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Bob’s Gem Of The Day 5: Nexo – Crypto Backed Loans

Bob’s Gem Pick’s is a segment that showcases the hidden world within Cryptocurrency. Join me and find the next Home Run. Join the Conversation with me using #BobsGemPicks

Bob’s Gem of the day!

NEXO ($NEXO)

CMC Rank: #67

Current Trading Price:

$0.173971USD(7.11%)
0.00002711 BTC (6.31%)
0.00083720 ETH (2.97%)

Market Cap$97,423,667 USD

Volume (24h)$2,706,996 USD

Circulating Supply: 560,000,011 NEXO

Total Supply: 1,000,000,000 NEXO

Returns since ICO

ICO profit

X1.77

ICO Price~$0.1000

About $NEXO:

The NEXO Token is the World’s First US SEC-compliant Asset-backed Token and is backed by the underlying assets of Nexo’s loan portfolio.
NEXO Tokens are a safe haven as they provide passive income in the form of 30% from the company’s profits, distributed monthly to NEXO Token Holders.
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.

Social Media Comparison

  • Telegram members: 49,960
  • Twitter members: 38,532
  • Reddit members: 1,336

Similar coins to Nexo:

  • Electronium
  • Humaniq
  • Bloom

Exchanges:

  • Hotbit
  • HitBtc
  • Bancor

Stock Chart:5/11/18

https://nouvive.com/wp-content/uploads/2018/11/Nexo-51118-300x145.png

Why It’s Bob’s Pick:

  • The World’s First Instant Crypto-backed Loans
  • Experienced Team. Nexo has an award-winning team whose business has continuously been audited by Deloitte.
  • Nexo is powered by a leading FinTech group serving millions of people across Europe for over 10 years, while being strictly supervised by multiple European Banking and Financial Services Regulators.
  • Legit use of token.
  • Reputable Advisors: The Nexo Advisory Board includes prominent industry experts such as the founders of Techcrunch and Polymath.
  • Nexo are planning to introduce crypto backed pension plans!
  • Stablecoin savings accounts with 6.5% API
  • Sold over 70% of tokens at ICO.

Long term outlook: Very Bullish

Final thought:

Crypto backed loans. Stablecoin savings accounts backed by a team that have been audited by Deloitte. In an age where savings accounts offer little to no return Nexo are leaping ahead of the curve with their crypto loans, savings and pension services. Potentially a future massive player in the crypto banking sector.

 

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