If you have a NEXO account, one of the first questions you ask yourself is whether you should receive the interest of your tokens in NEXO tokens (which gives you a higher interest) or if you should receive it in the tokens that you are staking? I use NEXO myself, and this is a question I have frequently asked myself. What is the answer? There are several things worth considering as you make a decision.
How to decide how you should receive your interest on NEXO.
First of all, the more NEXO tokens you hold, the better your interest will be, this is true both for those who choose to receive interest in NEXO tokens and those who want interest in the respective tokens. As a result, it is worth holding NEXO tokens.
It is worth asking, which tokens to I believe most in, in the long run? Do I believe that the NEXO token will outperform the others in your NEXO wallet? If yes, then receiving your interest in NEXO tokens is worth it no matter what.
If you believe that your Ethereum, Solana, Polkadot, or other tokens will increase more in price than Nexo in the long run, then you are better off getting your interest in those tokens, even though the NEXO interest you would receive is higher with a few percent.
Then you should ask yourself whether you believe the price of NEXO will increase compared to the US Dollar. If it will, then you are better off receiving interest in Nexo than in the respective stable coins.
If you ask yourself these three questions, it will help you a lot to find out which version you should choose.
One more strategy...
One more strategy you can consider is receiving your interest in NEXO tokens until you get to a higher level because of the number of NEXO tokens you hold on your account. This will increase your interest levels overall, and then you can return to receiving your interest in the respective tokens. If you drop to a lower level, return to receiving your interest in NEXO once again.
That is another strategy.
Hope this article has made you a little bit wiser when it comes to using Nexo. You can visit the Nexo website with this affiliate link.
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