What is Nexo

Title

Nexo is a financial institution (the crypto branch of Credisimo, a large loaning company in Europe) and currently generates operating revenues from interest on crypto loans.

Nexo provides crypto owners with a great way to unlock the value of their holdings and get access to instant cash (in over 40 fiat currencies) by borrowing against their assets instead of selling them.

The Nexo Credit card will be introduced by the end of 2018.

Nexo partners with the largest and word renowned custodian BitGo to secure all crypto assets. BitGo is backed by Goldman Sachs and is Cryptocurrency Security Standard Level 3 as well as SOC 2 compliant. The CCSS Level 3 requires multiple actors for the all-critical actions. Advanced authentication mechanisms are employed to ensure authenticity of data, and assets are distributed geographically and organisationally.

More about the Nexo token distribution can be found on the Nexo website

Payout Structure   Dividend Calculator   Current Performance   Dividend Yields   NEXO and other crypto appreciation   

Nexo Payout Structure

70% from the company’s Net Profit will be reinvested back into the company to fund more crypto loans, and a fixed 30% from the Net Profit is paid out as dividend to the eligible NEXO Token holders in the given dividend period.

Nexo uses an innovative dividend-distribution methodology that will reward long-term investors in Nexo resulting in a dividend profit-sharing to be split into two parts:
Base Dividend — paid out to all eligible token holders proportionally to their NEXO Token holdings;
Loyalty Dividend — paid out individually for each NEXO Token based on how long it has been in the Nexo Wallet from one ex-dividend date to the next. The share of the Loyalty Dividend will be no less than 1/3 of the total dividend amount to be distributed in any given period.

Dividend is only paid to eligible token holders who will also receive proportionally the dividends of all ineligible token holders.

To receive dividend, NEXO Tokens must be held/staked in your Nexo Wallet at platform.nexo.io at the ex-dividend date, which is 10 days prior to the dividend distribution date. NEXO Token holders also must go through the advanced user verification (upload passport / driver licence / ID card) before you can receive dividends

Dividends are calculated in USD and paid in your Nexo Wallet in BTC and/or ETH and/or NEXO Tokens and/or USD stable coin, whichever creates greater value for NEXO Token holders at the given moment, which will be decided by Nexo.

At this moment it is still unknown when the next payments will be. I expect it to be quarterly and if so, the next payment will be in Februari 2019

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Nexo dividend calculator

Nexo dividend payouts are calculated by this formula ((30% Profit ) / 560000011.00000000 = payout per Nexo.
You can calculate what you would earn with your Nexo and also how many profit is needed to get a certain amount of profit sharing by entering the numbers below and press "Calculate". This calculator does not take the loyalty dividend into account (yet).

Profit Nexo makes in a month $
Amount Nexo you own  
Total dividend you are aming for in a month$
Display currency  

Nexo results current dividend period

Disclaimer: At this point in time there is no way for me to track the total amount of loans, I can only track (nexolending.com) the loans in USDT and not in fiat. Therefore the following dividend calculations are an estimate. Based on the first dividend period there seems to be twice the amount of loans in fiat than in USDT

 End last dividend periode Now Difference 
Total Loans in USDT $16,421,078$19,152,98416.64%
Nr Loans 3,0513,76823.50%

Total amount of daily interest : $816,336.21
This number is calculated the following. Considering the fiat loads are twice as big as the USDT loans and all the annual interests are 16%. The sum off: ((Daily total loans * 3) * 0.16) / 365
Updates are taken once a day from Nexolending. This is not an official Nexo website.


