What is NEXO token and why should you should look at buying it for long term?

Crypto world has become excessively saturated with lot of ICO's , token offerings and airdrops. For many this causes confusion and they end up investing in projects that may live up to their expectations. In a cloud of never ending crypto token and coin launches there are some projects which actually are quite promising but are hidden in plain sight. NEXO is one such token. NEXO is SEC compliant token and that is what make sit unique. You get paid dividends for your holdings. As exchanges and crypto world start warming up to SEC compliant crypto securities it is time that you look at investing a bit of your portfolio in such tokens. NEXO is the world's first crypto currency backed loan lending platform. Now you might think why you must invest in this. Crypto market is growing bigger by the day with current market cap at around 325 billion $ . So if the those who have invested in cryptos use their assets to get loans it is a huge thing. Most investors don't want to sell of their cryptos and wanna hold long term so this will be very interesting offer to them.

Behind NEXO is a European FinTech company called Credissimo with 10+ years in the credit facilitation and has served millions of clients. Nexo now already has loan applications for over $1 billion. Nexo token holders receive 30% of the company’s net profits. Dividends are calculated in USD and paid in your Nexo Wallet in ETH and/or NEXO Tokens and/or USD stable coin, whichever creates greater value for NEXO Token holders at the given moment. What is even more crazy is that they have plans to accquire an FDIC-insured US chartered bank soon.

You can go through more of info provided in the below link.
https://nexo.io/assets/downloads/Nexo-Overview.pdf?=1