Cy2
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Activity: 66
Merit: 0
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February 09, 2019, 11:19:53 PM |
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Owed to their sig campaign, I learned about this great project. Not just because I'm wearing one, but looking at their track record, is already commendable. https://i.imgur.com/1sJbUKV.pngVery few companies can show this kind of figure. And they decided to run their campaign after achieving this in the lending industry. Now, this is a real company running via blockchain technology! Looks good and quite impressive. However, I will stay watching it for a while because there are so many, many scam lending projects/ teams. Hope that eventually NEXO will become great. yes, because of signature I found out about Nexo. Is anyone here active from Nexo team? Or they mostly use Telegram? Can someone post here links to Terms of use Nexo payments card? Cards have not been issued yet, but I assume the terms will be the same as those shown here: https://nexo.io/loan-terms |
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Mfomo
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Activity: 36
Merit: 0
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February 12, 2019, 11:33:31 AM |
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I don’t think Nexo is a scam my opinion though. I found out about it last year and their concept is really mind blowing & the NEXO ICO was rated 4.5 out of 5.0 in Icobench
Nexo - The World's First Instant Crypto-backed Loans. Powered by Credissimo - A Leading European FinTech Group for over 10 years.
Don’t sell your crypto. Don’t lose the upside potential. Keep it and get an Instant Loan from Nexo
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silverleafy
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February 15, 2019, 08:09:55 AM |
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Hello, I see that some members are wearing NEXO signature. Is there any signature campaign? Where I can get this code, please?
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tbct_mt2
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February 15, 2019, 09:15:14 AM |
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Hello, I see that some members are wearing NEXO signature. Is there any signature campaign? Where I can get this code, please?
The one lasted only one week, and already ended days ago. For more details, you can check it there: Payments have been sent to those who qualified. You may remove your sigs, this campaign is over.
Of course, you can follow the topic to get next campaign from NEXO, if their team decide reopening it later. |
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Cy2
Newbie
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Activity: 66
Merit: 0
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February 23, 2019, 02:49:06 AM |
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$500 minimum loans are now available.
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BiteMyShinyMetalAss
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March 04, 2019, 08:49:08 AM |
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Hello, I see that some members are wearing NEXO signature. Is there any signature campaign? Where I can get this code, please?
Really bad quality, dont bother. Its nexo who send these to members of the community. When will the dividends become regular? Will we see a credit card Q1 or just another silent delay? |
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DrearyUrbanite
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March 04, 2019, 09:19:58 AM |
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I don’t think Nexo is a scam my opinion though. I found out about it last year and their concept is really mind blowing & the NEXO ICO was rated 4.5 out of 5.0 in Icobench
Nexo - The World's First Instant Crypto-backed Loans. Powered by Credissimo - A Leading European FinTech Group for over 10 years.
Don’t sell your crypto. Don’t lose the upside potential. Keep it and get an Instant Loan from Nexo
If they have been audited by Deloitte it is rather unlikely that they are a scam. |
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encycrypto
Member
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Activity: 294
Merit: 53
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March 04, 2019, 10:26:42 PM |
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A little time back, NEXO platform didn't use NEXO tokens as collateral... Does it accept it now for loans?
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DrearyUrbanite
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March 12, 2019, 10:17:27 PM |
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A little time back, NEXO platform didn't use NEXO tokens as collateral... Does it accept it now for loans?
What is the reason if they decide that their own token will not be allowed as collateral? |
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BiteMyShinyMetalAss
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March 14, 2019, 01:06:33 PM |
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A little time back, NEXO platform didn't use NEXO tokens as collateral... Does it accept it now for loans?
They do now. Its just they dont trust their own token very much and offer <15% LTV , it was 30% but then they silently reduced it to 15% and less, in this way effectivelly trapping everyone who took loans backed by nexo token. They dont communicate much with investors and community anyway - nobody knows, even admins dont know what is happening inside the company. Seems the credit card is again delayed! |
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encycrypto
Member
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Activity: 294
Merit: 53
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March 16, 2019, 02:34:51 PM |
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A little time back, NEXO platform didn't use NEXO tokens as collateral... Does it accept it now for loans?
