Nexo (NEXO)

Cryptocurrency backed loans

#73

Marketcap Ranking

0.135629 (11.7%) arrow_drop_up

Market Price (24h change)

75,952,157

Total Market Cap

2.3

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info_outline What is Nexo

2.3

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Nexo Short Description

Nexo delivers the World’s First Instant Crypto-backed Loans, thus resolving a crucial inefficiency for the crypto world. Up to this very moment, no alternatives existed for digital asset owners to enjoy their crypto wealth except selling them. The innovative model of Nexo brings to the crypto community the best of both worlds - retaining 100% ownership of their digital assets while having immediate access to cash.

The Instant Cryptobacked Loans are an automatic, flexible and cost-efficient way of obtaining liquidity that is secured by the value of the client’s digital assets. The whole process is completed in just a few simple clicks. No hidden fees, no capital gains taxes, no credit checks. Transparency is guaranteed through the use of blockchain technology, smart contracts and algorithmic processes executed by the Nexo Oracle.

The Nexo platform is live and is delivering millions of dollars worth of loans to thousands of clients in 45+ fiat currencies and Tether (USDT). Current collateral options include BTC, ETH, XRP, LTC, NEXO, TUSD, and the BNB Coin. No less than 10 new collateral options will be chosen by the crypto community to be added trough 2019..

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Nexo Explanation Video

NEXO | How To Take Loans, How To Repay, And Interest | TheKinGeeK

In this video I explain how to take loans and repay on NEXO.io platform. I also take a bit on how low NEXO interest on your loans are. NEXO Main site: ...

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Screenshot from Website

nexo.io
Nexo Websitemore_vert

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Website Informationclose

Organization: Unknown
Name: Unknown
Country: Unknown
City: Unknown
Zipcode: Unknown
Address: Unknown
Mail: Unknown
Creation date: 2018-01-11
Expiration date: 2025-01-11
Nameserver: JESSICA.NS.CLOUDFLARE.COM

build Nexo Product Analysis

3.2

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Nexo Whitepaper

Nexo wants to build The World’s First Instant Crypto Overdrafts. Powered by Credissimo - A Leading FinTech Group serving millions of people across Europe for over 10 years.


The whitepaper of Nexo is 52 Pages long.

The most influencial keywords are: Nexo, Loans, Market, Assets, Technology, Blockchain, Crypto, Tokens, Tokenization, and Tokenized.

file_downloadOpen Whitepaper
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Nexo Competitors

  • 1.) SALT

    SALT - Secure Automated Lending Technology allows you to keep your bitcoin, ethereum & crypto and get your cash. SALT streamlines every step of the loan. We've simplified the application process by focusing on the value of the borrower’s blockchain assets instead of their credit score.

  • 2.) Aave

    Decentralized Lending on Ethereum Network - Lending Ethereum

  • 3.) Ripio Credit Network

    A peer-to-peer credit network protocol based on co-signed smart contracts

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Nexo Product Analysis

The exact founding date of Nexo is unfortunately not that clear. Its source code was released publicly on github on April 2018 under the Apache License 2.0 license.
Organization wise, Nexos Development is Centralized and is being developed under the lead of Antoni Trenchev.

The consensus on which the Nexo network is run is called Not mineable, while the underlying algorithm is called None.
In the current state of Nexo currently is Only token

group Nexo Community Analysis

2.8

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Nexo Communities & Events

Nexo - The World's First Instant Crypto Credit Lines Over the past 10 years, we have been providing instant loans to millions of people across Europe. We believe that the expanding digital world helps improve our lives. We would like to contribute by providing a solution for how to enjoy your crypto wealth today without selling your crypto assets.

view_list r/nexo Subreddit
person 3,148 Subscribers
directions_run 32 Active Users
create 1 Daily Posts
speaker_notes 10 Daily Comments
linkOpen Subreddit

www.monero-classic.org

view_list MoneroClassic Channel
person 679 Members
directions_run 22 Online
linkOpen in Telegram

