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NEXO token is a utility token for the NEXO exchange. It is an ERC20 compliant token in the Ethereum network.
The NEXO platform allows users to lend and request loans backed by cryptocurrency.
NEXO Token holders receive up to 12% interest per annum, paid out daily, on the NEXO Tokens held in both the Savings and Credit Line wallets of their Nexo accounts. Plus, holding NEXO Tokens automatically makes you a part of Nexo’s Loyalty Program which gives you:
Higher yields on crypto and fiat with our Earn suite.
Preferential borrowing rates for the Instant Crypto Credit Lines™.
Free crypto withdrawals.
Try our free NEXO (NEXO) portfolio tracker if you want to efficiently keep track of your NEXO and other coin/token investments.