fees, no capital gain taxes, and no credit checks while being transparent at the same time?

If your answer is yes to all these questions, then look no further. Nexo have you covered

What is Nexo?

Nexo is the world's first Instant Crypto Overdrafts. Allowing crypto owners quick and easy access to cash while retaining ownership of their digital assets.

Instant Crypto Overdrafts allows for an automatic, flexible and cost-efficient way of obtaining liquidity using cryptocurrencies as collateral.

Nexo is powered by Credissimo, a Fintech Group with over 10 years of experience. Credissimo operates under strict regulation and supervision by multiple European Banking and Financial Services Regulators, thus ensuring credibility and security.

Who can be Nexo's clients?

If you are a cryptocurrency trader, cryptocurrency miner, hedge funds owner, cryptocurrency company, ICO, cryptocurrency exchanger, and gamer, then you are a Nexo client and is legible to use their services.

The technology behind Nexo

Nexo is powered by the Nexo Oracle, a blockchain technology with multiple components responsible for overdrafts and payments. Driven by smart contracts, with transparency, efficiency, and security in mind.

How Nexo Instant Crypto Overdraft Process works

Nexo's overdraft process is simple and easy. To have quick access to funds the users only need to follow some simple steps.

The first step is for users to put their cryptocurrency in their Nexo overdraft wallet. Once this step completed users can now have access to overdraft funds.
The next step is to get the funds and use it whatever, whenever, and wherever they want via bank transfer or Nexo's very own credit card.

The overdraft payment process is also as easy. Users can opt to pay using bank transfer, with fiat or cryptocurrency. Using the cryptocurrency in your Nexo wallet or even with Nexo tokens.

The Nexo Token and Credit Card

Nexo has their own token that can be used to get discounted overdraft payments. It can also be stored in our Nexo overdraft wallet to get discounted interest and increase our overdraft limit.

Backed by the Overdraft assets portfolio, investors can receive a percentage of dividends from the company profit.

Nexo also offers credit card which acts like your regular credit card only better. Using their credit card, users can have instant access to funds stored in their Nexo overdraft wallet. The credit value limit will adjust based on cryptocurrency appreciation.