Review on Nexo by Saparov Meylis

Nexo is committed to providing instant loans to anyone through collateralizing digital assets. Users in need of credit will lock their cryptocurrency and receive immediate cash to spend on their Nexo credit card or their own bank accounts via the same bank transfer the next day.

The Nexo credit card is free for project users and does not charge any additional fees. The credit limit is tied to the market value of the digital assets in the user's wallet, and the user can pay off their outstanding balance using fiat, a percentage sale of digital assets in their wallet, or NEXO tokens.

Redemptions using NEXO tokens offer the user a discount on interest. Nexo credit card also does not require a minimum monthly payment as long as the outstanding balance is within the credit limit.

The platform is equipped with the Nexo Oracle system, which will be responsible for all aspects of the platform.

Nexo Oracle is an automated system that uses big data analysis, self-adjusting algorithms and predictive models to regulate the project environment and provide analytics. It will handle wallet maintenance, data analytics, automatic notifications, real-time asset monitoring, fund allocation and redemption analysis for its users.

The diagram below explains the project's business model in a nutshell.

It is clear from the outset that the NEXO token will be a security token.

They classify their token as an SEC compliant, securities compliant asset-backed security token with useful features.

30% of the project's profits will be shared with the holders of NEXO tokens in the form of dividends paid monthly in ETH. NEXO tokens are backed by the underlying assets of the project's overdraft portfolio.

The NEXO token complies with Regulation D of Law 506 (c) of the US Securities Act, and token holders will receive a 30% dividend from the project's profits, paid monthly in ETH and distributed pro rata to all NEXO token holders. As with securities, the project tokens are backed by the underlying assets of the Nexo overdraft portfolio.

In terms of utility, NEXO tokens will offer token holders to receive a discount on the repayment of interest on their overdrafts when paid using tokens. The amount of the discount is not specified. Eventually, users will also be able to secure NEXO tokens to fund overdraft on the platform.

Nеxo is a publicly traded company with a 10-year history, operations in several countries, growing and profitable. Very few ICO projects are supported by a company set up like Credissimo. This demonstrates the ability of the team.

Nexo is also advised by respected tech and blockchain entrepreneurs who can open doors for a company to seek partnerships.