Nexo (NEXO)

Cryptocurrency backed loans

#68

Marketcap Ranking

0.222443 (0.79%) arrow_drop_up

Market Price (24h change)

124,567,992

Total Market Cap

2.4

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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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Organization: Unknown
Name: Unknown
Country: Unknown
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build Nexo Product Analysis

3.6

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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

3.0

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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 4,242 Subscribers
directions_run 55 Active Users
create 3 Daily Posts
speaker_notes 33 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 1,283 Members
directions_run 27 Online
linkOpen in Telegram

Official Twitter account for Nexo

view_list @NexoFinance Channel
person 51,880 Followers
07.11.2020
13:02
Gold jumped to a 9-year high (via @CoinDesk) this week and @WSJ suggested that new records might still be ahead. Access the transferability, cost-efficiency, and ability to borrow against tokenized #gold with Nexo’s #PAXG-backed Crypto Credit Lines™. https://t.co/0s6SThgwxl 1 favorite
07.10.2020
13:20
20 cryptocurrencies made it on @CoinDesk’s #CoinDesk20 list including #BTC, #ETH, #XRP & #LINK among others. Unfortunately for some, the #DOGE didn’t make the cut. What #altcoins would have made your list? https://t.co/xZMbHkF44Y 70 favorite
07.09.2020
13:02
Nexo’s dynamic expansion continues: You can now borrow & earn with $LINK! Nexo’s collaboration with @chainlink allows investors to borrow against their assets while benefiting from Nexo’s unrivaled interest rates and superior tax-efficient service. https://t.co/tYlAkJEsTF 437 favorite
07.08.2020
13:04
Today we are announcing the strategic collaboration between Nexo & @chainlink. 🙌 A logical step based on our shared belief in #DeFi & common goal of driving the digital finance industry into the mainstream. Read our joint statement: https://t.co/qFBuar4RNG 708 favorite
07.07.2020
13:11
Remember when Nexo issued the world’s first #crypto mortgage to @brockpierce? 😎 We can’t help but wonder if Brock was in his $1.2M renovated chapel-turned-home when inspiration for his presidential candidacy struck…😉 #ThePowerOfNexo #Bitcoin #EOS https://t.co/68m9CQPgHO 120 favorite
07.06.2020
13:51
UK millennials with £25K+ in investable assets are increasingly putting money into #crypto. @TheFCA reports that 2.6M UK consumers purchased digital assets last year, marking a 1.1M annual growth in investors. What's your reason for investing in crypto?https://t.co/yyBRs81j4c 89 favorite
07.05.2020
13:00
Only 10 days left until Tax Day in the US.⌛️ Remember that borrowing against your digital assets from Nexo rather than selling them is incredibly tax-efficient. See how 👉 https://t.co/owsUQicFuI https://t.co/EdFQKSYAiU 77 favorite
07.04.2020
13:00
Happy 4th of July to all Americans from the Nexo Team. Stay safe and have fun wherever you are! 🎆 #happy4th 113 favorite
07.03.2020
13:28
Get those $NEXO Tokens back in your wallets! To receive #dividends, NEXO Token Holders must stake their #tokens on the Nexo platform by the ex-dividend date — August 5, 2020. #WhenDividends #NowDividends 😎 https://t.co/4n2bBkwMrI https://t.co/PhVkh6shWU 176 favorite
07.02.2020
14:24
New partnership! Nexo is very proud to be partnering with #cryptocurrency aggregator @NomicsFinance to offer #crypto’s first algorithmic product rankings. See reviews & rankings of top $crypto wallets, credit lines, podcasts & more here: https://t.co/aJFAP48yL0 173 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 38 Stars
remove_red_eye 14 Watchers
usb 30 Forks
sync_problem 1 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

$ 0.228256 (2.37%) arrow_drop_up

Predicted USD Market Price in 24h by Coinpaper

$ 0.248689 (11.54%) 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 CreekEx NEXO/ETH $ 0.220304 $ 6,221,067 clear
# 2 Huobi NEXO/BTC $ 0.221428 $ 1,134,674 clear
# 3 Bitrue NEXO/XRP $ 0.221170 $ 223,961 clear
# 4 HitBTC NEXO/BTC $ 0.221807 $ 137,240 clear
# 5 Huobi Korea NEXO/BTC $ 0.221428 $ 3,815 clear
# 6 HitBTC NEXO/USDT $ 0.222282 $ 1,820 clear
# 7 HitBTC NEXO/ETH $ 0.221322 $ 853 clear
# 8 Binance DEX NEXO/BNB $ 0.231508 $ 493 clear
# 9 YoBit NEXO/BTC $ 0.227802 $ 17 clear
# 10 YoBit NEXO/USD $ 0.235087 $ 15 clear

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