So this may be a silly question. But what happens

Question

So this may be a silly question. But what happens

in the event of a crypto winter? If the value of major token suddenly crash below half their value and people cannot make repayments which continues to accrue interest, is Nexo able to survive a sustained negative event?

#cryptocurrency #english #nexo

0

17.01.2022

4 ответов

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Zac Wing

i guess every bank, institution, finance broker etc has its limits. 🤷‍♂️ this is what they say: What is Nexo backed by? The NEXO Token is the World's First US SEC- compliant Asset-backed Token and is backed by the underlying assets of Nexo's loan portfolio. NEXO Tokens are a safe haven as they provide passive income in the form of 30% from the company's profits, distributed monthly to NEXO Token Holders.

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17.01.2022

Moshood Abu

Zac Wing
i guess every bank, institution, finance broker et...

Nexo doesn't pay dividends anymore. Rather, the tokens get interests depending on how long it's locked for

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17.01.2022

DoggyCat Автор вопроса

Zac Wing
i guess every bank, institution, finance broker et...

Yep agree with the limits on all institutions, crypto markets however are alot more volatile, which traditional institutions don't have to deal with, for the most part economic downturns, corrections and crashes can be forcast

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17.01.2022

Moshood Abu · Accepted Answer

Moshood Abu

In this instance, leveraged accounts get liquidated

0

17.01.2022

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So this may be a silly question. But what happens

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