NEXO (NEXO) is a compliant token that is backed by the underlying assets of Nexo’s loan portfolio. NEXO reportedly provides regular passive income to token holders in the form of 30% from the company’s profits. The first dividend payout to NEXO Token Holders in December of 2018 was reportedly for $912,071.00. The token also offers discounted interest rates (-50%) on Nexo’s Instant Loans. The NEXO Token can also be used as collateral on the platform (https://nexo.io) in addition to BTC, ETH, XRP, LTC, NEXO, BNB and several major stablecoins.
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