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RE: NEXO collaborates with CoinMarketCap, making this a very useful token to hold
That's great to hear. I've liked NEXO since the early stages. I couldn't participate in the ICO due to being an American. Then when it came on exchanges I decided not to buy because I figure I could always get some just when I need it (when doing a loan) since I think they use the current price of NEXO to give you the discounts for using NEXO. Correct me if I'm wrong about that. It didn't seem I needed to hold the coin in advance of using it though.
That sounds spot on to me. You can buy the NEXO just prior to getting the loan to receive the discount. And get an even bigger discount if you pay the loan back with NEXO. A clever system really.
I was lucky to get into the ICO with a trading group who pooled together $200,000 to get a good price. Me with my little $1000! haha! We have to start somewhere right?