Nexo Finance and the NEXO token

Nexo Finance combines professional traditional financial services with a digital platform using cryptographically secure blockchain technology. The Nexo cryptocurrency ecosystem offers a holistic service that extends from lending to obtaining competitive interest rates.

In addition, the platform introduces the Nexo card, a cryptocurrency debit card offering cashback for each purchase. Holders of the native NEXO token receive exclusive loans and interest rates varying between four levels.

In this article, we will look at the Nexo crypto ecosystem and explore the variety of products and services offered. We will also discuss the advantages of owning a NEXO token and how users can use free assets and receive passive income.

What is Nexo Finance?
NEXO Token
Nexo Financial Products and Services
Nexo Crypto Exchange
Nexo Staking
Nexo Crypto Loans
Nexo Card
Security of the Nexo cryptocurrency
Results

What is Nexo Finance?
Nexo Finance is the world's leading digital financial organization offering a range of financial technology services. Nexo Finance uses blockchain technology in an effort to combine professional financial services and digital cryptocurrency assets, thereby introducing innovative solutions to improve the traditional financial sector.

nexo finance

Using the native NEXO token, users of the Nexo Finance platform receive exclusive discounts on loan rates. In addition, NEXO token holders can receive additional income from funds in their personal Nexo wallet. Nexo Finance has received huge recognition from millions of users.

As a global digital credit institution, it has user operations in 200 jurisdictions with over 40 different fiat currencies.

NEXO Token
The NEXO token uses the Ethereum ERC-20 token standard and is completely transparent in the Ethereum blockchain. Transparency is the core value of Nexo Finance. Therefore, users can view the address of the token contract, and its "movements and actions" using Etherscan. Owning a NEXO token opens up many opportunities on the Nexo Finance platform.

nexo token

The NEXO token plays a crucial role in the Nexo Finance loyalty program, which rewards NEXO token holders depending on the percentage of NEXO tokens in the balance of the entire Nexo wallet. The loyalty program is divided into four levels (basic, silver, gold and platinum). Below we will take a closer look at each of these levels.

Basic (NEXO tokens make up from 0 to 1% of your wallet portfolio)

Up to 5% per annum on cryptocurrency
8% per annum on stablecoins
Interest rate 13.9%
Silver (NEXO tokens make up from 1 to 5% of your wallet portfolio)

Up to 5.25% per annum on cryptocurrency
8.25% per annum on stablecoins
The interest rate is 12.9%
Gold (NEXO tokens make up from 5 to 10% of your wallet portfolio)

Up to 5.5% per annum on cryptocurrency
9% per annum on stablecoins
The interest rate is 8,9%
Platinum (NEXO tokens make up more than 10% of your wallet portfolio)

Up to 6% per annum on cryptocurrency
10% per annum on stablecoins
The interest rate is 6.9%
All NEXO tokens in the user's Nexo account will earn interest, even if they are in a credit line, savings wallet or used as collateral. In addition, users can earn an additional 2% of their interest rates if they want to receive interest in NEXO tokens.

In addition, the Nexo Finance loyalty program offers up to five "free cryptocurrency withdrawals per month to an external wallet." In addition, the platform offers free withdrawals of fiat funds and transfers of fiat or cryptocurrency funds to the wallet.

Nexo Financial Products and Services
Nexo Finance is a one—stop shop for all digital finance needs. Regardless of whether you want to take out a loan secured by cryptocurrency, earn interest on idle assets or get cashback for expenses, Nexo Finance can provide you with all this. Below we will discuss the various elements of the Nexo Finance ecosystem and the services available to users.

Nexo Crypto Exchange
Nexo Finance offers a simple fiat entry for users unfamiliar with cryptocurrency. Thanks to the user-friendly graphical user interface (GUI), Nexo Finance offers the opportunity to invest in cryptocurrency using Visa and Mastercard credit and debit cards.

Thanks to the support of more than 40 different fiat currencies, investing in assets such as Bitcoin, Ethereum and NEXO becomes very simple. In addition, due to the lack of waiting time, instant confirmation of transactions and 18 assets for instant purchase to choose from, Nexo Finance is quickly becoming a popular choice for technology newcomers who are just starting to create a portfolio of cryptocurrency assets.

In addition to instant purchase of Nexo Finance, the platform also offers a crypto exchange. At the time of writing, the Nexo cryptocurrency exchange has more than 150 trading pairs. In addition, it offers "fixed-price executions". This means that when placing an order, the asset price will remain unchanged and does not fluctuate depending on the market.

Users of some other exchanges may see price fluctuations of up to 5% when completing a transaction. However, Nexo Finance guarantees that the price you see is the final price.

In addition, when using the Nexo crypto exchange, Nexo Finance uses an intelligent routing system that can simultaneously communicate and calculate the best deals with 10 leading crypto exchanges. Nexo Finance is really proud to offer its users the best deals and prices.

