US$2,409,574.87 Dividend for NEXO Token Holders Announced
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Nexo’s Board of Directors is delighted to announce that a Nexo Dividend of US$2,409,574.87 will be distributed to NEXO Token Holders on August 15, 2019, subject to eligibility requirements.
The first two quarters of 2019 have seen unprecedented demand for Nexo’s signature Instant Crypto Credit Lines™ and this results in a three-fold increase in the nominal value of the Nexo Dividend.
Nexo would like to remind you of its innovative dividend-distribution methodology that rewards long-term investor confidence in Nexo and also decreases market volatility around ex-dividend dates. This approach results in the dividend profit-sharing to be split into two parts:
- 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 to be distributed in any given period.
Please make sure to place your NEXO Tokens by August 5, 2019, 15:00 UTC to ensure full benefits of earning passive income with Nexo.
We are confident that going forward, Nexo’s profitability will continue its upward trajectory. Nexo consistently dominates the crypto lending space and with the addition of the Nexo Card, new assets for both our Instant Crypto Credit Lines™ and for our high-yield ‘Earn Interest’ product, and the acquisition of commercial banking capabilities, Nexo is the only crypto banking account that the blockchain space will ever need.
In addition to growing dividend payouts, the Nexo Team is working on Utilities 2.0 for the NEXO Token that will bring a plethora of new amazing utility features, including, but not limited to:
- Better interest rates on all Nexo products
- Premium features and functionalities
- Nexo Card cashback
- Exclusive Nexo Card designs
- Affiliate commissions
- Invite-only access to products and events
This utility overhaul will ensure growing demand and appreciation of the NEXO Token.
To participate in Nexo’s financial success, make sure to purchase NEXO Tokens on Huobi, one of the community’s most popular cryptocurrency exchanges, against BTC and ETH, as Nexo shares 30% of its profits with the NEXO Token Holders.
We hope you are as thrilled about these developments as we are and look forward to many fulfilling moments like this one!
Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!
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