Community post
NEXO Token
Nexo is powered by a leading FinTech group serving millions of people across Europe for over 10 years, while being strictly supervised by multiple European Banking and Financial Services Regulators.
Nexo has an award-winning team whose business has continuously been audited by Deloitte . The Nexo Advisory Board includes prominent industry experts such as the founders of TechCrunch and Polymath . Go to the https://nexo.io to visite the website. Its a verry good project for investing and instant crypto back loan .
Replies (2)
Concerns
NEXO token is classified as a security token because of its dividend paying nature, so none of the current high-volume exchanges are able to list it. It is uncertain when exchanges supporting security tokens will operate and generate sufficient trading volume.
There are a number of operating blockchain projects focusing on using cryptocurrency to obtain loans, such as Salt Lending and ETHLend. Nexo will be competing with them in one way or another, although the entire space is huge and is big enough for multiple winners.
Yeah you are right it is a security token and it has a high potential gain in long term . We also get dividend if we put our tokens in to their wallet which gave us a passive income :)