NEXO, in short, are crypto-backed loans. With NEXO you will have the ability to get instant cash in exchange for your BTC, ETH, NEXO token, and soon to come ERC20 tokens. When you exchange your crypto for a loan on NEXO, you will still be able to receive the benefit of the rise in price of the coins you exchanged.
No credit checks, just an exchange of your crypto for instant cash, and when you are ready to withdraw your crypto you pay a fee for the loan, less than 10%.
In my unprofessional opinion, I think NEXO could have the potential of being up with the most well known lending platforms, SALT & ETHLend. If that happens, 10x. There is a lot of incentive to the owner of a NEXO token. I think it is also a unique, working idea that could offer more value to the lending market place.
I hope you have enjoyed. If so make sure to like and subscribe for more reviews!
- KiPP
Join us in the crypto blend Discord channel:
https://www.thecryptoblend.com/
NEXO Website:
https://www.nexo.io/