Want to HODL your crypto AND spend the cash? nexo2018

You know I'm team HODL, but I also like the idea of getting to use some of the profits from my portfolio now instead of waiting years. I don't want to reduce my holdings, because I want the upside future potential for price appreciation on the coins.

Lot's of people feel the same way, which is why a number of crypto projects have come forward to try to fill this need. Among them, Nexo stands apart as a particularly good option. Below you will find my video review of it.

(image source: Nexo.io)

To provide you with some of the highlights:

• The primary value proposition of Nexo is that it allows you to keep your crypto for the longrun value appreciation, but access its value as cash now
• The use of the coin is to lower interest rates on repayment of overdrafts/loans and to also be a form of collateral for overdrafts/loans
• This coin is unique in that it pays a 30% dividend
• Of all the projects trying to fill this need, Nexo has what is probably the best team and track record to pull it off securely
• Nexo is good for the entire cryptocurrency market, because the more it is used, the more it will contribute to price stability in the overall market, as people no longer need to sell their crypto in order to tap the cash value

(image source: Nexo.io)

See the complete video below here...

Who Should Invest in Nexo?

Well if you are a hodl investor, and you sometimes could use some USD (and later EURO and other currencies) for expenses of life or even just vacations and other fun rewards from your crypto profits, then this is probably a great option for you.

Right now they only support ETH and BTC as collateral, but they are adding their own coin as possible collateral, plus other altcoins. You can see their roadmap on their website.

Who Is This Not For?

If you're a day trader with your crypto, you're going to be frustrated by using it to secure loans. Even though you can move in and out of Nexo easily by simply depositing more crypto, it's an extra step when you're dealing with seconds between gains and losses. Consider setting aside at least some portion of your portfolio for holding if you want to be able to take advantage of what Nexo offers. Then day trade only the other portion.

Final Thoughts

Note that they are still in the ICO stage right now. The ICO sold out in the pre-sale so there will be no public sale. Nexo is expected to be listed on exchanges in April 2018, which is the same month they will begin offering overdrafts/loans. Their credit card comes out later this year.

Is this something you think you would do? Comment below to let me know what you think.

Resteems always appreciated

Find out more about the Nexo awareness campaign in this originalworks article.
nexo2018