Nexo (NEXO)

Cryptocurrency backed loans

#72

Marketcap Ranking

0.121242 (-1.48%) arrow_drop_down

Market Price (24h change)

67,895,700

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 Review 2019: Still Worth it? Beginners Guide | Coin Bureau

Our long form review here: https://www.coinbureau.com/review/nexo-coin/ ▻ Buy NEXO on Huobi: https://www.coinbureau.com/review/huobi/ ▻ Howey Test for ...

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Screenshot from Website

nexo.io
Nexo Websitemore_vert

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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 3,591 Subscribers
directions_run 41 Active Users
create 1 Daily Posts
speaker_notes 14 Daily Comments
linkOpen Subreddit

Site www.monero-classic.org
twiter https://twitter.com/xmccurrency?s=09
Reddit https://www.reddit.com/r/xmc_official
Explorer http://explorer.monero-classic.org/

view_list MoneroClassic Channel
person 749 Members
directions_run 34 Online
linkOpen in Telegram

Official Twitter account for Nexo

view_list @NexoFinance Channel
person 48,742 Followers
04.06.2020
14:03
#Bitcoin Halving 101: Learn more about the increasingly significant power of #hodl-ing prior to the upcoming halving & how #Nexo’s tax-efficient Instant Crypto Credit Lines™ help you unlock the full value of your BTC over time without having to sell it. https://t.co/FT88nw26Lc 101 favorite
04.04.2020
13:40
We created our PAXG-Backed Instant Crypto Credit Lines™ with gold’s tenable influence on a portfolio’s long-term performance in mind.💰 As the global demand for it surges, learn about the #PAXG token, backed by 1 fine troy ounce of a 400 oz London Good Delivery gold bar & more: https://t.co/zAoboMCpBl 94 favorite
04.02.2020
15:55
We are happy to see that the #ZeroFees initiative, pioneered last year with our clients’ financial well-being in mind, is bringing more value than ever in the present moment. The finest user experience without any withdrawal, transaction or hidden fees: https://t.co/nBC6IyCfK8 97 favorite
04.01.2020
19:24
#Bitcoin is outperforming the S&P 500 at the end of the index‘s worst quarter since 1938. The best time to become a crypto-believer was 2010, the second best might be today & utilizing Nexo’s Instant Crypto Credit Lines™ is a smart move to #hodl to your BTC & keep its upside.💰 https://t.co/wY6DdgOL4r 105 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 34 Stars
remove_red_eye 15 Watchers
usb 26 Forks
sync_problem 0 Open Issues
border_color 0 % Comment Coverage
lock_open Apache Licen License

attach_money Nexo Price Analysis

4.2

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Nexo Price Prediction

$ 0.124652 (2.58%) arrow_drop_up

Predicted USD Market Price in 24h by Coinpaper

$ 0.159843 (31.54%) arrow_drop_up

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 Huobi NEXO/BTC $ 0.121953 $ 724,904 clear
# 2 HitBTC NEXO/BTC $ 0.120645 $ 26,491 clear
# 3 Huobi Korea NEXO/ETH $ 0.121779 $ 7,430 clear
# 4 HitBTC NEXO/ETH $ 0.119663 $ 470 clear
# 5 Binance DEX NEXO/BNB $ 0.119237 $ 372 clear
# 6 Huobi Korea NEXO/BTC $ 0.121953 $ 4 clear
# 7 YoBit NEXO/WAVES $ 0.117359 $ 2 clear
# 8 YoBit NEXO/DOGE $ 0.117420 $ 1 clear
# 9 Huobi NEXO/ETH $ 0.121779 $ 608,696 clear
# 10 YoBit NEXO/BTC $ 0.119845 $ 202 clear

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