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What is Nexo (NEXO)?

Nexo, established in 2018, is a decentralized lending protocol utilizing blockchain technology to provide professional financial services within the digital asset space. Its ecosystem offers a wide array of services for buying, selling, trading, and borrowing cryptocurrencies, particularly focusing on innovative solutions to address lending market challenges. The maximum supply of NEXO tokens is 1 billion. Nexo's key features include the Nexo Exchange, which allows users to trade tokens with minimal fees. Users can also access Instant Crypto Credit Lines, borrowing from $50 to $2 million in cash or stablecoins by using crypto as collateral, with APR depending on their Loyalty tier and NEXO holdings. NFTs can also be used as collateral for loans up to 20% of their value. Nexo Prime cater...

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