It is our great pleasure to announce that the third Nexo Dividend will be paid out to NEXO Token Holders on August 15, 2020.
Distributing our third dividend is the icing on the cake for what has been an exciting few months. More than just a payout, the Nexo dividend reflects our commitment to rewarding our greatest supporters, the NEXO Token Holders, for their trust and ownership.
Nexo periodically and proportionately distributes 30% of its profits to NEXO Token Holders, with the previous dividend payout — of US$2,409,575 — distributed on August 15, 2019. A first, interim dividend of US$912,071 was paid out on December 15, 2018.
The upcoming dividend amount, to be communicated on the August 5, 2020 ex-date, reflects Nexo’s growing profitability.
Important Information
To receive dividends, NEXO Token Holders must stake their tokens on the Nexo platform by the ex-dividend date — August 5, 2020.
Nexo’s Dividend Distribution policy applies to the upcoming payout, splitting it into Base and Loyalty Dividend Payments.
- Base Dividend — paid out to all eligible token holders proportionally to their NEXO Token holdings.
- Loyalty Dividend — paid out individually for each NEXO Token based on how long it has been in the Nexo Wallet from one ex-dividend date to the next. The share of the Loyalty Dividend will be no less than 1/3 of the total dividend amount.
NEXO Token Bonuses
NEXO Tokens bring considerable bonuses to holders:
- 50% credit line interest discount when staking enough NEXO in the Credit Line or Savings Wallet to cover the interest accrued.
- 50% credit line interest discount when using NEXO Tokens as collateral.
- 25% higher interest on assets when at least 10% of a client’s Savings Wallet comprises NEXO Tokens.
New staking benefits, to be announced soon, will add even more value to the NEXO Token.
The Latest from Nexo
This year has been full of achievements for Nexo. Only last week, we launched Earn on Crypto — the ultimate earn product that enables clients to get up to 5% interest on BTC, ETH, XRP, XLM, LTC, BCH, EOS, and up to 10% on stablecoins and fiat.
Nexo also recently added USDC as a withdrawal option for the Instant Crypto Credit Lines™ and expanded our PAXG-backed credit for retail clients.
We are thrilled to share our success with you once again and thank you for joining us as we drive the future of digital finance.