Nexo return of investment


Profit calculated for dividend: are the total sum of interest ( $816,336.21 )

Dividend eligible profit ( $244,900.86 ) (30% profit) related to next dividend payouts


Based on current profit, this is what we will receive at next pay outs:
Nexo dividend with $816,336.21 profit:
1 Nexo1000 Nexo25000 Nexo10000 Nexo
0.00043732USD0.43732296USD10.93307405USD4.37322962USD
0.00037754EUR0.37753916EUR9.43847909EUR3.77539164EUR
0.00000372ETH0.00371988ETH0.09299692ETH0.03719877ETH
0.00000012BTC0.00012185BTC0.00304619BTC0.00121848BTC
0.00138315XRP1.38314923XRP34.57873077XRP13.83149231XRP
0.00001365LTC0.01365228LTC0.34130688LTC0.13652275LTC
0.00000612DASH0.00611578DASH0.15289441DASH0.06115776DASH
0.00005757NEO0.05757120NEO1.43928004NEO0.57571202NEO
0.00732618NEXO7.32618458NEXO183.15461457NEXO73.26184583NEXO
This calculations do not take the loyalty dividend into account (yet)
To get a $1000 monthly dividend you need 2,286,640 NEXO tokens with $244,900.86 profit.
With 10000 NEXO profit needs to be $200,000,000.00 to get a $1000 monthly dividend.
Nexo Yields
Dividend yields are the ratio between annual payment(s) and price.

Indicated Annual Yield last dividend ($0.002945 per NEXO)
The indicated annual yield is the ratio between annual dividend and token price.
((last div * annual payments) / price) x 100%
Indicated yield with dividend day price ($0.07):17.490163%
Indicated yield with current price ($0.06): 19.736990%
Indicated yield with ico price ($0.10): 11.781629%
 
Average Annual Yield ($0.002945 per NEXO)
The average annual yield is the ratio between the dividend average of last 12 months and token price.
((avg dividend * annual payments) / token price) x 100%
Average yield with dividend day price ($0.07): 17.490163%
Average yield with current price ($0.06): 19.736990%
Average yield with ico price ($0.10): 11.781629%

What does a 19.74% yield mean? Simple you need 100 / 19.74 = 5 years and 1 months with the same dividend to earn your investement back if you buy the tokens now with current price. The higher the yield the faster you earn back your investement.
Nexo loans progress.
 
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NEXO Performance vs BTC, ETH, XRP, LTC, DASH and NEO

Would you have done better investing in the big crypto coins instead of buying Nexo?
Table below gives an overview if you had the choice to invest $1000 at the ICO ending or any given day.

Crypto Open price Nr coins for $1000 Current price Current $ value percentage%
BTC$9,251.47000.1081$3,589.0943$387.9485-61.21%
DASH$473.16002.1134$71.5074$151.1272-84.89%
ETH$670.46001.4915$117.5638$175.3480-82.47%
LTC$148.34006.7413$32.0330$215.9429-78.41%
NEO$84.370011.8526$7.5962$90.0345-91.00%
Nexo market opening$0.19065,245.2963$0.0597$328.5577*-67.14%
Nexo ICO price$0.100010,000.0000$0.0597$626.3855*-37.36%
Nexo ICO NaV$0.0000inf$0.0597$inf*inf%
XRP$0.83841,192.8121$0.3162$377.1423-62.29%
* Dividend included (Value NEXO + total dividend)
If you want to compare Nexo prices form a specific date, just select one and click the 'Performance' button
   

Nexo Loans

• Loans have an average annual interest rate of 16%.. Unless you pay back or back your loan with Nexo tokens
• No minimum loan repayments are required, as interest is debited automatically from your available credit limit;
• You can make repayments at any time. You can repay all or some of your loan early at any time (just like you do with your credit cards) and you could save interest - as you only pay interest for the days you borrow;
• There are no hidden fees (compared to Application, Administration, Membership, Late Penalty, Gas, Legal Fees and etc. of other lending platforms);
• You can make repayments using USD, EUR, GBP, AUD, NZD or crypto, including the collateral in your Nexo Wallet (ex. pay with part of your collateral assets and get the rest back/retain the ownership of the rest);
• Should the client consider that his crypto asset has met his price target; he can place an order with the Nexo Oracle to sell a fraction of the crypto assets stored in his wallet to repay his outstanding balance in part or completely;
• After each loan repayment, the Nexo Oracle self-executes and the Loan limits are automatically increased;
• Loans repaid in less than 30 days after the withdrawal, will be charged interest for the full 30 days;

Open Questions for Nexo

1) What will be the dividend frequency? Website https://nexo.io/why-nexo says monthly but the whitepaper and Telegram the standard answer is “We will assess which distribution intervals are achievable from an accounting and operational standpoint. Corporations around the world customarily handle dividend distributions on an annual basis. In the best interest of our investors, Nexo is committed to introducing more frequent dividend payments where operating results and industry standards permit.” Well in the crypto world dividends are paid daily to quarterly. It would be nice to make a decision fast.

