Friday, August 16, 2019

Equity based lender

Crypto Lender Nexo Pays Token Holders Over $2.4 Million in Dividends

Crypto lending firm Nexo has paid its token holders a total of $2,409,574.87 in dividends. Nexo reportedly has reached an annualized dividend yield of 12.73%.
Nexo announced the completion of its dividend payments in a press release on Aug. 16. According to the press release, Nexo has a user base of over 250,000. Moreover, Nexo’s dividend yield is purportedly higher than every dividend-paying stock listed on the S&P 500 market index.
Nexo apparently pays out its total dividend in two parts — 50% comes from the Nexo Base Dividend and the other 50% from the Nexo Loyalty Dividend. Nexo claims that its model is designed to reward long-term investor confidence and decrease market volatility following dividend payouts.
The depositers buy shares, in two queues actually, long and short, by time, I think.  Loans are over the counter. Then this:

“When using the Nexo Card to purchase goods and services, you actually pay using your Nexo flexible open-ended revolving credit line that is backed with your crypto holdings and thus not selling any of them, which is giving you the freedom to spend today and sell your holdings whenever you want in the future to pay back the loan.”

Offering a S/L card to their shareholders.  The started one color, then switched to two color. It should work, if done right. But the concept is to take those borrowers and make them shareholds as well as making the shareholders into borrowers.

It matters not if this is crypto or jelly beans, the idea is to get a group of S/L card holders with matched, public risk.

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