Nexo (NEXO) is a platform that allows users to collateralize their crypto. Once an amount has been staked, a user can proportionally borrow against / receive interest on the value of the amount staked. The platform has an incentive in its rewards token NEXO which can also be staked to access proportional rewards or better interest rates. Nexo distributes 30% of its profits in the form of dividends via the NEXO token, classifying it as a digital security asset.
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