[ANN] Nexo - The World's First Instant Crypto-backed Loans

[Mrpumperitis]

https://cointelegraph.com/news/report-sec-expands-crackdown-on-icos-regulatory-ambiguity-remains
The U.S. Securities and Exchange Commission (SEC) has expanded its crackdown on Initial Coin Offerings (ICOs), putting “hundreds” of projects at risk, 
according to a recent joint investigation by Yahoo Finance and Decrypt Media published, Oct. 10.





https://twitter.com/nexofinance?lang=en
Nexo, the largest security token issuer, has taken compliance with securities laws and SEC’s advice seriously from day 1.
 Our investors can comfortably enjoy the continued growth of Nexo’s loan portfolio and reap the fruits of the NEXO Dividends.

"Here we go"  

[Cryptonizor]

NEXO Paper Wallet Generator:

https://cryptonizor.com/wallet/nexo/

[Mrpumperitis]

wow. looks like all usdt holders just got.....*^@'!  big time.
They might need a loan lol, yeap...

Buy Nexo asap 

[Mrpumperitis]

Keep grabbing and accumulating more Nexo...



One day not very far ...

Nexo will be flying crazy high and people will wonder wth is going on...
https://nexo.io/credit-card  
Then they will see Nexo credit card with Visa/MasterCard has been launched...the beginning of something new..something huge...
Then they will see the loan service with discounts for Nexo holders, the dividends for NEXO holders and more...

Remember this....There is those that make things happen, then those that watch things happen then those that ask wtf just happened


https://credissimo.com/
Check the roadmap, they have already done alot for a very long time....

Now check the Nexo roadmap and you can easily see its a continuation of what credissimo has already been doing for over a decade.
https://nexo.io/company


https://credissimo.com/downloads/Credissimo_Company_Overview_and_Financials.pdf  
(Nice Balance sheet   )



Also we have all been using utility coins..watch out for a new wave of STO and equity tokens ETO
These security token offerings (STOs) are, in effect, crowdsales for regulated ICO tokens.
https://www.livebitcoinnews.com/nasdaq-reportedly-considers-creating-platform-for-cryptocurrency-security-tokens/
With NEXO already sec compliant they are leading the way.

Exciting times ahead  

[Mrpumperitis]

https://medium.com/nexo/nexo-partners-with-centre-for-loans-in-usdc-stablecoin-b4c68943acdc  
Great work Team Nexo  



Nexo has formed a partnership with stablecoin network CENTRE.

As a result, the stablecoin USD//Coin (USDC) will soon be added as an option in which clients can receive their Nexo loans.

CENTRE is a consortium founded by Circle Internet Financial Ltd. in part owned by leading investment bank Goldman Sachs.  
(Its likely Poloniex list Nexo)


CENTRE will act as a regulator for USDC issuers, ensuring that they possess state licenses to handle digital assets and meet anti-money laundering (AML) standards in an effort to attract even more institutional support for the broader blockchain space. This comes in just a few months after Circle acquired cryptocurrency exchange Poloniex. The USDC is now gaining traction with clients across cryptocurrency exchanges.





 

[Mrpumperitis]

https://twitter.com/nexofinance?lang=en
XRP-backed loans are now available on the Nexo platform,
making us the first and only crypto lender to onboard #XRP as collateral.
Get instant access to cash while keeping the upside potential of your XRP! #HODL #Ripple

[Mrpumperitis]

[Mrpumperitis]

https://twitter.com/Ethos_io/status/1054424729438900229
Instead of selling your crypto, #HODL with an instant loan from @NexoFinance, the leading crypto-lending platform. Get cash in 40+ currencies + a 50% off on the interest with $NEXO tokens, which you can now store, track, send, receive on the Ethos Wallet. https://buff.ly/2jr8iB4

https://twitter.com/hashtag/NexoEverywhere?src=hash
The #NexoEverywhere campaign has recently taken us to Turkey.
Countries with capital controls are among the quickest to adopt cryptocurrencies and Nexo is there to bridge the gap between crypto and the traditional banking system.
Great work  


ok heres the thing that many will be doing soon....
https://ambcrypto.com/xrp-can-now-be-used-as-collateral-for-2-million-instant-loans/

The platform allows users to utilize XRP for a flexible credit line and 8% per year charges. Moreover, the service utilizes BitGo, a custody provider approved by the United States Securities and Exchanges Commission. The existence of Nexo provides a solution to tax problems, which is a prominent hurdle for cryptocurrency enthusiasts as well.

Currently, they are forced to pay capital tax on their gains when they cash out. However, the platform will allow users to utilize a method known as the “Zuckerberg Tax”, removing tax liabilities by converting selling into an overdraft, where users still have access to liquidity.

When wanting fiat for your crypto you can...afaik
you can pay capital gains around 15% and go directly into fiat or
use a Nexo loan and pay around 8% interest using crypto as collateral, savings with the  “Zuckerberg Tax”  or
 even better take a loan with Nexo coin and pay around 4% using Nexo coin for repayments , making huge savings with the  “Zuckerberg Tax”


THIS IS HUGE

[Mrpumperitis]

Rough plan....

