Question 1

What is NEXO (NEXO)?

Accepted Answer

NEXO is a utility token associated with the NEXO platform. It's an ERC-20 compliant token on the Ethereum blockchain. As a utility token and not a security token, NEXO powers the various functionalities of the NEXO platform and is subject to different regulations. NEXO allows its users to borrow fiat currency or stablecoins by using their cryptocurrency holdings as collateral, bridging the gap between traditional and digital finance.

On October 2024, Nexo rebranded itself as a comprehensive digital assets wealth platform. This strategic shift reflects Nexo's evolution from a crypto lending pioneer to a full-fledged wealth management service. The rebranding includes a new logo, website, and enhanced user interface, aiming to provide sophisticated and flexible digital asset solutions. This transformation aligns with the growing demand for advanced tools in the digital asset space.

Question 2

What are the Uses and Features of NEXO?

Accepted Answer

The primary use of NEXO tokens is to fuel the operations of the NEXO platform. This allows users to borrow fiat currency or stablecoins against their cryptocurrency assets, merging the security and robustness of traditional finance with the flexibility and innovation of blockchain technology.

In addition, NEXO tokens enable holders to participate in platform decisions, enhancing the community-driven aspects of the NEXO platform.

NEXO token holders can earn up to 12% interest per annum, paid out daily, on the NEXO Tokens held in both their Savings and Credit Line wallets. Furthermore, by holding NEXO tokens, users are automatically enrolled in NEXO's Loyalty Program, providing:

1. Higher yields on both crypto and fiat currencies with the NEXO Earn suite.
2. Preferential borrowing rates for the Instant Crypto Credit Lines™.
3. Free withdrawals of crypto assets.

Question 3

Who Created NEXO?

Accepted Answer

The NEXO token was created by Nexo, a company established in 2017 by Antoni Trenchev and Credissimo. Nexo AG, which oversees the NEXO platform, is part of the larger Credissimo group—a leading FinTech group that has been serving millions across Europe for over a decade. Headquartered in Zug, Switzerland, the fusion of traditional finance and groundbreaking blockchain technology is central to the unique suite of services offered by the NEXO platform.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	NEXO-USDT NEXOUSDT	binance	AA	0.8030USDT	-0,25%	713.685,96NEXO	5373	0.8050USDT	0.8070USDT
2	NEXO-BTC NEXOBTC	binance	AA	0.0₅9910BTC	-1,88%	475.607,70NEXO	4141	0.0₄1010BTC	0.0₄1010BTC
3	NEXO-USDT NEXO_USDT	whitebit	BB	0.8020USDT	-0,40%	451.318,36NEXO	11.711	0.8052USDT	0.8080USDT
4	NEXO-USDT NEXOUSDT	bybit	A	0.8021USDT	-0,45%	180.748,02NEXO	5912	0.8057USDT	0.8068USDT
5	NEXO-USDC NEXO_USDC	whitebit	BB	0.7988USDC	-0,89%	24.084,35NEXO	361	0.8060USDC	0.8067USDC
6	NEXO-USDT NEXO_USDT	gateio	A	0.8025USDT	-0,50%	7679,64NEXO	289	0.8065USDT	0.8065USDT
7	NEXO-USD NEXOUSD	kraken	AA	0.8021USD	-0,69%	1540,95NEXO	38	0.8077USD	0.8077USD
8	NEXO-USDT nexousdt	huobipro	C	0.7963USDT	-0,41%	1.616.148,10NEXO	22.088	0.7996USDT	0.8051USDT
9	NEXO-USDT NEXO_USDT	p2pb2b	D	0.8030USDT	-0,25%	478.165,36NEXO	4507	0.8050USDT	0.8070USDT
10	NEXO-USDT nexo_usdt	xtpub	-	0.8030USDT	-0,25%	184.426,62NEXO	3392	0.8050USDT	0.8070USDT
11	NEXO-THB THB_NEXO	bitkub	C	27,26THB	-0,34%	180.385,14NEXO	5898	27,35THB	27,36THB
12	NEXO-USDT NEXO_USDT	bydfi	-	0.8020USDT	-0,50%	104.152,70NEXO	1567	0.8060USDT	0.8060USDT
13	NEXO-USDT NEXO_USDT	bitunix	C	0.8020USDT	-0,37%	84.647,44NEXO	6466	0.8050USDT	0.8060USDT
14	NEXO-USDT NEXOUSDT	mexc	C	0.8023USDT	-0,42%	66.738,04NEXO	2945	0.8057USDT	0.8070USDT
15	NEXO-USDT nexo_usdt	lbank	C	0.8021USDT	-0,46%	52.660,87NEXO	3974	0.8058USDT	0.8066USDT
16	NEXO-USDT NEXOUSDT	bitrue	D	0.8030USDT	-0,37%	5542,33NEXO	1809	0.8060USDT	0.8070USDT
17	NEXO-USDT NEXO_USDT	cryptology	D	0.8020USDT	-0,43%	4386,78NEXO	903	0.8055USDT	0.8320USDT
18	NEXO-KRW NEXO_KRW	bithumbkorea	-	1065,00KRW	0,38%	1659,93NEXO	34	1061,00KRW	1066,00KRW
19	NEXO-USDT NEXOUSDT	latoken	D	0.8215USDT	0,00%	0NEXO	0	0.8215USDT	0.8215USDT
20	NEXO-USDT USDT-NEXO	upbit	B	0.8128USDT	0,00%	0NEXO	0	0.8128USDT	0.8128USDT
21	NEXO-BTC NEXOBTC	hitbtc	E	0.0₄1041BTC	0,00%	0NEXO	0	0.0₄1041BTC	0.0₄1041BTC
22	NEXO-BTC NEXOBTC	bequant	C	0.0₄1041BTC	0,00%	0NEXO	0	0.0₄1041BTC	0.0₄1041BTC
23	NEXO-INR NEXOINR	coindcx	-	79,35INR	-5,45%	70,87NEXO	6	83,92INR	83,92INR
24	NEXO-INR NEXOINR	bitbns	-	7,32INR	0,00%	0NEXO	0	7,32INR	7,32INR
25	NEXO-USDT NEXOUSDT	hitbtc	E	0.8556USDT	0,00%	0NEXO	0	0.8556USDT	0.8556USDT
26	NEXO-USDT NEXOUSDT	bequant	C	0.8556USDT	0,00%	0NEXO	0	0.8556USDT	0.8556USDT
27	NEXO-USDT NEXO_USDT	poloniex	C	0.7000USDT	0,00%	0NEXO	0	0.7000USDT	0.7000USDT
28	NEXO-IDR nexoidr	indodax	E	14.600,00IDR	0,00%	0NEXO	0	14.600,00IDR	14.600,00IDR
29	NEXO-INR NEXO_INR	unocoin	-	45,00INR	0,00%	0NEXO	0	45,00INR	45,00INR