Nexo provides the World?s First Instant Loans that are Crypto-backed resolving a inefficiency for the crypto world. Up to this very moment, except selling them, no choices existed to enjoy their own crypto riches. The innovative model of Nexo brings to the crypto community that the best of both worlds - while having access preserving 100% ownership of their assets. The Immediate Cryptobacked Loans are an automatic, adaptive and cost-efficient way of obtaining liquidity that is procured by the value of the client?s digital assets. The process is done in just a few simple clicks. No fees, no credit checks, no capital gains taxes. Transparency is ensured through the use of contracts that were clever blockchain technology and processes implemented from the Nexo Oracle.
The Nexo platform is currently live and is bringing millions of dollars worth of loans to thousands of customers in EUR, USD, and Tether (USDT). Collateral options comprise NEXO Tokens, ETH, BTC along with the BNB Coin. No less than 10 collateral options will be chosen by the crypto community to be inserted by the end of 2018.