LONDON–(BUSINESS WIRE)–July 1, 2020–
The main monetary establishment for digital belongings, Nexo, immediately introduced that the third Nexo Dividend will likely be paid out to eligible NEXO Token Holders on August 15, 2020. The payout quantity, to be communicated on the August 5, 2020 ex-dividend date, will mirror the corporate’s rising profitability.
“Our operations have remained as strong as ever, with profits marking constant growth despite the temporary pandemic-induced downturn,” mentioned Antoni Trenchev, Co-founder and Managing Partner of Nexo.
“The steady stream of asset integrations and launches, including our Earn on Crypto product suite only last week, underscores our confidence in the sustainability of Nexo’s business model. Distributing our third dividend is the icing on the cake after both an exciting and turbulent few months, and reflects our commitment to rewarding NEXO Token Holders, our greatest supporters, for their trust and ownership.”
Nexo periodically and proportionately distributes 30% of its income to NEXO Token Holders, with the earlier dividend payout – of US$2,409,575 – distributed on August 15, 2019. A primary, interim dividend of US$912,071 was paid out on December 15, 2018.
Further data on the NEXO Token and dividend payout eligibility necessities may be discovered here.
Nexo is the main regulated monetary establishment for digital belongings. The firm’s mission from day one is to maximise the worth of cryptocurrencies by providing tax-efficient ‘Instant Crypto Credit Lines™, high-yield ‘Earn Interest’ merchandise and ‘Send & Pay’ capabilities for shoppers, whereas guaranteeing $100 million custodial insurance coverage and military-grade safety of the Nexo Wallet. Nexo has processed greater than $three billion in 40+ fiat currencies for 800,000+ customers throughout greater than 200 jurisdictions.
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