How to Buy NEXO Token in India?
Nexo is a platform for instant crypto loans that offers quick access to cash as well as assistance in maintaining ownership of one’s digital assets. The NEXO token is used to provide discounts and other benefits to platform users.
What is NEXO Token?
Nexo is a lending program based on blockchain that offers users quick cryptocurrency-backed loans. Users deposit an accepted token such as Bitcoin (BTC), Ether (ETH), Litecoin (LTC) or XRP as security to obtain a loan in the form of a fiat currency or stable coin.
Nexo has a primary token, NEXO, that when secured in the platform grants users perks such as discounts on business accumulated on loans and the chance to receive interest payments on funds deposited. Token holders also gain dividends from Nexo’s profits.
Key features of NEXO Token
- The Holo developers experienced that the proof-of-work consensus framework has run its course in terms of its capability to handle a larger number of transactions and greater adoption.
- The blockchain is seen as being destroyed by its reliance on managing the system in which all participants share one global state, represented by the ledger containing an entire transaction history on the chain.
- If the users desire to present changes to the system which confirms consensus, their flexibility is constrained unless they want to bring about various hard or soft forks.