The foremost organization for digital assets is Nexo. The company's goal is to increase the value and usefulness of digital assets by providing a full range of products, including sophisticated trading solutions for retail and institutional clients, the gathering of liquidity from top venues, and asset-backed credit lines that are tax-efficient. The company's investment arm Nexo Ventures, which today has over 60 portfolio businesses, was first introduced in early 2022. For more than 5,000,000 happy users in more than 200 countries, Nexo has handled more than $130 billion.
The platform's native currency, the NEXO Token, is an ERC-20 Ethereum-based token that entitles owners to membership tiers in Nexo's Loyalty Program. The publicly traded cryptocurrency offers a variety of benefits, such as preferred borrowing rates, cash-back, free withdrawals, and higher yield rates.
The NEXO Token is an asset-backed token and is backed by the underlying assets of Nexo’s loan portfolio. NEXO Tokens Holders will get 30% of the company’s profits.
NEXO Tokens offer additional utility features such as discounted interest rates on the Nexo Instant Crypto-backed Loans and are also accepted as collateral on the Nexo Platform.
Above are only for introduction, not intended as investment advice.
Explore the tokenomics of NEXO (NEXO) and review the project details below.
What is the allocation for NEXO (NEXO)?
There is a maximum supply of 1 billion NEXO. The initial distribution of NEXO(NEXO) tokens is as follows:
- 52.5% is allocated to investors in the NEXO token sale
- 25% is allocated to overdraft funding reserved
- 11.25% is allocated to founders and team
- 6% is allocated to community building/airdrops
- 5.25% is allocated to advisors/legal/public relations
What is the supply schedule for NEXO (NEXO)?
According to the whitepaper and token contract code, the following is an overview of the distribution and unlocking mechanism of Nexo:
Initial Investors: A total of 525,000,000 (52.5%) tokens were distributed to initial investors, and these tokens will be distributed to initial investors without unlocking.
Overdraft Reserves: A total of 250,000,000 (25%) tokens are allocated to Overdraft Reserves, and these tokens will be distributed monthly over a one-year period. After a 6-month waiting period (cliff), 41,666,666 tokens will be unlocked each month, ensuring a total of 250,000,000. In addition, 4 tokens will be distributed without unlocking, ensuring a total of 250,000,000.
Team (Team): A total of 112,500,000 (11.25%) tokens are allocated to Team, and these tokens will be distributed every 3 months for 4 years with no waiting period. 7,031,250 tokens will be unlocked each quarter.
Community Building and Airdrop Campaigns: A total of 60,000,000 (6%) tokens are allocated to community building and airdrop campaigns. Of these, 10,000,002 tokens will be available for immediate use without unlocking, while the remaining 49,999,998 tokens will be distributed every 3 months for 18 months, without waiting periods. 8,333,333 tokens will be unlocked each quarter.
Advisors, Legal and PR: A total of 52,500,000 (5.25%) tokens will be allocated to Advisors. Of these, 25,000,008 tokens will be available for immediate use without unlocking, while the remaining 27,499,992 tokens will be distributed monthly for 12 months with no waiting period. 2,291,666 tokens will be unlocked each month.
To sum up, all Nexo has been vested, but only 560,000,011 tokens have been released from the Genesis Wallet and Owner Wallet. So the current circulating supply of Nexo is 560,000,011.
The foremost organization for digital assets is Nexo. The company's goal is to increase the value and usefulness of digital assets by providing a full range of products, including sophisticated trading solutions for retail and institutional clients, the gathering of liquidity from top venues, and asset-backed credit lines that are tax-efficient. The company's investment arm Nexo Ventures, which today has over 60 portfolio businesses, was first introduced in early 2022. For more than 5,000,000 happy users in more than 200 countries, Nexo has handled more than $130 billion.
The platform's native currency, the NEXO Token, is an ERC-20 Ethereum-based token that entitles owners to membership tiers in Nexo's Loyalty Program. The publicly traded cryptocurrency offers a variety of benefits, such as preferred borrowing rates, cash-back, free withdrawals, and higher yield rates.
The NEXO Token is an asset-backed token and is backed by the underlying assets of Nexo’s loan portfolio. NEXO Tokens Holders will get 30% of the company’s profits.
NEXO Tokens offer additional utility features such as discounted interest rates on the Nexo Instant Crypto-backed Loans and are also accepted as collateral on the Nexo Platform.
Above are only for introduction, not intended as investment advice.