NEXO: CRYPTOCURRENCY OVERDRAFTS, A WELCOME ALTERNATIVE TO LIQUIDATING DIGITAL ASSETS.
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We live in a world where ideas rule. Ideas need financing, and we are in an age when financing methods are anything but monotonous. Quite frequently, new methods of raising funds emerge, and it keeps getting better.
Right at our doorsteps is NEXO, the world's first instant crypto overdrafts.
NEXO is a platform that offers instant cryptocurrency overdrafts. This means that owners of digital assets no longer have to sell off their assets in order to raise funds. This is possible because NEXO allows users to use their cryptocurrency as collateral to instantly access an overdraft up to its market value without credit checks, exchange fees, taxes or hidden fees.
This enables users to maintain their current positions in the crypto market, while able to maximize opportunities and meet obligations.
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Unlock the value of your digital assets
By placing your digital assets in an 'Overdraft wallet', you are guaranteed an instant cash overdraft in fiat currency or any cryptocurrency that you choose.
This cash can get to you through bank transfer, by using a NEXO credit card, or cryptocurrency. With NEXO, you get the value of your digital assets for free.
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There are no hidden charges to be incurred, no taxes, no exchange fees. The NEXO oracle is automated to tell exactly how much your crypto is worth, so you can get just the equivalent of your deposit. What's more, as the value of your crypto deposit increases, the amount of overdraft you are able to access, increases.
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Quick and convenient access to financing
NEXO offers an opportunity for clients to access cash with great ease and convenience.
With NEXO, you do not need to worry yourself over how possible it is for you to get fiat equivalent for your crypto - or how fast! NEXO helps you access the market value of the cryptocurrency which you would like an overdraft against, and at great convenience for you. This is because of the ease associated with withdrawals. Your money can be sent to you through bank transfer. You can also use your NEXO credit card to access cash up to the amount of crypto you have stored with NEXO. You may also decide to get another cryptocurrency different from the one you have stored with NEXO, in case you need that crypto for a certain transaction.
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Whatever option you decide to use, it's quick, and it's convenient. This is good because converting crypto to cash takes typically a few days or sometimes even months, so, getting an overdraft of the amount you desire to convert at the very time you need it is so juicy.
Retain asset upside potential
Imagine you heard about an upcoming appreciation of your crypto investments, and just when you thought you'd hit a jackpot, the rains come, and suddenly your house needs roofing. Well, what to do? NEXO to the rescue. With NEXO, you can deposit some of your digital assets in an overdraft wallet, and you instantly get an overdraft of the market equivalent of your crypto. Great. You still have your crypto, and you have the money you need. You can repay at a convenient date. It's a win-win situation.
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Based on secure blockchain technology
NEXO's operations are based on secure blockchain technology. You need not worry, your crypto is safe. Nexo Oracle is the core technology behind NEXO. It is an automated system that provides the overdrafts as well as deals with repayments. It is driven by smart contracts, promoting transparency and efficiency. The Nexo Oracle system has multiple components that communicate with one another in order to offer real-time data and overdraft services.
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Overdraft Contracts are stored and replicated on the Blockchain, which makes them immutable and verifiable. The Client's crypto assets are securely stored and can be unlocked by NEXO only if the Client fails to repay the Overdraft.
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No hidden fees
Wth NEXO, you need not fear any hidden charges as there are no taxes to be paid, and no exchange fees. All you have to pay is interest on repayment, and if you will be using NEXO tokens, you will be given a discount on interest. Same happens if you'll be using a NEXO credit card. NEXO tokens are backed by the Overdraft assets portfolio and the investors receive 30% dividends from the company profits.
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Flexible Repayment
The repayment can be arranged in various ways. It can be paid via bank transfer, fiat or cryptocurrency. If the user chooses to pay in Nexo tokens, they will receive discounted rates on the interest fee.
Alternatively, users can pay the balance with a portion of the cryptocurrency holdings they have stored in their Nexo wallet.
IT'S EASY!
Using NEXO is risk free, and is as easy as easy can be. With on-time cash delivery and convenient repayment systems, you're a winner. How to join?
Step 1:
The user puts cryptocurrency into their Nexo overdraft wallet.
Step 2:
The overdraft funds are immediately available via bank transfer or the Nexo Credit Card.
Yeah, it's that easy.
THE NEXO TOKEN
The Private Pre-Sale has been oversubscribed by a factor of 5x and the applications for the Public Pre-Sale Whitelist indicated an 11x oversubscription. Early requests and applications for the Nexo Instant Crypto Overdrafts now exceed $500 million.
NEXO HISTORY
Nexo is powered by Credissimo, which was founded in 2007. Credissimo has over 130 employees, and has processed over 1,000,000 loan applications.
These are the statistics for Credissimo:
- Credissimo adheres to the highest regulatory requirements and has been strictly supervised by multiple European Banking and Financial Services Regulators since 2007.
- Credissimo has received several awards over the years from companies such as Forbes and Ernst & Young, while also reaching Top 10 in Alternative Finance at the European FinTech Awards 2017.
I'm sure you already know which is the winning team by now.
Team:
NEXO - enjoy your crypto wealth today without selling your crypto assets.
For more information visit;
Nexo Website
Nexo WhitePaper
Nexo YouTube
Nexo Medium
Nexo Facebook
Nexo Twitter
Nexo Telegram
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