NEXO - Instant Digital Funding Without Forcibly Selling Off Your Crypto Assets

ibukunsteve (43)in #blockchain • 7 years ago

In this vast technology era, you happen to be one of the lot to own a wallet in which you keep your crypto assets and you feel the market has not appreciated enough for you to make some profits and you're in a dire need of access to some Fiat, a technology is here to make you HODL in as much as you want and also have access to the cash you need, no emergency sales again. So what is this facility? It is called Nexo. I know you're still not convinced and still want more information about this facility, I'll tell you.

What Is Nexo
Nexo is the world first instant crypto overdraft digital facility. It does not just give you access to instant cash, it gives you based on the value of your wallet thus using it as a collateral without extra charges. This will enable you to maintain your position in the market as you're still in charge of your wallet allowing you to make gains on any potential gains/pump.
Being a crypto phunker yourself you are aware that there is always a blockchain project for every industrial sector and being that they can't all survive the trying times, the smart projects will earn the future.
There is an adage in the crypto world that goes "Money in the bank is not the same as the money online" meaning technology can crash and you'll lose all your assets but the one you've in the bank can't. So You are tempted to sell of your crypto assets because you needed instant cash to pay your bills. You can't just throwaway everything you have worked for. That is why you should embrace Nexo.

Other Benefits You Enjoy From Nexo
Other than getting instant funding for the assets you still own, Nexo offers other benefits such as being transparent with no hidden charges to an efficient tax and cost.
They also offer a flexible overdraft system where your overdraft limit is valued base on the value of your crypto assets. Even when your assets appreciate, additional credit is automatically added to your card.
Repayment is even made easier and convenient as owners does not have to pay back with cryptocurrency, they can also do so with Fiat such as dollar, Euro. Paying back with the Nexo tokens also results in the interest being discounted.
You can also acquire as many overdraft as desired in a month as long as it is within the available overdraft limit.
Reason more you can always trust this initiative is that the people behind this are actually coming together with people who have been able to do it manually successfully. Nexo is bringing the Repo agreements to the new digital economy and the size of the Repo market for non-digital assets is over EUR 5 trillion.
It is not ideal to leverage all your digital assets with good ipside values in order to buy or acquire a property.