Nexo. “Unchain” your crypto assets’ “superpower”.

Although the modern world experiences the greatest crypto revolution ever and the biggest spread of blockchain technology throughout all the spheres of human life, the freedom of crypto assets’ movement is still limited. Day by day the leading experts in this field trying to solve this problem by developing new platforms, mobile apps, digital banks, and marketplaces in order to increase convertibility of cryptocurrency and its payment capabilities.

But in my opinion, nothing is going to change significantly until international community establishes the status of the cryptocurrency and state authorities allow local banks and financial services to process cryptocurrency operations. Nevertheless, even now we can find alternative solutions that can simplify work with crypto assets and grant the opportunity to get all the available benefits from them.

Obstacles in experiencing digital assets’ value

Personally, I often face different troubles using cryptocurrency and receiving deserved benefits from it. As many crypto enthusiasts and investors nowadays, I also bought some cryptocurrency in order to receive significant profit in the future. Although I invested some funds that I am not afraid to lose if something goes wrong, there happen some situations when I urgently need money, and I think again and again about selling my crypto assets.

Sometimes something comes up when you don’t even expect it. For example, I receive a very advantageous travel offer, desperately need to buy a new gadget, pay the utility bill or repair my broken car, but I’m out of money and the payroll time is not that soon. What is the first idea that comes to my mind? Of course, to sell my crypto assets in order not to miss an incredible, one in a lifetime, opportunity. And what stops me from doing that? It can be for various reasons. Either I don’t want to sell it, because I haven’t received the profit from my investment yet, or the market has gone to a correction and my assets currently are worth less than I had invested, or the funds available in cryptocurrency are not enough to cover my expenses.

One more significant reason not to sell my crypto assets is that it is hard to find an exchange where you can sell crypto for fiat money and withdraw them directly to your bank account or credit card. And even if there are such opportunities, the commission price for such exchange and withdrawal is very high. And I just can lose a decent part of my funds.

And what do I do then? More frequently I just give up my dreams and lose an excellent opportunity because cryptocurrency is still not that liquid and free circulating as traditional money in our day-to-day life. But today everything has changed because I found a great solution to this problem. And its name is Nexo.

Nexo overdrafts unlock the value of your crypto assets

Nexo is an innovative financial platform providing instant crypto overdrafts. Unlike other credit institutions, banks or companies, it has a very beneficial lending mechanism, which substantially differs from traditional loan offers. Nexo aims to create such an environment where cryptocurrency could be fast and easily exchangeable to traditional national currencies, and subsequently, to other goods of our world.
Nexo is accepting as clients every crypto holder and investor, miners, exchanges, hedge funds, crypto companies etc.

How it works?

Nexo’s business model is transparent and extremely easy to understand. In order to be eligible for an overdraft, everything I have to do is:

• to create an Overdraft Wallet and transfer my cryptocurrency on it;
• receive instant overdraft via bank transfer, or on my credit card/Nexo Credit Card;
• repay overdraft (I am not required to make any established monthly minimum repayments);
• withdraw my crypto assets from the Overdraft Wallet.
  Nexo business model’s layout shows that its mechanism is very simple and has no hidden terms or other tricks.

Key benefits of Nexo Overdrafts:

1. all the overdrafts are based on transparent blockchain contracts;
2. clients don’t need to undergo any exhausting credit checks; all the overdrafts are guaranteed;
3. clients don’t need to pay any commissions, exchange fees or taxes;
4. clients always retain ownership of their crypto assets;
5. quick access to the granted cash;
6. clients who keep NEXO tokens in their overdraft wallets, receive discounts on their interests and can be entitled to dividends.

Thus, under the Nexo Overdraft terms, I put my cryptocurrency into my Overdraft Wallet where it will be stored safe and sound until I will repay the received overdraft. Meanwhile, I instantly receive real money on my bank account or credit card and can spend them as I wish. While I am repaying overdraft my crypto assets gain value as if I would keep them at an exchange account or my personal crypto wallet. It means that using Nexo Overdrafts I’m not quitting “the game”. I still keep my assets and receive profit from their growth.