Official Twitter account for Nexo

view_list @NexoFinance Channel
person 47,876 Followers
01.22.2020
17:08
We are thrilled to be among the finalists in the #Crypto category in this year’s Product Hunt Golden Kitty Awards!⏳Voting closes on January 25th and we will be very happy to receive your support! So Game On &🤞🏼Fingers Crossed! https://t.co/gCcbWHAsAX https://t.co/jSQlzqMxOG 132 favorite
01.20.2020
16:56
As promised, it’s presents time! 🎁 Congratulations to the 3 lucky winners of the promised $100 in #BTC from our Giveaway Campaign! https://t.co/yBlrDvRSWS https://t.co/QbIEcpalpy https://t.co/RwKNEz4PQf DM or contact us for more info on how to claim and receive your prize! https://t.co/ABsPCVwY63 72 favorite
01.17.2020
16:32
A deep dive by an expert is always essential for a thorough business‘ analysis. Thank you @cointradernik for the comprehensive report on Nexo‘s fundamentals, value proposition, significant metrics, developmental progress and the token‘s price history! Read more here: #Nexo https://t.co/nsoY6Mv14q 92 favorite
01.15.2020
17:33
We are excited to announce that EOS is the newest collateral option for Nexo’s Instant Crypto Credit Lines™! #EOSAlliance Co-Founder @brockpierce explains how to maximise the utility of your #EOS tokens and get instant access to cash without selling them. 154 favorite
01.14.2020
15:29
Nexo is thrilled to be a platinum sponsor of the first London-based conference focused on the institutionalisation of digital assets #DASLondon alongside global finance leaders like @Citibank, @Fidelity, @BpifranceAbroad & more. @BlockWorksGroup https://t.co/dz72MZIIdr #Nexo 130 favorite
01.08.2020
14:24
The HODLdays aren’t over just yet! Congratulations to k****c*******1***@mail.com, the lucky winner from our Holiday Giveaway Campaign!🎉 For everyone else, be sure to stay tuned for we have only just started with the exciting rewards yet to come from the Nexo team in 2020! #NEXO https://t.co/AFPQpXsdtJ 126 favorite
01.07.2020
14:28
Capitalize from the current #BTC Bull Run and use #Nexo‘s Lowest Crypto Credit Lines™ Rates ever to borrow against your crypto and buy more Bitcoin! Simple, instant, smart and starting from only 5.9% APR! https://t.co/PAICX5ivUA https://t.co/NZV36fgnGd 89 favorite
01.06.2020
15:06
“It has a genius business model, possibly the most professional team in the entire crypto space and has massive traction already. That’s why NEXO is the absolute leader of the pack.” Read the full review by Marius Kramer, the #1 crypto writer on @Quora. https://t.co/x3ZM7hOpuV 162 favorite
01.05.2020
14:28
A great analysis citing @AntoniNexo‘s prediction for Bitcoin‘s price: „the only thing that had come close to Bitcoin’s performance was the rise of the US dollar against the German Papiermark in the 1920s.” What’s your prediction for #BTC‘s price? Let us know in the comments! https://t.co/LFz3iXOzFs 70 favorite
01.04.2020
14:36
„Trenchev added that the Bitcoin price would reach the $50,000 level if the crypto asset is able to take hold of 10% of the current gold market.“ - @Forbes’ take on the latest of @AntoniNexo‘s compelling interviews as a frequent contributor to @Bloomberg. https://t.co/XBKQnuHQaq 147 favorite

There are no events for Nexo in the next 3 Months

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Nexo Google Trends


The Google Trends chart displays the search interest on google in Nexo relative to its peak over the last year. A rising chart shows growing interest int he project.

code Nexo Development Analysis

1.2

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Nexo Github Analysis

Code Updates (Commits)


Every change to the codebase of Nexo is registered as a commit. More active projects have many commits, dead projects nearly none.

Code line changes (+/-)


Extending a project results in many new lines of code. Changing existing code results in nearly the same amount of additions and deletions. Projects that are growing show a large number of code additions with relatively few deletions.

Programming languages

Repository Numbers

star 33 Stars
remove_red_eye 15 Watchers
usb 24 Forks
sync_problem 0 Open Issues
border_color 0 % Comment Coverage
lock_open Apache Licen License

attach_money Nexo Price Analysis

3.2

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Nexo Price Prediction

$ 0.141826 (4.98%) arrow_drop_up

Predicted USD Market Price in 24h by Coinpaper

$ 0.128990 (-4.52%) arrow_drop_down

Predicted USD Market Price in 14d by Coinpaper

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Converter NEXO - USD

Convert between NEXO and USD with the live Nexo prices, aggregated from all big exchanges that trade Nexo.


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Market insights

Volume from exchanges is considered untrusted if the exchange has little reputation and no License but reports suspiciously high trading volume in particular coins.

account_circle Nexo Team Analysis

4.8

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Nexo Team

Nexo Team Members (18)

launch

Antoni Trenchev

Managing partner

launch

Georgi Shulev

Managing partner

launch

Kosta Kantchev

Managing partner

launch

Vasil Petrov

Cto

launch

Kalin Metodiev

Corporate finance

launch

Kamen Trendafilov

Finance director

launch

Savina Cherneva

Compliance

launch

Bilyana Christova

Marketing

launch

Plamen Todorov

Blockchain developer

launch

Teodora Atanasova

Business development

launch

Joro Yordanov

Product designer

launch

Boris Delev

Technical lead

compare_arrows Nexo Exchanges

Nexo Markets

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# Exchange Pair Price 24h Volume Trusted
# 1 HitBTC NEXO/BTC $ 0.135762 $ 100,029 clear
# 2 Huobi Korea NEXO/BTC $ 0.135716 $ 10,490 clear
# 3 HitBTC NEXO/ETH $ 0.132644 $ 2,869 clear
# 4 Huobi Korea NEXO/ETH $ 0.135578 $ 760 clear
# 5 YoBit NEXO/ETH $ 0.133526 $ 455 clear
# 6 YoBit NEXO/BTC $ 0.136089 $ 373 clear
# 7 YoBit NEXO/WAVES $ 0.131445 $ 15 clear
# 8 YoBit NEXO/RUB $ 0.130699 $ 1 clear
# 9 YoBit NEXO/DOGE $ 0.132760 $ 1 clear
# 10 Huobi NEXO/BTC $ 0.135716 $ 1,557,770 clear

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