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NEXO Token Holders Receive $6,127,981.39 in Dividends

Aug 15·1 min read
NEXO Token Holders Receive $6,127,981.39 in Dividends

The Third Nexo Dividend worth $6,127,981.39 has now been distributed to NEXO Token Holders. Congratulations on receiving your payouts. We would like to invite you to log in to your accounts to view the dividend credited to your wallet.

This year, Nexo continued to pile accomplishments, overcoming 2020’s many obstacles. The business prospered with recent achievements including the launch of the much-anticipated Earn on Crypto, lowering our borrowing rates to just 5.9%, integrating numerous new assets to the Instant Crypto Credit Lines™, and partnering with key industry participants.

Nexo’s success naturally led to our Third Dividend distribution, which marks an impressive 154.32% growth over the Second Dividend. With the S&P 500 earnings set to plunge by 60% this quarter, even industry giants cut their dividends by up to 57%, and many companies did not issue dividends. In contrast, Nexo honored its fiduciary duty to the community, distributing 30% of its profits to NEXO Holders.

How Is the Dividend Distributed?

The Nexo Dividend distribution is split into Base and Loyalty Dividend Payments.

  • Base Dividend — paid out to all eligible token holders proportionally to their NEXO Token holdings.
  • Loyalty Dividend — paid out individually for each NEXO Token based on how long it has been in the Nexo Wallet from one ex-dividend date to the next. The share of the Loyalty Dividend will be no less than 1/3 of the total dividend amount.

20% Bonus Dividends

This year Nexo pioneered its Bonus Dividend – an extra 20% on top of your Base and Loyalty Dividends. Token Holders with more than 100,000 NEXO who chose to HODL their payout in their accounts until August 15, 2021, benefit from:

  • A 120% dividend payout, comprising Base and Loyalty Dividends (100%) and the 20% Bonus Dividend.
  • All NEXO Tokens locked in during this one-year period are 100% eligible for Nexo’s fourth Base and Loyalty Dividend payout.

The NEXO Token Utilities

In addition to dividends, the NEXO Token brings investors numerous benefits including:

  • Token Holders can stake NEXO to receive a 50% discount on their credit line interest
  • Staking NEXO Tokens also brings clients 25% higher interest on the idle assets in their Nexo Account

Тhe Nexo team is hard at work on the NEXO Token Utilities 2.0 Overhaul which will bring even more benefits to token holders, including, but not limited to:

  • Better interest rates on both our Instant Crypto Credit Lines™ and Earn products
  • Premium features and functionalities
  • Higher affiliate commissions
  • Invite-only access to products announcements and events

We are certain you will enjoy your reward and thank you once again for your trust in us.

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