They do now. Its just they dont trust their own token very much and offer <15% LTV , it was 30% but then they silently reduced it to 15% and less, in this way effectivelly trapping everyone who took loans backed by nexo token. They dont communicate much with investors and community anyway - nobody knows, even admins dont know what is happening inside the company. Seems the credit card is again delayed! Thanks for the information! They need to have some good admins at Telegram at least, who are aware of the delays and stuff. |
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DrearyUrbanite
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March 18, 2019, 10:52:02 PM |
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Is it correct that Nexo will not allow their own token to be used as collateral for crypto-backed loans?
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Cy2
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Activity: 66
Merit: 0
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March 18, 2019, 11:14:46 PM |
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Is it correct that Nexo will not allow their own token to be used as collateral for crypto-backed loans?
Not true. However, LTV has retreated to about 15% and NEXO token can only be used to repay interest. At least here to date in the USA. |
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VanDeinsberg12
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March 18, 2019, 11:20:22 PM |
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Is it correct that Nexo will not allow their own token to be used as collateral for crypto-backed loans?
Not true. However, LTV has retreated to about 15% and NEXO token can only be used to repay interest. At least here to date in the USA. that means if nexo token still can't be used as collateral and i think it's not the same as collateral. It just like utility usage of token itself in the platform. Just curious, do i need to give collateral before i can request the loan? how it works. im interesting on it. |
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Cy2
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Activity: 66
Merit: 0
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March 19, 2019, 12:18:24 AM |
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Is it correct that Nexo will not allow their own token to be used as collateral for crypto-backed loans?
Not true. However, LTV has retreated to about 15% and NEXO token can only be used to repay interest. At least here to date in the USA. that means if nexo token still can't be used as collateral and i think it's not the same as collateral. It just like utility usage of token itself in the platform. Just curious, do i need to give collateral before i can request the loan? how it works. im interesting on it. Yes, if you stake BTC or ETH LTV is 50% or better, TUSD & USDT even better LTV is 90% and up. |
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TheHas
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March 29, 2019, 10:28:17 PM |
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Nexo interest of 6.5 percent looks great, that's probably the main thing I'd use nexo for.
Only just starting to learn about nexo now (it got listed recently on an exchange I follow, trade.io). Do you need to do KYC for the interest earning component? I prefer to not send personal information.
The Medium article about interest doesn't flag if KYC is needed, but it feels like something that would require that level of information.
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DrearyUrbanite
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March 31, 2019, 07:59:23 PM |
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Nexo interest of 6.5 percent looks great, that's probably the main thing I'd use nexo for.
Only just starting to learn about nexo now (it got listed recently on an exchange I follow, trade.io). Do you need to do KYC for the interest earning component? I prefer to not send personal information.
The Medium article about interest doesn't flag if KYC is needed, but it feels like something that would require that level of information.
But the interest comes in whatever crypto you deposited right? What if you get 6.5% on your BTC but BTC drops by 20%? |
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CryptoSaltMine
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Activity: 4
Merit: 9
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April 02, 2019, 02:37:15 PM
Last edit: April 03, 2019, 09:52:09 AM by CryptoSaltMine |
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NEXO is a scam!
They have changed LTVs without warning, they have changed nexo LTV from 30% to 15% effectivelly trapping people who got loans using NEXO as a colllateral.
They have changed the whitepaper - they no longer mention NEXO being a security token or that NEXO holders should get dividends, there is 0 mention in the new whitepaper of nexo being a security token.
Stay away from NEXO.
For some reason NEXO is enjoying making community angry! Posts asking for updates are deleted/ignored and people banned.
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BiteMyShinyMetalAss
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April 04, 2019, 07:33:53 AM |
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NEXO is super fishy latelly - a ton of unhappy people! Wouldnt be surprised if NEXO ran away with money, too many red flags for me, i am out !
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TheHas
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April 06, 2019, 03:30:36 AM |
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NEXO is super fishy latelly - a ton of unhappy people! Wouldnt be surprised if NEXO ran away with money, too many red flags for me, i am out !
Hmm interesting. A couple people have said similar things. By too many 'red flags', could you explain what you mean? Something up with the website or issues with management decisions? Can't get funds? |
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