[Crypto projects](https://revain.org/projects/) › NEXO

# NEXO: how it works, supply and reviews

Exchange token

## In short

- **Type**: ERC-20 token on Ethereum (18 decimals); not a separate blockchain
- **Maximum supply**: 1,000,000,000 NEXO total supply
- **Risks and caveats**: NEXO's utility depends on the Nexo platform, a centralised company that holds client assets in custody.
- **Checked**: 28 October 2026

## Key facts

- **Ticker**: NEXO
- **Category**: Exchange token
- **Network**: token on Ethereum
- **Official site**: [nexo.com](https://nexo.com/)
- **Whitepaper**: [nexo.io/assets/downloads/Nexo-Whitepaper.pdf?=1](https://nexo.io/assets/downloads/Nexo-Whitepaper.pdf?=1)
- **Source code**: [github.com/nexofinance/NEXO-Token](https://github.com/nexofinance/NEXO-Token/)

Data: CoinGecko, 2026-10-27. Only projects that still trade with meaningful volume are listed.

## What is NEXO

NEXO is the ERC-20 token of Nexo, a centralised platform for buying, earning interest on and borrowing against digital assets that has operated since 2018. Holding NEXO relative to the rest of a portfolio places a client in Nexo's Loyalty Program tiers, which set rates and perks on the platform.

## Network and consensus

| Parameter | Details |
|---|---|
| Type | ERC-20 token on Ethereum (18 decimals); not a separate blockchain |
| Runs on | Ethereum |
| Launched | 2018, together with the Nexo platform |

## Supply and issuance

| Parameter | Details |
|---|---|
| Maximum supply | 1,000,000,000 NEXO total supply |
| Initial distribution | Sold in an initial coin offering (ICO); Nexo says almost all proceeds funded clients' crypto-backed loans |
| Buybacks | Nexo launched its first token buyback programme, of $12 million, in 2020 |

## What NEXO is used for

- Determines a client's Loyalty Tier on Nexo, based on the share of NEXO held against the rest of the portfolio.
- Higher tiers receive higher savings rates, lower borrowing rates and crypto cashback on eligible purchases.
- NEXO held in Nexo Savings and Credit Line wallets can itself earn interest on the platform.

## Who develops and governs NEXO

- **Company**: Nexo, a centralised digital-asset wealth platform operating since 2018
- **Legal entity**: Nexo Capital Inc. (named in the 2023 SEC order)
- **Governance**: No on-chain governance; the token and platform are managed by the company
- **Open source**: Token smart contract published on GitHub under the Apache 2.0 licence

## History

| Date | Event |
|---|---|
| 2018 | Nexo platform launched with a crypto-backed credit line; the NEXO token was issued. |
| 2020 | Loyalty Program introduced and first $12 million token buyback launched. |
| 19 January 2023 | Nexo settled SEC charges over its US Earn Interest Product, agreeing to $22.5 million to the SEC and $22.5 million to state regulators. |
| 2024 | Nexo ran its largest airdrop of NEXO tokens. |
| 2026 | Nexo returned to the US market through regulated partners. |

## Security and audits

- Nexo states it uses multiple custodians, including Ledger Vault and Fireblocks, for client assets.
- Nexo reports SOC 2 Type 2 certification and ISO/IEC 27001 accredited information security management.

## Official NEXO contracts

| Network | Contract address |
|---|---|
| Ethereum | [0xb62132e35a6c13ee1ee0f84dc5d40bad8d815206](https://etherscan.io/token/0xb62132e35a6c13ee1ee0f84dc5d40bad8d815206) |

Official contract address as published in the Nexo Help Center.

## Risks and caveats

- NEXO's utility depends on the Nexo platform, a centralised company that holds client assets in custody.
- In January 2023 the SEC found Nexo's US Earn Interest Product to be an unregistered security offering; Nexo settled without admitting or denying the findings.
- Nexo services and some assets are not available in certain jurisdictions.

## Official links

- Website: [nexo.com/about](https://nexo.com/about)
- Docs: [support.nexo.com/article/nexo-token-faq](https://support.nexo.com/article/nexo-token-faq)
- Source code: [github.com/nexofinance/NEXO-Token](https://github.com/nexofinance/NEXO-Token)
- Block explorer: [etherscan.io/token/0xb62132e35a6c13ee1ee0f84dc5d40bad8d815206](https://etherscan.io/token/0xb62132e35a6c13ee1ee0f84dc5d40bad8d815206)

## Questions and answers

**What is the NEXO token?**

NEXO is the ERC-20 token of the Nexo platform. The share of NEXO a client holds sets their Loyalty Tier, which affects rates and perks on Nexo.

**What is the total supply of NEXO?**

The total supply is 1,000,000,000 NEXO.

**What blockchain is NEXO on?**

Ethereum, as an ERC-20 token at 0xb62132e35a6c13ee1ee0f84dc5d40bad8d815206 with 18 decimals.

**Has Nexo faced regulatory action?**

Yes. In January 2023 Nexo Capital Inc. settled SEC charges over its US Earn Interest Product, paying $22.5 million to the SEC and $22.5 million to state regulators.

**Is the Nexo Card a credit card?**

It works in two modes: Credit Mode spends against a crypto-backed credit line, Debit Mode spends crypto from the account. The user can switch between them at any time.

## Nexo Card

| Parameter | Details |
|---|---|
| Type | Dual-mode card: Credit Mode (spending against a crypto-backed credit line) and Debit Mode (spending crypto directly), switchable at any time. |
| Credit Mode | Credit Mode spends from a crypto-backed credit line; Nexo states there are no credit checks and no fixed repayment schedule. |
| Issuer | Issued by DiPocket UAB. |
| Card network | Mastercard (trademark notice on the card page). |
| Availability | Only for citizens and residents of selected European countries, including the EEA and the United Kingdom, after identity verification. |
| Card fees | No monthly, annual or inactivity card fees (as of 31 October 2026). |
| FX fees | Foreign transaction fee on weekdays 0.2% in EEA/UK/CH and 2% elsewhere; on weekends 0.7% and 2.5% (as of 31 October 2026). |

Checked: 31 October 2026 · [nexo.com/crypto-card](https://nexo.com/crypto-card)

## Sources

- [CoinGecko — NEXO](https://www.coingecko.com/en/coins/nexo)
- [Nexo Help Center — NEXO Token FAQ](https://support.nexo.com/article/nexo-token-faq)
- [Nexo — About](https://nexo.com/about)
- [Nexo — Loyalty Program](https://nexo.com/loyalty)
- [Nexo — NEXO Token page](https://nexo.com/nexo-token)
- [Nexo — NEXO-Token GitHub README](https://raw.githubusercontent.com/nexofinance/NEXO-Token/master/README.md)
- [U.S. SEC — Press release 2023-11 (Wayback Machine snapshot)](https://web.archive.org/web/20230120000000/https://www.sec.gov/news/press-release/2023-11)

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Page updated: 2026-10-31

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Source: https://revain.org/projects/nexo/