De financiële instelling verhoogt het rendement op besparingen op cryptocurrency en introduceert Earn in NEXO-functie als onderdeel van de herziening van het tokenomics-model Nexonomics

LONDEN– (BUSINESS WIRE) – Nexo, de toonaangevende gereguleerde financiële instelling voor digitale activa, heeft vandaag een tweevoudige verhoging aangekondigd van de spaarrentetarieven voor cryptocurrencies BTC, ETH, XRP, BCH, LTC, EOS, LINK, XLM, TRX en PAXG, dat opbrengsten tot 8% APY biedt via zijn Earn op Crypto product.

Dit persbericht bevat multimedia. Bekijk de volledige release hier: https://www.businesswire.com/news/home/20201028005868/en/

De substantiële stijging betekent een stijging van 1% in de spaarrentetarieven op alle ondersteunde cryptocurrencies, waardoor de tarieven voor deze activa oplopen tot 6% APY. De introductie van Earn in NEXO biedt een extra APY van 2% voor besparingen op alle digitale en fiat-activa die het Nexo-platform draagt, en brengt respectievelijk de maximale rentetarieven voor de Earn-suite op 8% en 12% voor cryptocurrencies, en fiat en stablecoins.

Nexo Doubles Earn on Crypto Interest Rates

The financial institution raises yields on cryptocurrency savings and introduces Earn in NEXO feature as part of tokenomics model overhaul Nexonomics

LONDON–(BUSINESS WIRE)– Nexo, the leading regulated financial institution for digital assets, today announced a two-fold increase on savings interest rates for cryptocurrencies BTC, ETH, XRP, BCH, LTC, EOS, LINK, XLM, TRX, and PAXG, offering yields of up to 8% APY through its Earn on Crypto product.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201028005868/en/

Nexo’s newly released Earn UP and Earn in NEXO features deliver interest rates of up to 12% APY to the platform’s clients. (Photo: Business Wire)

The substantial hike constitutes a 1% bump in savings interest rates on all supported cryptocurrencies, bringing rates for these assets up to 6% APY. The introduction of Earn in NEXO offers an extra 2% APY for savings in all digital and fiat assets the Nexo platform carries, respectively bringing maximum interest rates for the Earn suite to 8% and 12% for cryptocurrencies, and fiat and stablecoins.

The addition of Earn in NEXO to the company’s lineup – a feature allowing clients to collect interest in Nexo’s native token, regardless of the assets held and their volume – also marks the launch of the company’s Nexonomics campaign.

“With volatility rife around the second COVID wave and exacerbated by the US elections, we want to give our clients the financial stability and opportunities to guarantee their peace of mind – now and for the future. Few financial service providers can offer this. That Nexo can raise interest rates and scale up the NEXO’s tokenomics in times like these confirms how vital it is to maintain a sustainable business model and the importance of a market-neutral strategy,” said Nexo Co-founder and Managing Partner Antoni Trenchev.

The interest rate increase and Earn in NEXO launch are the first of a series of announcements under the lender’s Nexonomics initiative, devised to expand Nexo’s tokenomics model and boost NEXO, the enterprise’s token utility and value, while simultaneously amplifying the potential of the Earn on Crypto & Fiat suite. The full scope of Nexonomics, including a variety of upcoming upgrades and functionalities, will be revealed within December 2020.

Previously, Nexo interest rates ranged between 4% and 5% on cryptocurrencies, and 8% to 10% on fiat and stablecoins. The launch of Nexonomics also comes hot on the heels of several upgrades to Nexo’s Earn on Crypto & Fiat suite, including the decision to introduce a PAX Gold earn offering to satisfy the community’s interest in tokenized gold.

– ENDS –

About Nexo:

Nexo is the world’s leading regulated financial institution for digital assets. The company’s mission is to maximize the value and utility of cryptocurrencies by offering tax-efficient ‘Instant Crypto Credit Lines’, high-yield ‘Earn Interest’ products, ‘Send & Pay’, and sophisticated trading and OTC capabilities, while providing top-tier custodial insurance and military-grade security of the Nexo Wallet. Nexo has processed $3+ billion for nearly 1 million users across more than 200 jurisdictions.

Official website: https://nexo.io

View source version on businesswire.com: https://www.businesswire.com/news/home/20201028005868/en/

Contacts

Media contacts for Nexo:
Stella Zlatareva

stella@nexo.io
Sophie Parker

sophie@yapglobal.com