Buy alot of Nexo while they are still cheap...
HOLD , (possible use for divedends while holding)....
Wait 6-12 months, people will be repaying loans , some will opt for lower intrest and repay with Nexo coin...
Nexo coin price goes over $2, (around $1billion cap, considering over $1bill has already been loaned, this price will be easily achieved)

Once these things happen, then take out a loan paying only 4% z tax (intrest) and repay the loan with all the cheap Nexo and dividends from today  


https://www.youtube.com/watch?v=kJQP7kiw5Fk
Luis Fonsi - Despacito ft. Daddy Yankee  




Today 13cents - 1 Nexo
12months-$2-$10 - 1 Nexo
3-5years- $50-$100 - 1 Nexo

https://www.youtube.com/watch?v=GmG4X9PGOXs
Everyday Normal Guy 2
 

[Mrpumperitis]

https://twitter.com/NexoFinance/status/1054640098560630784
A great integration on the #NexoEverywhere campaign: the “Nexo - Get an Instant Crypto Loan” button is the now live on @CryptoCompare.
This global cryptocurrency market data provider gives millions of investors access to real-time, high-quality, reliable market and pricing data.

Great work  

[Mrpumperitis]

https://news.bitcoin.com/nexo-lending-platform-adds-bitcoin-cash-support/
Cryptocurrency loans service Nexo has confirmed it is adding support for bitcoin cash (BCH). The Switzerland-based lending platform offers crypto-fiat loans from upwards of $1,000, with no credit checks required as collateral. BCH holders will be able to stake their cryptocurrency as collateral and obtain instant funding in more than 40 fiat currencies.
Cryptocurrency lending service Nexo has been expanding rapidly. It recently added Ripple’s XRP and has now confirmed support for bitcoin cash and litecoin.




Thank you team NEXO  
 

[Mrpumperitis]

Thank you Roger for sharing time with Nexo 
Nicely done George, great info 

https://www.youtube.com/watch?v=8ZG3eZL7aik&feature=youtu.be

[Mrpumperitis]

https://www.reddit.com/r/Nexo/comments/9qw06v/nexo_sec_dividends/

Excellent post, must read for all interested in Nexo and security tokens.

[Mrpumperitis]

Nexo is honored to have a dedicated button for our instant crypto loans on @coingecko, the amazing service that provides the blockchain community with the tools for evaluating digital assets, enjoyed by 69+ million people in the past six months. #NexoEverywhere

https://twitter.com/NexoFinance/status/1055374255343525888
 






(THIS_DUDE@DUDECRYP

Replying to @NexoFinance @coingecko
Pls consider trying to get NEXO listed in at least 1 big exchange. Big investors don't have access to buying large amount of coins... there is just not enough liquidity the market provided by the exchenges you'in is just too thin...)

Working on it , will be happening very very soon  

[Raja_MBZ]

I've been following the updates and announcements of Nexo for a while, but I've got a feeling that Nexo will eventually go completely bankrupt:

Nexo provides mostly upto 50% fiat-value of the deposited crypto; imagine the worth of deposited crypto goes down by 50% - that'll leave Nexo with a loss. Imagine that this continues for a while, Nexo will eventually be left with no cent in their bank and get bankrupt. Risky.

[Mrpumperitis]

I've been following the updates and announcements of Nexo for a while, but I've got a feeling that Nexo will eventually go completely bankrupt:

Nexo provides mostly upto 50% fiat-value of the deposited crypto; imagine the worth of deposited crypto goes down by 50% - that'll leave Nexo with a loss. Imagine that this continues for a while, Nexo will eventually be left with no cent in their bank and get bankrupt. Risky.

Hi  

Ok i also thought the same when first looking at Nexo. 50% drop in crypto price = loss

Thing is the drop has to be 50% from today and sustained for over a year on all top coins and at the same time no one pays back any loans with interest.
This is a very unlikely scenario imo crypto has to die for Nexo to fail.

(different coins have a LTV loan to value ratio)


On the plus side, what if crypto do not go much lower but crypto goes up in value, Nexo will become a big hitter, top 10 coin very quickly.
Also Credissimo have been doing similar loans for over a decade, they know how this market works.

[Mrpumperitis]

https://twitter.com/Pixel_ada/status/1055919780539043841

Pixel
‏@Pixel_ada

Replying to @dwxrp @NexoFinance @xrp_news


If you pay back your loan in the first 30 days, you only pay 0.7%. That's quite cheap compared to the taxes you would pay if you would just sell your crypto.
 

[Mrpumperitis]

[Mrpumperitis]

https://www.reddit.com/r/Nexo/comments/9rxagb/fiat_deposits_coming_atomic_wallet_integration/

[estenity]

https://twitter.com/Ethos_io/status/1054424729438900229
Instead of selling your crypto, #HODL with an instant loan from @NexoFinance, the leading crypto-lending platform. Get cash in 40+ currencies + a 50% off on the interest with $NEXO tokens, which you can now store, track, send, receive on the Ethos Wallet. https://buff.ly/2jr8iB4
....................

ok heres the thing that many will be doing soon....
https://ambcrypto.com/xrp-can-now-be-used-as-collateral-for-2-million-instant-loans/

The platform allows users to utilize XRP for a flexible credit line and 8% per year charges. Moreover, the service utilizes BitGo, a custody provider approved by the United States Securities and Exchanges Commission. The existence of Nexo provides a solution to tax problems, which is a prominent hurdle for cryptocurrency enthusiasts as well.

Currently, they are forced to pay capital tax on their gains when they cash out. However, the platform will allow users to utilize a method known as the “Zuckerberg Tax”, removing tax liabilities by converting selling into an overdraft, where users still have access to liquidity.

When wanting fiat for your crypto you can...afaik
you can pay capital gains around 15% and go directly into fiat or
use a Nexo loan and pay around 8% interest using crypto as collateral, savings with the  “Zuckerberg Tax”  or
 even better take a loan with Nexo coin and pay around 4% using Nexo coin for repayments , making huge savings with the  “Zuckerberg Tax”


THIS IS HUGE

where a more detailed explanation ?