Nexo (NEXO)

platform
smart contracts
eth token
loans
finance & banking
#84

Marketcap Ranking

0.093041 (-1.07%) arrow_drop_down

Market Price (24h change)

52,102,737

Total Market Cap

2.5

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info_outline What is Nexo

2.3

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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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Introduction 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

Visit Webpage

Website Informationclose

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

attach_money Product Analysis

3.7

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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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Close 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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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 POW, while the underlying algorithm is called Ethash.
In the current state of Nexo currently is Only token

group Community Analysis

2.8

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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 2,792 Subscribers
directions_run 27 Active Users
create 2 Daily Posts
speaker_notes 9 Daily Comments
linkOpen Subreddit

www.monero-classic.org

view_list MoneroClassic Channel
person 903 Members
directions_run 22 Online
linkOpen in Telegram

Official Twitter account for Nexo

view_list @NexoFinance Channel
person 42,926 Followers
11.21.2019
16:00
We are thrilled to be the first crypto lending company to become a part of The Foundation for Interwallet Operability @joinFIO & one of the key power players next to Binance‘s Trust Wallet in the effort to improve usability for the #Blockchain ecosystem https://t.co/VXiQd6I9mS 116 favorite
11.14.2019
19:14
We are thrilled by the incredibly high interest in Nexo’s services & the accelerating rate of our #FinTech revolution in the heart of VC & traditional finance @ the wonderful @BlockWorksGroup #DASMarkets conference! Let us know if you’re in town and you’d like to discuss further! https://t.co/oR2JampuK0 150 favorite
11.08.2019
17:55
Watch Nexo‘s Co-Founder @AntoniNexo on @Nasdaq Marketsite‘s “Innovators with @MarketJane” in an intriguing interview on #NEXO‘s constantly expanding addressable market & the role of a leading contributor to the institutionalization of the Blockchain space. 101 favorite
11.06.2019
09:44
The Stellar Foundation has burned 50% of its token supply, causing #XLM to go up 25% in the last week! Profit from the XLM Bull Run by using #Nexo‘s Lowest Crypto Credit Lines™ Rates ever to borrow against your XLM & enjoy instant access to cash! https://t.co/T8DSDftHpA https://t.co/TlsZWLoQhK 79 favorite
11.04.2019
14:53
The market is an efficient mechanism for long-term trend identification so let’s respect it’s verdict - the 7.6% growth of #NEXO in the last 24 hours has again proven that profitable businesses with real-life applications will surpass expectations and reward hodl-ers accurately! https://t.co/JalvCHM2Qr 231 favorite
10.31.2019
15:39
Happy Birthday, Bitcoin, we all look up to you! Post your birthday wishes for Bitcoin in the comments below & share this post to ensure they come true 🙂 Treat yourself & make your own wishes come true by using your crypto as collateral to buy more #BTC at https://t.co/By527sM7gP https://t.co/OUUQzUgpVN 131 favorite
10.26.2019
13:12
Take advantage of the intelligent crypto investor’s moves & capitalize from the current #BTC Bull Run - use #Nexo‘s Lowest Crypto Credit Lines™ Rates ever & borrow against your crypto to buy more Bitcoin! Simple, smart & starting from only 5.9% APR! https://t.co/GmhKGD6lWj https://t.co/ftRxhQWJav 115 favorite
10.25.2019
16:07
Thanks to #Nexo’s ‘Earn Interest’ product, you can already gain 8% per year on #USDT and on all supported stablecoins, EUR, USD & GBP. Enjoy passive income on your high-yield savings & 160x more than what banks offer at #ZeroFees! https://t.co/YEuwVTDbTu https://t.co/vLSU11fnZf 90 favorite
10.22.2019
15:55
Nexo is thrilled to announce that it has cut the interest rates for all new and existing clients of its signature Instant Crypto Credit Lines™ to only 5.9% APR! We are now offering the lowest rates in the blockchain space and conduct business at #ZeroFees https://t.co/l6tGDZblSY https://t.co/zMAuHrLEfV 320 favorite
10.21.2019
08:42
The NEXO/BNB trading pair is now live on @Binance_DEX! #NEXO holders now enjoy cutting-edge trading solutions, liquidity & dedicated focus on security. Join our trading competition for amazing rewards, win 100,000 NEXO & 100 BNB https://t.co/ykKBVOd6KQ https://t.co/CBxqXcDuc1 158 favorite

There are no events for Nexo in the next 3 Months

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Google Trends Analysis


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 Development Analysis

1.1

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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 30 Stars
remove_red_eye 14 Watchers
usb 24 Forks
sync_problem 0 Open Issues
border_color 0 Comment Coverage
lock_open Apache Licen License

attach_money Price Analysis

3.4

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Price Prediction

$ 0.107011 (-2.41%) arrow_drop_down

Predicted USD Market Price in 24h

$ 0.116625 (6.36%) arrow_drop_up

Predicted USD Market Price in 14d

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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 Team Analysis

4.3

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Team

Lead

Unknown -
It is not exactly clear who is the main driving force behind Nexo.


supervisor_accountSocial Network Links

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 Exchanges

Markets

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# Exchange Pair Price 24h Volume Trusted
# 1 Huobi NEXO/BTC $ 0.093946 $ 109,713 clear
# 2 Huobi NEXO/ETH $ 0.094489 $ 33,444 clear
# 3 HitBTC NEXO/BTC $ 0.092374 $ 24,742 clear
# 4 Huobi Korea NEXO/BTC $ 0.093946 $ 1,015 clear
# 5 Huobi Korea NEXO/ETH $ 0.094489 $ 46 clear
# 6 YoBit NEXO/RUB $ 0.102730 $ 8 clear
# 7 Binance DEX NEXO/BNB $ 0.090702 $ 145,732 clear
# 8 HitBTC NEXO/ETH $ 0.093234 $ 1,588 clear
# 9 YoBit NEXO/BTC $ 0.094754 $ 76 clear
# 10 Hotbit NEXO/ETH $ 0.093737 $ 4,716,035 clear

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