With the current instability that the crypto market is experiencing, am talking about the different factors affecting the cryptocurrecy, factors like government regulation, media influence, instability of the cryptocurrency network, the cryptocurrency demand and supply, wider mainstream acceptance and so on. Of what value is your token when your need come against the downside of the cryptocurrency value? At this point what comes to your mind, do you sell your token to meet your needs while losing on your investment or do you forgo your need.
About eight month ago, a friend introduce my friend Remi to bitcoin trade, He taught Him how to trade bitcoin, He also told him that if He is diligent he can make up eighty percent profit return on investment. And so Remi invested thirty dollars in bitcoin, after trading for about a month, He made an extra nineteen dollar profit from the thirty dollar invested at this point He became excited, He made about thirty percent profit from His investment, Now Remi sees Himself not just as an investor, but also believes in the business, at this point He withdrew His all his savings and invested it in bitcoin. After trading for about four months, there was an immense drop in the price of bitcoin. Now Remi purpose in His heart that He will not sell until the price jack back up.
Two days later His pregnant wife was admitted to the labor room where she had difficulty trying to give birth, at this point the doctor said to Remi that they had no option than to carry out a caesarian session to save the baby. The operation would cost about 1500 dollars. He had to withdraw all He had in his wallet at the expense of His capital. Remi my friend found himself in this situation where He has to save His wife and His baby or save His business. of course he sold His bitcoin and made a lost of about forty percent to pay the bill for His wife's operation. Indeed a need that need to be met, but His dear investment was gone.
At this junction, i said to myself had he has an option to save them both wouldn't it be lovely? This is where Nexo comes in.
Value is define as the worth estimated by any standard of purchasing power. Of what value is your token when your need come against the downside of the crypto currency value? Nexo is here to meet your needs so you don't have to make loss on the downside of your investment. Nexo is here to give you value for your token when a need arise.
WHAT IS Nexo?
Nexo offers the world’s first instant crypto overdrafts. This means that owners of digital assets do not need to sell their crypto to have access to instant cash whenever they need it.
Nexo will allow users to use their cryptocurrency as collateral to get liquidity without credit checks, exchange fees, taxes or hidden fees. This will enable crypto holders to maintain their position and benefit from any upside potential, while giving them the power to seize any attractive opportunities or meet any immediate obligations. Nexo also offers services to Cryptocurrency Investors, Gamers and Virtual Reality Users, Cryptocurrency Exchanges, Crypto Miners, ICO and Crypto Companies, Hedge Funds and so on.
The Nexo Overdraft Process:
Overdrafting
Step 1:
The user puts cryptocurrency into their Nexo overdraft wallet.
Step 2:
The overdraft funds are immediately available via bank transfer or the Nexo Credit Card.
The Nexo Token Sale
The Private Pre-Sale has been oversubscribed by a factor of 5x and the applications for the Public Pre-Sale Whitelist indicated an 11x oversubscription.
The Public Pre-Sale and Main Token Events will not take place due to increased institutional and strategic support.
The Demand for Instant Crypto Overdrafts
Early requests and applications for the Nexo Instant Crypto Overdrafts now exceed $500 million.
Nexo History
Nexo is powered by Credissimo, which was founded in 2007. Credissimo has over 130 employees, and has processed over 1,000,000 loan applications.
These are the statistics for Credissimo:
Credissimo adheres to the highest regulatory requirements and has been strictly
supervised by multiple European Banking and Financial Services Regulators since 2007.
Credissimo has received several awards over the years from companies such as Forbes and Ernst & Young, while also reaching Top 10 in Alternative Finance at the European FinTech Awards 2017.
With Nexo why lose to the downside of of the market? I say it doesn't make sense..
nexo2018