Nexo overview

Dear Uptrennd community, I would like to present to you a project I recently came across. The project is called Nexo. Nexo is a crypto lending provider with an operating region of more than 200 countries. I recently made an account there, and I want to share that I am surprised how smooth and user-friendly is the platform. Users can deposit one of the most popular cryptocurrencies such as Bitcoin, Litecoin, Ethereum, XRP, Stellar, Tron, and BNB and receive a credit line immediately. There is an integrated calculator in which every user could calculate what credit is possible for a specific crypto asset. For example, if you have 1000$ in Nexo tokens and want a crypto loan, you get instant 142$. You can choose the type of crypto your loan will be received. Another great benefit is you can earn interest on stable coins - USDT, TUSD, DAI, PAX with 8% per year.


There are many other features which are about to be integrated and fully working soon.


Share your thoughts in the comments about the Nexo token, platform, and do you use it.




Disclaimer: I do hold NEXO tokens because I believe in the project. I DO NOT have any legal or financial relations with the Nexo company.

COMMENT

5

Fred Blauer
04 Jul

Very good defi project. But in my opinion, Celsius is even better for several reasons. For one thing, it is larger and has more assets under management. And you are able to lend bitcoin which you cant do on nexo, which only supports lending f stable coins last time I checked. Also the rates are better on Celsius especially if you opt to get paid in Cel tokens. There are other reasons which I dont have time to go into right now

22

preview not available Ilin Kazandzhiev
04 Jul

Thank you for your feedback! Actually lending BTC on Nexo is on the verge of releasing :)

28

preview not available Luke Brenland
04 Jul

Without a doubt this will end up being a huge sector on its own! Lending is a huge money maker and it was only a matter of time before projects started releasing serious platforms and processes for it.

Thanks Ilin :)

22

preview not available Ilin Kazandzhiev
12 Sep

They are expanding once more :)

23

preview not available Elena Demou
04 Jul

I'll look into this, I've never really checked this out before...

22

preview not available Ilin Kazandzhiev
12 Sep

Nice place to have 8% passive income :)

24

preview not available Shadda 🇵🇰
04 Jul

Wow great rewiew sir thanks for nexo

22

preview not available Ilin Kazandzhiev
12 Sep

You are always up to date, thank you and keep it 1UP :)

19

Juliet Mafi
04 Jul

Nexo sound interesting, this features you mention arreally good

22

preview not available Ilin Kazandzhiev
12 Sep

Thanks, I use them, they are really good :)

COMMUNITY DETAILS

NEXO - Crypto-backed Loans

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The World's First Instant Crypto-backed Loans.

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