What is Nexo?
*Nexo is based on blockchain lending platform that offers cryptocurrency banked loan for users.
*Users who deposit an accepted token example:- Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) or Ripple (XRP) to recive a loan in the form of a fiat cryptocurrency.
*Nexo has a native token NEXO, Nexo grant users benefits like discount on interest collect on loans and get an opportunity to receive interest payments on fund deposited.
*Token holders also get dividends from Nexo's profit.
*This project was announced on December 2017, and launched in April 2018.
Founder's of Nexo?
*Antoni Trenchev is founder of Nexo (NEXO)
Where can you buy Nexo(NEXO)?
*Users can buy Nexo on many crypto currency exchanges like
1.Huobi
2.Global
3.UPEX
4.Hoo
5.Bitrue
6.Binance
*Users can trade on crypto currencies such as Bitocin, Ethereum and Tether (USDT).
How many Nexo coins are there in circulation?
*Nexo has a limited supply of 1 Billion tokens. this total no. of supply is allocated in this following manner:
1. 250 million NEXO (25%) for the company's overdraft funding reserves, subject to a 12-months vesting period with a six-month cliff.
2. 112.5 million NEXO (11.25%) for the founders and team, subject to a 48- month quaterly vesting period.
3. 60 million NEXO (6%) for community building and airdrops campaigns, subject to an 18-month quaterly vesting period.
4. 52.5 million NEXO (5.25%) for advisor, legal costs and marketing, subject to a 12-months vesting period.
5.525 million NEXO (52.5%) for sale to investors.
Future analysis of Nexo
*Now Nexo support at 0.825-0.83 if we don't hold this support area next support at 0.625-0.63 next support at 0.547-0.552.
*Now nexo resistance at 1.07-1.08 if we break here and hold this resistance area this is strong resistance now next resistance at 1.24-1.25, if we break here with volume and hold this area next resistance at 1.41-1.42 next resistance at 1.79 next at 2.10 next resistance at 2.35.
*Nexo is a good coin for long-term it make double bottom at 0.5$ dollar bounce this area.
*In next 2-3 years it can gave a 10-15x return here if you want to buy try to buy at support area not at resistance area.
* If it breakout resistance area now resistance work as support area same as support, if support break down now turn to resistance area if you want to buy this try at support level.
*In market don't invest all amount in single coin try to divide 4-5 good coin and gave good return on next 2-3 years.
*Crypto market is high volatile try to gave almost 2-3 years. If you want buy a coin hold for long-term buy in spot nexousdt not in future market. It means don,t use leverage for long-term holding go to hold in spot market.
*If you want anything on chart and analysis for me contact me on telegram ask about it.
*Please share this post to your friends who have interest to invest in crypto that can help a lot
*I hope this coin analysis post will help you guys for making a decision for long-term investment.
