Nexo: What Is It & Why Should You Care
Imagine if there was a way to spent say $10,000USD worth of Bitcoin without having to sell it!
Impossible?
NOPE....
Let me introduce you to...
Nexo is an instant overdraft backed by crypto!
Don’t sell your crypto, don’t lose the potential 'moon' profits (which would probably happen 24 hours after you sell it.) Not to mention the expensive exchange and withdraw fees from exchanges.
SO HOW DOES IT WORK?
Just get the WORLDS first instant over drafted backed by crypto which is powered by credissimo, a leading European fintech group.
Just deposit your crypto in your overdraft wallet on the blockchain!
Then without ANY CREDIT CHECKS you will get instant cash from Nexo!
This will also mean:
1. No Exchange Fees!
2. No Hidden Fees!
3. No Taxes!
Another upside to this is you will obtain all the profit from your crypto.
So imagine you put $10,000USD worth of Bitcoin into your Nexo overdraft account.
You’ll start making fiat repayments on that $10,000USD.
But after two months ... WAIT, WHAT!.. Your crypto has doubled in value!
No problems ...
You can instruct Nexo to sell a slice of that profit and use it to repay the remaining balance ...
OR you could just keep repaying it in fiat ...
It’s YOUR choice!
THIS ICO WAS OVERSUBSCRIBED IN THE PRIVATE PRE SALE
But what exactly does that mean?
Well it’s where the whales or pools buy.
They go straight to the CEO and get a private deal with HUGE bonuses, you might get 10%~20% bonus on a public pre sale and 5%~10% bonus on public ICO ... or you could join a pool and get 40%~100%+ bonus.
But Why Are Whales and Pools Getting Huge Bonuses?!?!
Well, a whale or a pool owner could pool 300 Ethereum or more in a single transaction, which is a lot easier for KYC (Know Your Customer) etc which the ICO will have to do.
300 Eth could be over 300 individual contributions.
So Nexo did their Pre Private Sale.
It was very over subscribed and next minute uhh ohh we got all the money we need so no preico .. and no ico.
That’s going to suck for the Joe Blogs of the world who were waiting patiently... oh well!
So Why Would This Token Sale Be So Popular?
Well Nexo token will be a "Security" which means it will pay a dividend, similar to TenX ...wonder when TenX will start paying …
The Nexo 'profit sharing' will be 30% of the company’s profits to be sent to every token holder.
Every token will get the same amount, so the more tokens that are ERC-20 the more Ethereum you will get :D
Nexo tokens can also be used in the overdraft wallet to obtain instant financing, based on the tokens value WITH interest rate discount... sweet as!
So if you repay your interest in nexo erc-20 tokens you'll pay a lower interest rate.
SO WHAT DO YOU GET:
• Free Credit Card with
• Flexible Overdraft Limit
• Multiple Repayment Options
• Additional Virtual Credit Card
• Payments in Local Currencies
• No Monthly/Annual Fees
• No Hidden Fees
YOU CAN GET A LOAN WITH:
• Cryptocurrencies
• Nexo Tokens
• Tokenized Assets
• Utility Tokens
• VR/Gaming Tokens
THE SECURITY:
• State-of-Art Technology
• Card and Wallet Encryption
• 24/7 Fraud Monitoring
• 24/7 Live Assistance
THE TECHNOLOGY
• Mobile Wallet App
• Send/Receive Money Worldwide
• Spending Analytics
• Budgeting Tools
• Enable/Disable Card Remotely
THE INFRASTRUCTURE:
• Visa
• MasterCard
• Apple Pay
• Android Pay
• Samsung Pay
• Alipay
So what do I think about Nexo?
Buy it. Buy it where ever you can. Hodl it. Enjoy the dividend payments!
DISCLAIMER: THIS IS A PERSONAL BLOG POST. IT SHOULD NOT BE TAKEN AS FINANCIAL ADVICE. DO YOUR OWN HOMEWORK TO MAKE AN INFORMED DECISION.
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