We are thrilled to announce that Nexo’s third consecutive dividend distribution amounts to $6,127,981.39, an impressive 154.32% growth over the second dividend. Dividend payments will be made to eligible NEXO Token Holders of record on August 15, 2020.
“We are a global scale-up with investments into new products and expanding marketing, yet our sustained profitability already unequivocally showcases Nexo’s advancement in and resilience to what could be the toughest market conditions since the Great Depression. We are thrilled to be able to give back so much to our community of NEXO Token holders who made the conscious choice of letting us guide them through the challenges of 2020,” said Antoni Trenchev, Nexo’s Co-founder and Managing Partner.
Despite significant market correction and respective liquidations that temporarily affected the size of our loan book, Nexo caught up promptly its growth pace in the following months. As the industry leader, we continued to set the benchmark for bespoke services to our community, while protecting both those enjoying the highest savings rates via our ‘Earn Product’ as well as those using our tax-efficient instant crypto credit lines. Nexo has gone from strength to strength with recent achievements, including but not limited to:
- The launch of the much-anticipated Earn on Crypto for a growing number of digital assets
- Lowering lending rates to the lowest in the space - starting from just 5.9%
- Integrating new assets as available collateral options in our Instant Crypto Credit Lines™, including the world’s first loans against tokenized Gold
- Partnering with key industry participants, such as Circle’s USDC and Chainlink
- Launching our brand new website
In these most challenging times when the S&P 500 earnings are set to plunge by 60% this quarter and even industry giants cut their dividends by up to 57%, Nexo’s sustainable business model creates a beacon of stability that continues to grow and draws in more people into the Blockchain ecosystem, paving the way to wider adoption in a trustworthy and financially viable way.
With cryptocurrencies rallying across the board and outperforming any other asset class, we are beyond excited for the prospects of the future - this truly is the most fertile environment for Nexo to shine bright to its fullest potential.
The printing machines of the central banks of the world are working overtime and Bitcoin and crypto cannot be stopped. Nexo is there for you, always listening to you and delivering effective, tailor-made services to cater to all your financial needs as digital assets continue to gain importance in our lives.
We are pioneers in this together - thank you for being a member of Nexo’s family and a part of our continued success.
