There are many new blockchain-based networks, cryptocurrencies and tokens coming up every day. While a lot of them have various objectives like becoming a new way to value exchange or even being the best among the blockchain and crypto networks, Nexo functions as a bridge between the crypto world and the financial world.
The Nexo network mainly is a Blockchain-based lending platform that offers users instant loans, keeping our crypto assets as the collateral. The loans can be taken at once or in small amounts at your convenience. Slowly, Nexo is evolving and bringing professional financial services to the world of digital assets, like a bridge between the crypto world and the financial world. The Nexo token is the Digital world’s native token, which brings token holders numerous benefits on the Nexo platform.
The Nexo network is way more than just a lending platform. It can be closely compared to a conventional bank, providing almost similar services, while having the advantage of being a digital currency and in a blockchain network. The NEXO Token holders receive up to 12% interest per annum on the NEXO Tokens and other crypto assets. These assets can be in both the Savings and Credit Line wallets of the Nexo network. These interests are paid out daily. Owning more Nexo tokens unlocks the full potential of Nexo, fetching higher earning rates and the lowest borrowing rates. You get a title called ‘Loyalty Tiers’ based on the number of Nexo tokens you own. They are called BASE, SILVER, GOLD and PLATINUM. All the information you need about the tier system is explained on their website in simple and easy terms.
The lending process is simple. All you need to do is deposit your crypto assets into a Nexo controlled wallet, in your Nexo account. You can then use this as the collateral for the loans. You can get this loan directly and instantly in the form of fiat money in your banks.
The Nexo network aims at enabling people to harness the value of their crypto assets, and bridge the gap between the normal financial system and cryptocurrencies, to build a better financial system. They provide various services like:
- Rendering support to all the major crypto networks to initiate buying and trading.
- To be a medium in allowing the exchange of our assets between different crypto coins and more.
- They even have their own Nexo card which works like a debit or a credit card, so that you are able to use crypto assets.
Humans have always been looking for ways to improve everything. Crypto and blockchain lean towards being the future of value exchange. Nexo is one of the developments towards this change and our current banking systems.
Unocoin is India’s first and the most secure bitcoin trading app. This exchange app was founded in 2013. You can buy and sell bitcoin instantly using the Instant Buy and Sell feature. Not just this, you can also buy ETH and Sell ETH in no time. With more than eighty-seven coins listed on this best cryptocurrency exchange in India, you can also accept bitcoin from your friends from any location. You can also know which cryptocurrency works best for you with the price ticker and notifications. The most popular cryptocurrencies like Bitcoin (BTC), Ether (ETH), USDT (Tether), BNB, Ripple (XRP), Cardano (ADA), Solana (SOL), Binance USD (BUSD), Dogecoin (DOGE), Polkadot (DOT) and other popular altcoins can be traded on the go. The new Android and iOS applications make Unocoin the best cryptocurrency app. With the unique feature of the Systematic Buying Plan, you can buy and sell bitcoin and Ether periodically. What more? You can start your crypto journey using SBP for as little as INR 10. With another exciting feature called Crypto Basket, you can diversify your crypto portfolio based on market capitalisation (Market Cap) or Volume. These two excellent features make Unocoin the best cryptocurrency platform.
Love Crypto Coins. Love Unocoin.
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Crypto products are unregulated as of this date in India. They could be highly volatile. At Unocoin, we understand that there is a need to protect consumer interests as this form of trading and investment has risks that consumers may not be aware of. To ensure that consumers who deal in crypto products are not misled, they are advised to DYOR (Do Your Own Research).