NEXO 

NEXO Price

What is the Nexo cryptocurrency?

Nexo is a centralized finance (CeFi) platform founded in 2018 as a spin-off of the European fintech group Credissimo. The platform offers instant crypto-backed loans and credit lines, interest-earning accounts, a crypto card with cashback, and exchange services. NEXO is the platform's ERC-20 utility token — holding the token determines a client's loyalty tier, which unlocks higher earn rates, lower loan rates, and fee rebates. DropsTab classifies NEXO under Finance and SEC security token.

Is NEXO a coin or a token?

NEXO is a token, not a coin — the asset does not run its own blockchain. The canonical NEXO token is an ERC-20 contract on Ethereum with 18 decimals. Bridged versions exist on Polygon, Fantom, SORA, and Energi, giving the token a five-chain footprint. DropsTab tags NEXO as an SEC security token in addition to the token classification.

What is the NEXO token used for?

The NEXO token works as a loyalty and discount instrument across the Nexo platform. Holding NEXO determines the client's loyalty tier — Base, Silver, Gold, or Platinum. Higher tiers unlock up to ~9% interest paid in NEXO, up to 2% card cashback, lower loan rates, and fee rebates. Holding NEXO confers no governance or equity rights in the company. An earlier dividend program that distributed platform profits to holders was discontinued and replaced by this loyalty model.

How many NEXO tokens exist?

Per DropsTab data, NEXO's maximum supply and total supply are both fixed at 1,000,000,000 tokens. The 2018 Main Sale sold 525,000,000 NEXO — 52.5% of the total supply — at a fixed $0.10 per token. Nexo retained the remaining 475 million tokens (47.5%). The company-retained tranche has no published emission schedule, so any large transfer of it into circulation would raise the float unannounced.

Does NEXO have a vesting schedule or unlock risk?

NEXO has no published vesting schedule. The 2018 Main Sale carried an explicit "No Lockup" distribution — all 525,000,000 sale tokens were liquid from day one. The 475 million company-retained tokens have no on-record unlock, cliff, or emission calendar. This structure creates a transparency risk for holders: treasury-driven supply increases would reach the market unannounced, so disclosed company wallet activity matters more than any unlock calendar.

Who backed Nexo and how much did its ICO raise?

DropsTab fundraising data shows Nexo raised $52,500,000 in a single Main Sale round on 5 March 2018, selling 525,000,000 NEXO at $0.10 with no lockup. The pre-sale valuation stood at $75 million. Backers included Arrington Capital and angel Michael Arrington (TechCrunch founder), plus Blockground Capital, NueValue Capital, Varys Capital, and angels Trevor Koverko, Paolo Tasca, Ugo Bechis, and Kenneth A. Goodwin Jr.

What does Nexo's funding history signal about the project?

Nexo's funding record consists of one completed round: the Main Sale closed at its $52,500,000 hard cap on 5 March 2018 without extension. No later equity or venture rounds are recorded on DropsTab. No single venture investor holds a disclosed stake above 20% of NEXO supply — the concentration risk sits with the company's retained 47.5% tranche, not with outside backers. Figures match the Kentucky Department of Financial Institutions order.

On which exchanges is NEXO traded?

Per DropsTab data, NEXO trades spot on 20+ venues, with liquidity concentrated in CEX USDT pairs — Binance NEXO/USDT and NEXO/BTC, Bybit NEXO/USDT, Gate NEXO/USDT, HTX NEXO/USDT, WhiteBIT NEXO/USDT, and Upbit NEXO/USDT. DEX liquidity runs through Uniswap v3 and v2 (NEXO/WETH, NEXO/USDT) and Quickswap on Polygon, with thinner pools than the CEX books. No derivatives markets are tracked, so NEXO exposure is spot-only — a consideration for large orders.

Is Nexo a regulated crypto lending platform?

Nexo carries a documented US enforcement record. In January 2023, Nexo paid $45 million in combined penalties — $22.5 million to the SEC and $22.5 million in a coordinated multistate settlement — over its unregistered Earn Interest Product, and wound down its US operations. The penalties resolved that matter. DropsTab tags NEXO as an SEC security token, which reflects this regulatory history rather than a claim on company equity.