The pleasant moment of the cooperation with Nexo is that it establishes low interest rates on overdrafts. For instance, if I receive 10.000$ for a month period, I have to return the amount received and 100$ of interest. If I am taking such an overdraft for a year, I’ll have to pay ~662$ of interest. And that’s, I consider, is not that much.

One more appealing capability of Nexo business model is that I can always repay my overdraft with my crypto assets’ profit. If during the overdraft period my crypto assets grow, I can order Nexo to sell part of my assets in order to cover my commitments.

The distinguished advantage of this platform, in my belief, is that I don’t lose ownership of my crypto assets. The only occasion when I can lose my cryptocurrency is if I refuse to repay my overdraft, which can happen only if I find myself in a very difficult financial situation. Well, you never know. This is life, anything can happen. In that case, my cryptocurrency will ensure overdraft repayment. Yes, I will lose my investments, but that loss would be no worse than if I sold my cryptocurrency to cover my expenses in the first place. My crypto would be gone, but the opened opportunities achieved anyway.

Personally for me, Nexo is not a win-win solution. It’s either a win or no-loss solution. And that’s anyway worth trying because it is the only way to get the money needed now and preserve the crypto assets.

Why should I trust Nexo?

Sure thing, nobody is going to take advantages of company’s services if there’s no trust. I am not an exception. That is why I tried to make a little research on Nexo.

Most of the companies and startups appearing today on the market are new and obscure. Behind them stay unknown people and technologies. But Nexo is not one of them. This is the company with long history, achievements and reputation.

Nexo is a product of a European well-known FinTech Group, specializing in e-commerce financing and instant online consumer loans called Credissimo. It is a leading company in online lending in such European countries as Bulgaria, Romania, Poland, Macedonia, Spain and even Colombia. Credissimo has more than 10 years of successful and efficient provision of services in their sphere, as well as the trust of their numerous customers. It proves the impressive number of loans granted to its clients – over 120 million Euro. Moreover, Credissimo is a regular subject to multiple appreciations, recognition, and awards. It reached the Top-10 Alternative Finance companies of 2017, Fintech Innovations leader in Bulgaria, Award for social responsibility and others.

Considering that Nexo team is presented and managed by the co-founder of Credissimo and other professionals in banking and finance industries, I have all the reasons to believe in Nexo’s honesty, transparency, and reliability.

For me, as an international lawyer, the positive aspect is that Nexo is based in the European Union, and as Credissimo itself is under the constant supervision of European Bank and Financial Services Regulative institutions. As we all know the EU regulators are very serious guys, which provide strict control and constant supervision of local business entities’ activities.

One more argument in favor of Nexo Overdrafts is its independent assessment by websites, providing ICO ratings. Exploring some of them I found that Nexo has quite high rates. ICObench estimates this project 4,2/5; ICOmarks – 9,3/10; TrackICO – 4,1/5.

Therefore, so far I have no serious grounds to consider this project a scam or something else unreliable.

Summarizing all the above mentioned, it is worth saying that Nexo is a very profitable solution for those who need money, but can’t unlock the real value of their crypto assets. Nexo gives an opportunity to receive cash instantly, spend it on whatever you want, save your investments, continue to be an active “player” on the crypto market, and avoid payment of high fees and taxes. Thanks to this collaboration you can stop sacrificing your opportunities because with Nexo overdrafts you can take them all.

Of course, somebody fairly will note that Nexo will earn more than it gives us. But pal, this is how all the banks and financial lending platforms work. The important thing is, that both parties will receive what they want.

More Information & Resources:

Nexo Website
Nexo WhitePaper
Nexo YouTube
Nexo Medium
Nexo Facebook
Nexo Twitter
Nexo Telegram

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