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Wonder-Warrior

Is Nexo 100% liquid? Very scared with all the news

of crypto lenders going out of business and getting bankrupt.

#cryptocurrency #english #nexo
0

6 ответов

6 просмотров
Mike | Nexo | No support via DM-

We are operating as usual, all funds are safe and all of our products are up and running. You can read about security & insurance here if you'd like: https://support.nexo.io/hc/en-us/articles/360017628093-Security-and-Insurance

0
02.07.2022
Wonder-Warrior Автор вопроса
Mike | Nexo | No support via DM
We are operating as usual, all funds are safe and ...

But this Insurance and safety is in case of a hack right? Does it cover bad balance sheet or insolvency?

0
02.07.2022
Mike | Nexo | No support via DM-

Nexo has a conservative business model which requires an overcollateralization of 200%-500% for all Instant Crypto Credit Lines. Furthermore, unlike many other service providers, Nexo has never engaged in any sort of uncollateralized loans even to trustworthy institutions, a decision that guarantees Nexo’s robustness even in the most turbulent times.

0
02.07.2022
Wonder-Warrior Автор вопроса
Mike | Nexo | No support via DM
Nexo has a conservative business model which requi...

Hmm sounds good, hopefully not many lies in this but very less trust In everything right now as everything is falling like dominoes. If Nexo survives this time, Nexo will be a big winner come next cycle

0
02.07.2022
roger_moon-
Wonder Warrior
Hmm sounds good, hopefully not many lies in this b...

When NEXO survives this bear as one of the only lending platforms (alongside CryptoDotCom, maybe Swissborg, and YieldApp...) the price for the token will likely skyrocket during the next bull. (Not financial advice! 😏)

0
02.07.2022

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