DISCLAIMER:
I AM NOT AN FINANCIAL ADVISOR
I will review 1 altcoin per post. If people seem to enjoy and support it, I'll definitely write more. I will present all the research I have gained on those particular coins and perhaps a glimpse in the future to what may be in store. I work behind the scenes, but I have a small circle whom all share our ideas and I would like to include YOU in our discussions!
COIN #2 :
NEXO / Symbol [NEXO]
Nexo allows it's users to take collateral based crypto loans. It has the best savings interest rate offers in the crypto industry. Even if you wanted to just hold your crypto asset(s) over time (linked below.) This coin has been aggressively advertising to many target crypto and non-crypto communities. Honestly, look at these rates. . . Your bank could not top any of these awesome perks/rewards.
If you look on the top there is a link about nexo STARTING TO BUY BACK IT'S OWN TOKEN (linked below ref. Yahoo finance.) This is HUGE because it will add to token scarcity, since the company is doing VERY well. Don't take my word for it, see it here for yourself. . .
- "Nexo is the world's leading REGULATED financial institution for digital assets. The company’s mission is to maximize the value and utility of cryptocurrencies by offering tax-efficient ‘Instant Crypto Credit Lines’, high-yield ‘Earn Interest’ products, ‘Send & Pay’, and sophisticated trading and OTC capabilities, while providing top-tier custodial insurance and MILITARY-GRADE SECURITY of the Nexo Wallet. Nexo manages assets amounting to $2+ BILLION for over 1МILLION users across 200+ jurisdictions, and has processed over $5 BILLION since its launch in 2018."
Found on Yahoo Finance (a non-crypto news channel.)
https://au.finance.yahoo.com/news/nexo-launches-buyback-program-commits-161500267.html
THE BIG PICTURE
WHY SO BULLISH?!?!
Nexo has recently extended it's offers!!!
Nexo values all of their customers greatly which is why they invented the NEXO Token. The world’s first compliant, dividend-paying, asset-backed token, and features the following EXTRA benefits:
Stacking NEXO Tokens give you a 50% discount on the accumulated interest (see image below.)
Staking NEXO Tokens also brings clients 25% higher interest on the IDLE assets in their Nexo Account.
Nexo shares 30% of its profits in the form of dividends with NEXO Token Holders. Until now ±9.5MILLION USD have been distributed through three dividend payments (2018, 2019, 2020.)
In conclusion, even if you don't use it for banking. You could hold the token for great potential benefits/interest. The last two thoughts are the biggest reason I believe the token will do VERY WELL in the NEAR (1 Year) future:
They are currently applying for a banking charter, which I am sure they will most likely obtain. This could even be a massive buy the "HYPE" / "SELL THE NEWS" investment as well. Keeping an eye on it via twitter or popular crypto news outlets will be key.
Once again with the knowledge of the buy backs, best interest rates for savings/loans in the industry, and lastly the banking charter. I could see this being an AAVE story all over again. This coin could really be a true diamond in the rough!
Who could argue with those numbers of users?!?! It's one of the top cryptos in terms of users, yet such a small market cap. A sleeping giant for sure. . .
Thank you for your time and support,
Aruchard
Crypto Investor/Researcher and Enthusiast
Twitter: @XPatriotCryptoX