nexo logo
Nexo
NEXO
$1.18

Sector

Payments

Exchange Debut

2018-05-01

Market Cap

659,512,973

Maxim Supply

1,000,000,000

Circulating Supply

560,000,009

Circ. Supply(%)

56.00%
nexo logo

Nexo

NEXO

Price

$1.18

Market Cap

Sector

Exchange Debut

659,512,973
2018-05-01

Volume 24h

High 24h

Low 24h

4611605
1.20523566635
1.14634305497

Change 24h

Change 7d

Change 30d

-2.2467
-10.0048
-16.8011

Maxim supply

Circulating supply

Circulating supply(%)

1,000,000,000
560,000,009
56.00%

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Nexo-NEXO cryptocurrency:

 

Nexo (NEXO) emerges as a formidable player in the digital assets arena, leveraging its comprehensive suite of products to maximize digital asset value and utility. With a mission focused on advancing trading solutions and offering tax-efficient credit lines, Nexo has processed over $130 billion for more than 5 million users across 200 jurisdictions. Despite its impressive outreach and institutional growth, the fundamental analysis of the Nexo – NEXO cryptocurrency presents a mixed picture, as reflected in its overall score of 5.69 out of 10. This score is indicative of certain strengths and areas needing improvement in the Nexo ecosystem.

SOCIAL & MASS MEDIA: Score 7.6 out of 10

Nexo’s presence in the social and media landscape is robust, earning a 7.6 out of 10. The project excels in attracting followers and maintaining a strong media presence, with perfect scores in both areas. However, it falls short in community activity on social media, indicating a potential disconnect between its online following and active community engagement.

AUDIT & SECURITY: Score 5.6 out of 10

The project’s audit and security measures receive a moderate score of 5.6 out of 10. Liquidity on exchanges is high, reflecting a stable trading environment. However, the transparency of information and audit results indicate room for improvement in building user trust and ensuring security standards.

TOKENOMICS: Score 6.1 out of 10

Nexo’s token economy scores 6.1 out of 10. The project has managed to keep inflation under control, but concerns about centralization in the monetary mass suggest a need for more decentralized governance or distribution strategies.

ECOSYSTEM DEVELOPMENT: Score 2.9 out of 10

The ecosystem development of Nexo is an area of concern, reflected in a low score of 2.9 out of 10. Objectives are not being met as expected, and there’s a lack of significant new developments, suggesting a stagnation in innovation and growth within the Nexo ecosystem.

TEAM & DEVELOPERS: Score 7.36 out of 10

The Nexo team, with a score of 7.36 out of 10, showcases strong experience. However, the number of software developers seems limited, which could impact the project’s ability to innovate and address technical challenges efficiently.

PRODUCT & UTILITY: Score 5.52 out of 10

Nexo’s product utility scores a moderate 5.52 out of 10. The utility of the product is recognized, but the use of tokens within the ecosystem appears limited, suggesting a need for better integration of NEXO tokens in its service offerings.

PARTNERS & INVESTORS: Score 6.5 out of 10

The project scores reasonably well with a 6.5 out of 10 in partners and investors criterion. The number and quality of partners are strong, but there’s room for growth in attracting more capable investors to support and expand Nexo’s reach.

Fundamental analysis of the Nexo – NEXO cryptocurrency – The final conclusion

In conclusion, the fundamental analysis of the Nexo – NEXO cryptocurrency reveals a project with substantial achievements, particularly in market presence and team expertise. However, there are notable areas for improvement, particularly in ecosystem development and token utility. The moderate overall score suggests a balanced investment opportunity, with potential risks tied to underdeveloped areas of the project. Investors and users should weigh these factors carefully, considering both the strengths and limitations of Nexo in their decision-making process.

What is Nexo – NEXO?

Nexo, a global leader in digital assets, aims to enhance the value and utility of these assets. Its product suite includes advanced trading solutions, liquidity aggregation, and tax-efficient credit lines. In 2022, Nexo Ventures was launched, expanding its portfolio to over 60 companies. With $130+ billion processed, Nexo serves over 5 million users in 200+ jurisdictions. The NEXO Token, an Ethereum-based ERC-20 token, is central to its Loyalty Program. It offers numerous benefits like lower borrowing rates and better yields.

Foundational Leadership

Established in late 2018, Nexo was founded by Kosta Kantchev, Antoni Trenchev, and Kalin Metodiev, seasoned finance professionals. It raised $52.5 million in a private token sale. Antoni Trenchev, known for his appearances in major fintech and cryptocurrency outlets, plays a crucial role in the company.

Unique Services and Products

Nexo began as an over-collateralized lending platform and evolved into a comprehensive crypto management suite. Its Instant Crypto Credit Lines offer loans in 40+ fiat currencies or stablecoins, accepting over 60 cryptocurrencies as collateral. Nexo’s Earn Interest product features daily payouts, compounding interest, and a zero-fee policy. Nexo Pro, catering to both novice and expert traders, supports over 400 market pairs and various trading options with up to 20x leverage. The Nexo Card, the first crypto-backed credit card, was launched in partnership with Mastercard. Nexo Prime, tailored for institutional investors, combines trading, borrowing, lending, and asset storage.

Security and Accolades

Nexo’s security measures include real-time asset attestation and a record of no client fund losses since 2018. It partners with Ledger and Bakkt for custodial functions and is ISO/IEC 27001:2013 certified. The platform’s security features include 2FA, SSL connection, and 24/7 support. Nexo has received multiple industry awards, solidifying its position as a leading digital asset lender.

Fundamental analysis of the Nexo-NEXO cryptocurrency

Nexo - NEXO performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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SCORE: 7.47
RATING: Good