Nexo: the first instant crypto overdraft (enjoying your crypto wealth without selling your crypto overdraft)

This article is my entry to @originalworks writing contest https://steemit.com/cryptocurrency/@originalworks/280-steem-40-bonuses-sponsored-writing-contest-nexo

A little info about NEXO

Nexo as a platform is controlled by Credissimo, a main FinTech Group serving a large number of individuals crosswise over Europe for more than 10 years. Credissimo has dependably worked under the most administrative necessities and strictest supervision by numerous European Banking and Financial Services Regulators. All with the point of giving moment credits to a huge number of individuals crosswise over Europe. trusting that the extending computerized world enhances our lives.

Nexo will enable clients to utilize their digital currency as insurance to get liquidity without credit checks, trade charges, imposes or shrouded expenses. This will empower crypto holders to keep up their position and advantage from any upside potential, while enabling them to grab any appealing openings or meet any quick commitments.

Nexo Mission

Throughout late years, we have been giving instant advances to a substantial number of people transversely across Europe. We assume that the developing automated world upgrades our lives. We should need to contribute by giving the World's First Instant Crypto Overdrafts: Nexo benefit as much as possible from your crypto wealth today without offering your focal points.

The nexo team

Advisors:

The managing partners:

Plan of activity

The arrangement of activity of Nexo is to give instant crypto overdrafts a particular true objective to open the estimation of the crypto assets asserted by its clients. The method is direct and can be isolated into two or three essential advances:

Stage 1: The Customer trades Crypto Resources for the Overdraft Wallet

An arranged client trades crypto points of interest for their Overdraft Wallet. Once the apropos blockchain certifications for the individual crypto asset are gotten, the Nexo Prophet normally finds out quite far and in a glimmer sets up the overdraft.

Stage 2: The Customer Gets Moment Overdraft in USD or EURO

Quite far is immediately available by bank trade or the free Nexo Mastercard. Dependent upon their prerequisites and conditions, the clients can pick the most beneficial way to deal with use their cash, and furthermore the money related structures in which they should need to get the advantages. Beyond what many would consider possible depends accessible estimation of the crypto assets in the Overdraft Wallet. Should the computerized cash recognize in regard, the Nexo Prophet works beyond what many would consider possible.

Stage 3: The Customer Reimburses Overdraft

Clients can repay their versatile overdrafts in various courses – by methods for bank trade, fiat or advanced cash. Exceptional discounts on the credit costs are permitted to those making portions with NEXO tokens. A third option is to pay by fragmentary offer of the crypto assets (BTC, ETH, et cetera.) in their Overdraft Wallet. Despite the versatile repayment options, Nexo does not require any month to month slightest repayments as long as the surprising modify is inside the open overdraft oblige. Once a repayment is gotten, Nexo Prophet records the trade on the blockchain and in a brief moment refreshes beyond what many would consider possible.

Stage 4: Pull back Crypto from Overdraft Wallet

If the crypto assets in the wallet meet the required uttermost scopes of the noteworthy overdraft alter, clients can pull back part or all outperforming total at any given time. Once the overdraft is totally repaid, clients can pull back most of the crypto assets in the wallet.

Their short history

Credissimo is a main European FinTech Gathering established in 2007 that uses creative exclusive innovations to give: moment online buyer credits, web based business financing, and bill installment administrations.
The organization is a market pioneer in the online shopper loaning portion in a few European nations. Credissimo's upper hand is profoundly established in its business know-how that the organization has created in its over 10 years of experience—productive plan of action, front line innovation arrangements, and visionary administration. The steady drive for advancement is encoded in the Credissimo's DNA furthermore, is the principle purpose for the long haul achievement of the organization. In its authentic advancement, Credissimo has been recognizing and effectively comprehending wasteful aspects in loaning markets by making inventive and
advantageous financing arrangements. By applying Blockchain innovation, Nexo is Credissimo's response to comprehending
the absence of financing in the new advanced economy.
Powered by 10 years of Credissimo's aptitude and strong asset base, Nexo is putting forth the World's First Instant Crypto Overdraft, a progressive item that empowers customers to make the most of their crypto resources without offering them.

The images I used were gotten from nexo.io and nexo whitepaper.

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