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Review on Nexo by John Bi
Overall, I see the Nexo project as an amazing project that will survive the…
Overall, I see the Nexo project as an amazing project that will survive the current bear market and skyrocket when a new bull market begins. Nexo is a good project to invest in because the lending business using crypto as collateral is very profitable and almost risk-free. When prices of crypto fall, Nexo is able to liquidate the crypto collateral before they incur any losses. This way, the company remains profitable and will continue to reward token holders.
Pros
- I like Nexo because it is a SEC compliant security token. By this, I mean the company has not tried to circumvent securities laws. Nexo is a pioneer in lending with crypto as collaterals. It is currently able to provide loans in more than 40 countries. To cap it all, Nexo has started paying dividends to holders of Nexo token. It is amazing that a company that started 6-8 months ago is already paying dividends right in the middle of a crypto bear market.
Cons
- I would like Nexo team to communicate delays in the project much faster. I know that delays are common in crypto projects but at the same time, the team should not wait till the last minute before making an announcement that there will be delays. This delayed communication is a weakness with the Nexo team.
