Home PC News Nexo to Distribute $6,128,000 in Dividends on August 15, 2020

Nexo to Distribute $6,128,000 in Dividends on August 15, 2020

LONDON–(BUSINESS WIRE)–August 5, 2020–

The main monetary establishment for digital property, Nexo, at present introduced that the third Nexo Dividend quantities to US $ 6,127,981.39 and is to be paid out to eligible NEXO Token Holders on August 15, 2020.

This press launch options multimedia. View the total launch right here: https://www.businesswire.com/news/home/20200805005664/en/

Today, at 15:00 UTC, additionally marks the ex-dividend and report date.

The payout includes 30% of the corporate’s web revenue for the interval June 30, 2019 – June 30, 2020, and demonstrates 154.32% development аs in contrast with the second dividend of $2,409,574.87 distributed on August 15, 2019.

“Our profit unequivocally showcases Nexo’s stellar development and staunch resilience to what are perhaps the toughest market conditions since the 2007 economic crisis,” stated Antoni Trenchev, Co-founder and Managing Partner of Nexo. “This cements our position at the forefront of the digital assets space and brings us even closer to becoming the world’s leading financial institution as crypto enters the mainstream. The third Nexo Dividend rewards NEXO Token Holders for their trust and contribution to our expansion.”

Nexo has gone from energy to energy with current achievements, together with however not restricted to:

• The launch of the much-anticipated Earn on Crypto for a rising variety of digital property;

• Lowering lending charges to the bottom within the area – ranging from simply 5.9%;

• Integrating new property as out there collateral choices in its Instant Crypto Credit LinesTM, together with the world’s first loans in opposition to tokenized Gold;

• Partnering with key trade contributors, equivalent to Circle’s USDC and Chainlink;

• Launching its model new web site.

In these most difficult occasions when the S&P 500 earnings are set to plunge by 60% this quarter and even trade giants cut their dividends by up to 57%, Nexo’s sustainable enterprise mannequin creates a beacon of stability that continues to develop and attracts in additional folks into the Blockchain ecosystem, paving the way in which to wider adoption in a reliable and financially viable method.

– ENDS –

Attached with this press launch is the official Dividend Announcement as authorized by the Board of Directors of Nexo Capital Inc. on August 5, 2020.

Further info on the NEXO Token and dividend payout eligibility necessities may be discovered here.

About Nexo

Nexo is the main regulated monetary establishment for digital property. 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 purchasers, 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.

For media enquiries, please contact:
Sophie Parker
[email protected]

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