The crypto lending platform Nexo announced its third-time bulk buying of Nexo tokens, to strengthen the ecosystem of the lending platform.
Nexo is a crypto lending platform, which allows crypto users to earn passive income by holding funds on the platform. Also users are allowed to take loans on behalf of the collateral crypto assets funds on the platform, without any further documentation. In short, Nexo is a crypto bank.
On 30 August, Nexo announced that it allocated a total of $50 million in funds in the Nexo token buy program. The crypto lender also claimed that such initiatives are possible because of the better management & ecosystem of the Nexo platform.
Today we are announcing our third $50М Buyback.
-----Cryptonews AD----->>>
Sign up for a Bybit account and claim exclusive rewards from the Bybit referral program! Plus, claim up to 6,045 USDT bonus at . https://www.bybit.com/invite?ref=PAR8BE
<<<-----Cryptonews AD-----
Thе allocation is a result of our solid liquidity position and readiness to spur on our own products and community as the $NEXO Token comes to play an increasingly important role within our ecosystem.https://t.co/y7gTNMZC9q
— Nexo (@Nexo) August 30, 2022
The tweet confirmed that it was the third big Nexo tokens amount buy decision by the Nexo team. Earlier this, $100 million was allocated in Nov 2021 and in December 2020 the team purchased a total of $12 million worth of Nexo Tokens from the open market.
Antoni Trenchev, the co-founder of Nexo, said that such initiatives will help to strengthen the ecosystem of lending platforms and also to reduce the risk of high volatility concerns.
Nexo Co-founder said:
“Right now, our investors and clients require the solid ground to walk on, and our third token buyback ensures this added stability as we emerge from the latest market rollercoaster.”
It is worth noting that, Nexo will use the allocated funds to buy Nexo tokens in the next 12 months of the time frame and also the team will release these Nexo Tokens to the users as a reward for holding their crypto assets on the platform.
Nexo price
The current price of the Nexo token is $1.07 and this price is 7.76% up over the last 24 hours’ trade price value, while this price is 50% high over the last 30 days’ trade price value.
Read also: Shiba’s BONE skyrockets 200% in 10 days
Nexo team will re-purchase $50М worth of Nexo token
https://bitcoinik.com/nexo-team-will-re-purchase-50%d0%bc-worth-of-nexo-token/feed/
https://bitcoinik.com/nexo-team-will-re-purchase-50%d0%bc-worth-of-nexo-token/feed/
🚀🚀Get ready for the biggest ICO of 2022.
✅ICO Round 1 & 2 are Sold Out
✅ICO= Initial Coin Offering. Where you can purchase tokens at base price.
✅ICO has different rounds with different price.
✅Round-1 price: $0.0005 (Sold Out)
✅Round-2 price: $0.001 (Sold Out)
✅Round-3 price: $0.002
✅Round-4 price: $0.004
✅Round-5 price: $0.008
👉ICO will be finished on September 15, 2022.
👉Trading will start after ICO completion.
🚀🚀EXCHANGE LISTING PRICE: $0.02 per KST. That is 40x than ICO Round-1 (Seed round)🚀🚀
👩🏻💻For more details pls read pdf in marketing tools section in dashboard.
#koinswap #kst #nft #metaverse #blockchain
𝙍𝙀𝙂𝙄𝙎𝙏𝙍𝘼𝙏𝙄𝙊𝙉 𝙇𝙄𝙉𝙆👇🏽
https://koinswap.io/register?referralcode=CFxqfP
▬▬▬▬▬▬▬▬▬▬▬▬▬▬
THIS IS A LIFE CHANGING OPPORTUNITY
*REGISTER N VERIFY UR MAIL N GET 1000 COIN FOR FREE*
TODAY KOINSWAP IS GIVING US 1000 COIN FREE BUT NO ONE CARE TO TAKE IT
👇👇👇👇👇👇
https://koinswap.io/register?referralcode=CFxqfP
JOIN THE GROUP FOR MORE UPDATES
https://chat.whatsapp.com/BGUVkqhI6mg1p9XdJXzBwl
In 2009 you missed# BITCOIN
2014 you missed# DOGE
2015 you missed# XRP
2016 you missed# ETH
2017 you missed# ADA
2018 you missed# BNB
2019 you missed# LINK
2020 you missed# DOT
2021 you missed# SHIBA
https://koinswap.io/register?referralcode=CFxqfP
—————————————————————————————————————————————-
Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.
