WHAT IS NEXO ?
Nexo is a platform to earn interests on your crypto, and a place to borrow some cash. Simple as that. It offers a large type of coins, from BTC to ETH, from XRP to USDC, and a lot of more. But have a better look to the header on their account home page.
Just deposit one of the supported crypto and start earning interests daily on your account! You can choose flexible deposit or fixed term deposit, 1 or 3 months, it depends on which type of coin you want to have a fixed term. this is how the APR looks at Platinum level, if you chose to be paid in NEXO token (2% more) :
As you can see, you can earn UP TO 12% on Stablecoins and FIAT, and UP TO 8% on different type of cryptos. Now let's have a look at the available memberships and at the different types of benefits/APR :
So now some of you can ask "Hey, If i choose NO fixed terms, NO nexo token and NO memberships, HOW MUCH CAN I EARN?
CRYPTO : 4%
FIAT & STABLECOINS : 6%
PAID OUT DAILY.
That's the coolest thing. You can choose to leave NEXO from one day to another and you can carry with you the total interests earned up to that day. If I have to be honest, I chose to be paid in NEXO token on every asset I have deposited, I really love their platform, trusted and operating since 2017.
Furthermore, the platform pays dividends on the NEXO tokens we own! Once every year, normally in August.
AND WHAT ABOUT BORROWING?
For today it may be enough, in the next article I will explain HOW to request a collateralized loan, the interest rates for the repayment and everything else.
THANK YOU FOR YOU ATTENTION :)
As usual, write on the comment section your opinion, your questions and whatever you want to know more. Peace <3
