Header banner
Revain logoHome Page
Danh Huỳnh Ngọc Công photo
Vietnam
1 Level
167 Review
416.5 Karma

Review on Nexo by Danh Huỳnh Ngọc Công

Revainrating 4 out of 5

NEXO - a trusted platform for passive incomes

Nexo is a trusted platform made by the well known entrepreneurs in Europe giving the service of receiving the passive income from their holdings on this platform. It is secured by the technologies of many big companies and the participants are well verified. However, profitability is the issue that needs to be calculated carefully before any investment decisions.



Updated 5 years ago
Rating has not been changed
Positive point: The platform supports nine languages to give the support to customers coming from many countries in the world



Pros
  • - The team behind Nexo is very huge. They have very much experience in various businesses, especially Fintech. In this field, they have serve millions of people across Europe for ten years. The competence of the team is verified by organizations such as Deloitte, and many European Banking and Financial Services Regulators
  • - Nexo project is guided with multidisciplinary expertise from famous advisers such as the leaders of Techcrunch (a Amerian online publisher) or Polymath (a network for security tokens)
  • - The platform issued its own token called NEXO token, which is the first loan-backed cryptocurrency to be accepted by SEC from the US. NEXO token holders will receive a portion from the company profits as a passive income. Also, the holders will enjoy some other features such as discounted rates for them on the Instant Crypto-backed Loan or the acceptance of NEXO tokens as a collateral on its own plaform. By the time, the list of features will go on and on
  • - Users can use the service anytime and anywhere; additionally, the service will operate instantly and provide the premium experience that users have never had with other loan plaform
  • - Nexo has established with to many famous companies to push the performance of the platform. For example, BitGo ensures the security of the platform and protect all the assets while Onfido enhance the quality of the KYC/AML proceses on the platform. All are trusted widely by the big organizations in blockchain industry
  • - It asks for no fees when you want to request for their services so it can help to save a lot compared to the traditional services
  • - It is available on both PC and iOS platform so the users can easy monitor the performance of their services. This gives the convenience when users are on the go
  • - It has been promoted on many big cryptocurrencies news websites such as Bloomberg, Yahoo! Finance, Cointelegraph, Coindesk and Reuters
Cons
  • - Users must pass the verification before being able to use the full service on this platform. This is a must to prevent any threats and frauds but it is not so right for a decentralized world like blockchain industry
  • - If we do calculation, the profitability may be not ideal for the holders with small assets. Only big "whales" with strong loans will get much money from this
  • - Users must consider the opportunity cost of holding your assets on Nexo platform and that of trading or investing the same assets

Similar reviews