Nexo Staking
Nexo Finance offers competitive returns and interest rates for placing various assets in Nexo Wallet. The project aims to provide users with a reliable source of passive income. All users need to do to start earning daily interest is just to top up their account.

nexo staking

In addition, Nexo Finance offers zero commission for depositing, withdrawing and storing funds. With Nexo FLEX, users can get instant access to the interest accrued on their funds through Nexo's daily payouts. You can withdraw funds at any time.

In addition, Nexo Finance offers flexible earnings rates with bonus interest amounts for fixed conditions. Lock in idle assets for 3, 6 or 12 months with the Nexo Finance platform to receive some of the most competitive interest rates in the industry.

Nexo Finance users can earn up to 12% annual percentage return (APY) on NEXO stablecoins and tokens. In addition, for a limited time, Nexo Finance offers 17% per annum on Polkadot (DOT) shares on the platform. Thanks to high-level cryptographic security, users have full control over their funds at any time.

Nexo Crypto Loans
Nexo Finance offers users the opportunity to borrow using their crypto assets as collateral. The platform provides automatic approval without a credit check. Users can deposit their cryptocurrency and borrow from $50 to $2 million in stablecoins, and then exchange their stablecoins for more than 40 different types of fiat currencies.

Without monthly payments, users can repay their loan at their discretion using either crypto assets or direct deposits in fiat currency. Further, this can be done either through several partial payments, or through one full payment. Loan rates vary depending on the level of the Nexo Finance loyalty program, from 13.9% per annum for the basic level, and up to 6.9% per annum for the platinum level.

Nexo Card
In addition to digital financial services in the app, Nexo Finance is introducing one of its latest products — the Nexo crypto debit card. Thanks to the partnership with Visa, the Nexo card is available for use by more than 40 million users worldwide. Nexo Finance also does not charge any monthly or annual fees, or foreign currency exchange fees, as payments are available in the local trading currency.

The Nexo card is available in the form of virtual and virtual cards. To get a Nexo card, all you have to do is select the "Map" tab in the Nexo app. Then you just need to enter a few personal details, and Nexo Finance will take care of the rest.

With a Nexo card account, users get exclusive access to other free virtual cards. In addition, Nexo cardholders receive 2% cashback for each transaction. Users can receive cashback either in Bitcoin (BTC) or NEXO tokens.

By creating a Nexo card account, users receive instant notifications of transaction confirmation with the ability to freeze and unfreeze Nexo card actions with a single click. This is done to ensure the security of the card. In addition, users can check the balance of their Nexo card at any local ATM.

The security of the network, funds and transactions is of paramount importance for Nexo Finance. In this way, they really invest in their security measures to guarantee clients the security of their assets and investments.

Security of the Nexo cryptocurrency
Nexo Finance is aware of the risks of providing digital financial services, working with a combination of centralized and decentralized technologies.

nexo security

In addition, Nexo works together with partners as the leading regulatory compliance authorities to protect user funds, through rules that comply with KYC and AML standards. This includes working with Jumio, which is popular thanks to collaboration with companies such as HSBC, Oracle and Microsoft.

Nexo Finance claims to hire experienced employees for whom "cybersecurity" is not an empty word. In addition, Nexo Finance has a team of insurance partners that protects up to $ 375 million of user funds. This includes Ledger Vault and BitGo.

Nexo uses "256-bit military-grade encryption" to protect users' asset storage. In turn, this provides full flexibility and access to funds, refraining from third-party providers, which guarantees the security of users' assets.

In addition to the aforementioned security methods, Nexo Finance provides several additional security measures in the Nexo mobile application itself. This includes biometric identification (fingerprint or face recognition), two-factor authentication (2FA), as well as email and SMS text verification.

In addition, Nexo Finance will alert users every time they log in, and send email confirmations before withdrawing funds from the account. The application also uses the BitGo enterprise solution, which provides a Level 3 cryptocurrency security standard (CCSS Level 3).

Any confidential data in the application complies with strict protection and privacy laws. This is achieved by using Secure Socket Layer (SSL) encryption technology.

Another partner of Nexo Finance is the accounting and consulting firm Armanino, which increases the transparency of the network. Using the Proof of Reserves assessment, Nexo Finance users will soon be able to view real-time attestation of assets under Nexo's control.

Results
Since its establishment in 2018, Nexo Finance has been one of the world's leading providers of digital financial services. Thanks to the core values of inclusiveness, efficiency and transparency, Nexo offers completely transparent and easy-to-use financial instruments.

Moreover, without a credit check and using an excessive collateral model, anyone anywhere in the world can take out a loan secured by cryptocurrency. This opens up many opportunities for people who find it difficult to access traditional financial services.

Nexo Finance fully complies with security standards and is available in more than 200 local jurisdictions. Therefore, it is not surprising that Nexo Finance is a popular choice of individual traders and organizations. Focusing on a wide demographic group of users, the project offers users exclusive rates and opportunities.

Nexo loans are fully flexible, with the possibility of repayment in various crypto or fiat currencies. In addition, without automatic repayment of the loan, users can choose to repay the loan within a certain period of time or in the form of a single payment.

Nexo Finance presents a number of digital financial products and services that are more attractive, affordable and profitable than traditional alternatives.