NEXO

NEXO is the token of Nexo, a centralized digital asset platform offering interest-bearing accounts, crypto-backed loans, trading, and a crypto-linked payment card. The company has operated since 2018 and serves clients across a large number of jurisdictions.

The token functions as a loyalty instrument within that platform. Holding NEXO as a proportion of a portfolio raises a client's loyalty tier, which improves the interest rate paid on savings balances, lowers borrowing rates, and increases cashback on the payment card. NEXO holders have also historically received a share of platform profits through dividend-style distributions.

Supply

NEXO has a fixed supply of one billion tokens, all of which are issued and circulating. There is no ongoing emission, so the supply side is settled. The token is an ERC-20 asset originally issued on Ethereum and is also available on several other networks.

Considerations

Nexo is a centralized business, and NEXO's utility depends entirely on that business continuing to operate and honor its loyalty program. Centralized lending platforms have a difficult recent history in the industry, and the questions that matter for any of them are the same: how loans are collateralized, whether client assets are rehypothecated, what reserves exist, and what disclosures are published.

The token appears on lists of assets alleged by US regulators to be securities, and the company has faced regulatory action in the United States, including a settlement over its earn product. Availability of Nexo's products and of the token itself varies significantly by jurisdiction, and prospective users should check what is offered where they live.