NEXO (NEXO)

-2.29 %

Market Cap

The total market value of a cryptocurrency's circulating supply. It is analogous to the free-float capitalization in the stock market.

Market Cap = Current Price x Circulating Supply.

24 Hour Trading Vol

A measure of how much of a cryptocurrency was traded in the last 24 hours.

13110513>
Fully Diluted Valuation

The market cap if the max supply was in circulation.

Fully-diluted market cap (FDMC) = price x max supply. If max supply is null, FDMC = price x total supply. if max supply and total supply are infinite or not available, fully-diluted market cap shows - -.

806267416>T
Circulating

The amount of coins that are circulating in the market and are in public hands. It is analogous to the flowing shares in the stock market.

560,000,010.00
Total Supply

The amount of coins that have been already created, minus any coins that have been burned. It is analogous to the outstanding shares in the stock market.

If this data has not been submitted by the project or verified by the CMC team, total supply shows - -.

1,000,000,000.00
Max Supply

The maximum amount of coins that will ever exist in the lifetime of the cryptocurrency. It is analogous to the fully diluted shares in the stock market.

If this data has not been submitted by the project or verified by the CMC team, max supply shows - -.

1,000,000,000.00
Week Month Year All Time
High

Jan 19 2023

0.722965099478
11.59%

Jan 12 2023

0.740161407459
9.00%

Apr 05 2022

2.554186824727
-68.41%

May 12 2021

-80.18%
Low

Jan 19 2023

0.722965099478
11.59%

Jan 03 2023

0.673181168566
19.84%

Jul 02 2022

0.56747027138
42.16%

Sep 13 2018

1,685.45%
For Detailed Research of NEXO - Visit - NEXO (NEXO)

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NEXO
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Coin Info

Nexo is a lending platform based on the blockchain that gives users instant loans backed by cryptocurrency. Users put up an accepted token, like Bitcoin (BTC), Ether (ETH), Litecoin (LTC), or XRP (XRP), as collateral to get a loan in the form of a fiat currency or stablecoin.

Nexo has a native token called NEXO. When NEXO is locked in the platform, it gives users benefits like lower interest on loans and the chance to get interest payments on funds deposited. Nexo's profits are also shared with people who own tokens.

The project was announced for the first time in December 2017, and it began in April 2018.

Nexo was started by a group of finance experts and crypto fans. They used blockchain to make a cryptocurrency version of a service that has been around for a long time in traditional finance but didn't exist in digital finance until now: borrowing against the value of your assets while keeping ownership. In 2018, the team launched the Nexo platform, which offered the world's first crypto credit lines. These lines let owners of digital assets borrow fiat and stablecoins against their digital assets, laying the groundwork for the crypto lending niche.

Nexo is made up of a group of people who have worked in financial services for more than 30 years. This includes non-crypto lending, investment banking, mergers and acquisitions, and hedge funds. Co-founder and Managing Partner Antoni Trenchev also has experience in Finance Law and KYC and AML solutions.

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