2) Will the cutoff (ex-dividend day) day always be the 5th of each period or the first Wednesday.

3) 10 Days after that dividend will be distributed. This time there was a huge drop in crypto between the ex-dividend day and the actual payment. Would you consider keeping the profit in USD and buy the cypto to be distributed closer to the actual payment date. Crypto is volatile 10 days is just to long. Or better pay dividend with a stable coin.

4) Are Nexo tokens only valued by its market price or is there still a correlation between the loan fund size and the token. In other words if Nexo would stop its operations for whatever reason will tokenholders get a share in what is left?


5) Is there a way to track the total outstanding loans (xml feeds or api call or something like that. I have found nexolending.com but it only displays loans un USDT not in fiat. According my math (small sample size with only one payment period) the outstanding fiat loans are about twice that size.


6) Will there be a fixed formula for calculation loyalty bonus. No larger than 1/3 is a bit hard to do the math with. And does loyalty increase over time. Minimum period seems to be one dividend period. Do I get more dividend if I had held my tokens for 6 months instead of just one or is the loyalty span just one period.


Questions where mailed on december 5th and again on december 26th to Nexo

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Upcoming Nexo Payout

To be announced, I expect Feb 2019

To receive dividend, NEXO Tokens must be held/staked in your Nexo Wallet at platform.nexo.io at the ex-dividend date, which is 10 days prior to the dividend distribution date. NEXO Token holders also must go through the advanced user verification (upload passport / driver licence / ID card) before you can receive dividends

Last 10 Nexo Payouts
DateDividendIndicated Yield
Div DayPrice
2018-12-15$0.002945417.49%19.74%
 
Lifetime dividend in USD per NEXO.
Total$0.002945407267
Average$0.002945407267

Lifetime Profit: $3,040,236.67

Nexo ICO and token details

Websitenexo.io
WhitepaperWhitepaper
Ico started2018-03-06
Ico ended2018-04-01
Ico Price$0.10000000
Total Raised
Raised $50,075,000
Totalsupply1,000,000,000.000000
Circulatingsupply560,000,011.000000
Payout currencyETH / BTC / NEXO / USD
BlockchainEthereum
TokentypeERC-20
TickerNEXO
Decimals18
Contractadres
0xb62132e35a6c13ee1ee0f84dc5d40bad8d815206

NEXO related links

FacebookNexoFinance
TelegramNexo.io Community
RedditNexo
Githubnexofinance
MediumNexo
YouTubeNexo
Lending overviewNexolending
Loan calculatorNexocalc

Rating: 4.2/5 (33 stemmen)

NEXO market value
Current NEXO price:$0.05969314
In ETH: 0.00050775 ETH
In BTC: 0.00001663 BTC
1 ETH: 1,969.46967474 NEXO
1 BTC: 60,125.74156243 NEXO

Source CoinMarketCap.com nexo
Nexo Markets

HotBitNEXO-ETH
HotBitNEXO-BTC
AllBitNEXO-ETH
ForkDeltaNEXO-ETH
BancorNexo-BNT
DDexNEXO-ETH
MercatoxNEXO-BTC
MercatoxNEXO-ETH

Donations


Any beer / donation is appreciated, thx!
BTC:
3Hc6PFL6yctFG15HQ5EekBNykkgzyoRabr

ETH or any ERC-20 tokens:
0x3279fd991AA42a1759bef80b1C3202EE985668d3

If you want to donate any other coin. Contact me. I'm sure I have a wallet somewhere.
Nexo on Twitter
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